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  • Oil price jumps above $92 a barrel Tuesday, 9 Oct 2012 | 3:18 PM ET

    The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. On the New York Mercantile Exchange:. Benchmark crude rose $3.06 to finish at $92.39 per barrel.

  • Gold down after another report shows weaker growth Tuesday, 9 Oct 2012 | 3:11 PM ET

    NEW YORK-- The price of gold fell more than $10 an ounce Tuesday after the International Monetary Fund cut its forecast for world economic growth. Gold for December delivery fell $10.70 an ounce to close at $1,765. December silver fell 3.2 cents per ounce to $33.985, and January platinum lost $3.50 to close at $1,695.30 per ounce.

  • NJ moves to combat unemployment benefit fraud Tuesday, 9 Oct 2012 | 3:06 PM ET

    TRENTON, N.J.-- New Jersey state labor officials have taken another step to combat the theft of unemployment benefits. Officials say anti-fraud efforts over the last 18 months have saved New Jersey $153 million.

  • Alcoa, Aluminum Bahrain reach $85M settlement Tuesday, 9 Oct 2012 | 3:06 PM ET

    NEW YORK-- Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain- controlled company overpaying for raw materials. Alcoa agreed to pay $85 million in cash to Aluminum Bahrain BSC, or Alba, without admitting liability.

  • Jury being picked in teen Craigslist killings case Tuesday, 9 Oct 2012 | 3:06 PM ET

    AKRON, Ohio-- Jury selection began Tuesday in the murder trial of a teenager who was befriended by a self-styled chaplain accused in a deadly scheme to lure victims with phony Craigslist job offers. He and his co-defendant, Richard Beasley, 53, of Akron, have pleaded not guilty.

  • Century Aluminum rejects W.Va. power proposal Tuesday, 9 Oct 2012 | 3:05 PM ET

    CHARLESTON, W.Va.-- Century Aluminum Co. is rejecting a proposal meant to aid the restart of its West Virginia smelter. The California- based metals producer announced Tuesday that the electricity rate offer from the state Public Service Commission falls short.

  • Civil war leaves Syrian economy, cities in ruins Tuesday, 9 Oct 2012 | 2:58 PM ET

    BEIRUT-- In Syria's cities and towns, entire blocks of apartment buildings have been shattered, their top floors reduced to pancaked slabs of concrete. Although there are some pockets of Syria that have been relatively shielded from the conflict, the destruction in most of the country's major cities is staggering.

  • Orbotech lowers 2012 revenue guidance Tuesday, 9 Oct 2012 | 2:51 PM ET

    Orbotech Ltd. lowered its full-year revenue forecast on Tuesday, saying the tough economy is pressuring its customers. Orbotech said that it expects to generate revenue of roughly $400 million for the year, down from its prior forecast of $430 million to $450 million.

  • Activists plan to sue Entergy over nuclear plant Tuesday, 9 Oct 2012 | 2:50 PM ET

    The three activists, represented by Ecolaw, notified the Environmental Protection Agency on Friday of their intent to sue the plant's owner, New Orleans- based Entergy Corp. They say the Plymouth plant damaged the local ecology by discharging chemical pollution and water heated far above allowed standards.

  • *US pilots to be retried for Brazil airline crash Tuesday, 9 Oct 2012 | 2:48 PM ET
  • News Summary: Gas prices in California inch higher Tuesday, 9 Oct 2012 | 2:45 PM ET

    PRICEY FILL `ER UP: The average price of regular gas in California inched up to $4.671 a gallon, making it the highest in the nation for another day. WINTER COMING: Officials expect prices to fall after the governor ordered the release of a dirtier blend of gasoline to help slash record-high pump prices.

  • Activists plan to sue Mass. nuclear plant owner Tuesday, 9 Oct 2012 | 2:40 PM ET

    The three activists, represented by Ecolaw, notified the Environmental Protection Agency on Friday of their intent to sue the plant's owner, New Orleans- based Entergy Corp. They say the Plymouth plant damaged the local ecology by discharging chemical pollution and water heated far above allowed standards.

  • Okla. general revenue receipts increase in Sept. Tuesday, 9 Oct 2012 | 2:33 PM ET

    OKLAHOMA CITY-- After a disappointing revenue report in August, Oklahoma finance officials are reporting collections to the state's general revenue fund returned to positive territory in September.

  • News Summary: Japan cars suddenly lemons in China Tuesday, 9 Oct 2012 | 2:28 PM ET

    The islands, called Senkaku in Japan and Diaoyu in China, were already under Tokyo's control but are also claimed by Beijing. BAD ROAD TRIP: Toyota Motor Corp. said that sales of new vehicles in China dropped 48.9 percent in September from a year earlier.

  • Movers roundup: Questcor, Penn Virginia Tuesday, 9 Oct 2012 | 2:16 PM ET

    Among the stock activity stories for Tuesday, Oct. 9, from AP Business News:. _ Shares of Questcor Pharmaceuticals Inc., which had lost 60 percent of their value in the last four weeks, recovered some lost ground Tuesday after a Jefferies& Co. analyst upgraded the biopharmaceutical company's stock.

  • Mexican labor dispute weighs on Endeavour shares Tuesday, 9 Oct 2012 | 2:15 PM ET

    Shares of Endeavour Silver Corp. fell Tuesday after the silver miner said that an "illegal work stoppage" was blocking access to some mines in Mexico.

  • *United Refining to buy Phillips 66 terminal Tuesday, 9 Oct 2012 | 2:15 PM ET
  • News Summary: Island standoff hits Japan business Tuesday, 9 Oct 2012 | 2:12 PM ET

    MAD: Economic shockwaves are striking Japan after it nationalized tiny, uninhabited islands, which were already under Tokyo's control but are also claimed by Beijing. The claim on the islands, called Senkaku in Japan and Diaoyu in China, set off violent protests in China, and a widespread call to boycott Japanese goods.

  • Movers roundup: Research In Motion, RadioShack Tuesday, 9 Oct 2012 | 2:12 PM ET

    Among the stock activity stories for Tuesday, Oct. 9, from AP Business News:. _ Shares of Research In Motion Ltd., the maker of the BlackBerry phones, fell after an analyst said the company's new operating system will launch later than he had expected.

  • News Summary: Little progress on European banks Tuesday, 9 Oct 2012 | 2:10 PM ET

    LITTLE PROGRESS: Europe made little progress Tuesday in its efforts to secure the region's stricken financial system when finance ministers from the European Union failed to agree on how a single banking supervisor should be set up.

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