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  • Florida Supreme Court hears tuition dispute Thursday, 4 Oct 2012 | 4:41 PM ET

    TALLAHASSEE, Fla.-- Florida Supreme Court justices had some sharp questions Thursday for both sides on whether the Legislature has the power to set state university tuition and fees rather than a board created to oversee the schools. Two lower courts have ruled that power lies with the Legislature.

  • McKenna, Inslee differ on plan for needy schools Thursday, 4 Oct 2012 | 4:40 PM ET

    SEATTLE-- A relatively obscure tax plan to equalize the way Washington homeowners pay for public schools got some time under the spotlight as the candidates for governor debated its merits.

  • CPS board president 'pleased' by contract vote Thursday, 4 Oct 2012 | 4:37 PM ET

    CHICAGO-- Chicago Board of Education President David Vitale says he's pleased that teachers ratified a new contract. The Chicago Teachers Union announced Wednesday night that 79 percent of the union's membership had voted in favor of the contract. Teachers walked off the job Sept. 10, idling about 350,000 students for seven days.

  • Companies see Alaska LNG project cost at up to $65 bln Thursday, 4 Oct 2012 | 4:32 PM ET

    Oct 4- Oil companies putting together plans for a new "megaproject" to ship liquefied natural gas abroad from Alaska estimated the cost will run between $45 billion and $65 billion, according to a letter sent to the state governor, Sean Parnell. and ConocoPhillips agreed to work together with TransCanada Corp on the project.

  • Euro rises after comments from ECB chief Thursday, 4 Oct 2012 | 4:31 PM ET

    NEW YORK-- The euro is rising against the dollar after European Central Bank President Mario Draghi said that Spain is making progress toward getting its finances under control. The euro rose to $1.3018 in late trading from $1.2899 late Wednesday. The British pound rose to $1.6185 from $1.6072.

  • Global bank lobby calls for lower rates on Greek debt Thursday, 4 Oct 2012 | 4:30 PM ET

    *IIF says Greece needs lenience from "troika". Charles Dallara, the managing director of the Institute of International Finance, said Greece would be unable to rein in its sky-rocketing budget deficit without economic growth and needed more lenience from its "troika" of international lenders.

  • M-2 money supply rose by $100 million in the Sept. 24 week to $10,138.2 billion, the Federal Reserve said on Thursday. The Fed said the four-week moving average of M-2 was $10,122.5 billion vs. One week ended Sept. 24.

  • *Middle East tensions, Turkey strikes at Syria lift oil. NEW YORK, Oct 4- Oil prices jumped 4 percent on T hursday as inflamed Middle East tensions stoked supply fears and U.S. gasoline futures rallied following a fire at the largest operating refinery in the United States.

  • Walmart says union's LA protest has no impact Thursday, 4 Oct 2012 | 4:28 PM ET

    LOS ANGELES/ CHICAGO, Oct 4- Walmart employees affiliated with a union-backed group walked off the job in Los Angeles on Thursday, protesting working conditions at the world's largest retailer, which promptly defended itself, saying the "publicity stunt" was not having an impact on its business.

  • Cracker Barrel furthers proxy fight Thursday, 4 Oct 2012 | 4:27 PM ET

    LEBANON, Tenn.-- Cracker Barrel Old Country Store Inc. on Thursday urged its shareholders to vote against the election of two activist shareholders to its board. His firm, Biglari Holdings Inc., owns the Steak `n Shake and Western Sizzlin restaurant chains.

  • *ISS recommends shareholders vote to re-elect all News Corp directors. Oct 4- News Corp's controlling Murdoch family received a major endorsement, and won a symbolic victory, with proxy advisory group Institutional Shareholder Services' recommendation that shareholders vote to re-elect the company's board of directors at its annual shareholder meeting.

  • NEW YORK, Oct 4- The Federal Reserve provided $1.58 billion in liquidity to foreign central banks in the latest week via its swap lines, New York Fed data showed on Thursday. The European Central Bank was the only central bank to tap the swap lines for seven days at a rate of 0.63 percent.

  • will start selling Nokia's two latest Lumia smartphones in November, making it the first carrier to commit to the devices in the United States. Struggling Finnish handset maker Nokia announced earlier it would start selling the smartphones in Europe in November with specific price points.

  • TEXT-S&P rates 2012-LTRT certificates Thursday, 4 Oct 2012 | 4:22 PM ET

    --COMM 2012- LTRT's issuance is a CMBS transaction backed by two commercial mortgage loans totaling $259 million secured by two regional shopping malls: Westroads Mall and Oaks Mall. Westroads Mall is located in Omaha, Neb., with total mall square footage of 1.07 million; 540,304 sq. ft. of which serves as loan collateral.

  • Higher-end retailers like Bloomingdale's, Saks Fifth Avenue and Nordstrom are also dangling bonus dollars in front of their customers and tying them to store credit cards, says Mary Delk, director in the retail practice of the consultancy Deloitte LLP in Charlotte, North Carolina.

  • Oct 4- General Electric Co on Thursday issued its second directive this week for an inspection of its new GEnx engine on Boeing Co jets, this time telling airlines to check the installation of a turbine part, after an engine failed on a Boeing 747-8 freighter last month in Shanghai.

  • *Publishers can choose not to participate in Google project. *Deal does not affect Google's litigation with Author's Guild. Google and the Association of American Publishers said on Thursday that U.S. publishers can decide whether they want their books made available through Google or not.

  • After CFTC loss in court, limits battle could drag on Thursday, 4 Oct 2012 | 4:18 PM ET

    Oct 4- The Commodity Futures Trading Commission's battle to impose position limits intended to keep speculators from manipulating prices could drag on until at least 2014, after it lost a lawsuit last week.

  • *Next report, for October, just before Election Day. WASHINGTON, Oct 4- President Barack Obama has survived months of lackluster reports on the nation's unemployment with little effect on his approval ratings or his poll lead over Republican rival Mitt Romney, but that could change on Friday.

  • News Summary: Drought crushes Hawaii beef industry Thursday, 4 Oct 2012 | 4:16 PM ET

    ALOHA BEEF: Nearly all the beef consumed in Hawaii arrives from the mainland, while Hawaiian cattle ranchers ship 40,000 live cattle each year to the mainland.