Sept 1- U.S. stock index futures fell sharply on Tuesday after data showed that China's manufacturing sector shrank at its fastest pace in three years and its services sector also showed signs of cooling. S&P 500 e-minis were down 42.25 points, or 2.15 percent, with 372,618 contracts traded at 6:17 a.m. ET. Nasdaq 100 e-minis were down 95 points, or 2.22 percent, on...» Read More
SolarCity Corp., an installer of rooftop solar electric systems, on Friday filed initial paperwork for taking the company public in stock offering that could raise about $200 million. The company, based in San Mateo, Calif., will trade on the Nasdaq Global Market under the ticker symbol "SCTY."
BAD MEDICINE: The Food and Drug Administration has ordered operators of about 4,100 websites to immediately stop selling unapproved medications to U.S. consumers. FDA SHOT: Three companies that operate most of the sites have been sent warning letters ordering them to stop.
WASHINGTON-- Sasquatch might as well have traipsed across the White House lawn Friday with a lost Warren Commission file on his way to the studio where NASA staged the moon landing. Officials at the Labor Department said the jobs figures are calculated by highly trained government employees without any political interference.
FAIRFAX, Va.-- Mitt Romney was still celebrating his widely praised debate performance when the campaign lurched in a different direction. Incumbent and challenger alike campaigned in battleground states during the day, each man starting out in Virginia before the president headed for Ohio and Romney flew to Florida.
Former General Electric CEO Jack Welch set off a wave of conspiracy theories Friday by tweeting, "Unbelievable jobs numbers.. these Chicago guys will do anything.. can't debate so change numbers." "Chicago" refers to President Barack Obama's campaign headquarters. " _ "If there's anyone who knows about slashing American jobs, it's Jack Welsh.
BOZEMAN, Mont.-- More than a dozen eastern Montana landowners filed a lawsuit Friday against Exxon Mobil Corp. claiming the company ignored warnings before a pipeline break that spilled an estimated 1,500 barrels of crude oil into the Yellowstone River. Exxon Mobil spokesman Patrick Henretty said the company had not received the lawsuit.
SANTA ANA, Calif.-- The operator of a California business where the public can store wine bottles has been charged with stealing nearly $3 million in vintage wines from clients' storage lockers. Osumi's arraignment in Orange County Superior Court was postponed from Friday until Nov. 2.
ABINGDON, Va.-- The cheering stopped on Mitt Romney's campaign plane Friday morning. The day before, aides had whistled and clapped when the Denver control tower commended the Republican presidential nominee's debate performance.
The unemployment rate's sharp fall in September, reported a month before the election, led some Republicans to question whether the numbers had been manipulated to benefit President Barack Obama. They noted that the report is prepared under tight security with no White House input or supervision.
NEW YORK-- Insurance giant American International Group Inc. said Friday it has agreed on terms of an amended four-year, $4 billion credit facility. Thirty-four banks took part in the facility, with units J.P. Morgan Securities and Citigroup Global Markets acting as leads.
Spain's banks and government are struggling as the country suffers through its second recession in three years and its overall unemployment rate is at nearly 25 percent.
LONDON-- James Bond lovers have spent thousands of pounds for pieces of memorabilia from the spy movies at a London auction. Among the items under the hammer Friday in London was the complete works of Ian Fleming, Bond's creator. A navy, wool Tom Ford suit worn by Daniel Craig in the new Skyfall film due out on Oct. 26 sold for 46,850 pounds.
Among the stock activity stories for Friday, Oct. 5, from AP Business News:. _ Shares of Glu Mobile Inc. sold off after Zynga Inc., another online games developer, slashed its guidance. But one analyst says Glu should benefit from Zynga's problem: Gamers' shift from computers to phones.
Among the stock activity stories for Friday, Oct. 5, from AP Business News:. _ Shares of business software maker Informatica Corp. made a small rebound after losing more than 20 percent of their value a day earlier following the company's disappointing third-quarter forecast.
The FDA said Friday that a recent inspection found salmonella in the plant which produced Trader Joe's Valencia Creamy Peanut Butter and many other nut butters and nut products for several large national grocery chains. FDA has found problems at Sunland before.
PORTLAND, Ore.-- Schmitt Industries Inc. said Friday that President James Fitzhenry will replace Wayne Case as CEO. Fitzhenry, 57, has been president of the company since June 2009. It reported $14.4 million in revenue in its most recent fiscal year.
Crude oil gave up $1.83 to $89.88 per barrel on the New York Mercantile Exchange. Gold for December delivery gave up $15.70 to $1,780.80 an ounce. COFFEE CREAMED: Coffee prices slumped 4 percent, giving up 6.95 cents to settle at $1.6810 per pound.
NEW YORK-- Oil and gas producer Newfield Exploration Co. said Friday that it completed the sale of its Gulf of Mexico exploration and production properties to W&T Offshore Inc.. Newfield shares rose 18 cents to close at $30.54. W&T Offshore fell 34 cents to close at $18.87.
NEW YORK-- Campbell Soup CEO Denise Morrison, who is looking to revive the company's fortunes, was given a pay package worth $7.4 million for her first year on the job.
WASHINGTON-- The U.S. unemployment rate dropped below 8 percent for the first time since the month President Barack Obama took office, a surprising lift for both the economy and his re-election hopes in the final weeks of the campaign. It fell because a government survey of households found that 873,000 more people had jobs, the biggest jump since January 2003.