Starbucks opened its first store in India Friday in Mumbai as the Seattle- based coffee giant seeks growth in a market long associated with tea drinkers. LOCAL GUIDE: Starbucks' partner in India is the salt-to-SUVs Tata conglomerate. The venture will open more stores in Mumbai this year and expand to New Delhi next year.
High chairs that could pose a deadly risk to children and flammable sunscreen are among several recalled products this week. DETAILS: Energizer Holdings recalled formulations of its Banana Boat UltraMist sunscreen. The products were sold from Jan. 2010 through Sept. 30, 2012.
Stocks fell following poor earnings reports from big-name companies including General Electric, McDonald's and Microsoft. Palladium decreased $24.20 to $623 an ounce and platinum dropped $28.20 to $1,615.50 per ounce. Benchmark crude fell $2.05 to $90.05 per barrel on the New York Mercantile Exchange.
KANSAS CITY, Mo.-- Kansas City Southern said Friday that its third-quarter net income fell 9.8 percent, hurt by tough comparisons to a prior-year period boosted by a hefty one-time gain. The Kansas City, Mo.- based railroad earned $90 million, or 82 cents per share, down from $99.8 million, or 91 cents per share, in the same quarter last year.
FAST TRACK: Test runs started zooming along a section of the Amtrak line between Chicago and St. Louis at 111 mph Friday. The 30- mph increase from the route's current top speed is a morale booster for advocates of high-speed rail.
NEW ORLEANS-- Dwayne Boudreaux's memories of the Circle Food Store in New Orleans 7th Ward neighborhood are so vivid he can walk through its colonnade of arches into the dark and empty shell and give a guided tour of how it was before Hurricane Katrina.
BANK OVERSIGHT: European leaders took a step toward creating a single supervisor next year for banks in countries that use the euro on Friday, but they refused to pin down a start date.
PITTSBURGH-- The state Public Utility Commission says a western Pennsylvania township must revise its oil and gas land-use rules by Nov. 28 or face losing money from a new drilling impact fee.
SACRAMENTO, Calif.-- Compensation for medical providers in California's prison system has soared since a federal judge seized control of inmate health care in 2006 and established a receivership with the power to hire and set pay levels.
GUNS GUNS GUNS: An analysis by The Associated Press of data tracking the health of the gun industry shows that President Barack Obama has presided over a heyday for guns. WHAT'S HAPPENED: Sales are on the rise, so much that some manufacturers cannot make enough fast enough.
NEW YORK-- News Corp. said Friday that Fox News chief executive Roger Ailes has signed a new four-year contract. Ailes, 72, first joined News Corp. in 1996. He will continue to oversee Fox News, the Fox Business Network, the Fox TV stations, Twentieth Television and MyNetwork TV.
On the New York Mercantile Exchange:. _ Benchmark crude fell $2.05 to end at $90.05 per barrel. _ Heating oil fell 5.21 cents to end at $3.1345 per gallon.
Benchmark oil fell $2.05 to finish at $90.05 per barrel in New York. Brent crude, which is used to price international varieties of oil, dropped $2.28, or 2 percent, to end at $110.14 per barrel in London. Several companies delivered weaker-than-expected third-quarter results, including Microsoft and McDonald's.
LOS ANGELES-- Shares of HGTV and Food Network owner Scripps Networks Interactive Inc. rose nearly 6 percent before giving back most of the gains on Friday after the death of a grandson of founder Edward W. Scripps prompted speculation that the family might sell its controlling stake.
The order is taking shape as the Obama administration voices growing concern that Iran could be the first country to use cyberterrorism against the United States. The White House declined to say when the president will sign the order. Congress failed this summer to pass cybersecurity legislation.
FRIENDLY SKIES: It's been 43 months since the last deadly airline crash in the U.S., the longest such period since after World War II. Federal rules assign a value of $6.2 million to each life saved. SLEEPY PILOTS: Last year, the FAA revised rules on pilot work schedules to address concerns that tired pilots were making mistakes, sometimes with fatal results.
PITTSBURGH-- A former Pittsburgh Steelers doctor and his defense attorney declined to comment at his initial federal court appearance on illegal steroid-distribution and other charges. Richard Rydze to be jailed over the weekend until another appearance Monday.
Caterpillar Inc. reports quarterly financial results. Hasbro Inc. reports quarterly financial results. Peabody Energy Corp. reports quarterly financial results.
Microsoft, McDonald's and General electric all fell sharply after reporting disappointing results for the third quarter.