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  • Asia stocks up despite global growth warnings Monday, 8 Oct 2012 | 10:54 PM ET

    Stock markets gains in Asia came despite the International Monetary Fund cutting its forecast for global economic growth, just a day after the World Bank issued a warning about a slackening expansion in Asia. "Asia has grown nearly 32 in the four years since Lehman Brothers collapsed," analysts at DBS Bank Ltd. in Singapore said in a market commentary. "

  • California settles over end-of-life policies Monday, 8 Oct 2012 | 9:50 PM ET

    SACRAMENTO, Calif.-- California officials have reached a $25 million settlement with a company that sells end-of-life policies through funeral planners, state Controller John Chiang announced Monday.

  • Alaska Airlines: Operations returning to normal Monday, 8 Oct 2012 | 9:30 PM ET

    SEATTLE-- Alaska Airlines said flights were running close to normal late Monday after a fiber-optic outage shut down its ticketing system for more than four hours, causing the airline and its regional carrier to cancel 78 flights, affecting nearly 7,000 customers. The problems were caused by two severed fiber-optic lines in Sprint's network.

  • Judge suspends hearings into Calif. pipeline blast Monday, 8 Oct 2012 | 8:43 PM ET

    The California Public Utilities Commission has been holding public hearings over the Sept. 9, 2010, blast that killed eight people, injured others and destroyed dozens of homes in the bedroom community of San Bruno. Democratic Assemblyman Jerry Hill of San Mateo and San Bruno Mayor Jim Ruane urged the judge to continue open hearings.

  • IMF offers bleak assessment of stalled recovery Monday, 8 Oct 2012 | 8:19 PM ET

    TOKYO-- Plagued by uncertainty and fresh setbacks, the world economy has weakened further and will grow more slowly over the next year, the International Monetary Fund says in its latest forecast. Conditions could worsen if the United States doesn't deal with its budget crisis soon, the IMF said.

  • Re-elected Chavez faces likely economic reckoning Monday, 8 Oct 2012 | 7:59 PM ET

    CARACAS, Venezuela-- During his re-election campaign, President Hugo Chavez promised to deepen the "21st century socialism" that has meant an ever-greater state role in the economy. Chavez faces immediate economic time bombs beginning with a rapidly expanding public debt, one of Latin America's highest inflation rates and a weakening currency.

  • Lengthy review possible at damaged Cal nuke plant Monday, 8 Oct 2012 | 7:52 PM ET

    SAN JUAN CAPISTRANO, Calif.-- Federal regulators disclosed Monday that the proposed restart of the long-shuttered San Onofre nuclear power plant in California could lead to an exhaustive review that might last months or even years.

  • *YouTube takes original programming venture abroad Monday, 8 Oct 2012 | 7:43 PM ET
  • NRC: Damaged Calif nuke plant may face long review Monday, 8 Oct 2012 | 7:12 PM ET

    SAN JUAN CAPISTRANO, Calif.-- Federal regulators say the proposed restart of the troubled San Onofre nuclear power plant in California could require a detailed review that might last months or even years.

  • Principal Financial to acquire Chile's AFP Cuprum Monday, 8 Oct 2012 | 6:49 PM ET

    DES MOINES, Iowa-- Principal Financial Group Inc. said Monday that it is buying AFP Cuprum S.A., a pension manager in Chile, for roughly $1.51 billion. Principal Financial said the deal will add to its existing business in Brazil, Chile and Mexico, to give the company an even larger presence in those emerging markets.

  • NY appeal court: Shooting victim may sue gun maker Monday, 8 Oct 2012 | 6:39 PM ET

    The ruling by the Appellate Division of the state Supreme Court reversed a lower court's 2011 dismissal of victim Daniel Williams' complaint, which accused Ohio gun maker Hi-Point and distributor MKS Supply Inc. of Ohio of intentionally supplying handguns to irresponsible dealers because they profited from sales to the criminal gun market.

  • Ex-governors oppose Oregon casino ballot measures Monday, 8 Oct 2012 | 6:37 PM ET

    PORTLAND, Ore.-- Three former Oregon governors are joining the current chief executive in opposing a proposal to build the state's first nontribal casino. Republican Vic Atiyeh and Democrats Barbara Roberts and Ted Kulongoski implored voters to oppose Measures 82 and 83, which would allow developers to build a casino in Portland's eastern suburbs.

  • Alaska Airlines operations returning to normal Monday, 8 Oct 2012 | 6:33 PM ET

    SEATTLE-- Alaska Airlines operations slowly were returning to normal Monday afternoon after a fiber-optic outage shut down its ticketing system for five hours, cancelling flights in Seattle and Los Angeles and causing delays across the airline's 64- airport network.

  • *Moody's cuts Cyprus' credit rating further Monday, 8 Oct 2012 | 6:32 PM ET
  • Laredo stockholders to sell 12.5 million shares Monday, 8 Oct 2012 | 6:31 PM ET

    TULSA, Okla.-- Laredo Petroleum Holdings Inc. said Monday that stockholders are selling 12.5 million shares in the company _ about 10 percent of the total outstanding shares _ through a secondary public offering.

  • GM to hire thousands of computer professionals Monday, 8 Oct 2012 | 6:30 PM ET

    BIG CHANGE: General Motors is setting up four technology innovation centers in the U.S. and plans to hire 10,000 computer specialists over the next three-to-five years. THE NEWS: GM announced on Monday that one of the centers would be in the Detroit suburb of Warren, Mich., on the site of its Technical Center.

  • A look at GM's technical innovation centers Monday, 8 Oct 2012 | 6:23 PM ET

    The company has announced the sites of the first two centers, in Austin, Texas, and suburban Detroit, but it won't comment on the other two. AUSTIN, Texas: GM picked the home of the University of Texas because of its rich base of high-tech workers.

  • Pipeline hearings suspended for closed talks Monday, 8 Oct 2012 | 6:20 PM ET

    CPUC Administrative Law Judge Mark Wetzell decided Monday to put one set of hearings on hold until Oct. 15 to allow PG&E to more quickly reach a settlement with other parties. Democratic Assemblyman Jerry Hill of San Mateo and San Bruno Mayor Jim Ruane had urged the judge to continue open hearings.

  • Famous Dave's names new CEO Monday, 8 Oct 2012 | 6:17 PM ET

    MINNEAPOLIS-- Famous Dave's of America Inc. on Monday named John Gilbert III the new CEO of the company, replacing Christopher O'Donnell, who served as head of the barbeque restaurant chain since 2008..

  • SpaceX launch good for NASA, not private firm Monday, 8 Oct 2012 | 6:08 PM ET

    WASHINGTON-- A private rocket successfully sent a capsule full of cargo zipping toward the International Space Station in a first of its kind delivery for NASA, but couldn't deliver on job No. 2: putting a commercial satellite into the correct orbit. It is the first of a dozen supply runs under a mega-contract with NASA.

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