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  • Novartis posts 3Q profits in line with a year ago Thursday, 25 Oct 2012 | 1:25 AM ET

    GENEVA-- Swiss pharmaceutical giant Novartis AG has posted third-quarter profits virtually unchanged from the comparable period a year ago. The Basel- based company says it had profits of 2.48 billion Swiss francs between July and September, compared with $2.49 billion in the third quarter of 2011..

  • Strikes dent Hyundai Motor's 3Q profit Thursday, 25 Oct 2012 | 1:20 AM ET

    "Hyundai is set to recover its lost output during the third quarter with increased capacity in China, Brazil and the United States as well as in South Korea.

  • Oil rises after 7 percent fall in past week Thursday, 25 Oct 2012 | 1:11 AM ET

    Benchmark crude for December delivery was up 24 cents to $85.97 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped 94 cents, or about 1 percent, to finish at $85.73 per barrel.

  • Credit Suisse posts 63 percent drop in 3Q profits Thursday, 25 Oct 2012 | 1:08 AM ET

    GENEVA-- Credit Suisse Group said Thursday its third-quarter net profit dropped by more than half from a year ago, hit by an accounting charge from the bank's own debt.

  • Korean Air returns to profit, passengers increase Thursday, 25 Oct 2012 | 1:02 AM ET

    SEOUL, South Korea-- South Korea's flagship carrier Korean Air said Thursday it returned to profit after two straight quarters of losses as increased international passengers and a favorable exchange rate offset lower cargo shipments.

  • Retail gasoline prices tumble 12 cents in Texas Thursday, 25 Oct 2012 | 12:59 AM ET

    HOUSTON-- Retail gasoline prices have taken a tumble this week across Texas. AAA Texas on Thursday reported the statewide average price fell 12 cents to settle at $3.39 per gallon. The association survey found El Paso has the most expensive gasoline in Texas at $3.49 per gallon.

  • Researcher warns of online gambling luring kids Thursday, 25 Oct 2012 | 12:58 AM ET

    Mark Griffiths, professor of gambling studies at Nottingham Trent University, told a few hundred participants at a conference sponsored by the Connecticut Council on Problem Gambling that technology will make gambling more accessible as gamblers turn to online sites and avoid casinos.

  • 3D Systems 3Q net income doubles, lifts outlooks Thursday, 25 Oct 2012 | 12:58 AM ET

    ROCK HILL, S.C.-- 3 D Systems Corp. said Thursday that its third-quarter net income doubled as printer sales soared. 3 D Systems earned $13.5 million, or 24 cents per share, for the period ended Sept. 30. That compares with $7.2 million, or 14 cents per share, a year ago.

  • Jobless rates fall in most Ky. counties in Sept. Thursday, 25 Oct 2012 | 12:57 AM ET

    FRANKFORT, Ky.-- A new report on unemployment is showing continued improvement in most Kentucky counties. Calloway, Fayette, Franklin, Jessamine, Madison, Oldham, Scott, Shelby and Warren counties were between 6 percent and 6.4 percent. The coalfield counties of Bell, Harlan, Jackson, Leslie, Letcher, Knott, Perry and Wolfe all were between 12.3 percent and 13.7 percent.

  • Wright Express changes name to WEX Inc. Thursday, 25 Oct 2012 | 12:56 AM ET

    SOUTH PORTLAND, Maine-- One of the Maine's largest publicly traded companies is changing its name. Wright Express Corp. announced Thursday that its new name is WEX Inc.. The company will continue to be listed under the symbol WXS on the New York Stock Exchange.

  • Dentsply earnings fall in third quarter Thursday, 25 Oct 2012 | 12:55 AM ET

    YORK, Pa.-- Dentsply reported a 12 percent decline in third quarter earnings Thursday as selling and administrative costs rose for the dental products company. The company narrowed its full-year earnings expectations to a range of $2.19 to $2.24 from the prior range of $2.18 to $2.24. Shares of Dentsply International Inc., based in York, Pa., rose 41 cents to $37.12.

  • ND's Killdeer Mountains drilling dispute undecided Thursday, 25 Oct 2012 | 12:54 AM ET

    BISMARCK, N.D.-- North Dakota's Mineral Resources director says he likely will make a recommendation to state regulators next month on whether to allow oil drilling near the Killdeer Mountains Wildlife Management Area. Hess Corp. wants to drill up to eight wells. The Mineral Resources Department's Oil and Gas Division on Wednesday held a hearing.

  • Las Vegas foreclosure rate down to No. 25 in US Thursday, 25 Oct 2012 | 12:54 AM ET

    LAS VEGAS-- The Las Vegas area is getting further away from its dubious title as foreclosure capital of the country. Realtytrac reports one in every 139 housing units in Las Vegas saw some sort of foreclosure filing in the third quarter.

  • UMW sues Arch, Peabody over Patriot benefits Thursday, 25 Oct 2012 | 12:53 AM ET

    CHARLESTON, W.Va.-- The United Mine Workers of America is suing Arch Coal Inc. and Peabody Energy Corp. in southern West Virginia over pension and health-care benefits for bankrupt Patriot Coal Corp.' s active and retired miners.

  • PRECIOUS-Gold inches up as dollar drifts following Fed Thursday, 25 Oct 2012 | 12:52 AM ET

    SINGAPORE, Oct 25- Gold edged up in thin trade on Thursday as the U.S. dollar trimmed gains, although the metal was still within sight of its weakest in seven weeks, hit after the U.S. *Gold had added $4.86 an ounce to $1,706.79 by 0025 GMT.

  • EQT 3Q net income drops, shares rise on revenue Thursday, 25 Oct 2012 | 12:51 AM ET

    PITTSBURGH-- Natural gas producer EQT Corp. said Thursday that its net income fell 82 percent in the third quarter compared to a year ago, when it sold a major pipeline. Net income fell to $31.9 million, or 21 cents per share, from $178.9 million, or $1.19 per share. Shares of EQT Corp. rose $2.63, or 4.5 percent, to $60.61 in afternoon trading.

  • 70 Va. localities eligible for SBA disaster loans Thursday, 25 Oct 2012 | 12:51 AM ET

    RICHMOND, Va.-- Federal disaster loans of up to $2 million are available for small businesses, small agricultural cooperatives and most private nonprofits in 70 Virginia localities. The aid is available under a disaster declaration issued by the U.S. Small Business Administration for 62 counties and eight cities.

  • Tenneco rides big tax gain to $125M 3rd-qtr profit Thursday, 25 Oct 2012 | 12:50 AM ET

    LAKE FOREST, Ill.-- Auto parts maker Tenneco Inc. reported a $125 million third-quarter profit Thursday, quadrupling its earnings from a year earlier thanks largely to a large tax gain. Tenneco said net income for the July-through-September period amounted to $2.05 per share and was up from $30 million, or 49 cents per share, in the third quarter of 2011..

  • Emails highlighting Ill. services go to businesses Thursday, 25 Oct 2012 | 12:49 AM ET

    SPRINGFIELD, Ill.-- The Illinois Department of Employment Security will send emails to 800,000 business leaders and workers to highlight state services. Agency Director Jay Rowell said Wednesday the emails will offer help to companies in hiring, setting wages and building business plans.

  • Royal Caribbean reports lower Q3 net but raises year view Thursday, 25 Oct 2012 | 12:49 AM ET

    The cruise operator now expects 2012 earnings of $1.85 per share to $1.95 per share, 15 cents higher than its previous forecast range. Royal Caribbean's third-quarter net income fell to $367.8 million, or $1.68 per share, on revenue of $2.26 billion, from $399 million, or $1.82 per share, on revenue of $2.32 billion a year earlier.