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  • NEW YORK, Oct 5- U.S. The U.S. Labor Department said the unemployment rate fell to a four-year low of 7.8 percent in September, down from 8.1 percent in August, as 114,000 jobs were added. "The big shock was the drop in the rate, the consensus number was right in line," said Sean Murphy, a Treasuries trader at Societe Generale in New York.

  • Oct 5- Standard& Poor's Ratings Services today said that it has raised its ratings on obligor Temple-Inland Inc.' s Development Authority of McDuffie County and Angelina& Neches River Auth waste disposal revenue bonds to' AA-' from' BBB'. The bonds have been defeased and are now rated the same as that of the trustee, The Bank of New York Mellon Trust Co. N.A.

  • Oct 5- Verizon Communications Inc:. *Will disclose new metrics for Verizon wireless segment for Q3 due to. introduction of share everything plans.

  • *Entergy and ITC continue transaction approval process with Mississippi public. *Itc says Mississippi public service commission to spin off Mississippi. electric transmission business, merge it into unit of ITC.

  • Canada crude-Prices weaken as output set to rise Friday, 5 Oct 2012 | 4:28 PM ET

    CALGARY, Alberta, Oct 5- Canadian cash crude prices weakened for the fourth straight session on Friday as production from the Alberta oil sands looked set to increase for next month.

  • Oct 5- Coronado Biosciences Inc:. *To sell common stock having aggregate offering price of up to $30.0 million. from time to time- SEC filing.

  • News Summary: Hyundai Veloster investigation Friday, 5 Oct 2012 | 4:26 PM ET

    THE INVESTIGATION: The National Highway Traffic Safety Administration is investigating complaints that sunroofs on the Hyundai Veloster can shatter and shower people in the car with glass. THE MODEL: The probe covers about 18,000 of the funky hatchbacks from the 2012 model year.

  • News Summary: Can stocks rise as earnings fall? Friday, 5 Oct 2012 | 4:25 PM ET

    RISING STOCKS, FALLING PROFITS: Stocks are up sharply, despite an expected 1.3 percent fall in third-quarter earnings for companies in the Standard& Poor's 500.. TRIPLE WHAMMY: Corporate earnings are getting hit by slowing economic growth at home and abroad.

  • Oct 5- Edgen Group Inc:. *Announces pricing of $540.0 million of Edgen murray corporation's senior. *Says offering size has been reduced to $540 million from $575 million.

  • Can stocks continue to rise as earnings fall? Friday, 5 Oct 2012 | 4:23 PM ET

    NEW YORK-- One type of investor buys stocks when everyone is convinced that corporate earnings will fall. He buys because he thinks they're wrong and earnings will rise instead. Barclays Capital stock strategist Barry Knapp said Thursday, as the Standard& Poor's 500 inched higher yet again. "

  • SAN FRANCISCO/ LOS ANGELES, Oct 5- An unprecedented spike in California gasoline prices showed signs of easing on Friday, with some supply-stricken service stations preparing to reopen and retail rates poised to ease after topping $5 a gallon in many places.

  • Oct 5- Newfield Exploration Co:. *Closes on sale of Gulf of Mexico assets. related to storms in Gulf of Mexico.

  • Oct 5- Schmitt Industries Inc:. *Q1 earnings per share $0.04. *Q1 sales rose 6 percent to $3.7 million.

  • New Issue-Edgen Murray sells $540 mln in notes Friday, 5 Oct 2012 | 4:21 PM ET

    Oct 5- Edgen Murray Corporation. Friday sold $540 million of senior secured notes in the 144 a private placement market, said IFR, a Thomson Reuters service. Jefferies, Morgan Stanley and Bank of America Merrill Lynch were the joint bookrunning managers for the sale.

  • Oct 5- Watson Pharmaceuticals Inc:. *Receives approval from European commission for pending actavis acquisition. *Says transaction remains subject to regulatory approval in the United States.

  • Madoff fraud's last days recounted in NYC document Friday, 5 Oct 2012 | 4:19 PM ET

    NEW YORK-- In December 2008, two of Bernard Madoff's most loyal employees met on a Manhattan street corner and fretted over a closely held secret that the rest of the world would learn about eight days later: that their boss was a con man for the ages.

  • Montreal off NASCAR's 2013 Nationwide schedule Friday, 5 Oct 2012 | 4:19 PM ET

    NASCAR will not race in Montreal next season after the promoter pulled the plug on the six-year relationship when he couldn't secure a premiere Sprint Cup Series event.

  • At a glance: Oil falls after US job report Friday, 5 Oct 2012 | 4:18 PM ET

    On the New York Mercantile Exchange:. _ Benchmark oil closed down $1.83 to $89.88 per barrel. On the ICE Futures Exchange in London:.

  • High court to hear farmer, Monsanto seed dispute Friday, 5 Oct 2012 | 4:17 PM ET

    WASHINGTON-- The Supreme Court agreed Friday to hear a dispute between a soybean farmer and Monsanto Co. over the company's efforts to limit farmers' use of its patented, genetically engineered Roundup Ready seeds.

  • Oct 5- ASB Bancorp Inc:. *Says approved a stock repurchase program whereby the company may repurchase. *The company expects the share repurchases to commence on or after October 12,.