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  • News Summary: US gun industry thriving under Obama Friday, 19 Oct 2012 | 3:20 PM ET

    GUNS GUNS GUNS: An analysis by The Associated Press of data tracking the health of the gun industry shows that President Barack Obama has presided over a heyday for guns. WHAT'S HAPPENED: Sales are on the rise, so much that some manufacturers cannot make enough fast enough.

  • Ailes re-ups as Fox News chief for 4 more years Friday, 19 Oct 2012 | 3:20 PM ET

    NEW YORK-- News Corp. said Friday that Fox News chief executive Roger Ailes has signed a new four-year contract. Ailes, 72, first joined News Corp. in 1996. He will continue to oversee Fox News, the Fox Business Network, the Fox TV stations, Twentieth Television and MyNetwork TV.

  • Oil falls near $90 per barrel on economic concern Friday, 19 Oct 2012 | 3:18 PM ET

    On the New York Mercantile Exchange:. _ Benchmark crude fell $2.05 to end at $90.05 per barrel. _ Heating oil fell 5.21 cents to end at $3.1345 per gallon.

  • Oil prices fall on fresh worries about economy Friday, 19 Oct 2012 | 3:16 PM ET

    Benchmark oil fell $2.05 to finish at $90.05 per barrel in New York. Brent crude, which is used to price international varieties of oil, dropped $2.28, or 2 percent, to end at $110.14 per barrel in London. Several companies delivered weaker-than-expected third-quarter results, including Microsoft and McDonald's.

  • Scripps grandson dies; investors eye family sale Friday, 19 Oct 2012 | 3:15 PM ET

    LOS ANGELES-- Shares of HGTV and Food Network owner Scripps Networks Interactive Inc. rose nearly 6 percent before giving back most of the gains on Friday after the death of a grandson of founder Edward W. Scripps prompted speculation that the family might sell its controlling stake.

  • Steelers ex-doc has no comment on steroid charges Friday, 19 Oct 2012 | 3:08 PM ET

    PITTSBURGH-- A former Pittsburgh Steelers doctor and his defense attorney declined to comment at his initial federal court appearance on illegal steroid-distribution and other charges. Richard Rydze to be jailed over the weekend until another appearance Monday.

  • Draft order would give companies cyberthreat info Friday, 19 Oct 2012 | 3:08 PM ET

    The order is taking shape as the Obama administration voices growing concern that Iran could be the first country to use cyberterrorism against the United States. The White House declined to say when the president will sign the order. Congress failed this summer to pass cybersecurity legislation.

  • News Summary: Fatal air crash decline challenges Friday, 19 Oct 2012 | 3:08 PM ET

    FRIENDLY SKIES: It's been 43 months since the last deadly airline crash in the U.S., the longest such period since after World War II. Federal rules assign a value of $6.2 million to each life saved. SLEEPY PILOTS: Last year, the FAA revised rules on pilot work schedules to address concerns that tired pilots were making mistakes, sometimes with fatal results.

  • Earnings schedule for week of 10/22/2012 Friday, 19 Oct 2012 | 3:06 PM ET

    Caterpillar Inc. reports quarterly financial results. Hasbro Inc. reports quarterly financial results. Peabody Energy Corp. reports quarterly financial results.

  • Copper, other metals sink as economic outlook dims Friday, 19 Oct 2012 | 3:02 PM ET

    Microsoft, McDonald's and General electric all fell sharply after reporting disappointing results for the third quarter.

  • US gun industry is thriving during Obama's term Friday, 19 Oct 2012 | 2:58 PM ET

    WASHINGTON-- Tennessee lawyer Brian Manookian says he never considered himself a gun enthusiast. He owns just one handgun and was raised in a gun-free home. An analysis by The Associated Press of data tracking the health of the gun industry shows that President Barack Obama has presided over a heyday for guns.

  • News Summary: US home sales dip 1.7 percent Friday, 19 Oct 2012 | 2:56 PM ET

    SALES DIP: U.S. home sales dropped 1.7 percent in September to a seasonally adjusted annual rate of 4.75 million, the National Association of Realtors said. That's down from a rate of 4.83 million in August, which was the highest in more than two years. UPWARD TREND: Sales are up 11 percent from a year earlier, a sign of the housing market's steady recovery.

  • Biogen slips as FDA extends review of MS drug Friday, 19 Oct 2012 | 2:53 PM ET

    NEW YORK-- Shares of Biogen Idec Inc. continued to slump Friday after the company said the Food and Drug Administration has delayed a decision on its multiple sclerosis pill BG-12.

  • US count up 4 to 1,839 rigs exploring for oil, gas Friday, 19 Oct 2012 | 2:51 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,410 rigs were exploring for oil and 427 were searching for gas. A year ago, Baker Hughes listed 2,013 rigs. Of the major oil- and gas-producing states, Alaska gained five rigs while Arkansas, Colorado and North Dakota rose by two each.

  • UPS expected to post flat 3Q profit Friday, 19 Oct 2012 | 2:49 PM ET

    NEW YORK-- United Parcel Service Inc. is expected to offer a subdued view of the global economy when it reports its third-quarter results before the market opens Tuesday. Smaller rival FedEx Corp. said the same in September. Last month FedEx unveiled a plan to boost profit by $1.7 billion annually by shedding jobs, aircraft and underused assets.

  • Capital One shares rise on strong 3Q results Friday, 19 Oct 2012 | 2:48 PM ET

    NEW YORK-- Shares of Capital One Financial Corp. rose to a nearly five-year high Friday, as recent big acquisitions helped the bank grow net income 47 percent in the third quarter. THE SPARK: Capital One on Thursday said that it earned $1.17 billion, or $2.01 per share for the three months ended Sept. 30.

  • NY attorney general sues Queens beauty school Friday, 19 Oct 2012 | 2:44 PM ET

    ALBANY, N.Y.-- New York Attorney General Eric Schneiderman has sued a Queens beauty school, claiming it convinced hundreds of students to pay course fees but failed to train them as nail specialists.

  • Texas' high court upholds franchise tax Friday, 19 Oct 2012 | 2:31 PM ET

    AUSTIN, Texas-- The Texas Supreme Court on Friday upheld the state's much-maligned business tax that provides the second-biggest source of general revenue, preserving current rules for now before lawmakers potentially overhaul the law next year.

  • Banana Boat recalls sunscreen due to fire risk Friday, 19 Oct 2012 | 2:30 PM ET

    WASHINGTON-- The maker of Banana Boat sunscreen is recalling a half-million bottles of spray-on lotion after reports that a handful of people have caught on fire after applying the product and coming in contact with open flames.

  • Indiana's unemployment drops to 8.2 percent again Friday, 19 Oct 2012 | 2:29 PM ET

    INDIANAPOLIS-- The state Department of Workforce Development says Indiana's unemployment rate was 8.2 percent in September, the first drop in in five months even though the state lost 6,000 private-sector jobs. The 8.2 percent rate matches the unemployment rate for Indiana in July and is a full percentage point lower than it was in September 2011.