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  • Long shadow of financial crisis haunts banks Thursday, 11 Oct 2012 | 12:48 AM ET

    The New York attorney general sued JPMorgan Chase over the risky mortgage-backed securities once peddled by Bear Stearns, which JPMorgan now owns. Bank of America and Citi denied wrongdoing but said they were agreeing to settle because they wanted to move on. JPMorgan and Wells Fargo have said they will contest their pending charges.

  • Sweden offers Croatia Gripen fighters Thursday, 11 Oct 2012 | 12:45 AM ET

    ZAGREB, Croatia-- Sweden has offered eight Saab Gripen fighters to Croatia to replace its aging fleet of Soviet-made MiG-21 combat aircraft, Croatia's defense ministry said Thursday. NATO- member Croatia has six MiG-21s in its air force.

  • Carl Icahn offers to buy Oshkosh for about $3B Thursday, 11 Oct 2012 | 12:44 AM ET

    NEW YORK-- Billionaire investor Carl Icahn is making an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. He says management has taken a passive attitude toward the Wisconsin- based company's future and wants it to be more active. Its shares gained $3.40, or 12.7 percent, to $30.25 in midday trading.

  • Octavia Spencer writing books for middle schoolers Thursday, 11 Oct 2012 | 12:39 AM ET

    NEW YORK-- Oscar winner Octavia Spencer is looking to make some magic in the book world. The actress best known for "The Help" has a deal with Simon& Schuster Books for Young Readers for a pair of detective novels for middle school students.

  • South Dakota corn crop estimate lowered slightly Thursday, 11 Oct 2012 | 12:37 AM ET

    SIOUX FALLS, S.D.-- The federal Agriculture Department has slightly lowered its corn production forecast for South Dakota. Officials forecast the crop at just under 503 million bushels, down 1 percent from September and down 23 percent from last year.

  • Analyst cuts Higher One rating, price target Thursday, 11 Oct 2012 | 12:36 AM ET

    NEW YORK-- Higher One's stock declined more than 7 percent Thursday as Piper Jaffray cut its rating and price target for the college payment services company, saying its 2012 and 2013 forecasts are at risk due to challenging enrollment trends.

  • Pair cleared of theft in 'M-A-S-H' hot dog feud Thursday, 11 Oct 2012 | 12:30 AM ET

    TOLEDO, Ohio-- The grandson of an Ohio man who founded a hot dog eatery made famous on the TV series "M-A-S-H" was acquitted Thursday of scheming with a company controller to steal nearly $250,000 from the restaurant that sells its hot dog sauce and pickles in food stores nationwide.

  • China rejects US solar tariffs as protectionism Thursday, 11 Oct 2012 | 12:22 AM ET

    BEIJING-- China's government has criticized steep U.S. tariffs imposed on Chinese-made solar panels as an improper trade barrier and warned they will hurt development of clean energy. The Commerce Ministry on Thursday called on Washington to repeal the tariffs.

  • Ohio ice cream maker recalls some products Thursday, 11 Oct 2012 | 12:22 AM ET

    Velvet Ice Cream said Thursday that some of the peanut products bought from Sunland Inc. for use in the ice cream flavors could be contaminated. The recalled Velvet products are sold mainly at convenience stores, ice cream parlors and small, independent retailers in Ohio, Indiana, Kentucky, Tennessee, Virginia and West Virginia.

  • McGraw-Hill unit Platts buys Swiss firm Kingsman Thursday, 11 Oct 2012 | 12:20 AM ET

    NEW YORK-- The McGraw-Hill Companies Inc. said Thursday that its Platts division is buying Swiss analytics firm Kingsman SA for an undisclosed price. Founded in 1990 and based in Lausanne, Switzerland, Kingsman employs analysts, researchers and report writers in several markets, including London, Montreal, New Delhi and Sao Paulo.

  • Safeway bets that loyalty program will pay off Thursday, 11 Oct 2012 | 12:20 AM ET

    NEW YORK-- Safeway Inc. is betting that its investment in a new customer loyalty program will eventually pay off, as the supermarket operator looks to fend off big-box retailers and other competitors that are expanding their grocery aisles.

  • US foreclosure filings hit 5-year low in September Thursday, 11 Oct 2012 | 12:14 AM ET

    It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report Thursday by foreclosure listing firm RealtyTrac Inc..

  • Stifel Nicolaus asks if bank rally is near an end Thursday, 11 Oct 2012 | 12:13 AM ET

    NEW YORK-- A banking analyst at Stifel Nicolaus is wondering whether the rally in bank stocks has gone too far. Anthony Davis, who leads the financial institutions team at Stifel Nicolaus, points to a number of factors that could weaken the bank-stock rally in a research note out Thursday.

  • Tully's Coffee parent files for Ch. 11 bankruptcy Thursday, 11 Oct 2012 | 12:12 AM ET

    The parent company of Tully's Coffee has filed for Chapter 11 bankruptcy protection and will close nine stores this Sunday. The Seattle- based coffee chain has long struggled under the shadow of Starbucks Corp.. Tully's opened its first store in 1992. It has shops in Arizona, California, Colorado, Idaho, Montana, Oregon and Washington.

  • 7th man dies after Minn. company shooting in Sept. Thursday, 11 Oct 2012 | 12:10 AM ET

    Eric Rivers died at Hennepin County Medical Center on Wednesday night, his family said in a statement. The production manager became the sixth victim to die from the Sept. 27 shootings at Accent Signage Systems in Minneapolis, not including gunman Andrew Engeldinger, 36, who committed suicide.

  • 49ers to play Jaguars in London in 2013 Thursday, 11 Oct 2012 | 12:07 AM ET

    LONDON-- The San Francisco 49 ers will return to Wembley Stadium to play an NFL regular-season game against the Jacksonville Jaguars in 2013.. The Jaguars, who have a deal to play one home game in London for four consecutive seasons beginning in 2013, will face the 49 ers on Oct. 27, 2013.

  • Wendy's pigtails get first touchup since 1983 Thursday, 11 Oct 2012 | 12:04 AM ET

    NEW YORK-- Wendy's pigtails are getting a tweak. In an interview with The Associated Press, CEO Emil Brolick said the current logo had served the company well for the past three decades, but that it was time for an update. It's only the fifth logo update since founder Dave Thomas opened the first Wendy's in 1969, and perhaps the most significant.

  • NHL, union resume talks to try to end lockout Thursday, 11 Oct 2012 | 12:03 AM ET

    NEW YORK-- The NHL and the players' association resumed meetings Thursday to try to end the monthlong lockout. Although it has been a week since the NHL called off the first two weeks of the regular season, that sting will be felt full force Thursday when what should have been opening day passes without a puck hitting the ice.

  • *ABC's Robin Roberts home from hospital Thursday, 11 Oct 2012 | 12:03 AM ET
  • American to continue reducing flights in November Thursday, 11 Oct 2012 | 12:01 AM ET

    FORT WORTH, Texas-- American Airlines says it will cut passenger-carrying capacity by 1 percent in the first half of November as it tries to recover from widespread delays and a spike in cancelations. American said Thursday that the pullback will give it more time to return to normal operations without affecting holiday travel.