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  • Oil rises to near $87 after 7 percent weekly fall Thursday, 25 Oct 2012 | 8:40 AM ET

    By early afternoon in Europe, benchmark crude for December delivery was up 96 cents to $86.69 a barrel in electronic trading on the New York Mercantile Exchange. "The release of the weekly EIA oil inventories report surprised the markets, raising serious concerns about the levels of the oil demand," said a report from Sucden Financial Research in London.

  • FOREX-Yen weakens broadly on easing bets; euro recovers Thursday, 25 Oct 2012 | 8:40 AM ET

    LONDON, Oct 25- The dollar hit a four-month high against the yen on Thursday as expectations of more monetary easing from the Bank of Japan kept the Japanese currency under broad pressure. The euro also rose against the yen, helped by European Central Bank President Mario Draghi's robust defence of his bond-buying plan before German lawmakers.

  • Weekly US jobless aid applications fall to 369K Thursday, 25 Oct 2012 | 8:36 AM ET

    WASHINGTON-- Weekly applications for U.S. unemployment aid fell last week to a seasonally adjusted 369,000, a level consistent with modest hiring. The Labor Department said Thursday that unemployment benefit applications dropped by 23,000, from a revised 392,000 the previous week.

  • US durable goods orders up 9.9 percent Thursday, 25 Oct 2012 | 8:35 AM ET

    WASHINGTON-- Orders for long-lasting U.S. manufactured goods surged in September by the largest amount in nearly three years, reflecting a rebound in aircraft orders. But a key category that tracks business investment showed weakness for a fourth straight month, indicating companies remain uncertain about the future.

  • Alaska Air's 3Q profit more than doubles Thursday, 25 Oct 2012 | 8:34 AM ET

    SEATTLE-- Alaska Airlines' parent company more than doubled third-quarter profit as traffic grew and its planes were fuller. Alaska Air Group Inc. said Thursday that net income rose to $163.4 million, or $2.27 per share, compared with $77.5 million, or $1.06 per share, a year ago. The figures include Alaska Airlines and Horizon Air.

  • EXCLUSIVE-Huawei partner offered U.S. tech to Iran Thursday, 25 Oct 2012 | 8:30 AM ET

    LONDON, Oct 25- An Iranian partner of Huawei Technologies Co Ltd, a Chinese company that has denied breaking U.S. sanctions, last year tried to sell embargoed American antenna equipment to an Iranian firm, according to documents and interviews.

  • Cash America's revenue up, income hurt by charges Thursday, 25 Oct 2012 | 8:28 AM ET

    FORT WORTH, Texas-- Cash America, a pawn shop and payday lender, on Thursday reported a big drop in earnings but still beat Wall Street's expectations for the third quarter. Cash America International Inc. makes money from loans to consumers, from service fees and from selling jewelry, electronics and other goods in its pawn shops.

  • New terrorism charge in DC lobbying group attack Thursday, 25 Oct 2012 | 8:26 AM ET

    The new charge is for Floyd Lee Corkins II, who was arrested in August and charged with opening fire inside the lobby of the Family Research Council building in downtown Washington.

  • JetBlue 3Q net income rises 29 percent Thursday, 25 Oct 2012 | 8:25 AM ET

    NEW YORK-- JetBlue Airways Corp. said Thursday its third-quarter net income rose 29 percent as higher traffic from an ongoing expansion in Boston and the Caribbean offset the impact of slightly lower fares. The New York airline earned $45 million, or 14 cents per share, compared with $35 million, or 11 cents per share, in the third quarter a year ago.

  • In Latin America, incumbents increasingly dominate Thursday, 25 Oct 2012 | 8:21 AM ET

    CARACAS, Venezuela-- After four election wins, Venezuelan President Hugo Chavez is on track to completing at least 20 years in power, and supporters such as street bookseller Cristina Tovar say they're glad to have him in charge.

  • Bettman says full NHL season unrealistic Thursday, 25 Oct 2012 | 8:20 AM ET

    Speaking at a news conference Wednesday announcing the New York Islanders' move from Nassau Coliseum to Brooklyn's Barclays Center in 2015, Bettman seemed resigned to a shortened season with the NHL and the players' association still at odds after months of negotiations.

  • BEELAHERI, India, Oct 25,- India is shaking up the way it gets billions of welfare dollars to the poor with a plan that could one day reshape the economy and tackle graft keeping millions in poverty, but in one small town a pilot of the new system is proving unpopular.

  • PulteGroup returns to profit in 3Q, orders rise Thursday, 25 Oct 2012 | 8:18 AM ET

    BLOOMFIELD HILLS, Mich.-- Rising orders for new homes and rising prices hurtled PulteGroup back into a profitable third quarter, its best since before the real estate market crashed. PulteGroup, free of a hefty impairment charge it recorded last year, breezed past Wall Street expectations and the average selling price climbed 6 percent to $279,000.

  • *Q3 sales fall 19 pct to $6.68 bln vs consensus $6.75 bln. Core EPS $1.51 vs consensus $1.44; full-year outlook held. LONDON, Oct 25- AstraZeneca's sales slumped by a bigger-than-expected 19 percent in the third quarter, underscoring the challenges confronting the drugmaker's new chief executive, Pascal Soriot.

  • Ryan: Poverty winning in 'war on poverty' Thursday, 25 Oct 2012 | 8:16 AM ET

    CLEVELAND-- Republican vice presidential nominee Paul Ryan said Wednesday that, "in this war on poverty, poverty is winning" and he called for a retooled approach to help the 46 million people who are living in it.

  • European shares rise as China outlook helps lift miners Thursday, 25 Oct 2012 | 8:16 AM ET

    *China factory outlook boosts miners. *WPP, Daimler fall after earnings updates. LONDON, Oct 25- European stocks edged higher on Thursday led by miners after China said factory output was set to accelerate, but profit warnings hit WPP and Daimler.

  • Ball Corp. 3Q profit falls on plant closure costs Thursday, 25 Oct 2012 | 8:15 AM ET

    Can maker Ball Corp. said Thursday that its third-quarter net income fell 13 percent, hurt mainly by hefty costs related to the shutdown of plants in Ohio and Florida. Ball announced plans to shut down the plants in Ohio and Florida in August, part of a plan to consolidate its beverage can manufacturing business.

  • Carter's 3Q profit up as overseas business grows Thursday, 25 Oct 2012 | 8:15 AM ET

    Carter's earned $59.4 million, or 99 cents per share, compared with $34.4 million, or 58 cents per share, in the prior-year period. Revenue for the three months ended Sept. 29 climbed 5 percent to $668.7 million from $639.6 million, but missed Wall Street's estimate of $682.6 million.

  • Number of murdered Somali reporters grows to 16 Thursday, 25 Oct 2012 | 8:13 AM ET

    The irony for journalists is that Mogadishu, on the whole, is far safer than it was when the Islamist extremists, al-Shabab, controlled most of the city from 2007-2011. African Union troops forced al-Shabab out in August 2011, leading to less violence and a general revival of business, the arts and sports.

  • Union says Ford cutting 1,500 UK jobs Thursday, 25 Oct 2012 | 8:12 AM ET

    LONDON-- A union representing Ford workers says the company will cut 1,500 jobs in Britain, closing a transit van plant in Southampton and eliminating a stamping and tooling facility in east London.