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  • Allegheny Technologies shares drop on 3Q, outlook Wednesday, 24 Oct 2012 | 3:06 PM ET

    NEW YORK-- Shares of metal producer Allegheny Technologies Inc. fell Wednesday after it reported third-quarter net income tumbled 43 percent and warned its fourth-quarter earnings will fall below the most recent quarter's results.

  • Clarification: Earns-Anixter International Wednesday, 24 Oct 2012 | 3:06 PM ET

    GLENVIEW, Ill.-- In a story Oct. 23, The Associated Press described Anixter International Inc. as a security products distributor instead of as a company that distributes communication and security products, electrical wire and cable products and fasteners.

  • Report: Data spotty that tax break created jobs Wednesday, 24 Oct 2012 | 3:06 PM ET

    MINNEAPOLIS-- Legislation that allowed local governments to direct excess property tax dollars from tax-increment financing districts into other private developments was supposed to kick-start construction hiring in Minnesota, but an examination published Wednesday found evidence of job creation was spotty at best, even as many companies cashed in on the new law.

  • Boeing to deliver 28 Dreamliners in 2012-CEO Wednesday, 24 Oct 2012 | 3:06 PM ET

    Oct 24- Boeing Co Chief Executive Jim McNerney said the company expects to deliver 28 787 Dreamliners in 2012, part of its strategy to ramp up production to improve earnings and cash flow.

  • *Treasury set to auction $35 billion of 5- year notes. Data showed growth in China's manufacturing sector shrank for a 12th successive month in October. ``Treasuries opened weaker on the back of decent selling in 10- to 30- year paper as Chinese Flash PMI came in stronger,'' said Tom di Galoma, managing director at Navigate Advisors LLC in Stamford, Connecticut.

  • *New home sales touch highest rate since April 2010. WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to their highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.

  • METALS-Copper steady on China optimism, euro zone weighs Wednesday, 24 Oct 2012 | 2:51 PM ET

    LONDON, Oct 24- Copper was steady on Wednesday on signs of recovery in top consumer China, although gains were capped by weak euro zone data, including in Germany, and ahead of a Federal Reserve policy statement due later on Wednesday. Benchmark three-month copper on the London Metal Exchange was $7,825 at 1434 GMT from $7,831 a tonne at the close on Tuesday.

  • *Canadian theater mogul granted day parole Wednesday, 24 Oct 2012 | 2:51 PM ET
  • EU gives Pfizer cancer drug conditional approval Wednesday, 24 Oct 2012 | 2:51 PM ET

    NEW YORK-- Drug giant Pfizer Inc. said Wednesday that it's received conditional approval to market its lung cancer pill Xalkori for certain patients in the European Union.

  • ANALYSIS-Poland leans towards euro entry despite crisis Wednesday, 24 Oct 2012 | 2:48 PM ET

    *Warsaw wants to be at EU's decision-making core. WARSAW, Oct 24- Polish policymakers are shedding their doubts about joining the euro and starting to favour accession again because they believe the risks of being left outside the core of Europe outweigh the danger of joining a single currency still in the grip of crisis.

  • OTTAWA, Oct 24- The Bank of Canada halved its forecast for third-quarter economic growth in Canada to 1.0 percent, annualized, on Wednesday and said the degree of slack in the economy had widened, suggesting rate hikes could come later than thought.

  • Oct 24- Barnes& Noble Inc said on Wednesday that customers who shopped at 63 of its stores as recently as last month may have had their credit or debit card information stolen in what the U.S. bookstore chain called a ``sophisticated criminal effort.''.

  • *Sugar market awaits crush update from Brazil's Unica. LONDON, Oct 24- ICE raw sugar turned higher on Wednesday, lifting off a three-week low as traders positioned themselves ahead of a report from Brazilian cane industry association Unica due later in the day.

  • *Now sees FY rev $3.79- $3.82 billion vs prior $3.8- $3.9 bln. Oct 24- Jones Group Inc, the apparel company behind such brands as Nine West and Jones New York, lowered its full-year sales forecast on Wednesday, saying it expects shoppers to continue to demand bargains during the holiday season.

  • US crude stocks rise sharply, oil products mixed-EIA Wednesday, 24 Oct 2012 | 2:43 PM ET

    NEW YORK, Oct 24- U.S. crude oil stocks rose sharply last week as imports increased and refinery utilization fell, government data showed on Wednesday. Domestic stocks of crude rose by 5.9 million barrels in the week to Oct. 19, the Energy Information Administration reported.

  • Oct 24- Tech bloggers and other reviewers praised Microsoft Corp's new Surface RT tablet for beautiful design but said a shortage of applications and a slow operating system meant the result was heartbreak for users.

  • NEW YORK, Oct 24- The euro edged lower against the dollar and yen on Wednesday on signs of further decline in the economy of regional powerhouse Germany, but global shares rebounded slightly after Tuesday's hefty fall.

  • *Comparing US Fed's views on economy, spending Wednesday, 24 Oct 2012 | 2:42 PM ET
  • Oct 24- Marathon Oil Corp said on Wednesday it is in negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada as part of a strategy to shed less profitable assets. No sale of the non-operated Athabasca interest can be assured, Houston- based Marathon said.

  • Panama drops money laundering case vs US pilots Wednesday, 24 Oct 2012 | 2:39 PM ET

    HOUSTON-- Two Texas pilots who were arrested in Panama on suspicion of money laundering headed home for good Wednesday after authorities decided there is no case against them, their employer said. Carl Moody and Kenneth Chonoski were arrested after landing in Panama in May last year.