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  • ACE to buy Mexican insurance business for $865M Thursday, 18 Oct 2012 | 9:12 AM ET

    Property and casualty insurer ACE Ltd. said Thursday that it reached a deal to buy Ally Financial Inc.' s Mexican insurance business for about $865 million in cash. The company has more than 30 sales offices throughout Mexico and distributes its products through nearly 2,000 independent agents, along with auto dealerships, banks and direct channels.

  • LabCorp 3Q profit climbs 10 pct, forecast narrows Thursday, 18 Oct 2012 | 9:11 AM ET

    BURLINGTON, N.C.-- Laboratory Corp. of America posted a 10 percent rise in third-quarter earnings compared with last year during the same period, when the clinical lab was weighed down by the cost of several acquisitions. For the third quarter, LabCorp earned $148 million, or $1.53 per share.

  • Ahead of the Bell: Abbott shares continue slide Thursday, 18 Oct 2012 | 9:07 AM ET

    Shares of Abbott Laboratories continued to slip Thursday in premarket trading, a day after the drug and medical device maker reported third-quarter results and delivered an update on its upcoming business split.

  • US futures fall as US companies post earnings Thursday, 18 Oct 2012 | 9:07 AM ET

    NEW YORK-- Stock futures slipped Thursday as companies including Verizon, Morgan Stanley and Southwest Airlines posted mixed quarterly earnings, and the Labor Department posted the latest numbers on unemployment benefits. Also Thursday, China reported that growth fell to 7.4 percent from 7.6 percent a year ago, the weakest showing since early 2009..

  • Miss. says no thanks to Medicaid expansion dollars Thursday, 18 Oct 2012 | 9:03 AM ET

    JACKSON, Miss.-- Mississippi has long been one of the sickest and poorest states in America, with some of the highest rates of obesity, diabetes and heart disease and more than 1 in 7 residents without insurance. And so you might think Mississippi would jump at the prospect of billions of federal dollars to expand Medicaid.

  • Ahead of the Bell: US Bancorp upgraded on Q3 earns Thursday, 18 Oct 2012 | 9:03 AM ET

    U.S. Bancorp's relative strength in a tough quarter for many banks earned it an upgrade early Thursday, setting the stage for a second day of gains for the Minneapolis- based bank. U.S. Bancorp, the eighth-biggest American bank by assets, said Wednesday that its net income rose 14 percent in the third quarter.

  • *7 Mexico officials detained for links to cartel Thursday, 18 Oct 2012 | 8:57 AM ET
  • India's top court lifts ban on tiger tourism Thursday, 18 Oct 2012 | 8:56 AM ET

    NEW DELHI-- India's top court lifted a ban on tourism in tiger reserves across the country but asked local governments to regulate visitors. The Supreme Court had ordered a complete ban on such tourism in July while the government formulated new guidelines.

  • Family shocked at Bangladeshi's arrest in NY plot Thursday, 18 Oct 2012 | 8:55 AM ET

    The FBI arrested 21- year-old Quazi Mohammad Rezwanul Ahsan Nafis on Wednesday after he tried to detonate a fake 1,000- pound car bomb, according to a criminal complaint. "My son can't do it," his father, Quazi Ahsanullah, said as he wept in his home in the Jatrabari neighborhood in north Dhaka.

  • LA County assessor arrested in corruption case Thursday, 18 Oct 2012 | 8:54 AM ET

    LOS ANGELES-- Los Angeles County assessor John Noguez, a top aide and a campaign contributor were arrested Wednesday as part of an investigation into influence peddling and slashing of property taxes for political allies. "Instead of acting in the best interest of the citizens of Los Angeles County, he turned his back on them," Cooley said.

  • AP source: Obama was considered potential target Thursday, 18 Oct 2012 | 8:51 AM ET

    NEW YORK-- A Bangladeshi man snared in an FBI terror sting considered targeting President Barack Obama and the New York City Stock Exchange before settling on a car bomb attack on the Federal Reserve, just blocks from the World Trade Center site, a law enforcement official told The Associated Press on Thursday.

  • Nielsen: 65.6 million watch second debate Thursday, 18 Oct 2012 | 8:50 AM ET

    The Nielsen company said 67 million people watched the first debate a week earlier. NBC had 13.8 million viewers, more than any other network, with ABC second at 12.5 million, Nielsen said. CBS had 8.9 million viewers for the debate, CNN had 5.6 million, MSNBC had 4.9 million and the Fox broadcast network had 4.6 million, Nielsen said.

  • Dem convention used corporate cash, despite pledge Thursday, 18 Oct 2012 | 8:49 AM ET

    RALEIGH, N.C.-- The Democratic National Convention relied on at least $5 million in corporate donations, despite repeated pledges by top party officials only to use money raised from individuals.

  • *Hertz delays closing of Dollar Thrifty deal Thursday, 18 Oct 2012 | 8:47 AM ET
  • Romney debate ad focuses on economy, Medicare Thursday, 18 Oct 2012 | 8:47 AM ET

    KEY IMAGES: The ad uses video from Mitt Romney' town hall-style presidential debate with President Barack Obama in Hempstead, N.Y., to attack the president's performance over the past four years. Median income is down $4,300 a family and 23 million Americans out of work.

  • NY man held on no bail in Broadway show's demise Thursday, 18 Oct 2012 | 8:46 AM ET

    NEW YORK-- A former stockbroker charged with defrauding a fledgling Broadway production was held without bail Wednesday after a prosecutor called him a "considerable threat" to the community.

  • Ukrainian man accused of disturbing Delta flight Thursday, 18 Oct 2012 | 8:45 AM ET

    SALT LAKE CITY-- A Ukrainian man, hung over from a 50- day drinking binge, said he believed the wing of the airplane was on fire when he disrupted a Salt Lake City- bound Delta Air Lines flight and had to be wrestled to the floor by passengers, authorities allege in a criminal complaint.

  • Iraq issues arrest warrant for central bank chief Thursday, 18 Oct 2012 | 8:43 AM ET

    BAGHDAD-- Iraqi authorities have issued arrest warrants for the longtime governor of the central bank following allegations of financial wrongdoing, the country's judiciary said Thursday. Supreme Judicial Council spokesman Abdul-Sattar Bayrkdar told The Associated Press that 15 bank officials are being sought along with al-Shabibi.

  • Dutch art thieves were no 'Ocean's 11' team Thursday, 18 Oct 2012 | 8:41 AM ET

    AMSTERDAM-- In Hollywood movies, heists usually feature criminals who plan meticulously and use high-tech equipment to avoid detection. But the thieves who snatched seven paintings by Picasso, Matisse and Monet worth millions from a gallery in Rotterdam appear to have taken a less glamorous approach, relying mostly on speed and brute force.

  • 'Forbidden Broadway' extends its run until April Thursday, 18 Oct 2012 | 8:40 AM ET

    John Freedson, a producer of the off- Broadway musical revue that hilariously tweaks Broadway shows and stars, said Wednesday that its run will be extended through April 28.

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