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  • American Airlines: Key revenue number rises Monday, 8 Oct 2012 | 11:26 AM ET

    DALLAS-- American Airlines parent AMR Corp. said Monday that a key revenue measure rose 4 percent in September although traffic declined as the carrier struggled with widespread flight delays and cancellations. American's improvement in the revenue statistic beat the results of several other large U.S. airlines.

  • Lockheed Martin reorganizing, cutting 200 jobs Monday, 8 Oct 2012 | 11:10 AM ET

    BETHESDA, Md.-- Lockheed Martin is reorganizing a portion of its business and cutting about 200 jobs. Lockheed Martin Corp. previously announced that Marillyn Hewson, who currently leads the electronic systems division, will become president and chief operating officer on Jan. 1. Kubasik will become the CEO of Lockheed Martin at the start of the new year.

  • WASHINGTON, Oct 8- The largest U.S. weapons maker, Lockheed Martin Corp, said it plans to split its electronic systems business into two separate operations focused on missiles and training, a move it said would save $50 million and eliminate 200 jobs.

  • *Marathon to purchase refinery for $598 million. Oct 8- Marathon Petroleum Corp struck a deal to buy BP's Texas City refinery and related infrastructure for up to $2.5 billion, a purchase that would make Marathon the fourth-largest refiner in the United States.

  • Soda industry: Vending machines will show calories Monday, 8 Oct 2012 | 10:08 AM ET

    "They're seeing the writing on the wall and want to say that it's corporate responsibility," said Mike Jacobson, executive director of the Center for Science in the Public Interest, which advocates for food safety and nutrition.

  • UPDATE-Marathon to buy BP's Texas City refinery Monday, 8 Oct 2012 | 9:32 AM ET

    *Marathon to purchase refinery for $598 million* Inventory worth around $1.2 billion* Marathon could pay up to another $700 mln over 6 years. Marathon Petroleum's shares rose to $56.38 in pre-market trading, after closing on Friday on the New York Stock Exchange at $54.87.

  • BP sells Texas City refinery to Marathon Petroleum Monday, 8 Oct 2012 | 9:31 AM ET

    NEW YORK-- BP has finally found a buyer for its Texas City refinery, one of the largest and most complex in the U.S. Marathon Petroleum Corp. will pay only $598 million for the refinery itself and other nearby pipelines and fuel terminals. The Texas City refinery has a troubled history.

  • Soda industry: New vending machines show calories Monday, 8 Oct 2012 | 9:30 AM ET

    NEW YORK-- As criticism over sugary sodas intensifies, the beverage industry is rolling new vending machines that display just how many calories are in its drinks. The vending machines will launch in Chicago and San Antonio municipal buildings in 2013 before rolling out nationally.

  • GM hiring 1,500 for computer center near Detroit Monday, 8 Oct 2012 | 9:24 AM ET

    DETROIT-- General Motors plans to hire up to 1,500 workers to staff a new computer technology center outside Detroit. Last month the company announced it would hire 500 people for a center in Austin, Texas. But spokeswoman Julie Huston-Rough said most carmakers strike a balance between doing computer work in the company and hiring outside firms.

  • GM to add 1,500 information tech jobs in Michigan Monday, 8 Oct 2012 | 9:07 AM ET

    Oct 8- General Motors Co said on Monday it will create 1,500 jobs at a new software development center in Michigan as part of the U.S. automaker's previously announced plan to shift information technology work back into the company.

  • NEW YORK, Oct 8- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.

  • *Marathon to purchase refinery for $598 million. HOUSTON, Oct 8- Marathon Petroleum Corp struck a deal to buy BP Plc's Texas City refinery and related infrastructure for up to $2.5 billion, a purchase that will make Marathon the fourth-largest U.S. refiner and give it a bigger potential slice of the market for refined product exports.

  • *Most news cases in Michigan. The widening outbreak has alarmed U.S. health officials and focused attention on regulations of pharmaceutical compounding companies like the one that produced the drugs, the New England Compounding Center Inc in Framingham, Massachusetts.

  • *Most news cases in Michigan. The widening outbreak has alarmed U.S. health officials and focused attention on regulations of pharmaceutical compounding companies like the one that produced the drugs, the New England Compounding Center Inc in Framingham, Massachusetts.

  • *Ohio and Minnesota latest to report cases. The latest two deaths were reported on Saturday in Michigan, according to the U.S. Centers for Disease Control and Prevention. Other states with reported cases of people who fell ill after receiving the injections- primarily for back pain- are Michigan, Tennessee, Virginia, Florida, Maryland, North Carolina and Indiana.

  • NASHVILLE, Tenn., Oct 6- A widening outbreak of fungal meningitis has spread to Minnesota, which reported two cases to become the eighth U.S. state affected, officials said on Saturday.

  • WASHINGTON, Oct 5- Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth of fines to their states.

  • WASHINGTON, Oct 5- Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth of fines to their states.

  • Tulsa American Airlines plant to lay off 450 Friday, 5 Oct 2012 | 8:07 PM ET

    TULSA, Okla.-- About 450 mechanics and fleet service workers at American Airlines' Tulsa maintenance base will be laid off by February, the company and union officials announced Friday.

  • HOUSTON, Oct 5- The unprecedented surge in California's wholesale gasoline market this week has many hallmarks of a classic short squeeze, traders said on Friday, evoking a once common ploy in unregulated oil markets.