GLASTONBURY, Conn.— The deep freeze that gripped the Northeast last winter dealt a severe blow to marinas and yacht clubs: Ice snapped pilings in half, shredded wooden docks and left behind wreckage that many compare to the effects of a hurricane. The marina was destroyed, "said Mindy Kahl, co-owner of Birbarie Marine on a river in Branford, Connecticut.» Read More
NEW YORK-- Janney Capital Markets cited the meteoric rise in Snap-On shares this as it stepped back from its "buy" rating Friday, a day after the stock was driven to an all-time high by a stellar third quarter. Wherley did question whether Snap-on has found the most profitable use for all of next year's expected free cash flow.
NEW YORK-- A pair of analysts lowered estimates for Supervalu on Friday after the grocery chain reported softer-than-expected second-quarter results. On Thursday Supervalu Inc., whose chains include Albertsons, Cub Foods, Jewel-Osco and Save-A-Lot, reported a loss of 52 cents per share.
PARMA, Ohio-- Lest anyone forget the importance of Ohio's white, working-class voters, President Barack Obama sent a clear reminder on Thursday. Clinton implored voters to reward Obama for bailing out the auto industry, which has deep roots in Ohio. Ohio is at the center of both Obama and Republican Mitt Romney's campaign strategies.
KeyCorp's rally may fade Friday, a day after better-than-expected third-quarter results pushed the bank's stock to near a 52- week high. After Thursday's 4.4 percent gain, KeyCorp shares are too expensive to merit a "Buy" rating, Citi Research analysts said in a note to clients Friday. KeyCorp closed Thursday at $8.78, up 14 percent this year.
NEW YORK-- ABC News said it wanted to step beyond reporting on the gang violence in Chicago to explore ways of reducing it. There have been more than 400 murders in Chicago this year, with the murder rate four times what it is in New York, ABC said.
MADRID-- Spain's Workers' Commissions union has called a general strike for Nov. 14, coinciding with similar protests in Portugal and Greece. Union spokesman Fernando Lezcano said it would be the first ever joint general strike in Iberian neighbors Spain and Portugal.
Todd Akin raised about $1.6 million for his Senate bid in the months after Republican Party officials sought to distance themselves from his comments on "legitimate rape," according to his filings with the Federal Election Commission.
RALEIGH, N.C.-- The head of the Democratic National Committee distanced herself Thursday from the effort to raise money for her party's 2012 convention in Charlotte, which fell millions short despite breaking a pledge to forgo cash from special interests.
Organizers said some 14 million people, including 9.3 million in California, signed up to participate. The drill was held in some Western and southeastern states, as well as Guam, Puerto Rico and parts of Canada and Italy.
MOSCOW-- Russia's Deputy Prime Minister Igor Shuvalov says the government might sell some of its shares in state-owned oil giant Rosneft. The Russian government owns about 75 percent of Rosneft and has been planning to lower its stake to 50 percent plus one share.
NEW YORK-- Tough competition in the U.S. and the weakening economy abroad was a double whammy for McDonald's in the third-quarter, sending the burger chain's net income down nearly 4 percent.
DENVER-- Three men were arrested for investigation of murder after a Denver bar was set on fire to cover up five killings committed during a robbery, authorities said Thursday. Ronald Saunier said of the early Wednesday deaths and blaze at Fero's Bar& Grill. "
KENNEBUNK, Maine-- The lawyer for a high school hockey coach who gave up his job because of the Zumba prostitution case said Thursday that his client's name never should have been made public and contended law enforcement agencies have engaged in "reckless and outrageous behavior."
CASSELBERRY, Fla.-- A gunman opened fire at a central Florida beauty salon Thursday, killing three women and wounding the manager, who had asked for a restraining order against him, police said.
NEW YORK-- The fungus found in tainted steroid shots matches the one behind the national meningitis outbreak that has killed 20 people, federal health officials said Thursday.
Its shares, which dipped below $40 in late 2008 as the financial crisis intensified, peaked this April at $442.40 as the burrito chain posted double-digit increases in revenue year after year. But Chipotle Mexican Grill Inc. on Thursday forecast that revenue growth in stores open at least a year would be flat to a low-single-digit percentage gain next year.
The Watertown, Mass., company said Thursday after markets closed that its net income for the three months that ended Sept. 30 climbed to $6.2 million, or 17 cents per share, from $5.3 million, or 15 cents per share, in last year's quarter.