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  • Dutch bank pulls out of cycling sponsorship Friday, 19 Oct 2012 | 9:48 AM ET

    THE HAGUE, Netherlands-- Dutch bank Rabobank is ending its long sponsorship of professional cycling, saying "the trust in the cycling world has gone" following the publication of the U.S. Anti-Doping Agency's report on Lance Armstrong. The bank said Friday it will halt sponsorship of its men's and women's professional teams at the end of 2012 after 17 years.

  • Weakness from Microsoft, Google rattle markets Friday, 19 Oct 2012 | 9:41 AM ET

    Microsoft and McDonald's are leading a broad decline in the stock market after both companies posted sub-par results for the third quarter. Microsoft's income fell 22 percent as PC sales took a dive and as troubles in Europe took their toll. McDonald's profit fell 4 percent as a strong dollar hurt international results.

  • Ingersoll-Rand 3Q net income soars Friday, 19 Oct 2012 | 9:26 AM ET

    NEW YORK-- Ingersoll-Rand PLC said Friday its third-quarter net income more than tripled, helped by easy comparisons to a prior-year quarter hurt by charges related to the sale of a business.

  • Schlumberger profit up on international strength Friday, 19 Oct 2012 | 9:24 AM ET

    HOUSTON-- Schlumberger's exposure to global markets separated it from the pack as the world's biggest oilfield service company posted a 10 percent jump in net income during the third quarter.

  • UK court: Dead soldiers' families can sue gov't Friday, 19 Oct 2012 | 9:23 AM ET

    LONDON-- The families of several British soldiers who were killed in Iraq can sue their government for negligence, a court ruled Friday. The High Court backed the families last year, but the Ministry of Defense appealed. On Friday the Court of Appeal agreed with the previous ruling that the families can sue the government for damages on negligence grounds.

  • Spanish unions call general strike for Nov 14 Friday, 19 Oct 2012 | 9:20 AM ET

    MADRID-- Spain's main trade unions on Friday called a general strike for Nov. 14, coinciding with similar demonstrations in Portugal and Greece, to protest government-imposed austerity measures and labor reforms. The Workers' Commissions and General Workers' unions called the general strike _ the second to be held in Spain this year.

  • Oil slightly higher after Canada-US pipeline shut Friday, 19 Oct 2012 | 9:14 AM ET

    By early afternoon in Europe, benchmark crude for November delivery was up 36 cents to $92.46 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, which many U.S. refiners use to make gasoline, was up 40 cents to $112.82 a barrel on the ICE Futures exchange in London.

  • TV show 'Homeland' irks Lebanese, Israelis Friday, 19 Oct 2012 | 8:55 AM ET

    Showtime series "Homeland," is supposed to be Beirut. But it is really in Israel, a country similar enough in some areas to stand in for Lebanon, yet a world away in most other respects. And in Israel, some are peeved that Haifa and even Tel Aviv _ a self-styled nightlife capital and high-tech hub _ apparently appear, to outsiders at least, to be Middle Eastern after all.

  • Spanish union calls general strike for Nov 14 Friday, 19 Oct 2012 | 8:25 AM ET

    MADRID-- Spain's Workers' Commissions union has called a general strike for Nov. 14, coinciding with similar protests in Portugal and Greece. Union spokesman Fernando Lezcano said it would be the first ever joint general strike in Iberian neighbors Spain and Portugal.

  • 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.

  • Russia could lower its stake in oil giant Rosneft Friday, 19 Oct 2012 | 8:18 AM ET

    MOSCOW-- Russia's Deputy Prime Minister Igor Shuvalov says the government might sell some of its shares in state-owned oil giant Rosneft. The Russian government owns about 75 percent of Rosneft and has been planning to lower its stake to 50 percent plus one share.

  • Stronger dollar hurts McDonald's 3Q results Friday, 19 Oct 2012 | 8:17 AM ET

    NEW YORK-- Tough competition in the U.S. and the weakening economy abroad was a double whammy for McDonald's in the third-quarter, sending the burger chain's net income down nearly 4 percent.

  • Ill. Amtrak train set to hit 110 mph in test run Friday, 19 Oct 2012 | 7:54 AM ET

    CHICAGO-- In a modest milestone for President Barack Obama's high-speed rail vision, test runs will start zooming along a small section of the Amtrak line between Chicago and St. Louis at 110 mph Friday. Transportation Secretary Ray LaHood and Illinois Gov.

  • STORY REMOVED: BC-EU--Italy-Berlusconi Friday, 19 Oct 2012 | 7:53 AM ET

    MILAN-- The Associated Press has withdrawn its story about Italy's Silvio Berlusconi in a Milan court today. Background in the story erroneously stated that former Egyptian President Hosni Mubarak was dead. Another Italy-Berlusconi story will be filed.

  • In court, Berlusconi denies sex with Moroccan teen Friday, 19 Oct 2012 | 7:26 AM ET

    MILAN-- Silvio Berlusconi made a rare court appearance Friday to deny some of the more salacious accusations at the center of a sex scandal in Italy that has muddied his reputation. Berlusconi's declaration was spontaneous, a practice that Italy allows defendants and which does not have the weight of testimony.

  • Baker Hughes 3Q net income drops, revenue falls Friday, 19 Oct 2012 | 6:58 AM ET

    HOUSTON-- Weak activity in North America and the falling number of operating rigs in the worldwide drove third-quarter net income down by 61 percent at Baker Hughes. "Activity was less than planned in several key geomarkets for Baker Hughes, resulting in an unfavorable mix," said CEO Martin Craighead. "

  • UK fines Bank of Scotland for faulty mortgage data Friday, 19 Oct 2012 | 6:28 AM ET

    LONDON-- Britain's financial regulator has imposed a fine of 4.2 million pounds on a unit of Lloyds Banking Group for having inaccurate mortgage records for 250,000 customers.

  • Euro banking deal fails to impress markets Friday, 19 Oct 2012 | 6:10 AM ET

    Microsoft also disappointed with its latest update, contributing to a broad retreat in technology stocks, as did McDonald's and General Electric. By the time markets closed in Europe, Germany's DAX was down 0.8 percent at 7,380 while the CAC-40 in France fell 0.9 percent to 3,504. The FTSE 100 index of leading British shares was 0.3 percent lower at 5,896..

  • Starbucks opens first India store in Mumbai Friday, 19 Oct 2012 | 6:09 AM ET

    MUMBAI, India-- Starbucks inaugurated its first store in India Friday in a historic building in southern Mumbai as the Seattle- based coffee giant seeks growth in a market long associated with tea drinkers. After over six years of studying the local market, Starbucks is making a rapid-fire entry into Asia's third-largest economy.

  • Oil down slightly ahead of EU summit conclusion Friday, 19 Oct 2012 | 5:17 AM ET

    BANGKOK-- Oil prices fell slightly Friday as traders awaited the end of a two-day European Union summit on shoring up the region's stricken banks. Benchmark crude for November delivery was down 12 cents to $91.98 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.