MANILA, Philippines— The Philippine central bank has raised its key interest rate by a quarter percentage point to counter inflation. The rate the central bank charges commercial banks for overnight borrowing was Thursday raised to 5.75 percent.» Read More
Gold for December delivery dropped $22.10 to finish at $1,737.60 per ounce. China, the world's second largest economy, said its inflation rate fell to 1.9 percent in September from 2 percent in August. China's economic growth fell to a three-year low of 7.6 percent for the quarter ending in June.
KNOXVILLE, Tenn.-- The Knoxville News Sentinel has ended a decades-old tradition of endorsing presidential candidates, saying it no longer has any special access to the candidates.
On the New York Mercantile Exchange:. _ Natural gas fell 12.5 cents to $3.486 per 1,000 cubic feet. On the ICE Futures Exchange in London:.
WASHINGTON-- Republican presidential candidate Mitt Romney's campaign says it raised $170.4 million in September. The figure brings Romney's fundraising effort slightly behind President Barack Obama's $181 million haul for the month.
ALBANY, N.Y.-- Supporters of using hydraulic fracturing to produce natural gas staged a rally and march in Albany, N.Y. on Monday.
WITH HONORS: College savings plans offered through four states earned top marks from Morningstar in the company's annual update to ratings of so-called 529 plans. PRETTY GOOD: Four other plans earned silver-medal honors from Morningstar. Those 529 plans are sponsored by Arkansas, Michigan, Ohio and Virginia.
BATON ROUGE, La.-- Louisiana's state-run property insurer of last resort says it's settled 85 percent of the more than 17,000 claims it received about damage from Hurricane Isaac. The company _ Louisiana Citizens Property Insurance Corporation _ said Monday that it expects Isaac to cost between $75 million and $100 million.
PROVIDENCE, R.I.-- Police in Rhode Island say they've made arrests in a half million dollar theft of air conditioning units from a Wal-Mart store. Woonsocket police said Monday that Larry Bates Sr. and Jesse Marinaro of Johnston and Matthew Bruckschen of Woonsocket are charged with conspiracy and larceny in connection with the April theft.
PHILADELPHIA-- Pennsylvania gambling regulators say gross revenue from table games was up 15.4 percent last month compared to the same period a year ago. The Pennsylvania Gaming Control Board reported Monday that the state's 11 casinos generated $59.3 million in gross revenue from table games last month.
NEW YORK-- The American Civil Liberties Union accused Morgan Stanley of violating civil rights laws by encouraging a lender to push more expensive and risky mortgages on black neighborhoods in Detroit. Morgan Stanley said the allegations were "completely without merit."
Deval Patrick's administration has ordered tighter controls on state spending, while opting not to revise its estimate of tax revenues for the current fiscal year. Secretary of Administration and Finance Jay Gonzalez said Monday he believes Massachusetts will have enough revenue to meet its budget obligations.
CHICAGO-- The city of Chicago released a new cultural plan on Monday _ its first in more than 25 years. It also included developing a theater district in downtown Chicago. Funding for the plan came from the Chicago Community Trust and a grant from the Illinois Arts Council.
SEATTLE-- Monday is expected to be a significant day in the proposal for a new arena in Seattle to bring back an NBA team and host an NHL team. The Seattle and King County councils are expected to give final approval to the plan to build the $490 million arena with $200 million in public help.
CHARLESTON, S.C.-- The two-state board working to build a $5 billion steamship terminal on the South Carolina side of the Savannah River is meeting in Charleston. The Georgia- South Carolina board working to develop the Jasper Ocean Terminal meets Monday at the South Carolina State Ports Authority.
OKLAHOMA CITY-- Oklahoma Attorney General Scott Pruitt has presented the first homeowner check in connection with the state's $18.6 million settlement with the nation's largest lenders.
The governor has scheduled a news conference for 2 p.m. Monday in Huntsville to explain how the program would work if approved by the Legislature. Expected to join the governor at the news conference are House Speaker Mike Hubbard of Auburn, Senate President Pro Tem Del Marsh of Anniston and Republican Rep.
NEW ORLEANS-- A colorful and musical New Orleans neighborhood is marking the 200th anniversary of its origins as an early melting pot for the city and the nation. It was born from immigration that followed the Haitian revolution of the early 1800 s and named for French milliner and property owner Claude Treme.
WILLIAMSBURG, Va.-- With the economy showing some signs of improvement three weeks before Election Day, President Barack Obama on Monday laid down a full embrace of the economic record many Republicans say is his biggest weakness.
MENLO PARK, Calif.-- The Food and Drug Administration will review DepoMed Inc.' s potential treatment for menopausal hot flashes and may decide its fate by next spring. DepoMed, based in Menlo Park, Calif., said Monday that the FDA accepted Serada for a standard review and aims to complete its evaluation by May 31.
AUGUSTA, Maine-- The cost of heating oil has grown 5 cents in the latest survey in Maine. The governor's energy office said Monday that the average heating oil cost is $3.75 per gallon, which is 25 cents higher than it was this time last year.