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  • AAA Michigan: Gas prices fall about 2 cents Monday, 1 Oct 2012 | 11:27 AM ET

    DEARBORN, Mich.-- AAA Michigan says gasoline prices have fallen 2.2 cents during the past week to a statewide average of about $3.88 per gallon. Of the Michigan cities it surveys, AAA Michigan said the cheapest price for self-serve unleaded fuel is in the Lansing/ E. Lansing areas, where it's about $3.83 a gallon.

  • Merkel challenger blasts German-Swiss tax deal Monday, 1 Oct 2012 | 11:25 AM ET

    Peer Steinbrueck has long been critical of a proposed treaty that would see Germany receive billions of euros from Switzerland in return for dropping a demand to get the names of suspected tax cheats.

  • Apricus will seek Canadian MycoVa approval in 2013 Monday, 1 Oct 2012 | 11:25 AM ET

    SAN DIEGO-- Apricus Biosciences Inc. said Monday it will ask Canadian regulators to approve its antifungal drug MycoVa in late 2013, and the company's shares rose in morning trading. Apricus said Health Canada feels that a new analysis of the company's clinical trials of MycoVa is sufficient to support its request for marketing approval.

  • Rooftop pool, wine bar: Hotels building in Africa Monday, 1 Oct 2012 | 11:25 AM ET

    This is the face of new, high-end hotels in Africa. International hotel developers are planning nearly 40,000 new rooms across Africa in the coming years. Travel and tourism in Africa generates about $164 billion a year, 9 percent of the continent's total GDP, said David Scowsill, president and chief executive of World Travel& Tourism Council.

  • ANA starting Boeing 787 on Seattle-Tokyo route Monday, 1 Oct 2012 | 11:25 AM ET

    SEATAC, Wash.-- All Nippon Airways puts a Boeing 787 into daily service Monday on the Tokyo- Seattle route. The flight from Tokyo is scheduled to arrive just before 11 a.m. at Sea-Tac Airport. The airline started the Seattle- Tokyo route in July, using a Boeing 777..

  • Peanut butter recall includes major retailers Monday, 1 Oct 2012 | 11:24 AM ET

    New Mexico- based Sunland Inc. has expanded its recall of peanut butter and almond butter to include cashew butters, tahini and blanched and roasted peanut products.

  • Facebook founder mulls Russian research center Monday, 1 Oct 2012 | 11:16 AM ET

    MOSCOW-- A Russian official says Facebook head Mark Zuckerberg is being encouraged to expand its operation in Russia. Russia's communications minister tweeted that Prime Minister Dmitry Medvedev persuaded the social media giant's founder Monday to abandon plans to lure away Russian programmers and instead open a research center in Moscow.

  • EU official: Spain has not asked for bailout Monday, 1 Oct 2012 | 11:16 AM ET

    MADRID-- Europe's commissioner for monetary affairs, Olli Rehn, said Monday that Spain had as not yet asked for a bailout package and added that he was confident the recession-strapped country would meet its stated deficit reduction goals.

  • Small biz lending up in Aug., 2nd straight gain Monday, 1 Oct 2012 | 11:13 AM ET

    NEW YORK-- Business is looking a little brighter at smaller companies. A survey released Monday shows that they borrowed more money during August _ a sign that business owners are becoming more confident about the economy.

  • $1M grant to help Vt. energy efficiency projects Monday, 1 Oct 2012 | 11:11 AM ET

    BURLINGTON, Vt.-- The mayor of Vermont's largest city says a $1 million grant will help the Burlington Electric Department provide financing to customers for energy efficiency projects.

  • Fed chairman Bernanke making Indianapolis visit Monday, 1 Oct 2012 | 11:09 AM ET

    INDIANAPOLIS-- Federal Reserve Chairman Ben Bernanke is visiting Indianapolis to speak before the Economic Club of Indiana. A crowd of about 2,000 people is expected at Monday's luncheon at the Indiana Convention Center for Bernanke's speech, which is being watched as it comes in the midst of the presidential campaign.

  • Maine gas prices up slightly Monday, 1 Oct 2012 | 11:08 AM ET

    AUGUSTA, Maine-- After a big drop last week, gas prices in Maine are back on the rise. Price-monitoring website MaineGasPrices.com reports Monday that the average retail price of gasoline in Maine has risen just over a penny in the past week to an average of $3.95.

  • New Hampshire gas prices go up slightly Monday, 1 Oct 2012 | 11:08 AM ET

    CONCORD, N.H.-- The average price of gas in New Hampshire has gone up a penny a gallon in the last week, averaging $3.86. The national price, meanwhile, has fallen 2.4 cents per gallon to $3.79. The website Newhampshiregasprices.com says prices in the state were 39.2 cents per gallon higher than the same day a year ago and 11.4 cents per gallon higher than a month ago.

  • Ohio gas prices holding steady Monday, 1 Oct 2012 | 11:06 AM ET

    COLUMBUS, Ohio-- Ohio motorists will see gas prices holding steady as they begin a new work week. A month ago, the average gas price in Ohio was $3.89. This time last year, the Ohio average was $3.22.

  • ND Legislature may take up lockout benefit dispute Monday, 1 Oct 2012 | 11:05 AM ET

    BISMARCK, N.D.-- A lawmaker says he's expecting the North Dakota Legislature to take up the issue of whether workers who are locked out of their jobs should get unemployment benefits. The North Dakota Supreme Court is considering whether state law provides jobless benefits for about 400 locked-out workers at American Crystal Sugar Co..

  • Lobster Academy teaches lobster basics Monday, 1 Oct 2012 | 11:05 AM ET

    The Lobster Academy runs from Monday through Thursday in St. Andrews, New Brunswick. The dean of the school is Bob Bayer, the head of the University of Maine's Lobster Institute. The academy evolved from the Lobster Institute's Lobster College, which was held in Boothbay Harbor and Winter Harbor for several years.

  • Oil rig scam defendants set for first court date Monday, 1 Oct 2012 | 11:04 AM ET

    WICHITA, Kan.-- Seven men accused of cheating investors out of $132 million with false promises about companies that leased oil rigs are due in federal court in Wichita, Kan.. Six of the defendants are from Kansas; the other is from Oklahoma. Magistrate Judge Karen Humphreys in Wichita.

  • CVR Energy unit plans to raise up to $300M in IPO Monday, 1 Oct 2012 | 11:03 AM ET

    SUGAR LAND, Texas-- CVR Energy's refining subsidiary plans to raise up to $300 million in an initial public offering. CVR Refining LP plans to list its common units on the New York Stock Exchange under the ticker symbol "CVRR." Shares of CVR Energy Inc., based in Sugar Land, Texas, gained $3.70, or 10.1 percent, to $40.45 in morning trading.

  • Vt. Tech College gets trade assistance grant Monday, 1 Oct 2012 | 11:02 AM ET

    MONTPELIER, Vt.-- The Randolph- based Vermont Technical College is getting a $3.4 million federal grant for training programs for state industries that support agriculture, food production, waste disposal and energy production.

  • TVA upgrading Sequoyah nuclear plant sirens Monday, 1 Oct 2012 | 11:01 AM ET

    TVA said contractors will begin work this week to replace 108 sirens and add four more in its nuclear plant emergency zone in Bradley and Hamilton counties. TVA has done similar siren work at Browns Ferry Nuclear Plant near Athens, Ala., and plans an upgrade at Watts Bar Nuclear Plant in Spring City. TVA says it's investing $7 million in the project.

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