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  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Asia stocks fall after Spain gets downgrade Wednesday, 10 Oct 2012 | 11:05 PM ET

    BANGKOK-- Asian stock markets fell Thursday after Spain, the fourth-largest euro economy, was slapped with a two-notch credit downgrade and the U.S. earnings season opened with a whimper.

  • SKorea cuts key rate, lowers growth forecasts Wednesday, 10 Oct 2012 | 10:51 PM ET

    SEOUL, South Korea-- South Korea's central bank cut its key interest rate Thursday for the second time this year and slashed growth forecasts as Asia's fourth-largest economy faces mounting threats from the protracted debt crisis in Europe and a worsening global slowdown.

  • IMF chief urges action in tackling euro crisis Wednesday, 10 Oct 2012 | 10:11 PM ET

    TOKYO-- The head of the International Monetary Fund on Thursday called for urgent action to tackle Europe's debt problems and an approaching fiscal crisis in the U.S., warning that the struggling world economy is already falling short of even pessimistic expectations.

  • SKorea cuts benchmark rate for 2nd time this year Wednesday, 10 Oct 2012 | 9:17 PM ET

    SEOUL, South Korea-- South Korea's central bank trimmed the key interest rate Thursday for a second time this year, as Asia's fourth-largest economy faces mounting threats from the protracted debt crisis in Europe and the slowing growth in the world economy.

  • News Summary: Wal-Mart unveils strategies Wednesday, 10 Oct 2012 | 9:06 PM ET

    WAL-MART'S MESSAGE: Wal-Mart executives told analysts that they expect the retailer to keep the growing coming even as it becomes more disciplined in its spending on new stores.