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  • Ky. jobless rate falls to 8.4 percent in Sept. Thursday, 18 Oct 2012 | 11:22 AM ET

    FRANKFORT, Ky.-- Kentucky is reporting a slight decline in its jobless rate in September despite a major loss of manufacturing jobs. The Office of Employment and Training released new unemployment figures on Thursday showing the jobless rate at 8.4 percent.

  • DuPont opens innovation center in Michigan Thursday, 18 Oct 2012 | 11:21 AM ET

    TROY, Mich.-- Chemical giant DuPont Co. is opening an innovation center in suburban Detroit that's aimed at speeding the introduction of new products for the automotive industry. It is DuPont's eighth-such center and is located at its Automotive Development Center in Troy.

  • Lindsay rises on demand for irrigation systems Thursday, 18 Oct 2012 | 11:21 AM ET

    NEW YORK-- Shares of Lindsay Corp. reached their highest point in more than a year on Thursday after the irrigation system maker said its fourth-quarter net income surged on higher demand from farmers.

  • Earnings roundup: Morgan Stanley, Fifth Third Thursday, 18 Oct 2012 | 11:20 AM ET

    Among the earnings stories for Thursday, Oct. 18, from AP Business News:. _ Morgan Stanley reported higher revenue and net income for its third quarter Thursday thanks to gains in its bonds and asset management businesses.

  • Minn. jobless rate ticks down to 5.8 percent Thursday, 18 Oct 2012 | 11:19 AM ET

    ST. PAUL, Minn.-- Minnesota's unemployment rate remains a full two percentage points better than the national average. Figures for September show the seasonally adjusted jobless rate for Minnesota fell to 5.8 percent, a tick lower than September.

  • MannKind selling stock; CEO to cancel debt Thursday, 18 Oct 2012 | 11:15 AM ET

    VALENCIA, Calif.-- Shares of MannKind Corp. lost nearly a quarter of their value Thursday after the company announced plans to sell up to 140 million shares of stock. MannKind will use the funds to pay for new trials of its inhaled diabetes drug Afrezza and cancel more than $200 million in debt owed to its CEO.

  • Drought conditions ease in key Midwest farm states Thursday, 18 Oct 2012 | 11:15 AM ET

    The benefit of recent downpours was more pronounced in states such as Iowa, the nation's biggest corn producer. Thursday's update showed that 63.9 percent of Iowa still is in extreme or exceptional drought _ the worst two classifications _ in what marked an improvement of nearly 12 percentage points from a week earlier.

  • Mass. gains jobs, but unemployment rate higher Thursday, 18 Oct 2012 | 11:14 AM ET

    BOSTON-- Massachusetts gained an estimated 5,100 jobs in September even as the state's unemployment rate crept up two-tenths of a point to 6.5 percent, officials said Thursday. Massachusetts remains below the U.S. unemployment rate, which stood at 7.8 percent in September.

  • Latin American company bids for Portugal airline Thursday, 18 Oct 2012 | 11:13 AM ET

    LISBON, Portugal-- Portugal's government says Latin American company Synergy Aerospace is the only candidate in the running to buy state airline TAP Air Portugal. The airline's main appeal is its more than 70 weekly flights from Portugal to Brazil and about the same number to Africa. Synergy Aerospace owns Colombia's Avianca.

  • Ample supplies push oil down 1 pct Thursday, 18 Oct 2012 | 11:13 AM ET

    NEW YORK-- The price of oil is falling on expectations that China is less likely to roll out a stimulus program for its improving economy. U.S. benchmark oil fell 94 cents, or 1 percent, to $91.18 a barrel in morning trading. Brent crude, which many U.S. refiners use to make gasoline, fell $1.42, or 1.3 percent, to $111.80 in London.

  • Carlyle Group closes deal for Getty Images Thursday, 18 Oct 2012 | 11:13 AM ET

    WASHINGTON-- The Carlyle Group on Thursday completed its acquisition of a controlling stake in Getty Images Inc. in a deal worth about $3.3 billion. The private equity firm partnered with Getty's co-founders, Mark Getty and Jonathan Klein, and with the Getty family in buying the company from another private equity firm, Hellman& Friedman.

  • Study: Baltimore 'Sailabration' drew big business Thursday, 18 Oct 2012 | 11:12 AM ET

    BALTIMORE-- Organizers of a weeklong commemoration of the War of 1812 in Baltimore's harbor say it drew more than 1.5 million visitors and generated $166 million in economic impact. Dozens of tall ships and naval warships from around the world traveled to Baltimore for June's "Star-Spangled Sailabration."

  • Drought stable in ND but worsens again in SD Thursday, 18 Oct 2012 | 11:11 AM ET

    SIOUX FALLS, S.D.-- Drought conditions are stable in North Dakota over the week, but they have worsened again in South Dakota. Drought Monitor map shows that 57 percent of South Dakota is now in the two worst categories of drought, extreme and exceptional.

  • Bond business lifts Morgan Stanley's results Thursday, 18 Oct 2012 | 11:11 AM ET

    NEW YORK-- Morgan Stanley reported higher revenue and net income for its third quarter Thursday thanks to gains in its bonds and asset management businesses. Excluding an accounting charge, the bank earned $535 million for common shareholders in July to September, up from $39 million a year ago.

  • New PSNH center open in New Hampshire Thursday, 18 Oct 2012 | 11:09 AM ET

    HOOKSETT, N.H.-- Public Service of New Hampshire has opened a 70,000 square-foot building in Hooksett that will consolidate transmission employees and equipment. The Northeast Utilities unit has two other facilities in Hooksett, including an area work center, which hosts line crews and trucks.

  • Lehigh Gas initiates initial public offering Thursday, 18 Oct 2012 | 11:06 AM ET

    Lehigh Gas expects the IPO to raise between $105. million and $122 million based on an assumed offering price of $20 per unit, according to its Securities and Exchange Commission filings. Lehigh Gas provides fuel to gas stations and runs convenience stores.

  • Review: Clever 'XCOM' is chess with plasma rifles Thursday, 18 Oct 2012 | 11:05 AM ET

    Video-game aliens have gotten bigger, uglier and meaner over the years. Think of the Covenant warriors in "Halo" or the Locust Horde in "Gears of War": huge, dumb, slobbering brutes who can soak up plenty of bullets before they pounce on you and crush your skull.

  • MGM China gets land for new $2.5B Macau casino Thursday, 18 Oct 2012 | 11:05 AM ET

    HONG KONG-- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's biggest gambling market, hoping to catch up with the rapid expansion of rival casino operators.

  • Earnings roundup: Union Pacific, Hubbell Thursday, 18 Oct 2012 | 11:04 AM ET

    Among the earnings stories for Thursday, Oct. 18, from AP Business News:. _ Union Pacific Corp. said that its third-quarter profit climbed 15 percent because price increases and more automotive and chemical shipments helped the railroad offset a 12 percent drop in coal shipments.

  • News Summary: Macy's targets millennial shoppers Thursday, 18 Oct 2012 | 10:56 AM ET

    MACY'S MILLENNIALS: Macy's will add 13 new brands and expand 10 labels it believes will resonate with shoppers between 13 and 30 years old. THE DETAILS: The roster includes an exclusive Marilyn Monroe fashion collection and a men's T-shirt line from an upstart called Fatal Clothing, which specializes in tattoo-influenced designs.