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  • Official pledges support for Arctic drilling Friday, 12 Oct 2012 | 11:58 AM ET

    ANCHORAGE, Alaska-- The Interior Department's deputy secretary said Thursday that there will be no slowdown of the permitting process for Arctic offshore drilling if President Obama is re-elected. Royal Dutch Shell PLC was allowed to begin exploratory drilling in the Beaufort and Chukchi seas off Alaska's north shores this summer, but U.S.

  • Critics: Ore. casino investors have mixed record Friday, 12 Oct 2012 | 11:57 AM ET

    The opposition campaign is funded primarily by the Confederated Tribes of Grand Ronde, which runs Spirit Mountain Casino, the nearest casino to Portland. The new Oregon casino would be owned by PDX Entertainment company, a corporation with about 19 shareholders created in March and based in Lake Oswego.

  • *Calif. must say how it will ease prison crowding Friday, 12 Oct 2012 | 11:56 AM ET
  • Parnell eyeing ways to further advance gas line Friday, 12 Oct 2012 | 11:54 AM ET

    The governor said earlier this year that the 2013 Legislature could take up gas tax legislation if TransCanada Corp. and the North Slope's major players _ Exxon Mobil Corp., BP and ConocoPhillips _ met a number of milestones in 2012. All of those benchmarks have been met, including cost estimates and a rough timeline for a potential project.

  • Stock market heading for its worst week since June Friday, 12 Oct 2012 | 11:53 AM ET

    Stock indexes are turning lower on Wall Street, putting the market on track for its worst week since early June. Wells Fargo fell $1.22 to $33.96, leading other bank stocks lower, after its revenue came in lower than analysts were expecting. Semiconductor maker AMD plunged 30 cents to $2.90 after saying its third-quarter revenue would drop 10 percent.

  • Diamondback shares rise in initial trading Friday, 12 Oct 2012 | 11:35 AM ET

    Diamondback Energy Inc.' s shares are rising its first day of trading as a public company. The Midland, Texas, company, which develops oil and natural gas reserves in Texas, raised $218.8 million in its initial public stock offering, selling 12.5 million shares for $17.50 each. It had projected a price of $17 to $19.

  • FDA extends review of Impax Labs Parkinson's drug Friday, 12 Oct 2012 | 11:33 AM ET

    HAYWARD, Calif.-- Impax Laboratories Inc. said Friday that the Food and Drug Administration is extending a review of its Parkinson's disease drug Rytary by three months until Jan. 21. Impax developed Rytary through a partnership with British drugmaker GlaxoSmithKline PLC. Shares of Impax Laboratories rose 2 cents to $26.07 in midday trading Friday.

  • Analysis: VP debate fierce and feisty Friday, 12 Oct 2012 | 11:30 AM ET

    WASHINGTON-- Fierce and focused, Vice President Joe Biden and Republican Paul Ryan gave voters the kind of substantive showdown that was everything the presidential debate was not. "Not a single thing he said is accurate," Biden shot back when Ryan leveled a charge that President Barack Obama was projecting U.S. weakness.

  • Veteran pol expected to prevail in Montenegro vote Friday, 12 Oct 2012 | 11:29 AM ET

    PODGORICA, Montenegro-- A politician who has ruled Montenegro as president, prime minister and behind-the-scenes power broker could end up leading his country again, if the polls about this weekend's election are correct.

  • Fitch lifts some of Cummins ratings Friday, 12 Oct 2012 | 11:28 AM ET

    NEW YORK-- Fitch Ratings is boosting some of its ratings for Cummins, citing the engine maker's improving profitability, financial flexibility and other factors. The ratings agency raised Cummins Inc.' s issuer default rating and its long-term debt ratings one notch in investment-grade status to "A" from "A-."

  • *Niger: Floods kill 91 people, says official Friday, 12 Oct 2012 | 11:26 AM ET
  • Forceful Raddatz draws praise as moderator Friday, 12 Oct 2012 | 11:25 AM ET

    NEW YORK-- ABC's Martha Raddatz took a forceful approach to moderating Thursday's vice presidential debate, winning many positive reviews from instant pundits on social media but some complaints from Republicans.

  • Donald Trump's back with 14 'Apprentice' All-Stars Friday, 12 Oct 2012 | 11:23 AM ET

    NEW YORK-- If at first you don't succeed.... NBC's "The Celebrity Apprentice" is bringing back 13 players fired from past "Apprentice" contests, plus one notable winner, in the first-ever "All-Star Celebrity Apprentice."

  • UK promises major inquiry on 1989 stadium disaster Friday, 12 Oct 2012 | 11:21 AM ET

    LONDON-- A U.K. watchdog has launched its biggest-ever investigation into police actions, opening a new inquiry Friday into the 1989 Hillsborough stadium disaster that left 96 fans dead and whole communities angry over a decades-long police cover-up.

  • Travelzoo falls as 3Q outlook disappoints Friday, 12 Oct 2012 | 11:09 AM ET

    NEW YORK-- Travelzoo's stock dropped to the lowest level in more than two years on Friday as the online travel company predicted that its third-quarter profit would shrink about 40 percent from a year ago. Travelzoo faces tough competition from other online travel companies such as Expedia Inc. and Priceline.com Inc..

  • AMD shares hit multi-year low after warning Friday, 12 Oct 2012 | 11:06 AM ET

    NEW YORK-- Shares of chipmaker Advanced Micro Devices Inc. hit a multi-year low Friday after it warned that sales in the latest quarter were well below its forecast.

  • *NYC aims to quell delivery bikes' wild rides Friday, 12 Oct 2012 | 11:04 AM ET
  • Oil rises slightly on unrest in the Middle East Friday, 12 Oct 2012 | 11:04 AM ET

    Benchmark oil fell 21 cents Friday to $91.86 per barrel in New York. On Friday, the International Energy Agency issued a new report predicting slower growth in demand for oil over the next five years. Friday's decline in the price of oil eroded some of the gains from earlier this week, when tensions between Syria and Turkey raised worries about supplies.

  • LA freeway construction worker crushed by beam Friday, 12 Oct 2012 | 11:02 AM ET

    Hundreds of workers and a lot of heavy machinery is involved in the project, but Thursday's accident was the first serious one reported since construction began in 2009, said Mark Littman, spokesman for the Los Angeles County Metropolitan Transportation Authority, which is overseeing the project.

  • *Md. resident pleads guilty to Medicaid fraud Friday, 12 Oct 2012 | 11:01 AM ET