People familiar with the proposal tell the Associated Press that the EPA will recommend lowering the limit for ground-level ozone to 65 to 70 parts per billion, down from a 75 parts per billion standard set in the 2008.. The stricter standard makes good a campaign promise Obama made during his first run for the White House: to reverse President George W. Bush's...» Read More
BERLIN-- A senior figure in Germany's governing coalition whose party has talked particularly tough on Greece, is signaling that he's open to giving Athens more time to get its finances in order.
NEW YORK-- At the Missouri college where Quazi Mohammad Rezwanul Ahsan Nafis enrolled, a classmate said he often remarked that true Muslims don't believe in violence.
BANGKOK-- Oil prices were nearly flat Friday as traders awaited the end of a two-day European Union summit on shoring up the region's stricken banks. Benchmark crude for November delivery was down 2 cents to $92.08 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.
Markets in mainland China, Singapore, Thailand, Indonesia and India were down. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. Microsoft shares fell in after-hours trading.
BEIJING-- Foreign investment in China fell again in September and a government spokesman said Friday it was too early to forecast a recovery in trade. The decline in foreign direct investment added to mixed signals about the health of China's economy following Thursday's report that growth slowed to 7.4 percent in the latest quarter.
NEW YORK-- General Electric Co.' s transformation into a more simple industrial company seems to be helping its bottom line. GE's net income rose 49 percent in the third quarter to $3.49 billion, or 33 cents per share. During the financial crisis, investors worried that its enormous banking arm, GE Capital, would fail.
NEW YORK-- WebMD extended its poison pill defense, first put into place to ward off billionaire investor Carl Icahn, for another two years. WebMD slashed the purchase price for shareholders if the rights are exercised to $66.29 from $153. WebMD's sites include WebMD Health, MedicineNet, RxList and theheart.org.
HARTFORD, Conn.-- United Technologies Corp.' s third-quarter earnings results, due out before the markets open on Tuesday, will likely reflect some weakness in the aerospace market, a segment on which the company recently made a big bet.
TORONTO-- The Canadian government says it can't overturn a decision by the country's broadcast regulator to reject BCE Inc.' s bid to buy Astral Media Inc. for US $3.4 billion.
NEW YORK-- Shares of Robert Half International rose more than 6 percent Friday after the staffing company's third-quarter earnings beat analyst estimates. During a conference call the company said that it expects fourth-quarter earnings of 38 cents to 43 cents per share on revenue between $1.01 billion and $1.06 billion.
TransCanada has reaffirmed its plan to restart the Keystone oil pipeline from Canada to the Midwest on Saturday, although rainy weather is hampering the company's on-site work. TransCanada shut down the 2,100- mile pipeline Wednesday after tests showed possible safety issues.
HOUSTON-- Robbins& Myers saw its net income fall 9 percent in the fourth quarter, partly due to the costs from its $2.5 billion sale to National Oilwell Varco. Analysts expected Robbins& Myers to report net income of 98 cents per share and $276.2 million in revenue.
LOS ANGELES-- Newsweek's decision to stop publishing a print edition after 80 years and bet its life entirely on a digital future may be more a commentary on its own problems than a definitive statement on the health of the magazine industry. Paid magazine subscriptions were 1.1 percent in the first half of the year, according to the Audit Bureau of Circulations.
Another 18,000 were sold in Canada. The National Highway Traffic Safety Administration has received a dozen complaints and has started an investigation. The U.S. safety agency is asking Chrysler Group LLC, which makes Jeeps, for information about the problem.
NEWARK, N.J.-- The Transportation Security Administration on Friday moved to fire 25 employees at Newark Liberty International Airport and suspend 19 others for what it said was improper screening of checked luggage, the latest in a series of problems at one of the country's busiest airports.
NEW ORLEANS-- McMoRan Exploration Co. said Friday its third-quarter loss swelled to $64 million, hurt by a jump in exploration costs and a drop in oil and gas production stemming for Hurricane Isaac. The New Orleans- based company's loss amounted to 40 cents per share and compared with a loss of $9.4 million, or 6 cents per share, in the same quarter last year.
SURPRISE, SURPRISE: Google lost control of its own data and released its third-quarter earnings more than three hours before the report was supposed to go out. WHAT WENT WRONG: The company blamed a printer for prematurely filing a copy of its third-quarter report with the Securities and Exchange Commission.
THE BOTTOM LINE: Capital One Financial's third-quarter net income jumped 47 percent versus the prior-year quarter, as the addition of ING Direct and HSBC's U.S. card business helped drive revenue gains across the lender's businesses. THE NUMBERS: Net income rose to $1.17 billion, or $2.01 per share, for the quarter ended Sept. 30.
European Union leaders opened a two-day meeting in Brussels on Thursday and took a critical step by agreeing to create a banking supervisor to oversee institutions in the 17 countries using the euro. South Korea's Kospi lost 0.9 percent to 1,942.47 and Australia's S&P/ASX 200 fell 0.1 percent to 4,554.50.