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  • News Summary: US manufacturing grew in September Monday, 1 Oct 2012 | 1:22 PM ET

    FACTORY REBOUND: U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of factory activity rose to 51.5, up from 49.6 in August.

  • *Business events scheduled for Tuesday Monday, 1 Oct 2012 | 1:20 PM ET
  • Fashion show canceled after collection is lost Monday, 1 Oct 2012 | 1:19 PM ET

    PARIS-- There's going to be a one-hour hole in the normally tight Paris Fashion Week calendar, after representatives of label Hakaan said its entire collection had been lost. The whole collection is lost, "said Karen Nitsche of Karlaotto." Last November, Marc Jacobs canceled a London press preview after his collection was stolen during its transfer from Paris.

  • Dollar falls on growth in US manufacturing Monday, 1 Oct 2012 | 1:16 PM ET

    Manufacturing grew in September for the first time in four months, according to the Institute for Supply Management. The Commerce Department said Monday that builders spent more money to construct homes in August. The dollar fell to 0.9383 Swiss franc from 0.9404 Swiss franc and to 98.22 Canadian cents from 98.34 Canadian cents.

  • Workday prices IPO at $21 to $24 per share Monday, 1 Oct 2012 | 1:14 PM ET

    NEW YORK-- Workday Inc. said Monday it expects shares of its planned initial public stock offering to price at $21 to $24 each, valuing the company at about $3.61 billion.

  • Hertz to issue $1.2B in debt to fund acquisition Monday, 1 Oct 2012 | 1:14 PM ET

    Hertz said it plans to use the offering's proceeds to finance part of its tender offer for Dollar Thrifty Automotive Group Inc.' s shares and refinance some of that company's existing debt. In August, Park Ridge, N.J.- based Hertz reached a deal to buy Tulsa, Okla.- based Dollar Thrifty for $87.50 per share, or about $2.3 billion.

  • Free financial planning in 24 US cities in October Monday, 1 Oct 2012 | 1:12 PM ET

    Can't afford a financial planner? Four national nonprofit organizations are teaming up to offer free, no-strings-attached financial advice to the public on various dates between Oct. 6 and 27.

  • Econ recovery likely _ benefiting election winner Monday, 1 Oct 2012 | 1:04 PM ET

    WASHINGTON-- Eventually, the economic recovery will pick up steam _ whether Barack Obama or Mitt Romney is in the White House. But first, Obama or Romney, together with Congress, will have to pull back from the widely deplored "fiscal cliff," the politically created budget abyss facing the nation at year's end.

  • Natural gas hits year high as glut fears ease Monday, 1 Oct 2012 | 1:03 PM ET

    NEW YORK-- Natural gas futures jumped 13 cents Monday, nearly 4 percent, to $3.45 per thousand cubic feet. Natural gas is up 24 percent over the past month and up 81 percent since hitting a 10- year low of $1.91 on April 19.

  • Plane's loose seats force emergency landing in NYC Monday, 1 Oct 2012 | 1:01 PM ET

    NEW YORK-- American Airlines says a Boston- to- Miami flight had to make an emergency landing at New York's JFK airport over the weekend due to a row of seats that became loose. Passengers aboard the flight were placed on another aircraft for the trip to Miami. It says the FAA was notified of the problem and the airline's internal review.

  • Gretzky hopes for NHL labor deal by Winter Classic Monday, 1 Oct 2012 | 1:01 PM ET

    TORONTO-- The Great One is optimistic about the NHL's labor situation. Wayne Gretzky thinks the league's lockout will end before the showcase Winter Classic between the Detroit Red Wings and Toronto Maple Leafs.

  • News Summary: Online donors save SKorean film Monday, 1 Oct 2012 | 1:00 PM ET

    CROWDFUNDING: After being turned down by many investors over four years, one of South Korea's top film producers, Choi Yong- bae, raised nearly $404,000 from more than 12,000 people in less than three months to finance a film about a notorious South Korean president blamed for the massacre of democracy protesters.

  • Oklahoma refinery blast probe could take months Monday, 1 Oct 2012 | 11:57 AM ET

    OKLAHOMA CITY-- A spokeswoman for the U.S. Department of Labor says determining the cause of an explosion at an Oklahoma refinery that killed one worker and critically injured another could take months. Elizabeth Todd says Occupational Safety and Health Administration investigators are at the scene in Wynnewood Monday and could be there for up to a week.

  • Glance: Red Lobster menu, circa 1968 Monday, 1 Oct 2012 | 11:56 AM ET

    Red Lobster is launching its biggest menu revamp in a decade on Oct. 15. We Specialize in Fresh Florida Seafood, but some of our Seafoods come from distant points of the compass, such as Maine, Maryland, Alaska, Peru, Chile and even South Africa to name but a few.

  • McKesson will buy Med3000; terms not disclosed Monday, 1 Oct 2012 | 11:51 AM ET

    SAN FRANCISCO-- Prescription drug distributor McKesson Corp. said Monday that it agreed to buy Med3000, a health care management and technology service company. McKesson said the deal will expand its revenue management division. Shares of McKesson rose 34 cents to $86.37 in midday trading.

  • Huge tax increase looms at year-end 'fiscal cliff' Monday, 1 Oct 2012 | 11:50 AM ET

    WASHINGTON-- A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday.

  • Honda recalls 600,000 Accords to fix faulty hoses Monday, 1 Oct 2012 | 11:47 AM ET

    DETROIT-- Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire. Honda has a report of one fire but no injuries or crashes. Any owner who suspects a leak should take their car to a dealer for inspection, Honda spokesman Ed Miller said Monday.

  • Oil higher after US manufacturing report Monday, 1 Oct 2012 | 11:45 AM ET

    Benchmark crude rose 14 cents to $92.33 around 1:30 p.m. in New York. Brent crude, which is used to price international varieties of oil, fell 61 cents to $111.78 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • Survey suggests little economic growth in Midwest Monday, 1 Oct 2012 | 11:45 AM ET

    OMAHA, Neb.-- Little or no economic growth is likely this year in most of the nine Midwest and Plains states covered by a survey of business leaders, but the booming oil business will continue to drive growth in North Dakota and Oklahoma, according to the report released Monday.

  • Bass fishing and gas drilling meet in Pittsburgh Monday, 1 Oct 2012 | 11:43 AM ET

    PITTSBURGH-- Bass fishing, gas drilling and downtown Pittsburgh collided at a professional fishing tournament last week, and the unlikely partnership prompted cheers and concerns from anglers, environmentalists and the general public. One of the fishermen at the event said that even having a tournament in Pittsburgh is a sign of progress.

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