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  • Oshkosh rejects Icahn offer Friday, 26 Oct 2012 | 9:40 AM ET

    OSHKOSH, Wis.-- Oshkosh is rejecting a buyout offer from billionaire investor Carl Icahn. Shares in Oshkosh Corp. are up 25 cents to $29.99 in early trading. Earlier this month Icahn said he planned an unsolicited bid that valued Oshkosh at almost $3 billion, and said he would nominate a competing slate of directors in a bid for control of the company.

  • Feds probe Taurus, Sable for stuck throttles Friday, 26 Oct 2012 | 9:39 AM ET

    DETROIT-- Federal safety regulators are investigating some older-model Ford Taurus and Mercury Sable sedans because the throttles can stick. The National Highway Traffic Safety Administration says it has 50 complaints about sticky throttles in the cars from the 2000 through 2003 model years. The Ford Taurus and Mercury Sable and are nearly identical cars.

  • *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.

  • US economic growth up to still-modest 2 pct. rate Friday, 26 Oct 2012 | 9:37 AM ET

    WASHINGTON-- The U.S. economy grew at a slightly faster 2 percent annual rate from July through September, buoyed by more spending by consumers and the federal government. The report Friday from the Commerce Department is the last broad snapshot of the economy before Americans choose a president in 11 days.

  • Does Indian anti-graft crusader have solutions? Friday, 26 Oct 2012 | 9:36 AM ET

    NEW DELHI-- Since launching his own political party this month, a fiery former tax officer has become the bane of some of India's most powerful politicians, publicly accusing them _ by name _ of corruption. He has accused Congress party chief Sonia Gandhi's son-in-law of making millions off shady real estate deals.

  • LONDON, Oct 26- European share markets followed Asian stocks lower as lacklustre corporate earnings reports undermined investor confidence ahead of American growth data due later on Friday.

  • Sentencing begins in Brazil corruption trial Friday, 26 Oct 2012 | 9:35 AM ET

    RIO DE JANEIRO-- A political corruption trial seen as a turning point toward cleaner governance in Brazil is nearing its end, with the country's Supreme Court starting to hand down tough sentences this week against powerful defendants. The trial has riveted Brazil for months, with results that have tarnished the reputation of the governing Workers' Party.

  • China wants to stop profiteering at temple sites Friday, 26 Oct 2012 | 9:34 AM ET

    BEIJING-- China is telling tourist-favored Buddhist temples: Don't let money be your mantra. "Everywhere in China now is about developing the economy," complained Beijing resident Fu Runxing, a 40- year-old accountant who said he recently went to a temple where incense was priced at 300 yuan a stick.

  • LONDON, Oct 26- Accused UBS rogue trader Kweku Adoboli pleaded not guilty on Friday to two new counts of false accounting that were added to the indictment six weeks into his trial. The two new counts were added to help clarify the case for the jury. There are now six counts in total, two of fraud and four of false accounting.

  • Police detain 1, seek motive in LA family shooting Friday, 26 Oct 2012 | 9:32 AM ET

    DOWNEY, Calif.-- Authorities say a man held for questioning matches the description of a gunman who killed three people and critically wounded two others at a family-owned fire extinguisher business and a relative's nearby home in suburban Los Angeles.

  • China passes law to curb abuse of mental hospitals Friday, 26 Oct 2012 | 9:31 AM ET

    BEIJING-- China's legislature on Friday passed a long-awaited mental health law that aims to prevent people from being involuntarily held and unnecessarily treated in psychiatric facilities _ abuses that have been used against government critics and triggered public outrage.

  • ExxonMobil executive gunned down in Belgium Friday, 26 Oct 2012 | 9:27 AM ET

    BRUSSELS-- So far, it's still a mystery. Was the killing of Nicholas Mockford, a 60- year-old executive for ExxonMobil, the world's largest oil company, a car-jacking gone wrong?

  • Output challenge denies Big Oil best of Q3 bonanza Friday, 26 Oct 2012 | 9:24 AM ET

    LONDON/ SAN FRANCISCO, Oct 26- Top oil companies in the western world are missing out on the full benefits of strong crude prices because of costly production outages and delays in bringing on new capacity, third-quarter results are set to show. ``Earnings are... down 13 percent year-on-year, worse than the 2 percent decrease in Brent prices- once again demonstrating the majors' poor margin capture in a strong commodity price environment and rising cost pressures,'' said Credit Suisse analysts in a note on the top European players.

  • *Barnes Group 3Q net drops 20.5 percent Friday, 26 Oct 2012 | 9:23 AM ET
  • Dow Corning 3Q profit falls on European weakness Friday, 26 Oct 2012 | 9:19 AM ET

    MIDLAND, Mich.-- Dow Corning's third-quarter net income dropped 45 percent as polysilicon prices continued to fall because of industry oversupply and sales declined in Europe.

  • US growth figures shore up markets after Apple hit Friday, 26 Oct 2012 | 9:18 AM ET

    Both firms reported losses after the market close on Thursday, contributing to a sour trading session in Asia. "Strength in consumer spending remains an encouraging feature to today's report into the final quarter," said Andrew Wilkinson, chief economic strategist at Miller Tabak& Co. "As they say, never write off the consumer."

  • Oil rebounds to over $86 a barrel on US growth Friday, 26 Oct 2012 | 9:12 AM ET

    By early afternoon in Europe, benchmark oil for December delivery was up 22 cents to $86.27 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 32 cents to finish at $86.05 a barrel in New York on Thursday. In London, Brent Crude was up 45 cents to $108.94 on the ICE Futures exchange.

  • LifePoint 3Q income halved; company cuts outlook Friday, 26 Oct 2012 | 9:11 AM ET

    LifePoint runs 56 hospitals in rural areas, up 10 percent from a year ago, in 19 states. Excluding one-time items, LifePoint said it earned 60 cents per share. LifePoint said its revenue will be between $3.35 billion to $3.4 billion.

  • Toyota widens global sales lead over GM in 3Q Friday, 26 Oct 2012 | 9:08 AM ET

    DETROIT-- Toyota has widened its global sales lead over General Motors because its factories have recovered from last year's earthquake. Toyota could face a slowdown in the fourth quarter as sales fall in China. Anti-Japanese sentiment flared in China after Japan nationalized tiny islands in the East China Sea.

  • HONG KONG, Oct 26- Hong Kong shares snapped a ten-day winning streak on Friday, as the Hang Seng Index retreated from 2012 highs, dragged down by China Unicom's 7.6 percent slump after posting disappointing third quarter corporate earnings.