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  • EU leaders agree on bank supervisor Thursday, 18 Oct 2012 | 10:07 PM ET

    BRUSSELS-- European Union leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro _ without saying when it would become fully operational.

  • Fund manager: Plenty of reason to be cautious now Thursday, 18 Oct 2012 | 5:07 PM ET

    BOSTON-- The Appleseed Fund is unusual, and not just because of its strict socially-responsible investing mandate. One reason Morningstar analysts give the fund a bronze-medal rating is its nearly 7 percent average annualized return over five years, a period that includes the 2008 stock market meltdown.

  • Oil prices flat at $92 Thursday, 18 Oct 2012 | 4:48 PM ET

    U.S. benchmark crude eased 2 cents to finish at $92.10 a barrel. Brent crude, which many U.S. refiners use to make gasoline, fell 80 cents to $112.42 in London. China's economic news also offered a complicated outlook for oil demand.

  • Diplomats: EU chiefs agree on bank supervisor Thursday, 18 Oct 2012 | 4:27 PM ET

    BRUSSELS-- European Union leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro, and said it would "probably" become operational sometime next year. France has been pushing to get all 6,000 banks in the 17 euro countries under the supervision of one European body by the end of this year.

  • News Summary: Low expectations for Brussels summit Thursday, 18 Oct 2012 | 4:04 PM ET

    SCRAPPING: European Union leaders are tussling at a Brussels summit over how much power to cede to central authorities to ensure their debt crisis never repeats itself.

  • On The Call: Morgan Stanley CFO Ruth Porat Thursday, 18 Oct 2012 | 3:25 PM ET

    Morgan Stanley's clients are waiting on the fiscal cliff. Companies don't want to act until they know what's going to happen with the fiscal cliff, which is when higher taxes and lower government spending are supposed to kick in next year unless Congress can work out a compromise before then.

  • Pool's 3Q income slips on charge for UK business Thursday, 18 Oct 2012 | 3:09 PM ET

    COVINGTON, La.-- Pool Corp., a distributor of swimming pool and backyard supplies, said Thursday that its net income fell 12 percent in the third quarter on an impairment charge related to its U.K. business. Pool wrote down the value of its U.K. business by $6.9 million during the quarter.

  • Earnings roundup: Life Time, Briggs & Stratton Thursday, 18 Oct 2012 | 3:00 PM ET

    Among the earnings stories for Thursday, Oct. 18, from AP Business News:. _ Life Time Fitness Inc. said that its third-quarter profit rose 19 percent as more people joined its gyms and spent more money at them.

  • EBay shares climb after 'solid' 3Q results Thursday, 18 Oct 2012 | 2:45 PM ET

    NEW YORK-- Growth in third-quarter profit and revenue drove up shares of eBay Inc. Thursday, although some analysts called the e-commerce company's outlook cautious. THE SPARK: EBay Inc. reported a 22 percent increase in its net income due to growth at its PayPal payments service and the marketplaces business that includes eBay.com.

  • News Summary: Paydirt nears in Kazak superfield Thursday, 18 Oct 2012 | 2:28 PM ET

    ALMOST PAYDIRT: Crude production in Kazakhstan's mammoth Kashagan oilfield project is expected to begin sometime next year. EUREKA: When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.

  • GATX 3Q profit jumps on tank car orders Thursday, 18 Oct 2012 | 2:24 PM ET

    CHICAGO-- Railcar leasing company GATX Corp. said Thursday that its third-quarter earnings rose on a surge in orders for tank cars to haul oil, gas and chemicals. The company earned $53.8 million, or $1.13 per share, compared with $32.9 million, or 70 cents per share, a year ago. But stripping out those one-time items, GATX still topped Wall Street expectations.

  • News Summary: Violence at Greek austerity rallies Thursday, 18 Oct 2012 | 2:20 PM ET

    DESCENT INTO VIOLENCE: Hundreds of youths pelted riot police with fire bombs, bottles and chunks of marble at a Greek anti-austerity demonstration, less than a month after more intense clashes broke out during a similar protest.

  • News Summary: Russia sees no monopoly on Rosneft Thursday, 18 Oct 2012 | 2:17 PM ET

    BP BACKS OUT: After years of clashing with the other half of the joint venture TNK-BP, BP said in June that it would dump its 50 percent stake. TNK-BP, Russia's third largest energy producer in terms of production, is jointly owned by BP and AAR, a group of Russian billionaires.

  • PPG Industries 3rd-quarter profit rises 9 percent Thursday, 18 Oct 2012 | 1:44 PM ET

    PITTSBURGH-- PPG Industries said Thursday that its third-quarter net income rose 9 percent as it took advantage of cost reductions and strong sales of coatings. The Pittsburgh company said it made $339 million, or $2.18 per share, compared with $311 million, or $1.96 per share, a year earlier.

  • Briggs & Stratton fiscal 1Q loss widens Thursday, 18 Oct 2012 | 1:00 PM ET

    MILWAUKEE-- Engine maker Briggs& Stratton Corp. said Thursday its fiscal first-quarter loss widened, as drought conditions in much of the U.S. and tough economic conditions in Europe cut into its sales.

  • BBC satellite news disrupted in Mideast, Europe Thursday, 18 Oct 2012 | 1:00 PM ET

    LONDON-- The British Broadcasting Corp. says someone is deliberately disrupting its broadcasts in the Middle East and Europe _ interference that follows previous accusations that Iran has attempted to jam the broadcaster's transmissions.

  • WTO backs ruling against China duties on US steel Thursday, 18 Oct 2012 | 11:55 AM ET

    GENEVA-- An appeals panel of the World Trade Organization has upheld a ruling that China unfairly imposed import tariffs on a high-technology U.S. steel product. In a ruling Thursday, the WTO appeals panel said China was wrong in the way it put duties on U.S.-made grain-oriented flat-rolled electrical steel.

  • Battle lines being drawn at Brussels summit Thursday, 18 Oct 2012 | 11:31 AM ET

    BRUSSELS-- European Union leaders are tussling over how much power they want to cede to central authorities during a summit meeting in Brussels focused on how to ensure their debt crisis never repeats itself.

  • Lindsay rises on demand for irrigation systems Thursday, 18 Oct 2012 | 11:21 AM ET

    NEW YORK-- Shares of Lindsay Corp. reached their highest point in more than a year on Thursday after the irrigation system maker said its fourth-quarter net income surged on higher demand from farmers.

  • Mass. gains jobs, but unemployment rate higher Thursday, 18 Oct 2012 | 11:14 AM ET

    BOSTON-- Massachusetts gained an estimated 5,100 jobs in September even as the state's unemployment rate crept up two-tenths of a point to 6.5 percent, officials said Thursday. Massachusetts remains below the U.S. unemployment rate, which stood at 7.8 percent in September.