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  • International Speedway swings to $1M loss in 3Q Thursday, 4 Oct 2012 | 2:05 PM ET

    DAYTONA BEACH, Fla.-- International Speedway Corp. said Thursday it posted a $1 million third-quarter loss, hurt by a double-digit drop in revenue stemming from the shifting of race dates and a continued drop in ticket sales stemming from the sluggish economy.

  • Department store shares mixed on September results Thursday, 4 Oct 2012 | 2:02 PM ET

    Macy's revenue at stores open at least a year rose 2.5 percent in September, while analysts expected a gain of 3.3 percent. Shares of Macy's rose 34 cents to $39.83. Kohl's Corp.' s revenue at stores open at least a year fell 2.7 percent in September, a bigger drop than Wall Street expected, hurt by lower demand for accessories and women's clothing.

  • Fed chose mortgage bonds to bolster housing gains Thursday, 4 Oct 2012 | 2:01 PM ET

    WASHINGTON-- The Federal Reserve structured its latest stimulus program around the purchase of mortgage bonds after members agreed that helping a nascent housing recovery was a good way to lift the broader economy. The Fed has already purchased more than $2 trillion in bonds since the 2008 financial crisis.

  • News Summary: US factory orders drop sharply Thursday, 4 Oct 2012 | 1:57 PM ET

    FALLING DEMAND: Orders to U.S. factories fell in August from July, mostly because of a sharp drop in volatile aircraft orders. Orders dropped 5.2 percent, the biggest decline in more than three years. Aircraft orders plunged 102 percent.

  • Feds charge 91 people in $429M Medicare fraud Thursday, 4 Oct 2012 | 1:56 PM ET

    WASHINGTON-- A federal strike force has charged 91 people, including a hospital president, doctors and nurses, with Medicare fraud schemes in seven cities involving $429 million in false billings. The law enforcement effort focused on fraudulent Medicare schemes in Baton Rouge, La.; Brooklyn, N.Y.; Chicago; Dallas; Houston; Los Angeles and Miami.

  • Private college costs up again but at slower rate Thursday, 4 Oct 2012 | 1:56 PM ET

    The figures released Thursday by the National Association of Independent Colleges and Universities highlight some of the complexities within an overall trend of rising college costs. The list price at private colleges remains substantially higher than at publics _ $29,230 this fall compared to a bit over $8,000 last year at public institutions.

  • Oil posts biggest gain in 2 months, tops $91 Thursday, 4 Oct 2012 | 1:53 PM ET

    Tensions between Syria and Turkey gave oil prices their biggest jump in two months Thursday, while refinery outages boosted wholesale gasoline prices. Oil settled at $91.71 per barrel, up by $3.57, or 4 percent, on the New York Mercantile Exchange. Oil prices rose after Turkey's military fired on targets in Syria for the second day.

  • Striking SAfrican miners find strength in numbers Thursday, 4 Oct 2012 | 1:51 PM ET

    CARLETONVILLE, South Africa-- Carrying a piece of paper threatening him with eviction from a workers' hostel, Robert Asanda pointed to thousands of fellow striking miners who had gathered atop a hill in a symbolic act of defiance against their gold-mining employers in South Africa.

  • The Public Theater unveils a sleek new NYC home Thursday, 4 Oct 2012 | 1:50 PM ET

    NEW YORK-- The Public Theater unveiled its four-year, $40 million face-lift on Monday with some Shakespeare, some hippies and some veteran stage stars including Vanessa Redgrave, Liev Schreiber and Mandy Patinkin.

  • AFL-CIO registers 450,000 voters from union homes Thursday, 4 Oct 2012 | 1:47 PM ET

    WASHINGTON-- The AFL-CIO says it has registered more than 450,000 new voters from union households over the past 18 months, part of an ambitious push to swell the ranks of Democratic-leaning voters and help President Barack Obama win reelection.

  • Avery Dennison shares fall on breakup of 3M deal Thursday, 4 Oct 2012 | 1:46 PM ET

    Avery Dennison Corp.' s shares plunged Thursday after 3 M Co. dissolved plans to buy its office and consumer products business. THE SPARK: Avery Dennison and 3 M announced Wednesday that the maker of Post-It notes would not move forward with the deal. 3 M had agreed in January to buy the division for $550 million.

  • First Niagara to cut some jobs, recruit for others Thursday, 4 Oct 2012 | 1:38 PM ET

    BUFFALO, N.Y.-- First Niagara Financial Group says it's realigning some staffing and will do away with 180 positions as it recruits for 250 others. The bank says it's hired 2,700 people over the past two years, including 1,200 from its recent purchase of 195 HSBC branches in New York and southwestern Connecticut.

  • Argentine ship stuck in Africa in bondholder fight Thursday, 4 Oct 2012 | 1:07 PM ET

    BUENOS AIRES, Argentina-- The flagship of Argentina's navy has been ordered held in Africa by a judge answering a complaint from a U.S. hedge fund. Courts in the United States and Britain have granted judgments worth $1.6 billion to the hedge fund, but it and other bondholders are still suing for billions more and Argentina has refused to pay.

  • *Boeing doubles deliveries of 787s in 3Q Thursday, 4 Oct 2012 | 1:06 PM ET
  • Marriott gives thumbs-up in North America Thursday, 4 Oct 2012 | 1:02 PM ET

    NEW YORK-- Marriott International Inc. is offering a mixed forecast for travel demand around the globe. Marriott expects revenue per room, a key performance measure for hotel companies, to rise 5 to 7 percent in North America in the current quarter, but only 3 percent elsewhere.

  • Alco says Sept. revenue measure fell 3.8 percent Thursday, 4 Oct 2012 | 11:49 AM ET

    ABILENE, Kan.-- Discount retailer Alco Stores Inc. said Thursday that a key measure of revenue fell 3.8 percent because of slower consumer spending and drought. The company, formerly known as Duckwall-Alco before changing its name in July, said total revenue for the five weeks ending Sept. 30 fell 0.3 percent to $40.2 million.

  • Top designer labels abandon Argentina Thursday, 4 Oct 2012 | 11:44 AM ET

    The world's most luxurious designer brands are abandoning Argentina rather than comply with tight new government economic restrictions, leaving empty shelves and storefronts along the capital's elegant Alvear Avenue, where tourists once flocked to see the latest in fashion.

  • Outbreak spotlights safety of custom-mixed drugs Thursday, 4 Oct 2012 | 11:37 AM ET

    Custom-mixed medicines like the steroid shots suspected in a meningitis outbreak have long been a source of concern, and their use is far wider than many people realize.

  • American Airlines finishes loose-seat inspections Thursday, 4 Oct 2012 | 11:36 AM ET

    FORT WORTH, Texas-- American Airlines says it has finished inspecting 48 planes and fixing loose seats on some of them. A spokeswoman said Thursday that engineers were still determining how many planes needed repairs. The airline says all the planes are back in service.

  • Starbucks to allow 'digital tipping' Thursday, 4 Oct 2012 | 11:31 AM ET

    Starbucks is making an app for that. A similar option will also be available on Square, a new payment app that Starbucks customers will be able to use starting in November.

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