LISBON, Portugal— Former Portuguese Prime Minister Jose Socrates remains in police detention while an investigating magistrate decides whether he should answer charges of corruption, money-laundering and tax fraud. Socrates, who was Portugal's center-left Socialist prime minister from 2005 to 2011, was due in a Lisbon court Sunday for a closed-door...» Read More
PITTSBURGH-- Natural gas producer EQT Corp. said Thursday that its net income fell 82 percent in the third quarter compared to a year ago, when it sold a major pipeline. Net income fell to $31.9 million, or 21 cents per share, from $178.9 million, or $1.19 per share. Shares of EQT Corp. rose $2.63, or 4.5 percent, to $60.61 in afternoon trading.
RICHMOND, Va.-- Federal disaster loans of up to $2 million are available for small businesses, small agricultural cooperatives and most private nonprofits in 70 Virginia localities. The aid is available under a disaster declaration issued by the U.S. Small Business Administration for 62 counties and eight cities.
LAKE FOREST, Ill.-- Auto parts maker Tenneco Inc. reported a $125 million third-quarter profit Thursday, quadrupling its earnings from a year earlier thanks largely to a large tax gain. Tenneco said net income for the July-through-September period amounted to $2.05 per share and was up from $30 million, or 49 cents per share, in the third quarter of 2011..
SPRINGFIELD, Ill.-- The Illinois Department of Employment Security will send emails to 800,000 business leaders and workers to highlight state services. Agency Director Jay Rowell said Wednesday the emails will offer help to companies in hiring, setting wages and building business plans.
The cruise operator now expects 2012 earnings of $1.85 per share to $1.95 per share, 15 cents higher than its previous forecast range. Royal Caribbean's third-quarter net income fell to $367.8 million, or $1.68 per share, on revenue of $2.26 billion, from $399 million, or $1.82 per share, on revenue of $2.32 billion a year earlier.
The Labor Department says that weekly applications for U.S. unemployment benefits fell last week to 369,000. That's consistent with modest hiring. The National Association of Realtors said its index of home sale agreements rose slightly in September. The dollar rose to 80.29 Japanese yen from 79.78 yen and to 0.9343 Swiss franc from 0.9325 Swiss franc.
BOSTON-- Two organizations that track the Massachusetts real estate market say sales of single family homes remained healthy in September in part because of stabilized prices. The Massachusetts Association of Realtors reported Thursday that sales were up nearly 3 percent from the same month last year, the 15th month of year-over-year increases.
No one is certain yet that remains dug up last month at a Leicester parking lot are those of the monarch immortalized by William Shakespeare for his willingness to trade his kingdom for a horse. Archaeologists found the bones beneath the site of the Grey Friars church in Leicester, central England.
CARSON CITY, Nev.-- RBS Financial Products has agreed to pay a $42 million settlement to end an investigation of its role in buying and securitizing subprime mortgages that added to Nevada's housing meltdown.
German industrial conglomerate BASF, consumer products company Unilever and Swiss bank Credit Suisse all enjoyed strong share price gains after their reports. Procter& Gamble, for example, led the Dow Jones industrial average higher after the giant consumer products company reported earnings that beat analysts' expectations.
EAST MILLINOCKET, Maine-- Great Northern Paper is holding a celebration marking the one-year anniversary of the reopening of its East Millinocket mill. Cate Street Capital of Portsmouth, N.H., bought two shuttered paper mills in East Millinocket and Millinocket last September.
The most pressing economic issue facing Washington _ whether President Barack Obama or Republican Mitt Romney wins _ is a looming deadline for across-the-board spending cuts and tax increases. Some $100 billion will be sliced from federal budgets and taxes will rise by $400 billion if the government goes over the so-called "fiscal cliff" in early January.
PIERRE, S.D.-- South Dakota State University is getting its first commitments from donors to help build a proposed $7 million facility that will be used for teaching and research about hogs. The SDSU Foundation says First Bank and Trust, which operates in eastern South Dakota and southwestern Minnesota, has committed $250,000 to the project.
LONDON-- British publishing and education company Pearson PLC says it is in talks with German media group Bertelsmann SE over merging the firms' Penguin and Random House publishing operations. Pearson is publisher of the Financial Times and Penguin Group books.
ATLANTA-- Georgia labor officials say metro Atlanta's unemployment rate dropped to 8.4 percent in September. The Georgia Department of Labor announced the new preliminary unemployment figure early Thursday morning. Among other Georgia metro areas, the Athens area continued to have the lowest area jobless rate at 6.4 percent.
Net income rose to $31.3 million, or $1.32 per share, matching the forecast of analysts surveyed by FactSet. A year earlier, the company earned $21.5 million, or 91 cents per share. The shares fell $3.19, or 5.2 percent, to $58.65 in midday trading.
SAN FRANCISCO, Oct 24- Amid the fanfare accompanying the noisy launch of the iPad mini this week, Apple Inc also took the wraps off new Mac computers.
LONDON-- The Northern Ireland city of Londonderry has announced a program of arts events ranging from punk to painting to celebrate its role as the U.K.' s "city of culture" for 2013..