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  • US count up 4 to 1,839 rigs exploring for oil, gas Friday, 19 Oct 2012 | 2:51 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,410 rigs were exploring for oil and 427 were searching for gas. A year ago, Baker Hughes listed 2,013 rigs. Of the major oil- and gas-producing states, Alaska gained five rigs while Arkansas, Colorado and North Dakota rose by two each.

  • Texas' high court upholds franchise tax Friday, 19 Oct 2012 | 2:31 PM ET

    AUSTIN, Texas-- The Texas Supreme Court on Friday upheld the state's much-maligned business tax that provides the second-biggest source of general revenue, preserving current rules for now before lawmakers potentially overhaul the law next year.

  • States' Jobs Picture Improves: Behind the Numbers Friday, 19 Oct 2012 | 1:52 PM ET

    In a sharp turnaround, most states saw their unemployment rates drop in September.

  • Pair of analysts cut Advanced Micro Devices rating Friday, 19 Oct 2012 | 1:36 PM ET

    NEW YORK-- Shares of Advanced Micro Devices dropped to their lowest point in more than three years on Friday as a pair of analysts downgraded the chipmaker after it announced it will cut nearly 1,800 jobs by the end of the year to reduce spending in the face of dwindling sales.

  • Enrollment falling at for-profit colleges Friday, 19 Oct 2012 | 1:36 PM ET

    When the University of Phoenix, the country's largest university, announced this week it's closing 115 campuses and satellite locations, it signaled more than a sudden availability of commercial real estate near highway interchanges, where for-profit colleges like to set up shop as a student convenience.

  • Illinois Amtrak train hits 110 mph in test run Friday, 19 Oct 2012 | 1:08 PM ET

    JOLIET, Ill.-- An Amtrak passenger train has reached a speed of 110 mph for the first time in Illinois. The five-car, two-locomotive train zipped through the central Illinois countryside, hitting its high speed between the towns of Dwight and Pontiac.

  • California jobless rate tumbles to 10.2 percent Friday, 19 Oct 2012 | 1:00 PM ET

    SACRAMENTO, Calif.-- California's jobless rate fell to from 10.6 to 10.2 percent in September in what may be the largest drop in 36 years, the state announced Friday. The numbers from the Employment Development Department show the largest tumble in the monthly unemployment rate since 1976, said Kevin Callori, a spokesman for the department.

  • AAA says Arizona gas prices up slightly Friday, 19 Oct 2012 | 10:52 AM ET

    PHOENIX-- As the national average for a gallon of gas has decreased, Arizona prices remain about the same, up. 2 cents to $3.71 per gallon since last week. Tucson and Flagstaff have the lowest and highest state fuel averages, at $3.47 and $3.90 per gallon, respectively.

  • Amgen Q3 report focuses on pipeline, Kai purchase Friday, 19 Oct 2012 | 10:51 AM ET

    TRENTON, N.J.-- Amgen Inc., the world's biggest biotech company, will update on progress on its experimental drugs when it reports its third-quarter results after the stock market closes Tuesday. He'll also mention the latest product approval for Amgen, based in Thousand Oaks, Calif..

  • Go big or go home: Jason Aldean sets stadium shows Friday, 19 Oct 2012 | 10:50 AM ET

    The hard-rocking country music star made a whirlwind run around the eastern U.S. on Thursday, announcing shows at Boston's Fenway Park, Chicago's Wrigley Field and on the University of Georgia campus in the space of 12 hours. Aldean will make the first appearance by a country music performer at Fenway Park, home of the Boston Red Sox.

  • Experts, travelers say fear of flying is treatable Friday, 19 Oct 2012 | 9:50 AM ET

    NEW YORK-- Earlier this month, NBA rookie Royce White disclosed that he is afraid to fly and said he expects to travel by bus to play in at least some of the basketball games for his team, the Houston Rockets.

  • Ahead of the Bell: SanDisk up in premarket trading Friday, 19 Oct 2012 | 9:26 AM ET

    NEW YORK-- Shares of SanDisk Corp. advanced in premarket trading Friday after the maker of flash-memory chips posted stronger-than-expected results for the third quarter. SanDisk's earnings and revenue declined due to lower demand for its memory chips from gadget makers.

  • ISIS shares up after positive FDA panel review Friday, 19 Oct 2012 | 9:24 AM ET

    The FDA is not required to follow the committee's advice, though it often does. In its review posted ahead of the meeting, the FDA said Kynamro was linked to both benign and cancerous tumors. Jefferies analyst Eun Yang expects "very limited use of Kynamro if approved," due to the safety concerns brought up at the FDA meeting.

  • Ahead of the Bell: Marvell Tech falls on outlook Friday, 19 Oct 2012 | 9:22 AM ET

    NEW YORK-- Marvell Technology Group Ltd.' s stock tumbled nearly 10 percent in premarket trading Friday after the computer chip maker cut its fiscal third-quarter revenue forecast, citing weakness in the personal computer market, and said its chief financial officer resigned.

  • Ahead of the Bell: Google inches up after shocker Friday, 19 Oct 2012 | 9:16 AM ET

    NEW YORK-- Shares of Google Inc. perked up in premarket trading Friday as analysts soothed investors shocked by an earnings report that dropped prematurely on Thursday. Google was supposed to release its report after the market closed Thursday, but they leaked prematurely, setting off the stock plunge.

  • Skywalk case goes before federal appellate court Friday, 19 Oct 2012 | 9:15 AM ET

    SAN FRANCISCO-- A Las Vegas developer has been bounced between tribal and federal court in an effort to protect his financial interest in the Grand Canyon Skywalk, a popular glass bridge that extends from the canyon's edge on tribal land in western Arizona.

  • Retired deputy has 2nd career probing dog attacks Friday, 19 Oct 2012 | 9:12 AM ET

    JACKSONVILLE, Fla.-- Two Rottweilers killed an 83- year-old man in Alabama. A two-day old infant was mauled to death in Pennsylvania. A two-year-old girl died after she was bitten by a pit bull in West Virginia.

  • Waldorf Astoria collects stolen hotel property Friday, 19 Oct 2012 | 9:09 AM ET

    NEW YORK-- Three small, silver spoons elegantly engraved with the words "Waldorf Astoria" have come full circle: Stolen eight decades ago by an employee of the famed hotel, they passed through two Brooklyn homes and another three in New Jersey.

  • Calif., other states take part in earthquake drill Friday, 19 Oct 2012 | 8:19 AM ET

    Organizers said some 14 million people, including 9.3 million in California, signed up to participate. The drill was held in some Western and southeastern states, as well as Guam, Puerto Rico and parts of Canada and Italy.

  • Gunman kills 3, self in Florida salon shooting Friday, 19 Oct 2012 | 8:14 AM ET

    CASSELBERRY, Fla.-- A gunman opened fire at a central Florida beauty salon Thursday, killing three women and wounding the manager, who had asked for a restraining order against him, police said.