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  • Oct 12- Nationwide Mutual Insurance Co said it will pay $26 million to settle a class action and derivative lawsuit related to its $760 million acquisition of Harleysville Mutual. The litigation brought on behalf of former Harleysville Mutual policyholders claimed that Harleysville's directors enriched themselves as part of the merger.

  • Rating Action On Sept. 21, 2012, Standard& Poor's Ratings Services affirmed its' Api' counterparty credit and financial strength ratings on Erie Family Life Insurance Co.. Erie is a Pennsylvania life insurance company formed in 1967 and licensed to do business in 10 states and the District of Columbia. Erie Family Life Insurance Co..

  • Fried chicken, comfort food, gets star turn in NYC Friday, 12 Oct 2012 | 9:31 AM ET

    NEW YORK-- Fried chicken, that mainstay of comfort food, is getting the star treatment. Whoopi Goldberg was one of the event's co-hosts. He told The Associated Press on Thursday that he was planning to open a restaurant that would be serving fried chicken and other comfort food in New York City at the end of January 2013.

  • Penn Virginia expects $38M in offering's proceeds Friday, 12 Oct 2012 | 9:15 AM ET

    RADNOR, Pa.-- Oil and gas company Penn Virginia Corp. expects about $38 million in net proceeds from a public offering of $40 million of its common stock. Penn Virginia said that it also expects to net approximately $96 million from its preferred equity offering, after removing underwriting commissions and expenses.

  • 3 developers vie for Springfield, Mass., casino Friday, 12 Oct 2012 | 8:42 AM ET

    BOSTON-- Three companies seeking to develop a resort casino in Springfield submitted applications Thursday to the western Massachusetts city, and a fourth that had previously expressed interest declined to enter the competition.

  • Republican groups turning focus to House races Friday, 12 Oct 2012 | 8:20 AM ET

    Outside groups have spent about $60 million trying to help GOP candidates since June 1 and about $49 million trying to help out Democratic candidates, according the Sunlight Foundation.

  • NEW YORK, Oct 12- U.S. stock index futures advanced on Friday, indicating the S&P 500 may crimp its worst weekly decline since early June, following a robust earnings report from JP Morgan and ahead of data on consumer confidence and inflation. But Wells Fargo& Co lost 1.8 percent to $34.55 in premarket trading after reporting its third-quarter results.

  • Vice President Joe Biden and his Republican rival, Paul Ryan, faced off on Thursday in their only debate before the Nov. 6 presidential election. Here is some fact-checking of claims made by the candidates. RYAN: ECONOMIC GROWTH IS SLOWER NOW.

  • By John Whitesides and Andy Sullivan. Vice President Joe Biden leaped to the attack against Republican challenger Paul Ryan in a lively debate on Thursday, aggressively defending the Obama administration's economic and foreign policies to try to regain momentum in the White House race.

  • The Pleasanton, California- based company, considered a leader in the cloud computing sector, opened New York Stock Exchange trading at $48.05 and reached as high as $49.21 after pricing shares above the expected range at $28.00. Duffield and Bhusri left PeopleSoft following its acquisition by Oracle Corp in 2004..

  • The Pleasanton, California- based company, considered a leader in the cloud computing sector, opened New York Stock Exchange trading at $48.05 and reached as high as $49.21 after pricing shares above the expected range at $28.00. Duffield and Bhusri left PeopleSoft following its acquisition by Oracle Corp in 2004..

  • Market flatlines, pulled by jobless claims, Europe Thursday, 11 Oct 2012 | 4:30 PM ET

    The Dow Jones industrial average rose as much as 83 points, shrugging off a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. "There's not a lot to move the market today," said Erik Davidson, deputy chief investment officer of Wells Fargo Private Bank in San Francisco. "

  • American Airlines stumbles on path to recovery Thursday, 11 Oct 2012 | 3:57 PM ET

    DALLAS-- Just weeks ago, American Airlines was working its way through bankruptcy court, on schedule for one of the fastest turnarounds in aviation history. Then seemingly overnight, American became the butt of jokes from Facebook to late-night TV. "American Airlines has a new slogan," Jay Leno joked on NBC's "The Tonight Show."

  • *Wal-Mart lines up 6 major health centers for procedures. *Wal-Mart has covered transplants since 1996 By Jessica Wohl.

  • TEXT-S&P revises PQ Corp outlook to stable Thursday, 11 Oct 2012 | 3:40 PM ET

    --Specialty chemical producer PQ Corp. plans to redesignate as restricted subsidiaries, Potters Holdings II L.P. and its subsidiaries. --PQ Corp. plans to refinance all debt at PQ and Potters using proceeds from proposed debt issuance. Rating Action On Oct. 11, 2012, Standard& Poor's Ratings Services revised its outlook on PQ Corp. to stable from negative.

  • Penn National unveils casino plan in Mass. Thursday, 11 Oct 2012 | 3:04 PM ET

    Penn National Gaming Inc. said on Thursday it was seeking to build an $807 million resort casino and hotel on a parcel that is now home to a newspaper and a bus terminal.

  • Latest U.S. jobs report shows progress -Fed's Plosser Thursday, 11 Oct 2012 | 2:16 PM ET

    AVONDALE, Penn., Oct 11- The September U.S. employment report was "mostly good news" that shows some progress, though the labor market still has a long way to go, Charles Plosser, president of the Philadelphia Federal Reserve Bank, said on Thursday.

  • NJ firm planning gas-fueled power plant in Pa. Thursday, 11 Oct 2012 | 1:44 PM ET

    NEW CASTLE, Pa.-- A New Jersey firm has plans to build a 900 megawatt, $750 million natural gas-fired power plant in western Pennsylvania. LS Power, which has offices in East Brunswick, N.J. and St. Louis says the plant in North Beaver Township, Lawrence County, will be fueled from gas drawn from a pipeline out of Tennessee.

  • Plosser worries US Fed could face losses on assets Thursday, 11 Oct 2012 | 1:32 PM ET

    AVONDALE, Penn., Oct 11- When the U.S. Federal Reserve eventually begins to sell some of the assets it has accumulated over the last few years it risks logging losses if longer-term interest rates are rising, a top central bank official said on Thursday.

  • Tom Hanks to make his Broadway debut next year Thursday, 11 Oct 2012 | 1:31 PM ET

    NEW YORK-- Tom Hanks will play a gutsy New York City newspaper columnist when he makes his debut on Broadway in the spring. Previews begin March 1 at the Broadhurst Theatre and an opening night is set for April 1.

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