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  • Raytheon posts flat 3Q net income on lower revenue Thursday, 25 Oct 2012 | 9:36 AM ET

    WALTHAM, Mass.-- Raytheon Co. said Thursday that third-quarter income was flat, hurt by a slight drop in revenue and tough comparisons to a prior-year quarter boosted by a hefty tax-related gain. But the profit beat Wall Street predictions and the defense contractor boosted its profit prediction for the full year.

  • National Oilwell 3Q profit rises on overseas sales Thursday, 25 Oct 2012 | 9:36 AM ET

    HOUSTON-- National Oilwell Varco Inc. said Thursday that third-quarter profit rose 14 percent, and it predicted strong fourth-quarter demand for drilling rigs used in deep water. Net income was $612 million, or $1.43 per share, compared with $532 million, or $1.25 per share, a year earlier.

  • UPDATE 1-Strengthening Hurricane Sandy slams into Cuba Thursday, 25 Oct 2012 | 9:34 AM ET

    *Makes landfall southwest of Santiago de Cuba. HAVANA, Oct 25- Hurricane Sandy, strengthening rapidly after crossing the warm Caribbean Sea, slammed into southeastern Cuba early on Thursday with 105 mph winds that cut power and blew over trees across the city of Santiago de Cuba.

  • *Journal Communications earnings rise 73 percent Thursday, 25 Oct 2012 | 9:32 AM ET
  • How states fared on applications for jobless aid Thursday, 25 Oct 2012 | 9:32 AM ET

    California: Up 26,935, due to layoffs in all sectors, particularly the service industry. Florida: Up 3,947, due to layoffs in agriculture, construction, manufacturing, retail and services. Ohio: Up 1,936, due to layoffs in transportation and manufacturing.

  • HONG KONG/ SHANGHAI, Oct 25- Hong Kong's commitment to its 29- year-old currency peg to the U.S. dollar risks making the already pricey city even more expensive as policymakers try to manage a wave of foreign money seeking to cash in on a potential Chinese recovery.

  • Brash Tokyo governor quits to form political party Thursday, 25 Oct 2012 | 9:27 AM ET

    Shintaro Ishihara, who recently played a key role in reviving a bitter territorial dispute with China, told a packed news conference that he wants to fix the nation's fiscal and political problems.

  • AP Interview: Japan nuke plant water worries rise Thursday, 25 Oct 2012 | 9:25 AM ET

    TOKYO-- Japan's crippled nuclear power plant is struggling to find space to store tens of thousands of tons of highly contaminated water used to cool the broken reactors, the manager of the water treatment team said.

  • ZTE posts a first quarterly loss, margins bleed Thursday, 25 Oct 2012 | 9:24 AM ET

    HONG KONG, Oct 25- ZTE Corp, the world's fourth-biggest maker of mobile phones and fifth-ranked telecommunications equipment manufacturer, reported a net loss of 1.95 billion yuan for July-September, its first quarterly loss on record, as margins thinned, overseas projects were delayed and it made accounting changes at home in China.

  • News Summary: McKesson buying PSS World for $1.46B Thursday, 25 Oct 2012 | 9:24 AM ET

    THE BUY: Prescription drug distributor McKesson Corp. said Thursday it will buy PSS World Medical Inc., a medical supply distributor, for $1.46 billion, or $34 per share. THE PRICE: McKesson valued the deal at $2.1 billion including debt.

  • 2 associates of ex-Cowboy Lockhart get prison Thursday, 25 Oct 2012 | 9:24 AM ET

    DALLAS-- Two business associates of former Dallas Cowboys linebacker Eugene Lockhart Jr. have been sentenced to prison in a $20 million mortgage scam. A federal judge in Dallas on Wednesday sentenced William Randolph Tisdale Jr. to 10 years for conspiracy to commit wire fraud and bank fraud.

  • *Obama lobbies casino workers in late-night pitch Thursday, 25 Oct 2012 | 9:24 AM ET
  • Biases on beauty draw Thais to illegal surgery Thursday, 25 Oct 2012 | 9:23 AM ET

    BANGKOK-- Her dream was to look less Thai and more like Jennifer Lopez, so the 25- year-old street food vendor went to the Internet and typed in "cheap Botox." That was the start of a five-year makeover for Ratphila Chairungkit that included two nose jobs, two eye-widening surgeries, chin augmentation, lip trimming, skin whitening and dozens of Botox-type injections.

  • Durable orders show business investment still weak Thursday, 25 Oct 2012 | 9:21 AM ET

    WASHINGTON-- U.S. companies remained cautious in September and held back on orders for long-lasting manufactured goods that signal investment plans. The Commerce Department said Thursday that orders for durable goods jumped 9.9 a percent last month.

  • Precision Castparts profit rises but misses views Thursday, 25 Oct 2012 | 9:21 AM ET

    PORTLAND, Ore.-- Precision Castparts Corp. said Thursday its fiscal second-quarter net income rose 13 percent on demand for commercial airplane parts and the benefit of recent acquisitions. The company earned $332.7 million, or $2.29 per share, compared with $294.7 million, or $2.07 per share, a year earlier.

  • SKorea president's son summoned over land scandal Thursday, 25 Oct 2012 | 9:21 AM ET

    SEOUL, South Korea-- It's almost a rite of South Korean politics: As a president's single five-year term nears its end, a feeding frenzy of aggressive corruption allegations begins. On Thursday, special prosecutors summoned Lee's son, Lee Si- hyung, for questioning over a now scrapped deal to buy land for Lee's retirement home. Lee Si- hyung bought part of the land.

  • Big jump in young adults moving out of state Thursday, 25 Oct 2012 | 9:20 AM ET

    The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.

  • Chinese police offer cash for tips on immolators Thursday, 25 Oct 2012 | 9:19 AM ET

    BEIJING-- Police in a heavily Tibetan region of far west China are offering tipsters a reward of $7,700 for information about planned self-immolations in a bid to stem a tide of fiery protests against Chinese rule.

  • Shell buying North Sea fields from Hess for $525M Thursday, 25 Oct 2012 | 9:19 AM ET

    Royal Dutch Shell plc, Europe's largest oil company, is expanding its substantial presence in the North Sea with a $525 million purchase of stakes in oil fields there from Hess Corp.. The fields are operated by a separate company, Apache Corp.. Hess, which is based in New York, has sold off $2.4 billion worth of assets this year.

  • Simon Property's 3rd-qtr helped by increased rents Thursday, 25 Oct 2012 | 9:17 AM ET

    INDIANAPOLIS-- Shopping mall operator Simon Property Group said Thursday that a key measure of profitability rose in its third quarter as rents increased and occupancy improved. Simon Property Group Inc.' s funds from operations, or FFO, rose to $720.1 million, or $1.99 per share, from $606.2 million, or $1.71 per share, a year earlier.