NEW YORK, Oct 24- Oil prices lurched lower before paring some losses on Friday, with traders jittery over more signs of abundant crude supplies in the near term and a shift in U.S. markets toward a weakened contango structure. December oil futures fell by more than $1 a barrel to hover about 20 cents above the January contract, threatening to flip to a discount versus...» Read More
WASHINGTON-- President Barack Obama and Republican Mitt Romney teed up the last three weeks of the presidential election as a question of which man voters can trust to improve the economy. Obama, vastly more animated than in his first debate, accused Romney of misleading voters about his record on China, the U.S. auto industry and U.S. energy production.
MERRILL LYNCH FALLOUT: Bank of America's third-quarter profits suffered after the bank agreed last month to settle a big shareholder lawsuit. REFINANCING BOOM: Mortgage originations rose over the year, echoing a trend this quarter that also helped JPMorgan Chase and Wells Fargo.
DENVER-- Five people were found dead in a neighborhood bar where a fire broke out around closing time early Wednesday, and police think the blaze was set to cover up their slayings. The fire at Fero's Bar& Grill was reported around closing time at 2 a.m., Police Chief Robert White said. They didn't perish in the fire, "police Commander Ronald Saunier said.
NEW YORK-- The night busted open in New York City as Bruce Springsteen and other Rock and Roll Hall of Famers helped Steven Van Zandt celebrate his Big Man of the Year award. "What a liar," Van Zandt retorted with a grin.
NEW YORK-- Candy Crowley's signature moment as moderator of Tuesday's rough-and-tumble presidential debate came when she was called upon to referee a dispute over President Barack Obama's description of the attack on the U.S. Consulate in Benghazi, Libya as an act of terror.
"Companies are going out of the box," observes Ted Carmon, spirits buyer for the BevMo! Bill Newlands, president of Beam Inc., which bought Pinnacle Vodka earlier this year, sees the intensely flavored Whipped as playing into a trend of consumers "whether it's an alcohol beverage or anything else, looking for more flavor reward."
At the University of Cincinnati, 200 students were expected to turn out to watch the second debate between Barack Obama and Mitt Romney. "It goes without saying that the knives were out," said Karim Aladmi, a 21- year-old international affairs major from Dayton, Ohio, who wore a suit and tie for the occasion.
LISLE, Ill.-- Heavy truck and engine company Navistar International Corp. said Wednesday that it named John Pope to its board. Pope's appointment and Harrison's retirement are effective immediately, keeping the total number of Navistar board members at 10, Navistar said.
NEW YORK-- THE NUMBERS: PepsiCo Inc.' s net income fell 5 percent in the third quarter, as the company spent more on marketing and was hit by higher costs for ingredients and unfavorable currency exchange rates.
Instead, some folks in Josephine County, larger than the state of Rhode Island, are taking matters into their own hands _ mounting flashing lights on their trucks and strapping pistols to their hips to guard communities themselves. Others have put together a virtual neighborhood watch, using Facebook to share tips and information.
NEW YORK-- The nation's crude oil and gasoline supplies increased last week, the government said Wednesday. Crude inventories grew by 2.9 million barrels, or 0.8 percent, to 369.2 million barrels, which is 10.9 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
NEW YORK-- Wanted: A few good recruits for an airline that's seen better days. To replace some of its departing staff, American Airlines will hire 1,500 flight attendants starting next month, with training beginning in January.
FRANKLIN, Tenn.-- With its shares trading around their highest prices in 15 years, Acadia Healthcare Co. on Wednesday registered an offering of up to $200 million in stock. Shares of Acadia have more than doubled in value in 2012, closing at $22.54 Tuesday after ending 2011 at $9.97. In morning trading Acadia Healthcare stock gained 7 cents to $22.61.
NICOSIA, Cyprus-- Cyprus' finance minister says he expects the final round of talks with potential creditors on a bailout agreement to start next week. Vassos Shiarly said there's no specific date when officials from the so-called troika _ the European Commission, the European Central Bank and the International Monetary Fund _ will arrive here.
Ernest Hawk, vice president of cancer prevention at the University of Texas MD Anderson Cancer Center and formerly of the National Cancer Institute. Hawk reviewed the study for the American Association for Cancer Research, which is meeting in Anaheim, Calif., where the study was to be presented on Wednesday.
MILWAUKEE-- Water-heater maker A.O. Smith's net income dropped 80 percent from last year's third quarter, when it gained from an asset sale. A.O. Smith raised its full-year earnings forecast, saying it expects its business to continue to perform well through the end of the year.
DENVER-- About 25,000 electricity customers are without power in the Denver area and in northern Colorado as a powerful wind storm buffets the state. The National Weather Service is predicting sustained winds of 25 to 40 mph with gusts of up to 60 mph possible across the eastern half of Colorado Wednesday.