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  • No quick end to Alaska Airlines flight delays Monday, 8 Oct 2012 | 3:22 PM ET

    The failure has caused delays at the Seattle- based airline's entire network of 64 destinations, which also includes airports in Alaska, Mexico and Canada. Alaska Airlines has an average of 436 flights a day.

  • News Summary: EU exec 'less pessimistic' on euro Monday, 8 Oct 2012 | 3:18 PM ET

    :The European Union's financial affairs chief says he "less pessimistic" about the future of the euro than earlier this year but warned that the region was still a long way to go before the crisis over too much debt is solved. The OUTLOOK: The countries considered in the most tenuous financial condition are Greece and Spain.

  • Eli Lilly stock rises after release of study data Monday, 8 Oct 2012 | 3:08 PM ET

    Shares of Eli Lilly and Co. topped $50 for the first time in more than four years Monday after the drugmaker released more details behind late-stage studies of its potential Alzheimer's disease treatment.

  • NJ Transit to vote on ending workers' free rides Monday, 8 Oct 2012 | 3:06 PM ET

    NEWARK, N.J.-- Free rides on New Jersey Transit trains and buses may be coming to an end for some of the agency's employees. Chris Christie's emphasis on accountability to taxpayers. Similar measures have been approved by the New Jersey Turnpike Authority, Delaware River Port Authority and Port Authority of New York and New Jersey.

  • ECB official: Urgent need for new bank supervisor Monday, 8 Oct 2012 | 3:00 PM ET

    FRANKFURT, Germany-- A top European Central Bank official says the European Union should move ahead quickly with a new banking supervisor to deal with its shaky financial system. EU officials have proposed a Jan. 1 phase-in for the ECB to start supervising banks in the most troubled countries, with all 6,000 banks being supervised by the start of 2014..

  • If voters OK hemp, unclear farmers would grow it Monday, 8 Oct 2012 | 2:54 PM ET

    SEATTLE-- Residents of Washington, Oregon and Colorado won't just be considering whether to let adults buy pot at state-sanctioned shops when they vote next month on legalizing and taxing marijuana. "Farmers are already engaged in a high-risk endeavor," said Roy Kaufmann, a spokesman for Oregon's pot initiative. "

  • Heat arrive in China for preseason games Monday, 8 Oct 2012 | 2:52 PM ET

    MIAMI-- LeBron James is visiting China for the ninth time, which makes him one of the resident Miami Heat experts about the world's most populous nation. So maybe it's fortunate that the coming week won't exactly include a ton of free time for the Heat, who arrived in Beijing on Monday night for a weeklong trip.

  • Leclerc role as deaf teen gives her career boost Monday, 8 Oct 2012 | 2:44 PM ET

    NEW YORK-- Playing a deaf teen on the ABC Family drama "Switched at Birth" has put Katie Leclerc on Hollywood's radar. "I was acting for about 10 years before I got `Switched,' the 25- year-old actress said in a recent interview." Leclerc plays Daphne Vasquez, a teen who lost her hearing as a child after a bout with meningitis.

  • Release of 'winter-blend' gas could reduce prices Monday, 8 Oct 2012 | 2:43 PM ET

    Jerry Brown ordered them to allow so-called "winter-blend" gasoline to be sold in California earlier than usual to increase supply. AAA said the average price for a gallon of regular gasoline in California hit $4.668 Monday _ the highest price in the nation and an all-time high for the Golden State. California usually converts to the gas on Oct. 31.

  • 'Girls' star Lena Dunham gets 7-figure book deal Monday, 8 Oct 2012 | 2:42 PM ET

    NEW YORK-- "Girls" creator Lena Dunham has a seven-figure book deal with Random House. "In the tradition of Helen Gurley Brown, David Sedaris and Nora Ephron, Dunham's book will offer frank and funny advice on everything from sex to eating to traveling to work," Random House said in an announcement Monday. Random House is owned by Bertelsmann AG.

  • California gas price surge really adds up Monday, 8 Oct 2012 | 2:36 PM ET

    Someone in California who drives 300 miles per week and gets 20 miles per gallon spends nearly $18 more than a South Carolina motorist. The pocketbook punch is far greater when comparing the most expensive station in California with the cheapest in South Carolina.

  • Qatar Airways joins airlines alliance Monday, 8 Oct 2012 | 2:36 PM ET

    NEW YORK-- Qatar Airways is joining an alliance of airlines including American Airlines, British Airways and nine other carriers that coordinate routes and allow passengers to earn frequent flier miles on each other's flights.

  • Pepco, union agree to terms; strike likely averted Monday, 8 Oct 2012 | 2:33 PM ET

    WASHINGTON-- Pepco and its union say they have reached a tentative contract agreement that will likely avert a strike. The utility that covers the nation's capital says the preliminary agreement is subject to a vote by the International Brotherhood of Electrical Workers Local 1900.

  • Iowa: Linn County leaders support casino Monday, 8 Oct 2012 | 2:33 PM ET

    CEDAR RAPIDS, Iowa-- Linn County supervisors are on board with a plan that could bring a casino to Cedar Rapids, Iowa _ as long as backers meet several conditions.

  • Spectrum Pharm says Folotyn patent extended Monday, 8 Oct 2012 | 2:32 PM ET

    HENDERSON, Nev.-- Spectrum Pharmaceuticals Inc. said Monday that the U.S. government extended the patent on its lymphoma drug Folotyn by five years. It said sales of Folotyn totaled about $50 million in 2011.. Shares of Spectrum rose 26 cents, or 2.2 percent, to $12.24 in afternoon trading.

  • News Summary: Soda machines to post calories Monday, 8 Oct 2012 | 2:31 PM ET

    SUGAR SHOCK: Coco-Cola Co., PepsiCo Inc. and Dr Pepper Snapple Group Inc. say they'll start posting calorie counts on vending machines starting next year. A LITTLE CONTEXT: The move comes ahead of a regulation that could require restaurant chains and vending machines to post calorie information.

  • Miss. AG opposes payday ending bill Monday, 8 Oct 2012 | 2:31 PM ET

    JACKSON, Miss.-- Mississippi Attorney General Jim Hood has joined at least 40 other states' legal officers in opposing legislation in Congress that could pre-empt states' authority in governing payday lending businesses.

  • Tulsa commission takes no action against jazz hall Monday, 8 Oct 2012 | 2:25 PM ET

    TULSA, Okla.-- Tulsa County commissioners took no action Monday against the Oklahoma Jazz Hall of Fame after the nonprofit announced it had raised enough money to pay off its long-overdue bills.

  • Stocks lower on weak outlook for 3Q, Asian economy Monday, 8 Oct 2012 | 2:23 PM ET

    Investors looked warily at forecasts for poor U.S. corporate earnings and weaker growth in Asia and decided there wasn't much reason to buy stocks. Companies in the S&P 500 index are expected to post an overall decline in profits for the first time in 11 quarters, according to FactSet.

  • Analyst expects strong demand for Cerus systems Monday, 8 Oct 2012 | 2:19 PM ET

    NEW YORK-- A Cowen and Co. analyst said Monday that Cerus Corp., which makes devices that are used to clean donated blood, should report strong revenue growth as sales of its Intercept system increase.