BEIJING, Dec 5- China's Foreign Ministry said on Thursday that China told visiting U.S. Vice President Joe Biden that Beijing's decision to set up an air defence identification zone in the East China Sea accorded with international law.» Read More
BERLIN-- The chief executive of EADS says Germany, France and Britain are being offered equal rights and a right to veto hostile takeovers in the company that would emerge from a proposed merger with BAE Systems PLC. EADS NV's Tom Enders is working hard to drum up support for a merger of the aeronautics and defense companies but the deal faces potential roadblocks.
At the same time, Hawaii cattle ranchers ship 40,000 live cattle each year to California, Kansas and other states, while just 4,000 are slaughtered for meat sales in Hawaii.
Rising tensions between Syria and Turkey also contributed to higher prices, the geopolitical risk highlighting concerns about Middle East oil supplies. By early afternoon in Europe, benchmark oil for November delivery was up 62 cents to $88.76 a barrel in electronic trading on the New York Mercantile Exchange.
SAO PAULO-- The man who has headed the Olympic movement in Brazil for decades and helped bring the 2016 Games to Rio de Janeiro will extend his rule despite increased criticism and accusations of wrongdoing.
LITTLE ROCK, Ark.-- Arkansas coach John L. Smith has amended his bankruptcy filing, listing $40.7 million in debts _ up from $25.7 million just last month. The filing in U.S. Bankruptcy Court in Little Rock on Wednesday shows Smith has $1.3 million in assets.
FARGO, N.D.-- Representatives of six North Dakota companies are going on a trade mission to the South American nation of Colombia next week. It is the first North Dakota trade mission to Colombia in four years.
APPLICATIONS RISE: The number of Americans seeking unemployment benefits rose last week to a seasonally adjusted 367,000. The four-week average, a less volatile measure, was unchanged at 375,000.. CONTEXT: When applications consistently fall below 375,000, it typically indicates that hiring is strong enough to lower the unemployment rate.
Mitch Daniels is touting investments in Indiana's public employee pension funds during his last few months in office. Daniels said Thursday that $207 million will be invested in teacher pensions, along with $90 million toward judges' pensions and $32 million for police pensions.
Taiwan's 23 million people pay minimal monthly premiums and receive largely free medical care for ailments ranging from the common cold to complex diseases. Hsueh says cutting-edge medical treatments have worsened the shortfalls and said Taiwan's elderly population grew 30 percent in the past decade and their health outlays shot up 90 percent.
CHARLESTON, S.C.-- A new study concludes that a wind farm off the South Carolina coast could mean billions of dollars in wages and thousands of jobs. The study released Wednesday was compiled by Clemson's Restoration Institute and its Strom Thurmond Institute of Government and Public Affairs for the state Energy Office.
MIAMI-- Three female Wal-Mart Stores Inc. employees have filed a lawsuit in South Florida claiming the retail giant discriminates against women in areas such as wages and promotion opportunities.
ALBANY, N.Y.-- While New York Attorney General Eric Schneiderman alleges massive fraud in mortgage-backed securities in a lawsuit filed this week, he's not criminally prosecuting anyone. The civil suit claims misconduct by Bear Stearns& Co. in 2006-2007 cost investors $22.5 billion in losses and left them holding an additional $30 billion in bad loans.
NEW YORK-- An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday. Aluminum giant Alcoa led the 30 stocks in the Dow with a 3.3 percent surge, rising 29 cents to $9.07.
They join returnees Heart, Joan Jett and the Blackhearts, Randy Newman, Donna Summer and Kraftwerk among the 15 artists vying for entry.
HOUSTON-- Exploration and development company ZaZa Energy Corp. said Thursday it may sell its French assets. ZaZa Energy said it makes no assurances that the sale will be completed. Its shares lost 5 cents to $2.70 in midday trading after dropping as low as $2.65 earlier in the session, their lowest level since August 2011.
NEW YORK-- BioSante Pharmaceuticals Inc. said Thursday it will merge with ANI Pharmaceuticals in an all-stock deal worth about $94 million. BioSante valued the deal at $93 million to $95 million based on its current share price, according to a company spokesman.
LOS ANGELES-- As far as Tim Burton's concerned, you can't keep a good dog down. And you can't keep a good, old-fashioned form of animation down, either.
WINSTON-SALEM, N.C.-- Krispy Kreme Doughnut Corp. said Thursday that it has reached an agreement with an Asian retail operator to develop 15 franchised stores in Singapore over the next five years. The doughnut chain is working with Star360 Group to develop the stores.
NEW YORK-- Christie's will inaugurate its long-term partnership with the Andy Warhol Foundation to sell its collection with a daylong sale next month. It includes a Polacolor print of Liza Minelli estimated to sell for $15,000- $20,000. There's also a screenprint of Vladimir Lenin with a pre-sale estimate of $40,000- $60,000.