LONDON, May 21- The European Commission is asking oil traders across the continent to provide evidence of market abuse to determine whether companies sought to manipulate prices reported to leading price-setting agency Platts.» Read More
LOUISVILLE, Ky.-- Two mining officials who worked at an eastern Kentucky underground mine where a worker was killed last year are preparing to plead guilty to federal safety violations, according to court records.
PITTSBURGH-- A new report from the College Board says Pennsylvania has the fourth-highest in-state tuition charges in the nation for four-year public universities. The Penn State University Park campus topped the list nationally with in-state tuition and fees totaling more than $17,200 for the current class.
CALM RETURNS: The Dow Jones industrial average fell 25 points one day after a 243- point decline, its third-worst of the year. LIKE: Facebook had its best day since its stock market debut in May. REMOVE FROM QUEUE: Netflix dropped 12 percent after slashing its prediction for how many U.S. video-streaming subscribers it would add this year to 4.7 million to 5 million.
PHILADELPHIA-- Pennsylvania's gambling board on Wednesday reminded developers there are three weeks before the Nov. 15 deadline to submit applications for Philadelphia's second casino license.
*US says bank sold toxic loans to Fannie Mae, Freddie Mac. Oct 24- The United States filed a civil mortgage fraud lawsuit against Bank of America Corp, accusing it of selling thousands of toxic home loans that later defaulted to Fannie Mae and Freddie Mac, leading to more than $1 billion of losses.
BUENOS AIRES, Argentina-- Argentina's new media regulator says he's prepared to auction off the broadcast licenses of the government's leading critic.
BACKPACK CAM: Google brought its all-seeing eyes to the Grand Canyon's Bright Angel Trail, a nearly 10- mile hike to the Colorado River. OFF-ROAD: Google has mapped more than 3,000 cities in 43 countries.
NEW YORK, Oct 24- The euro fell on Wednesday on signs that the euro zone is heading for a deeper recession than previously feared, but global shares were little changed after Tuesday's steep fall.
TRENTON, N.J.-- The Christie administration believes it is now making it easier for New Jersey homeowners facing foreclosure to qualify for federal aid. Community Affairs Commissioner Richard Constable told Assembly members Wednesday that the program now has more staff, better management and has relaxed qualifying requirements.
*Greece says to get 2 more years to meet bailout target. *Germany, Draghi say no decision yet on Greece. BERLIN, Oct 24- European Central Bank President Mario Draghi gave a robust defence of his bond-buying plan to ease the euro zone debt crisis, telling sceptical German lawmakers that fears of illegal funding of governments or stoking inflation were misplaced.
NEW YORK-- Alicia Keys is launching a storytelling app for kids. "The Journals of Mama Mae and LeeLee" is about a young New York City girl's relationship with her wise grandmother. It will be released Thursday for $3.99 and is inspired by Keys' relationship with her grandmother.
The White House released it Wednesday after the editor of the newspaper, which is still deciding its presidential endorsement, wrote a blistering blog complaining of the restriction.
JACKSON, Miss.-- An Oklahoma Indian tribe is moving forward with buying the DiamondJacks casinos in Bossier City, La., and Vicksburg, Miss.. Wilmington Trust, a Delaware institution, leads a syndicate holding $181 million in secured debt with the first claim on Legends assets.
STOCK SURGE: Facebook's stock gained the most in a single day since its May IPO, closing up 19 percent, or $3.73, at $23.23 Wednesday. MOBILE RELIEF: Several analysts upgraded the social network after its third-quarter results were posted Tuesday, which detailed for the first time how much money it makes from mobile ads.
SALT LAKE CITY-- Utah gave its final approval Wednesday for the first commercial tar sands project in the U.S., handing a victory to a Canadian company that aims to start producing 2,000 barrels of oil next year in the start of what could grow into a larger operation.
RAMPING UP: A survey by HSBC found that China's manufacturing improved this month. the data showed strong gains from September, and adds to signs a recovery might be happening after a sharp slump. It adds to data last week that showed retail sales and investment picking up.
The market began to fade after 2 p.m., when the Federal Reserve repeated its assessment that the U.S. economy still needed help to increase growth and lower unemployment. The S&P 500 is down 24.44 points, or 1.7 percent. The S&P 500 is up 151.15 points, or 12 percent.
BERLIN-- German automaker Daimler AG lowered its full-year earnings target Wednesday after its third quarter net profit declined 11 percent to 1.20 billion from 1.36 billion a year ago.
PITTSBURGH-- Mine Safety Appliances Co. said Wednesday that its net income fell 4 percent in the third quarter after it sold off two businesses. Mine Safety said its net income declined to $19.2 million, or 51 cents per share, from $20 million, or 54 cents per share. Shares of Mine Safety Appliances rose 28 cents to $36.98 in trading Wednesday.
WINSTON-SALEM, N.C.-- Shares of clothing maker Hanesbrands Inc. fell Wednesday as investors digested a conservative profit outlook that was below what analysts had expected. During a conference call with investors late Tuesday, Rich Noll CEO said that Penney was a "big drag" on sales, particularly in bras and other underwear.