NEW DELHI, Dec 12- An Indian court on Thursday accepted an appeal by Nokia to release its local factory after it was seized by authorities in a tax dispute, removing a hurdle to the sale of the company's mobile phone business to Microsoft. The plant in the southern city of Chennai is one of Nokia's biggest phone-making factories.» Read More
The company is one of the largest leaseholders in the Bakken shale region in North Dakota and Montana. Analyst Subash Chandra of Jefferies& Co. said that Continental's plan implies a cost of more than $11,000 per well. Shares of Continental Resources Inc. fell $1.01 to $75.50 in premarket trading.
TOLEDO, Ohio-- Owens Corning trimmed its earnings forecast for the year due to weakness in its roofing and composites businesses. Owens Corning now anticipates adjusted earnings before interest and taxes between $280 million and $310 million. Owens Corning cut its 2012 global glass fiber market demand growth estimate to about 3 percent.
WASHINGTON-- Nine years after the Supreme Court said colleges and universities can use race in their quest for diverse student bodies, the justices have put this divisive social issue back on their agenda in the middle of a presidential election campaign.
Shares of drugmaker Eli Lilly and Co. continued climbing Tuesday before markets opened, a day after the stock's price topped $50 for the first time in more than four years.
WASHINGTON-- Republican presidential candidate Mitt Romney says he has a plan to help people with pre-existing medical conditions get health insurance.
DALLAS-- First-quarter revenue at discount retailer Tuesday Morning rose slightly to $172.8 million, from $170.7 million, in the same quarter last year. Excluding one-time items, Tuesday Morning Corp. it expects its net loss for the quarter to "increase modestly" from the same quarter last year. Shares rose 6 cents to $6.28 in premarket trading.
Not helping him much is the Republican Party he leads. When talking with unaffiliated voters, "it's more important to sell Romney" than Republican policies, said Jordan McSwain, 19, who makes about 800 phone calls a week for GOP candidates from the central North Carolina town of Salisbury.
NEW YORK-- An analyst on Tuesday cut shares of power provider Edison International to "Hold," saying the stock won't likely grow enough this year to warrant a "Buy" rating. Paul Fremont of Jefferies& Co. cited uncertainty regarding a pending case on power rates, rising costs and a long-shuttered nuclear plant as major factors in the downgrade.
PHILADELPHIA-- It's not a reboot or relaunch.
The diner-style chain said on Tuesday it and regional partner Saleh Bin Lahej Group plan to open 40 restaurants starting next year across the United Arab Emirates, a seven-state federation that includes the cities of Dubai and Abu Dhabi.
A unionized job once meant a secure path to a middle-class life. President Barack Obama has signed a series of executive orders that encourage the use of union labor in federal construction projects, ease union financial reporting requirements and more.
WHITEHOUSE STATION, N.J.-- The drugmaker Merck& Co. announced Tuesday that it will move its global headquarters within New Jersey as it looks to lower operating expenses and consolidate its properties. The company's headquarters are moving about 25 miles east from Whitehouse Station to another Merck site in Summit, which is about 12 miles west of New York City.
PORT-AU-PRINCE, Haiti-- Haiti's government wants to raise $100 million for a special education fund by putting additional taxes on alcohol, cigarettes and gambling, the Caribbean nation's prime minister said Monday.
NEW YORK-- As many as 13,000 people received steroid shots suspected in a national meningitis outbreak, health officials said Monday. Those injected in joints are not believed to be at risk for fungal meningitis, said Curtis Allen, a spokesman for the Centers for Disease Control and Prevention.
LOS ANGELES-- Mitt Romney may want to reconsider his campaign strategy involving the pint-size voters of tomorrow. The Republican presidential candidate skipped the chance to take part in Nickelodeon's "Kids Pick the President" special that includes President Barack Obama, said Linda Ellerbee, the show's host and executive producer.
SAN FRANCISCO-- California has set a state record for gasoline prices _ but the hikes may be slowing. The highest average price in the state, at $4.75, is in the San Luis Obispo, Atascadero and Paso Robles area.
SAN FRANCISCO-- Exactly one month from Election Day, Republican Mitt Romney and President Barack Obama are both declaring they will win a race for the White House that remains anything but clear. Their trails are crossing again in Ohio, the state that could decide the election, and signs of urgency are emerging from each campaign.