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  • Alleged UBS rogue trader denies $2.3 billion fraud Friday, 26 Oct 2012 | 9:55 AM ET

    LONDON-- A former UBS trader accused of losing $2.3 billion through reckless deals and deceit broke down in tears in court as he insisted he is not guilty of fraud. Kweku Adoboli took the stand for the first time Friday, six weeks into his trial for fraud and false accounting. He was arrested in September 2011 after UBS discovered irregularities in its records.

  • Offutt scores TV success, ready to abandon it Friday, 26 Oct 2012 | 9:54 AM ET

    NASHVILLE, Tenn.-- Chris Offutt doesn't have HBO, so he's going to head over to a neighbor's house Sunday night to watch "Treme." He's felt the lure of Hollywood, heard the Sirens in the distance. And the 54- year-old Kentucky native has experienced enough success as a screenwriter and story editor on TV's brainiest shows that it felt real.

  • Sandy pounds Bahamas after killing 29 in Caribbean Friday, 26 Oct 2012 | 9:54 AM ET

    NASSAU, Bahamas-- Hurricane Sandy raged through the Bahamas early Friday after leaving 29 people dead across the Caribbean, following a path that could see it blend with a winter storm to hit the U.S. East Coast with a super-storm next week.

  • UBS "rogue trader" cries after entering witness box Friday, 26 Oct 2012 | 9:53 AM ET

    LONDON, Oct 26- Accused UBS fraudster Kweku Adoboli cried within seconds of entering the witness box at his trial in London on Friday. Adoboli's defence counsel Paul Garlick started by asking him some questions about his early life and family.

  • China expels Bo from legislature, set for trial Friday, 26 Oct 2012 | 9:52 AM ET

    BEIJING-- Chinese lawmakers stripped disgraced politician Bo Xilai of his last official position Friday, formally expelling him from the country's top legislature and clearing the way for criminal proceedings against the once-rising political star.

  • Ryan raising money in solidly Republican states Friday, 26 Oct 2012 | 9:51 AM ET

    GREENVILLE, S.C.-- John McCain's presidential bid won South Carolina by 9 percentage points four years ago. Yet, this year's GOP vice presidential nominee, Paul Ryan, is campaigning in these reliably Republican states _ to pick up cash more than extra votes.

  • SC ed agency: $67M is cost for lost increases Friday, 26 Oct 2012 | 9:50 AM ET

    COLUMBIA, S.C.-- Bringing South Carolina teachers' salaries back on track following several years of frozen salary schedules could cost $67 million, the state education agency reported Thursday. But state schools chief Mick Zais opposes such state intervention, saying any catch-ups should be locally funded.

  • DC leaders say Obama has done little for them Friday, 26 Oct 2012 | 9:50 AM ET

    WASHINGTON-- President Barack Obama carried the nation's capital in 2008 with 92 percent of the vote, and some local activists hoped he would push to give the District of Columbia representation in Congress and more autonomy in local affairs. Even Obama's staunchest local defenders are upset he's not more vocal on issues important to them.

  • Scientist being sentenced in Utah for trade theft Friday, 26 Oct 2012 | 9:49 AM ET

    SALT LAKE CITY-- A sentencing hearing for a scientist who has pleaded guilty in Utah's first industrial espionage case turned on testimony Thursday about the damage to a chemical company. Federal investigators say the 42- year-old chemist emailed a secret drug recipe from a Utah company to a brother-in-law in India.

  • Newsome: SC has advantage before harbor deepening Friday, 26 Oct 2012 | 9:48 AM ET

    NORTH CHARLESTON, S.C.-- South Carolina State Ports Authority chief Jim Newsome said Thursday that while ports in the Southeast are racing to deepen their channels, Charleston has a competitive advantage in attracting shipping lines in the years before those projects can be completed.

  • Vast Broadway costume collection on display in Fla Friday, 26 Oct 2012 | 9:47 AM ET

    POMPANO BEACH, Fla.-- Box by box they arrived, the once glittering costumes of Broadway legends and theatre memorabilia, now dirty, tattered and forgotten.

  • Navy sending fewer ship mattresses to landfills Friday, 26 Oct 2012 | 9:46 AM ET

    But unlike other ships the Navy has decommissioned, these mattresses won't be heading to a local landfill following the Dec. 1 inactivation. The Navy will send the mattresses to a company in South Carolina as part of a pilot program to break the mattresses down and recycle their springs and foam for other uses.

  • SHANGHAI, Oct 26- China's yuan hit its strong-side limit with Friday's first trade and firmly hugged the trading band boundary all day until weakening suddenly before the market close. The yuan opened at the lower limit of 6.2380, its strongest level ever, and held steady until just before 4 pm, when it dropped to a close of 6.2489, reversing all of the day's gains.

  • *Aon's profit, revenue up slightly, shares up Friday, 26 Oct 2012 | 9:45 AM ET
  • Coca-Cola steps up investment in Vietnam Friday, 26 Oct 2012 | 9:44 AM ET

    NEW YORK-- The Coca-Cola Co. and its bottlers say they're more than doubling their investment Vietnam over the next few years, as the world's biggest beverage maker intensifies its push to capitalize on emerging markets.

  • Better GDP report sends stocks slightly higher Friday, 26 Oct 2012 | 9:44 AM ET

    Stocks are edging higher in early trading on Wall Street after the government reported a slight pickup in U.S. economic growth. The gains were held in check by poor earnings reports from Goodyear Tire& Rubber and the lumber and real estate company Weyerhauser.

  • American Axle shares tumble on $8.1M 3Q loss Friday, 26 Oct 2012 | 9:42 AM ET

    DETROIT-- American Axle& Manufacturing Holdings Inc. said Wednesday that it posted an $8.1 million third-quarter loss due to the cost of closing factories and refinancing its debt.

  • Campaigns deploy radio ads to gin up base voters Friday, 26 Oct 2012 | 9:42 AM ET

    ST. PETERSBURG, Fla.-- Drivers listening to adult contemporary radio along Interstate 4 in central Florida are hearing ads like this: " President Obama raised taxes on Florida's small businesses, and his defense cuts will weaken our military and put thousands more Florida families out of work.

  • *Families of mall fire victims demand Qatar trial Friday, 26 Oct 2012 | 9:41 AM ET
  • East Coast braces for monster 'Frankenstorm' Friday, 26 Oct 2012 | 9:40 AM ET

    WASHINGTON-- The pre- Halloween hybrid weather monster that federal forecasters call "Frankenstorm" is looking more ominous by the hour for the East Coast, and utilities and local governments are getting ready. The stage is set as Hurricane Sandy, having blown through Haiti and Cuba, continues to barrel north.