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  • September initial jobless claims fall in Nevada Thursday, 18 Oct 2012 | 2:36 PM ET

    CARSON CITY, Nev.-- The number of Nevadans filing initial claims for jobless benefits fell in September to the lowest level in five years.

  • Morgan Stanley: fiscal cliff daunts businesses Thursday, 18 Oct 2012 | 2:34 PM ET

    NEW YORK-- Morgan Stanley said Thursday that its corporate clients are ready to do business _ but they're a little unnerved by the impending fiscal crisis.

  • Sin City's pull puts state of Nevada in play Thursday, 18 Oct 2012 | 2:33 PM ET

    What makes politics here different is who works in those skyscrapers _ not lawyers or accountants, but heavily unionized housekeepers, blackjack dealers and line cooks who have abruptly transformed Nevada into a swing-voting state. Her youngest daughter will soon graduate from the University of Nevada, Las Vegas. "

  • TV host campaigns for Ark. medical marijuana plan Thursday, 18 Oct 2012 | 2:32 PM ET

    LITTLE ROCK, Ark.-- Talk show host Montel Williams on Thursday accused opponents of an Arkansas ballot measure that would legalize medical marijuana of resorting to "racist" imagery with a television ad featuring an African-American actor portraying a drug dealer.

  • News Summary: Paydirt nears in Kazak superfield Thursday, 18 Oct 2012 | 2:28 PM ET

    ALMOST PAYDIRT: Crude production in Kazakhstan's mammoth Kashagan oilfield project is expected to begin sometime next year. EUREKA: When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.

  • GATX 3Q profit jumps on tank car orders Thursday, 18 Oct 2012 | 2:24 PM ET

    CHICAGO-- Railcar leasing company GATX Corp. said Thursday that its third-quarter earnings rose on a surge in orders for tank cars to haul oil, gas and chemicals. The company earned $53.8 million, or $1.13 per share, compared with $32.9 million, or 70 cents per share, a year ago. But stripping out those one-time items, GATX still topped Wall Street expectations.

  • News Summary: Index of future economic activity up Thursday, 18 Oct 2012 | 2:23 PM ET

    :A measure of U.S. economic activity designed to give signals about the future rose 0.6 percent in September, rebounding after a revised 0.4 percent dip in August. THE DRIVERS: The strength in September came from a big jump in applications for building permits, low interest rates and rising stock prices.

  • News Summary: Violence at Greek austerity rallies Thursday, 18 Oct 2012 | 2:20 PM ET

    DESCENT INTO VIOLENCE: Hundreds of youths pelted riot police with fire bombs, bottles and chunks of marble at a Greek anti-austerity demonstration, less than a month after more intense clashes broke out during a similar protest.

  • 'Night of Too Many Stars' shines on one who's not Thursday, 18 Oct 2012 | 2:19 PM ET

    Things like Seth Rogen auctioning off a trip to the urinal with him; a knock-down, drag-out fight between Kevin Bacon in a butter costume and Liev Schreiber dressed as broccoli; a performance of "Call Me Maybe" by Carly Rae Jepsen and Harvey Keitel.

  • News Summary: Russia sees no monopoly on Rosneft Thursday, 18 Oct 2012 | 2:17 PM ET

    BP BACKS OUT: After years of clashing with the other half of the joint venture TNK-BP, BP said in June that it would dump its 50 percent stake. TNK-BP, Russia's third largest energy producer in terms of production, is jointly owned by BP and AAR, a group of Russian billionaires.

  • Restaurant cell phone distractions still irritate Thursday, 18 Oct 2012 | 1:53 PM ET

    ALBANY, N.Y.-- The digital divide is wider than ever between diners who talk, tweet and snap pictures mid-meal and those who wish they'd just shut up, shut down and be present. "There's no place to get away from the chatter," said Julie Liberty of Miami, who started the Facebook page "Ban Cell Phones From Restaurants" earlier this year. "

  • Illinois unemployment dips to 8.8 percent Thursday, 18 Oct 2012 | 1:51 PM ET

    CHICAGO-- Illinois' unemployment rate dipped to 8.8 percent in September. And the Illinois Department of Employment Security says the seasonally adjusted figures reported Thursday show Illinois' unemployment rate has fallen 10 times in the past 13 months.

  • Reinsurance Group 3rd-quarter results disappoint Thursday, 18 Oct 2012 | 1:48 PM ET

    ST. LOUIS-- Reinsurance Group of America Inc.' s net income rose 7 percent in the third quarter, but the company said its operating income declined, mostly because of higher-than-expected claims in the U.S. and Australia.

  • News Summary: US unemployment aid claims jump Thursday, 18 Oct 2012 | 1:45 PM ET

    CLAIMS RISE: Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months after falling sharply the previous week. THE BACK STORY: A Labor Department spokesman said Thursday the last two week's figures were distorted by seasonal adjustments the department makes.

  • PPG Industries 3rd-quarter profit rises 9 percent Thursday, 18 Oct 2012 | 1:44 PM ET

    PITTSBURGH-- PPG Industries said Thursday that its third-quarter net income rose 9 percent as it took advantage of cost reductions and strong sales of coatings. The Pittsburgh company said it made $339 million, or $2.18 per share, compared with $311 million, or $1.96 per share, a year earlier.

  • Vivus shares slip after analyst cautions on Qsymia Thursday, 18 Oct 2012 | 1:43 PM ET

    Shares of Vivus Inc. tumbled Thursday after an analyst said Wall Street may be over-estimating gains from initial sales of the drug developer's obesity treatment Qsymia. THE BIG PICTURE: Qsymia, Vivus' only approved drug, launched in the U.S. in September.

  • Life Time Fitness 3Q profit up on new members Thursday, 18 Oct 2012 | 1:42 PM ET

    CHANHASSEN, Minn.-- Life Time Fitness Inc. said Thursday that its third-quarter profit rose 19 percent as more people joined its gyms and spent more money at them. For the quarter ended Sept. 30, the Chanhassen, Minn.- based company earned $32.1 million, or 77 cents per share, up from $27 million, or 66 cents per share, in the same quarter last year.

  • Aegerion hits annual high on FDA panel vote Thursday, 18 Oct 2012 | 1:38 PM ET

    NEW YORK-- Shares of Aegerion Pharmaceuticals Inc. climbed Thursday after the company said a Food and Drug Administration panel recommended that its cholesterol disorder drug lomitapide be approved. THE SPARK: The Cambridge, Mass., company said Wednesday that an FDA advisory panel voted to support approval of lomitapide.

  • Police: 3 arrested for Denver bar killings, fire Thursday, 18 Oct 2012 | 1:31 PM ET

    DENVER-- Three people have been arrested in connection with the killing of five people at a bar that was then set on fire, apparently to hide the crime, and the motive was robbery, Denver police said Thursday.

  • Baxter 3Q earnings meet Wall Street estimates Thursday, 18 Oct 2012 | 1:27 PM ET

    DEERFIELD, Ill.-- Drug and medical device maker Baxter International reported third-quarter results Thursday that edged 1 percent higher as the company trimmed expenses, meeting Wall Street expectations. The company's profit rose slightly to $583 million, or $1.06 per share, from $576 million, or $1.01 per share, in the prior-year period.