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  • No one was tracking $69M in Wisconsin loans Friday, 19 Oct 2012 | 4:03 PM ET

    MADISON, Wis.-- Wisconsin's quasi-public economic development agency lost track of $69 million in loans to businesses because no one was in charge of keeping tabs of that money.

  • Okla. wheat farmers plant amid cautious optimism Friday, 19 Oct 2012 | 4:02 PM ET

    OKLAHOMA CITY-- Despite ongoing drought conditions _ Oklahoma wheat farmers are busy planting their winter crop with what one agreed is cautious optimism. Oklahoma Wheat Commission Executive Director Mike Schulte said Friday that 75 percent of the 2012 crop is estimated to have been planted.

  • SD milk production up in third quarter from 2011 Friday, 19 Oct 2012 | 4:01 PM ET

    SIOUX FALLS, S.D.-- The U.S. Department of Agriculture says South Dakota milk production from July through September was up 6 percent from the same period last year. The USDA says milk production for the third quarter totaled 487 million pounds. That's down from 1 percent from the second quarter total of 494 million pounds.

  • News Summary: Feds probe Jeep Patriots stalls Friday, 19 Oct 2012 | 3:59 PM ET

    SUDDEN STALLS: Federal safety regulators are investigating a dozen complaints that engines on Jeep Patriot SUVs can stall without warning at highway speeds of 65 miles per hour or faster. Chrysler Group LLC, the maker of Jeeps, sold another 18,000 in Canada.

  • $2B Canadian power plan for NYC could help upstate Friday, 19 Oct 2012 | 3:58 PM ET

    ALBANY, N.Y.-- A key lawmaker on energy policy says a company that plans to run a transmission line sending lower-cost Canadian electricity to New York City will also explore sharing that line with upstate utilities.

  • News Summary: Feds probe Graco car seat buckles Friday, 19 Oct 2012 | 3:44 PM ET

    BUCKLED UP: Federal safety officials are investigating complaints that children have been trapped in Graco car seats because the buckles won't unlatch. THE DETAILS: The probe covers My Ride and Nautilus car seats from 2009 through 2011 made by Graco Children's Products Inc. of Atlanta, the National Highway Traffic Safety Administration said Friday.

  • News Summary: Starbucks opens first Indian store Friday, 19 Oct 2012 | 3:43 PM ET

    Starbucks opened its first store in India Friday in Mumbai as the Seattle- based coffee giant seeks growth in a market long associated with tea drinkers. LOCAL GUIDE: Starbucks' partner in India is the salt-to-SUVs Tata conglomerate. The venture will open more stores in Mumbai this year and expand to New Delhi next year.

  • Recalls this week: High chairs, hoodies, sunscreen Friday, 19 Oct 2012 | 3:40 PM ET

    High chairs that could pose a deadly risk to children and flammable sunscreen are among several recalled products this week. DETAILS: Energizer Holdings recalled formulations of its Banana Boat UltraMist sunscreen. The products were sold from Jan. 2010 through Sept. 30, 2012.

  • News Summary: Weak economic outlook sinks metals Friday, 19 Oct 2012 | 3:39 PM ET

    Stocks fell following poor earnings reports from big-name companies including General Electric, McDonald's and Microsoft. Palladium decreased $24.20 to $623 an ounce and platinum dropped $28.20 to $1,615.50 per ounce. Benchmark crude fell $2.05 to $90.05 per barrel on the New York Mercantile Exchange.

  • Unemployment rates in US states, at a glance Friday, 19 Oct 2012 | 3:38 PM ET
  • Kansas City Southern 3Q net income falls 9.8 pct Friday, 19 Oct 2012 | 3:27 PM ET

    KANSAS CITY, Mo.-- Kansas City Southern said Friday that its third-quarter net income fell 9.8 percent, hurt by tough comparisons to a prior-year period boosted by a hefty one-time gain. The Kansas City, Mo.- based railroad earned $90 million, or 82 cents per share, down from $99.8 million, or 91 cents per share, in the same quarter last year.

  • News Summary: Train hits 111 mph in Ill. test Friday, 19 Oct 2012 | 3:27 PM ET

    FAST TRACK: Test runs started zooming along a section of the Amtrak line between Chicago and St. Louis at 111 mph Friday. The 30- mph increase from the route's current top speed is a morale booster for advocates of high-speed rail.

  • News Summary: European bank supervisor step closer Friday, 19 Oct 2012 | 3:26 PM ET

    BANK OVERSIGHT: European leaders took a step toward creating a single supervisor next year for banks in countries that use the euro on Friday, but they refused to pin down a start date.

  • In food-crazy New Orleans, food 'deserts' persist Friday, 19 Oct 2012 | 3:26 PM ET

    NEW ORLEANS-- Dwayne Boudreaux's memories of the Circle Food Store in New Orleans 7th Ward neighborhood are so vivid he can walk through its colonnade of arches into the dark and empty shell and give a guided tour of how it was before Hurricane Katrina.

  • Pennsylvania township must revise drilling rules Friday, 19 Oct 2012 | 3:24 PM ET

    PITTSBURGH-- The state Public Utility Commission says a western Pennsylvania township must revise its oil and gas land-use rules by Nov. 28 or face losing money from a new drilling impact fee.

  • High pay a costly legacy of Calif. prison receiver Friday, 19 Oct 2012 | 3:23 PM ET

    SACRAMENTO, Calif.-- Compensation for medical providers in California's prison system has soared since a federal judge seized control of inmate health care in 2006 and established a receivership with the power to hire and set pay levels.

  • News Summary: US gun industry thriving under Obama Friday, 19 Oct 2012 | 3:20 PM ET

    GUNS GUNS GUNS: An analysis by The Associated Press of data tracking the health of the gun industry shows that President Barack Obama has presided over a heyday for guns. WHAT'S HAPPENED: Sales are on the rise, so much that some manufacturers cannot make enough fast enough.

  • Ailes re-ups as Fox News chief for 4 more years Friday, 19 Oct 2012 | 3:20 PM ET

    NEW YORK-- News Corp. said Friday that Fox News chief executive Roger Ailes has signed a new four-year contract. Ailes, 72, first joined News Corp. in 1996. He will continue to oversee Fox News, the Fox Business Network, the Fox TV stations, Twentieth Television and MyNetwork TV.

  • Oil falls near $90 per barrel on economic concern Friday, 19 Oct 2012 | 3:18 PM ET

    On the New York Mercantile Exchange:. _ Benchmark crude fell $2.05 to end at $90.05 per barrel. _ Heating oil fell 5.21 cents to end at $3.1345 per gallon.

  • Oil prices fall on fresh worries about economy Friday, 19 Oct 2012 | 3:16 PM ET

    Benchmark oil fell $2.05 to finish at $90.05 per barrel in New York. Brent crude, which is used to price international varieties of oil, dropped $2.28, or 2 percent, to end at $110.14 per barrel in London. Several companies delivered weaker-than-expected third-quarter results, including Microsoft and McDonald's.