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  • Raytheon wins $349M Army contract Monday, 8 Oct 2012 | 3:46 PM ET

    Raytheon Co. said Monday that it has won a $349 million five-year contract to provide anti-tank missiles for the U.S. government. Under the contract, Raytheon will deliver 6,676 of the new wireless missiles for the U.S. Army. The defense contractor is based in Waltham, Mass. Its shares fell 14 cents to $55.34 by late afternoon.

  • At a glance: Oil falls after World Bank warning Monday, 8 Oct 2012 | 3:41 PM ET

    NEW YORK-- A strong warning from the World Bank that growth in Asia may slow further dragged the price of oil Monday to its lowest close in two months. _ Benchmark crude fell 55 cents to close at $89.33 in New York. On the ICE Futures Exchange in London:.

  • 2 Sprint fiber optic cuts grounded Alaska Airlines Monday, 8 Oct 2012 | 3:41 PM ET

    SEATTLE-- The computer problem that has cut off Alaska Airlines' ability to put passengers on planes was caused by a combination of two fiber optic cuts in the Sprint system.

  • Illustrated Ke$ha memoir coming in November Monday, 8 Oct 2012 | 3:37 PM ET

    NEW YORK-- Music is not the only way for Ke$ ha to tell a story. It's scheduled to come out Nov. 20, shortly before her new album, "Warrior." According to Touchstone, an imprint of Simon& Schuster, the book will feature Ke$ ha's "thoughts and reflections" and pictures spanning from her childhood to her recent tour.

  • *Obama: 'Today we celebrate Cesar Chavez' Monday, 8 Oct 2012 | 3:36 PM ET
  • FACT CHECK: A one-sided story on trade, defense Monday, 8 Oct 2012 | 3:35 PM ET

    WASHINGTON-- Mitt Romney solely blamed President Barack Obama on Monday for potential defense cuts that Republicans in Congress worked out with the White House and Democrats and left the misimpression that Obama has ignored free trade initiatives.

  • Wanna sell a cookbook? Become a popular QVC host Monday, 8 Oct 2012 | 3:34 PM ET

    WEST CHESTER, Pa.-- It's a Sunday afternoon, and David Venable is in his element: on the air, in one of the kitchens at the QVC home shopping network, chatting a mile a minute about bakeware on his popular show, "In the Kitchen with David."

  • Ads preaching tolerance going up in NYC subway Monday, 8 Oct 2012 | 3:30 PM ET

    NEW YORK-- Advertisements preaching religious tolerance and an end to bigotry are going up in Manhattan subway stations. A court decision forced the Metropolitan Transportation Authority to accept ads implying that enemies of Israel are "savages" and urging subway riders to "support the civilized man" and "Defeat Jihad."

  • Pilots approve contract with American Eagle Monday, 8 Oct 2012 | 3:25 PM ET

    FORT WORTH, Texas-- Pilots for American Eagle have approved a new labor contract with the company, which provides regional flights for American Airlines. Eagle and American Airlines are owned by AMR Corp. All three filed for bankruptcy protection in November.

  • Special master: Mortgage crisis a 'Gordian knot' Monday, 8 Oct 2012 | 3:24 PM ET

    PPROVIDENCE, R.I.-- A former bank executive working to hasten a resolution to hundreds of foreclosure disputes in Rhode Island's federal courts calls the mortgage crisis a "Gordian knot" and says debt forgiveness needs to be part of the solution.

  • 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.