MADISON, Wis.-- The state Department of Natural Resources is outlining the steps a company looking to dig a huge iron mine in far northwestern Wisconsin will need to take bulk mineral samples. Gogebic Taconite wants to dig a 4 1/ 2- mile long open-pit iron mine in the Penokee Hills east of Mellen. Larry Lynch is the DNR's mine project manager.» Read More
MIDVALE, Utah-- Ally Bank, wanting to focus on auto lending and consumer deposits, is trying to take another step away from the mortgage industry.
*Hurricane Sandy threatens U.S. after slamming Cuba. LONDON, Oct 26- Oil fell on Friday to around $108 a barrel and was heading for its second weekly drop, pressured by expectations U.S. economic growth will not be strong enough to bolster the demand outlook and by Europe's debt crisis.
Oct 26- Asset manager Legg Mason Inc said on Friday that quarterly profit rose 42 percent as it reported the first quarterly net inflow since 2007.. For the second quarter ended Sept. 30, Baltimore- based Legg Mason on Friday reported net income of $80.8 million, or 60 cents per share, compared with 56.7 million, or 39 cents per share, in the same period a year earlier.
Oct 26- Merck& Co reported mixed third-quarter results, with earnings beating Wall Street forecasts but sales slightly missing the mark amid stiff generic competition that began in August for the company's Singulair asthma medicine.
IRVINE, Calif.-- Quality Systems' fiscal second-quarter net income declined 23 percent, weighed down by lower software license sales. Quality Systems earned $15.7 million, or 26 cents per share, compared with $20.5 million, or 35 cents per share, a year earlier.
LyondellBasell, which refines oil and makes chemicals and plastics used in manufacturing and construction, said on Friday that its third-quarter net income fell 5.7 percent, as raw material prices rose and volumes in some businesses declined. LyondellBasell said it earned $844 million, or $1.46 per share, for the quarter that ended Sept. 30.
LONDON, Oct 26- Accused UBS ``rogue trader'' Kweku Adoboli said on Friday he did not believe his behaviour had been fraudulent and it was unfair to suggest that his previous jobs in the UBS back office had given him the knowledge and skills to commit fraud.
Oct 26- At least three brokerages cut their price targets on Apple Inc by up to $50 a share after the iPhone maker surprised analysts by forecasting lower gross margins for the current quarter. For the December quarter, Apple forecast revenue of $52 billion, below estimates of $55 billion, according to Thomson Reuters I/B/E/S.
A spokesman for Unitil Corp. says the utility is talking to crews as far away as Tennessee and Michigan to make sure they will be available. Alec O' Meara said typically, Unitil talks about reaching to contractors as far as three days in advance of a storm, but the calls are being made sooner than that this time.
Oct 26- Interpublic Group of Cos, home to advertising agencies McCann Erickson and Draftfcb, reported a fall in revenue on lower spending by customers and some account losses in 2011..
LONDON, Oct 26- European equity markets eased on Friday, on track for their worst week in a month on the back of a raft of gloomy corporate outlooks and a darkening technicals picture.
*BHP's Vanselow, Xstrata's Davis in frame as replacements. LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the miner's lagging share price and continued dependence on troubled South Africa.
Oct 26- Comcast Corp posted a higher quarterly profit on Friday, driven partly by revenue generated at its NBC Universal unit by the London Olympics as well as by new Internet customers for its cable business.
PIERRE, S.D.-- South Dakota officials plan to attend an event in Minnesota next week as part of an effort to attract companies that make medical devices.
RAPID CITY, S.D.-- The South Dakota School of Mines and Technology is cutting the ribbon Friday on its new downtown campus building in Rapid City. The 18,000- square-foot building is housing the university's industrial engineering department and a four-room conference center for community use.
MADRID, Oct 26- Spain's unemployment rate hit a record high in the third quarter, with one in four out of work and more expected to lose their jobs in 2013 as the next phase of government cutbacks kicks in.
The company was spun off from Dean Foods Co. at a time when the organic and natural foods segment is growing faster than the broader packaged food market.
SAN FRANCISCO, Oct 26- Pension changes recently endorsed by the Los Angeles city council don't go far enough for former Mayor Richard Riordan, who aims to put more aggressive fixes on the city's May 2013 ballot.