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  • California Cities in 'Conga Line' For Fiscal Trouble Wednesday, 3 Oct 2012 | 2:06 PM ET
    Stockton, California

    Which California city will go bankrupt next?  It could be the city of Atwater, where civic leaders will vote Wednesday night on declaring a fiscal emergency. 

  • Novelist Helprin spins a good yarn in life and art Wednesday, 3 Oct 2012 | 1:58 PM ET

    * "In Sunlight and In Shadow" focuses on old New York. NEW YORK, Oct 3- Listening to novelist and political commentator Mark Helprin recount his life is a bit like listening to Forrest Gump- an eloquent, New York- born Forrest Gump. It matches his previous novels in scope and length and carries on the author's fascination with old New York.

  • U.S. West Nile outbreak likely to be second-worst -CDC Wednesday, 3 Oct 2012 | 1:53 PM ET

    Oct 3- The outbreak of West Nile virus that has hit Texas and other states remains on pace to make 2012 the second-worst year on record for the disease in the United States, with another 424 cases and 16 deaths reported last week, government figures showed on Wednesday.

  • Barber becomes sole CEO of MGM movie studio Wednesday, 3 Oct 2012 | 1:39 PM ET

    LOS ANGELES-- Metro-Goldwyn-Mayer Inc., the movie studio that is co-financing the upcoming James Bond film, "Skyfall," said Wednesday that Gary Barber will be the sole chairman and CEO of the studio, as Roger Birnbaum moves to the role of producer after sharing the MGM leadership role for almost two years.

  • Oct 3- Alere Inc said it reached an agreement with U.S. health regulators on product specifications related to the manufacture of its diagnostic test for critical disease.

  • Unemployment falls in nearly 90 pct. of US cities Wednesday, 3 Oct 2012 | 1:29 PM ET

    WASHINGTON-- Unemployment rates fell in August in nearly 90 percent of large U.S. metro areas, mainly because more people gave up looking for work. The Labor Department said Wednesday that unemployment rates dropped in 329 large cities, the most in four months.

  • SAN FRANCISCO, Oct 3- Hewlett-Packard offered a 2013 earnings outlook on Wednesday that underscored slow progress on CEO Meg Whitman's turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.

  • California's Fourth Muni Bankruptcy   Wednesday, 3 Oct 2012 | 11:45 AM ET
    California's Fourth Muni Bankruptcy

    A fiscal emergency is considered the first step towards Chapter 9, said CNBC's Jane Wells, reporting on whether Atwater, California will become the fourth town to declare bankruptcy in the state.

  • Me and My Money-Macy Gray Wednesday, 3 Oct 2012 | 11:30 AM ET

    CHICAGO, Oct 3- Ask Macy Gray about her net worth, and the Grammy-winning R&B singer and songwriter is not sure- though she is perfectly willing to help out with a little online research. exclaims Gray, 45, an Ohio native who calls Los Angeles home. " It says here I'm worth $38 million.

  • The Spy Who Loved Video Games: 5 famous Bond games Wednesday, 3 Oct 2012 | 11:24 AM ET

    LOS ANGELES-- James Bond hasn't been sipping martinis and firing his Walther in the game world for nearly as long as he has in movie theaters, but the gadget-loving secret agent's nearly 30- year history spanning more than 20 video games is almost unmatched in Hollywood, where video game tie-ins with the latest blockbusters are commonplace nowadays.

  • Bond movies have beat do-or-die odds for 50 years Wednesday, 3 Oct 2012 | 11:16 AM ET

    LOS ANGELES-- Over the last 50 years, the owners of the James Bond movie franchise have had heart-stopping crises as thrilling as the ones that face their fictional secret agent. "Cubby used to say, `This is the goose that laid the golden egg, keep it safe,'" said Broccoli's youngest daughter, Barbara, now the series' co-producer, in a phone interview from London. "

  • Shares of Rigel Pharma fall on stock offering Wednesday, 3 Oct 2012 | 11:15 AM ET

    SOUTH SAN FRANCISCO, Calif.-- Drug developer Rigel Pharmaceuticals Inc. said it priced its public offering of 13.7 million shares of its common stock at $9.50 per share. The South San Francisco, Calif.- based company said it expects the offering's gross proceeds to total about $130 million, before deducting underwriting discounts, commissions, and other expenses.

  • New Ohio casino tests facility with demo day Wednesday, 3 Oct 2012 | 10:58 AM ET

    COLUMBUS, Ohio-- The casino set to open Monday in Ohio's capital is testing its operations with an invitation-only demonstration day. The $400 million Hollywood Casino Columbus says proceeds from Wednesday's games will go to five local nonprofit organizations.

  • Plan calls for shuttering part of PNM power plant Wednesday, 3 Oct 2012 | 10:51 AM ET

    ALBUQUERQUE, N.M.-- Months of wrangling over the best way to curb pollution from a PNM Resources Inc. coal-fired power plant that serves more than 2 million customers in the Southwest have given way to a proposal that could see New Mexico transition to cleaner sources of energy to meet its electricity demands.

  • Biolase shares soar as dental laser device gets approval Wednesday, 3 Oct 2012 | 10:48 AM ET

    Oct 3- Biolase Inc said health regulators in Europe and the United States granted approval for its laser device Epic 10 for use in soft tissue dental surgery and other procedures, sending its shares up as much as 34 percent.

  • INSTANT VIEW 5-U.S. service sector picks up in Sept-ISM Wednesday, 3 Oct 2012 | 10:20 AM ET

    PAUL EDELSTEIN, ECONOMIST, IHS GLOBAL INSIGHT, LEXINGTON, MASSACHUSETTS. But exports orders fell again given what's happening in Europe and China and employment also slowed from August. If things don't deteriorate further in Europe and China, we should avoid a recession but the economy will not expand fast enough to create more job growth. "

  • INSTANT VIEW 4-U.S. service sector picks up in Sept-ISM Wednesday, 3 Oct 2012 | 10:17 AM ET

    NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday. STEVEN WOOD, CHIEF ECONOMIST, INSIGHT ECONOMICS, DANVILLE, CALIFORNIA. THOMAS DI GALOMA, MANAGING DIRECTOR, NAVIGATE ADVISORS, STAMFORD, CONNECTICUT.

  • Ohio jobs-agency boss leaving for private sector Wednesday, 3 Oct 2012 | 9:52 AM ET

    John Kasich for a dollar to help jump-start Ohio's job-creation efforts is leaving his state management job and returning to the private sector. Mark Kvamme will resign as president and interim chief investment officer of JobsOhio effective Nov. 1, board Chairman Jim Boland announced Tuesday.

  • US begins flying home deported Mexicans Wednesday, 3 Oct 2012 | 9:12 AM ET

    SAN DIEGO-- The U.S. government began flying Mexican deportees home on Tuesday in a two-month experiment aimed at relieving Mexican border cities overwhelmed by large numbers of people ordered to leave the United States, some who fall prey to criminal gangs.

  • Labor standoffs silence orchestras in Minn., Ind. Wednesday, 3 Oct 2012 | 8:57 AM ET

    MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians based outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the performers' average salary by $46,000 a year.