Futures appear to be suggesting a weekly decline, however, as economic headwinds in both Europe and Asia weigh on U.S. indexes. The nation's largest bank, JPMorgan Chase, posted record quarterly profit Friday and blew away Wall Street expectations. This week saw mixed results from U.S. corporations like Alcoa, Safeway and Yum Brands.
HOUSTON-- KMG Chemicals' fiscal fourth-quarter net income more than tripled, as it lowered expenses and saw sales strengthen in its electronic chemical division. The Houston company earned $3.9 million, or 33 cents per share, for the three months ended in July 31. That's up sharply from $1.2 million, or 10 cents per share, in the year-earlier period.
SAO PAULO-- Construction of the Olympic golf course in Rio de Janeiro has yet to start as planned, and a ruling by a local court could lengthen the delay even further. Brazil's Higher Court of Justice ruled last week that a Rio tribunal was wrong in denying an appeal by the company, Elmway Participacoes, meaning the case will likely drag on for several more months.
BOSTON-- Three companies seeking to develop a resort casino in Springfield submitted applications Thursday to the western Massachusetts city, and a fourth that had previously expressed interest declined to enter the competition.
OSLO, Norway-- For fostering peace on a continent ravaged by war, the European Union won the Nobel Peace Prize on Friday.
WASHINGTON-- A second month of sharp gains in gasoline costs drove wholesale prices higher in September. Wholesale prices rose 1.1 percent in September following a 1.7 percent gain in August which had been the largest one-month increase in more than three years, the Labor Department said Friday.
KENNEBUNK, Maine-- Townspeople were waiting with curiosity for the names of people who have been issued summons for allegedly giving business to a local fitness instructor charged with running a prostitution operation out of her Zumba fitness studio and a small office in this southern Maine town.
The National Highway Traffic Safety Administration says a fastener can come loose, causing the steering shaft to come part and drivers to lose control of the vehicle. It will determine if the problem is bad enough for Hyundai to recall the SUVs. Hyundai also got a complaint that a loose bolt caused a similar problem.
NEW YORK-- A Jewish charity co-founder who billed himself as a "Jewish Indiana Jones" bent on rescuing vintage Torahs across the globe was sentenced to more than four years in prison on Thursday for conning donors out of about $1 million. Menachem Youlus told a judge in federal court in Manhattan that he was ashamed of his scam, but still hoped for leniency.
DANVILLE, Ky.-- In a spirited debate that laid out stark choices, Joe Biden and Paul Ryan teed up pointed arguments on the economy, social policy and America's place in the world that President Barack Obama and GOP rival Mitt Romney now will drive forward into the campaign's final stretch.
Wells Fargo posted record earnings in the third quarter as the bank increased mortgage lending and pocketed more fees. "Real estate is getting better," Wells Fargo chairman, CEO John Stumpf said on a call with analysts. " Wells' net income in the quarter ended Sept. 30 rose 23 percent, to $4.72 billion from $3.84 billion in the same period last year.
WASHINGTON-- An old feud and the race for women voters took center stage in a tight Arizona Senate race Thursday, with Republican Rep. Jeff Flake citing the grudge in a new ad alleging that Democrat Richard Carmona lacks the temperament for the job. Richard Carmona should never, ever be in the U.S. Senate. "
SAO PAULO-- Brazil is using an indigenous language for the first in a campaign aimed at curbing violence against women and the spread of HIV. The campaign is a joint effort between Brazil and three United Nations agencies including the Joint United Nations Program on HIV and AIDS. Adele Benzaken of the UNAIDS office in Brazil.
J. Todd Weber of the Centers for Disease Control and Prevention said as the death toll reached 14.. The other case is an ankle infection discovered in Michigan; steroid shots also can be given to treat aching knees, shoulders or other joints.
WASHINGTON-- Japan said Thursday its security alliance with the U.S. is an important deterrent against conflict breaking out between China and Japan over disputed islands. Japan's ambassador to Washington Ichiro Fujisaki said that he trusts the leaders of China and Japan will avoid a war.
KINGSTON, Jamaica-- Jamaica is stepping up mosquito eradication across the island and urging school children to stamp out breeding grounds to combat an epidemic of dengue fever, the Caribbean country's health minister said Thursday.
MIAMI-- Crews planned to resume their search Friday morning for a man still missing two days after a parking garage collapsed at Miami Dade College's west campus, killing three construction workers. The search was expected to get under way around 8 a.m. Friday.
BIRMINGHAM, Ala.-- A 91- year-old woman who pleaded guilty Thursday to stealing $201,000 from the south Alabama town where she was mayor for three decades paid hush money in a bid to keep her crimes secret, documents showed. Prosecutors said River Falls Mayor Mary Ella Hixon pleaded guilty to theft and resigned.