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  • NYC mayor to spend $10M for moderate candidates Thursday, 18 Oct 2012 | 10:26 AM ET

    NEW YORK-- Mayor Michael Bloomberg will spend at least $10 million of his personal fortune promoting moderate candidates around the country in the final weeks before Election Day, he announced Wednesday, adding himself to the list of wealthy Americans pouring millions of dollars into the 2012 election.

  • Stocks wobble after Amex earnings, jobless claims Thursday, 18 Oct 2012 | 10:23 AM ET

    NEW YORK-- The stock market headed slightly lower on Thursday, following a leap in claims for unemployment benefits and weak results from American Express. The increase suggested that layoffs were increasing, however the Labor Department noted that there were technical reasons behind the swing, mainly delayed figures from one large state, California.

  • AP PHOTOS: The most charitable stars Thursday, 18 Oct 2012 | 10:22 AM ET

    LOS ANGELES-- Celebrity charity work has been around as long as celebrity itself. "Beethoven was doing charity concerts," says Myrlia Purcell, founder of LooktotheStars.org, a website that tracks celebrity charity events around the world. Good thing Annie Lennox is around.

  • Benefits can flow both ways at celeb charity galas Thursday, 18 Oct 2012 | 10:19 AM ET

    LOS ANGELES-- The Beverly Hilton's International Ballroom will soon be filled with flowers, chiffon, fine china and crystal stemware for a starry black-tie ball costing couples as much as $20,000 to attend.

  • Humane Society hatches bid to unseat Iowa lawmaker Thursday, 18 Oct 2012 | 10:07 AM ET

    Steve King of Iowa has little use for the Humane Society, particularly when it comes to laws designed to give calves, pregnant sows and hens a little more freedom on the farm.

  • LA judge dismisses lawsuit against magazine Thursday, 18 Oct 2012 | 10:00 AM ET

    LOS ANGELES-- A Los Angeles judge has dismissed a defamation lawsuit brought by former UCLA player Reeves Nelson against Time Inc., the parent company of Sports Illustrated, and a reporter who wrote a story about problems in the school's basketball program.

  • Cypress posts lower 3Q profit, revenue Thursday, 18 Oct 2012 | 9:46 AM ET

    SAN JOSE, Calif.-- Microchip maker Cypress Semiconductor Corp.' s third-quarter net income fell 64 percent as revenue dropped, but called the results a "good quarter in tough times." The company said Thursday that it earned $14.3 million, or 9 cents per share, in the July-September period.

  • LA County assessor arrested in corruption case Thursday, 18 Oct 2012 | 8:54 AM ET

    LOS ANGELES-- Los Angeles County assessor John Noguez, a top aide and a campaign contributor were arrested Wednesday as part of an investigation into influence peddling and slashing of property taxes for political allies. "Instead of acting in the best interest of the citizens of Los Angeles County, he turned his back on them," Cooley said.

  • Dem convention used corporate cash, despite pledge Thursday, 18 Oct 2012 | 8:49 AM ET

    RALEIGH, N.C.-- The Democratic National Convention relied on at least $5 million in corporate donations, despite repeated pledges by top party officials only to use money raised from individuals.

  • Dutch art thieves were no 'Ocean's 11' team Thursday, 18 Oct 2012 | 8:41 AM ET

    AMSTERDAM-- In Hollywood movies, heists usually feature criminals who plan meticulously and use high-tech equipment to avoid detection. But the thieves who snatched seven paintings by Picasso, Matisse and Monet worth millions from a gallery in Rotterdam appear to have taken a less glamorous approach, relying mostly on speed and brute force.

  • 'Forbidden Broadway' extends its run until April Thursday, 18 Oct 2012 | 8:40 AM ET

    John Freedson, a producer of the off- Broadway musical revue that hilariously tweaks Broadway shows and stars, said Wednesday that its run will be extended through April 28.

  • US unemployment aid applications jump to 388K Thursday, 18 Oct 2012 | 8:33 AM ET

    WASHINGTON-- Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The four-week average of applications, a less volatile measure, rose slightly to 365,500, the Labor Department said Thursday.

  • Ahead of the bell: High hopes for Google's 3Q Thursday, 18 Oct 2012 | 6:35 AM ET

    SAN FRANCISCO-- Google Inc.' s third-quarter earnings should reveal whether investors' recently rejuvenated optimism about the Internet search leader's growth prospects is justified.

  • Isis trading halts as FDA reviews key drug's risks Thursday, 18 Oct 2012 | 12:58 AM ET

    Drug developer Isis Pharmaceuticals Inc. and partner Genzyme said Thursday a panel of advisers to the Food and Drug Administration had voted 9 to 6 to recommend approval of Kynamro, for treating patients genetically predisposed to have sky-high LDL, or bad cholesterol. The FDA is not bound to follow recommendations of its advisers, but usually does so.

  • GM wins dismissal of lawsuit over Einstein image Thursday, 18 Oct 2012 | 12:43 AM ET

    DETROIT-- A federal judge in California has dismissed a lawsuit challenging the use of Albert Einstein's image in a magazine ad by General Motors. The Detroit News says the Hebrew University of Jerusalem filed the lawsuit against GM. Information from: The Detroit News, http://detnews.com/.

  • BioTime makes offer for Geron stem cell assets Thursday, 18 Oct 2012 | 12:36 AM ET

    In a letter to Geron shareholders, BioTime suggests two deals that would form a new publicly traded company owning Geron's stem cell assets with some of BioTime's. It said Geron could have a stake of up to 45 percent in the company, which would also hold $40 million in BioTime stock along with shares of some BioTime stem cell subsidiaries.

  • Dollar rises after mixed US economic data Thursday, 18 Oct 2012 | 12:15 AM ET

    That's a sign layoffs are increasing, but the Labor Department said that there were technical reasons behind rise, such as delayed figures from California. The Federal Reserve Bank of Philadelphia says that manufacturing in the Philadelphia region expanded in October after five months of declines.

  • Shocking! Famed fashion house Schiaparelli revived Thursday, 18 Oct 2012 | 12:08 AM ET

    PARIS-- Shoe hats, lobster dresses, and spiraling goggle glasses could easily be part of a closet inventory belonging to Lady Gaga. The house of the influential fashion designer, and hated rival of Coco Chanel, is being revived this fall, in one of the most highly anticipated fashion events of 2012 in Paris.

  • Average debt up again for new college grads Thursday, 18 Oct 2012 | 12:02 AM ET

    It's the latest snapshot of the growing burden of student debt and it's another discouraging one: Two-thirds of the national college class of 2011 finished school with loan debt, and those who borrowed walked off the graduation stage owing on average $26,600 _ up about 5 percent from the class before.

  • Judge sides with DC Comics in fight over Superman Wednesday, 17 Oct 2012 | 8:48 PM ET

    The ruling means that DC Comics and its owner Warner Bros. will retain all rights to continue using the character in books, films, television and other mediums, including a the film reboot planned for next year.