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  • Newsweek had unique troubles as industry recovers Friday, 19 Oct 2012 | 12:18 AM ET

    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.

  • News Summary: Feds investigate Jeep engine problem Friday, 19 Oct 2012 | 12:09 AM ET

    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.

  • 44 TSA workers at Newark face firing or suspension Friday, 19 Oct 2012 | 12:07 AM ET

    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.

  • McMoRan 3rd-qtr loss widens on exploration costs Friday, 19 Oct 2012 | 12:05 AM ET

    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.

  • News Summary: Google's 3Q unsettles investors Thursday, 18 Oct 2012 | 11:39 PM ET

    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.

  • News Summary: Capital One posts higher 3Q profit Thursday, 18 Oct 2012 | 11:37 PM ET

    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.

  • Asia stocks fall on US earnings disappointment Thursday, 18 Oct 2012 | 11:32 PM ET

    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.

  • Blackstone Group returns to profit in 3Q Thursday, 18 Oct 2012 | 11:03 PM ET

    NEW YORK-- Blackstone Group LP said Thursday that it returned to a profit in the third quarter as fees jumped. The New York company reported net income of $128.8 million, or 24 cents per common union, in the July-September quarter, compared with a loss of $274.6 million, or 56 cents per unit, a year earlier.

  • Leaders agree to have ECB supervise all euro banks Thursday, 18 Oct 2012 | 10:58 PM ET

    BRUSSELS-- European Union leaders agreed early Friday to create a single supervisor for banks in countries that use the euro _ without saying when it would become fully operational.

  • EU leaders agree on bank supervisor Thursday, 18 Oct 2012 | 10:07 PM ET

    BRUSSELS-- European Union leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro _ without saying when it would become fully operational.

  • On the Call: Capital One CEO Richard Fairbank Thursday, 18 Oct 2012 | 9:55 PM ET

    In its third-quarter earnings report, Capital One Financial said that its auto loans business posted sharp annual growth. The division ended the July-to-September period with $26.4 billion in loans, up from $20.4 billion in the same quarter last year.

  • CBS chief Moonves gets another signing bonus Thursday, 18 Oct 2012 | 9:17 PM ET

    NEW YORK-- Two years after granting CEO Leslie Moonves a bundle of stock options as a bonus for signing a long-term contract, CBS Corp. is giving him another signing bonus worth $22 million after extending his contract through the middle of 2017..

  • Seattle Times reporters protest campaign ads Thursday, 18 Oct 2012 | 7:56 PM ET

    SEATTLE-- More than 100 reporters, photographers, designers and other staffers signed a letter protesting The Seattle Times Co.' s decision to support the campaigns of Republican gubernatorial candidate Rob McKenna and a gay marriage referendum.

  • Marvell Technology lowers 3Q outlook; CFO resigns Thursday, 18 Oct 2012 | 6:52 PM ET

    SANTA CLARA, Calif.-- Shares of Marvell Technology Group Ltd. plunged in after-hours trading Thursday after the computer chip manufacturer lowered its fiscal third-quarter outlook and said its finance chief has resigned. Marvell said that it expects net revenue for the fiscal third quarter to range between $765 million and $785 million.

  • Cepheid takes 3Q loss after patent suit settlement Thursday, 18 Oct 2012 | 6:29 PM ET

    SUNNYVALE, Calif.-- Molecular diagnostics company Cepheid said Thursday it took a loss in the third quarter on costs related to a patent lawsuit. Cepheid took a charge of $15.1 million, or 23 cents per share, related to that settlement. Excluding the settlement costs and other items, Cepheid said it earned a penny per share.

  • Sherwin-Williams to pay dividend of 39 cents Thursday, 18 Oct 2012 | 6:28 PM ET

    CLEVELAND-- Sherwin-Williams Co. said Thursday a quarterly dividend of 39 cents per share, payable on Nov. 30 to shareholders of record as of Nov. 16. In addition Sherwin-Williams's board voted to submit a proposal to shareholders to adopt a majority voting standard for electing board members in uncontested elections.

  • Smucker's Uncrustables sold to schools recalled Thursday, 18 Oct 2012 | 6:24 PM ET

    MINNEAPOLIS-- Officials have told school lunch programs across the country to check to see whether they have any Smucker's Uncrustables sandwiches that might contain peanut butter made by a New Mexico company that is being recalled because of potential salmonella contamination.

  • Terror suspect's family says he asked to go to US Thursday, 18 Oct 2012 | 6:23 PM ET

    NEW YORK-- Quazi Mohammad Rezwanul Ahsan Nafis was a terrible student in his native Bangladesh, and his middle-class parents say he persuaded them to send him off to study in the U.S. as a way of improving his job prospects.

  • News summary: Cos. walk a fine line with celebs Thursday, 18 Oct 2012 | 6:08 PM ET

    PUTTING ITS FOOT DOWN: Nike Inc. has stood by athletes through a number of scandals over the years, but this week it became the first company to sever ties with Armstrong in the wake of allegations that he used illegal drugs to boost his performance.

  • Acacia Research posts 3Q loss on charges Thursday, 18 Oct 2012 | 5:51 PM ET

    NEWPORT BEACH, Calif.-- Acacia Research Corp., which buys and licenses patents, said Thursday that it posted a third-quarter loss on higher expenses and hefty charges, including non-cash stock compensation. The loss totaled $6.4 million, or 13 cents per share, in the July-through-September quarter.