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  • No bail for man accused in Russian technology sale Thursday, 11 Oct 2012 | 5:39 PM ET

    Magistrate George Hanks Jr. in Houston ordered Alexander Fishenko and two other defendants to federal custody in Brooklyn, N.Y., where they face numerous charges. Fishenko, owner of Houston- based Arc Electronics Inc., and seven of his employees were arrested last week. Another man arrested in Houston, Shavkat Abdullaev, waived the bail request.

  • Quest Diagnostics cutting 400 to 600 jobs Thursday, 11 Oct 2012 | 5:38 PM ET

    MADISON, N.J.-- Medical laboratory operator Quest Diagnostics Inc. said Thursday it will cut 400 to 600 management positions and reorganize its business. Quest expects to take $15 million to $20 million in charges associated with the restructuring and job cuts.

  • Mailing a letter to cost a penny more next year Thursday, 11 Oct 2012 | 5:28 PM ET

    The cash-strapped U.S. Postal Service said Thursday that it will raise postage rates on Jan. 27, including a 1- cent increase in the cost of first-class mail to 46 cents. Currently, the prices vary depending on the international destination, with letters to Canada and Mexico costing 85 cents.

  • Weyerhaeuser raises dividend Thursday, 11 Oct 2012 | 5:25 PM ET

    FEDERAL WAY, Wash.-- Lumber and real estate company Weyerhaeuser Co. boosted its dividend on Thursday and said the housing market appears to be improving. The company will pay a dividend of 17 cents per share on Nov. 30 to shareholders of record Nov. 9.

  • AMD shares tumble on dismal outlook Thursday, 11 Oct 2012 | 5:19 PM ET

    SUNNYVALE, Calif.-- Shares of Advanced Micro Devices Inc. fell nearly 8 percent in after-hours trading Thursday after the chipmaker said third-quarter revenue will fall about 10 percent compared to the second quarter because of weaker-than-expected demand across all of its products.

  • 3rd quarter mutual fund performance, at a glance Thursday, 11 Oct 2012 | 5:18 PM ET

    Mutual fund performance was strong overall in the third quarter. The Federal Reserve and central banks in other nations approved additional economic stimulus measures. Listed are average returns in various fund categories, as tracked by Lipper Inc..

  • Stimulus measures boosted fund returns in 3Q Thursday, 11 Oct 2012 | 5:17 PM ET

    BOSTON-- There's not much good news for investors. Even so, the Standard& Poor's 500 index climbed 5.8 percent in the latest quarter, while U.S. stock mutual funds returned an average 5.3 percent, according to fund tracker Lipper Inc..

  • Government attorneys object to Solyndra plan Thursday, 11 Oct 2012 | 5:11 PM ET

    WILMINGTON, Del.-- Government attorneys are urging a Delaware bankruptcy judge to reject the proposed reorganization plan of failed solar power company Solyndra LLC. Internal Revenue Service attorneys filed papers this week saying the plan's principal purpose is tax avoidance.

  • News Summary: IPO market revs up in 4th quarter Thursday, 11 Oct 2012 | 5:10 PM ET

    SIGNS OF LIFE: After a string of disappointing debuts, the IPO market showed signs of life Thursday, with shares of four newly public companies each shooting up more than 20 percent in their first day of trading.

  • JB Hunt shares jump after glowing 3Q profit Thursday, 11 Oct 2012 | 5:08 PM ET

    LOWELL, Ark.-- Trucking and logistics company J.B. Hunt Transport Services Inc. said Thursday that its third-quarter profit rose almost 14 percent, as a decline in its trucking business was offset by growth in other areas. The company earned $78.2 million, or 65 cents per share, for the quarter that ended Sept. 30.

  • Fewer US layoffs no longer suggest strong hiring Thursday, 11 Oct 2012 | 5:07 PM ET

    WASHINGTON-- Declining applications for unemployment benefits have typically pointed to stronger hiring. Since the U.S. recession officially ended in June 2009, fewer layoffs have meant fewer people seeking unemployment aid.

  • Gulf oil sheen blamed on 2010 wreckage, not well Thursday, 11 Oct 2012 | 5:02 PM ET

    NEW ORLEANS-- Federal scientists and BP say oil appears to have leaked last month from the drilling wreckage lying at the bottom of the Gulf of Mexico near where a BP well blew out in 2010, causing the nation's worst offshore spill.

  • Sector Wrap: Diabetes drug makers Thursday, 11 Oct 2012 | 5:00 PM ET

    NEW YORK-- A Jefferies& Co. analyst said Thursday that sales of diabetes drugs should keep growing at a strong clip for the rest of the decade, reaching $65 billion a year in 2020.. He said Eli Lilly and Co. should surpass France's Sanofi as the second-largest diabetes drug seller.

  • United Airlines' airfare increase loses altitude Thursday, 11 Oct 2012 | 4:51 PM ET

    Delta Air Lines said Thursday that it rolled back an increase of $4 to $10 per round trip on many U.S. routes. Delta had raised prices to match an increase started by United Airlines. J.P. Morgan analyst Jamie Baker says the increase is unraveling because it gained only limited support from a few other carriers _ American, Alaska and US Airways.

  • Oil rises above $92 a barrel Thursday, 11 Oct 2012 | 4:45 PM ET

    Oil prices rose Thursday as tension between Turkey and Syria raised concerns that crude oil supplies from the Middle East could be disrupted. On the New York Mercantile Exchange:. Benchmark crude rose 82 cents to finish at $92.07 per barrel.

  • News Summary: Lawsuit says buyout firms colluded Thursday, 11 Oct 2012 | 4:42 PM ET

    THE CHARGE: Executives at some of the country's largest private equity firms reportedly told each other they wouldn't drive up prices for companies they were looking to buy, according to new court documents.

  • News Summary: Market flatlines on jobs, Europe Thursday, 11 Oct 2012 | 4:39 PM ET

    THE JOBS REPORT: The Labor Department reported that weekly unemployment claims fell to their lowest level since February 2008. Sprint Nextel said that a Japanese cell phone company, Softbank Corp., is in talks to invest in the company. Truck company Oshkosh Corp. rose after activist investor Carl Icahn offered to buy the company.

  • Sprint, Safeway, Oshkosh are market movers Thursday, 11 Oct 2012 | 4:37 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Sprint Nextel Corp., up 72 cents at $5.76. Safeway Inc., down 58 cents at $15.71.

  • Fla. man accused of returning used enemas Thursday, 11 Oct 2012 | 4:36 PM ET

    JACKSONVILLE, Fla.-- Prosecutors say a Florida man resealed and returned used enemas to pharmacies who resold them to unsuspecting customers. Thirty-four-year-old Ronald Eugene Robinson, of Jacksonville, faces federal charges of tampering with consumer products. There were two phone listings for a Ronald E. Robinson in Jacksonville.

  • Market flatlines, pulled by jobless claims, Europe Thursday, 11 Oct 2012 | 4:30 PM ET

    The Dow Jones industrial average rose as much as 83 points, shrugging off a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. "There's not a lot to move the market today," said Erik Davidson, deputy chief investment officer of Wells Fargo Private Bank in San Francisco. "