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  • Report finds LIRR crews waste time, money Thursday, 4 Oct 2012 | 10:48 AM ET

    NEW YORK-- A new report is highly critical of the Long Island Rail Road's work crew productivity. The Metropolitan Transportation Authority Inspector General Barry Kluger reviewed several recent construction projects and found that LIRR crews reported to work late, knocked off early and that a lack of oversight was widespread.

  • US factory orders fall on decline in aircraft Thursday, 4 Oct 2012 | 10:48 AM ET

    WASHINGTON-- Orders to U.S. factories fell in August from July, mostly because of a sharp drop in volatile aircraft orders. The decline offset an increase in orders that reflect corporate investment plans. The Commerce Department said Thursday that factory orders dropped 5.2 percent in August, the biggest decline in more than three years.

  • Mattress Firm says secondary stock offering priced Thursday, 4 Oct 2012 | 10:48 AM ET

    HOUSTON-- Mattress retailer Mattress Firm says a secondary public offering of about 4.7 million shares has priced at $29.85 apiece. Mattress Firm Holding Corp. said Thursday that it is not selling any shares in the offering. Shares of the Houston- based company, which went public in November 2011, gained $1.56, or 5.2 percent, to $31.74 in morning trading.

  • Three Mile Island begins testing new siren system Thursday, 4 Oct 2012 | 10:47 AM ET

    HARRISBURG, Pa.-- Officials at Exelon Corp.' s Three Mile Island nuclear facility in central Pennsylvania are beginning to test a new emergency siren system. Exelon says the sirens have improved sound and better battery backup to ensure they'll work during an electrical outage.

  • Nevada foreclosure review deadline now Dec. 31 Thursday, 4 Oct 2012 | 10:43 AM ET

    CARSON CITY, Nev.-- State Attorney General Catherine Cortez Masto says Nevada residents who lost their homes to foreclosure in 2009 or 2010 have until Dec. 31 to submit an application for possible compensation under the federal Independent Foreclosure Review program.

  • Superior Court judge OKs Conn. wind power farm Thursday, 4 Oct 2012 | 10:43 AM ET

    NEW BRITAIN, Conn.-- A New Britain Superior Court judge has backed Connecticut's first proposed wind farm. Judge Henry Cohn rejected opponents' claims that the six turbines proposed for Colebrook would unduly hurt the environment or harm neighbors.

  • *Analyst responses to ECB's monthly meeting Thursday, 4 Oct 2012 | 10:41 AM ET
  • Economists to provide views on Arizona economy Thursday, 4 Oct 2012 | 10:40 AM ET

    PHOENIX-- Public and private economists weigh in on the state of Arizona's economy on Thursday as legislative budget analysts evaluate Arizona's fiscal health. The economists serve on the Finance Advisory Committee. That group provides input to the Joint Legislative Budget Committee staff.

  • Kaplan adds new campus in Maine Thursday, 4 Oct 2012 | 10:38 AM ET

    AUGUSTA, Maine-- Kaplan University has opened a new campus in Augusta. It's Kaplan's third campus in Maine, joining other ones in South Portland and Lewiston. Kaplan University is based in Chicago and serves nearly 50,000 online and campus-based students.

  • Panel considers infrastructure funding requests Thursday, 4 Oct 2012 | 10:37 AM ET

    DOVER, Del.-- Bank of America Corp. is asking the state for up to $10 million in taxpayer money for infrastructure needs related to a processing center project in New Castle County, Del..

  • Newest Navy destroyer pays tribute to SEAL from NY Thursday, 4 Oct 2012 | 10:35 AM ET

    The USS Michael Murphy, a 510- foot destroyer, is being commissioned this weekend in New York City for a Long Island native and Navy lieutenant who became the first American awarded the Medal of Honor during the Afghanistan War when he was killed along with two fellow SEALs during an ambush in 2005. He was 29..

  • NY recognized for being an energy efficient state Thursday, 4 Oct 2012 | 10:35 AM ET

    ALBANY, N.Y.-- New York is being recognized for being an energy-efficient state. The American Council for an Energy-Efficient Economy rated New York No. 3 behind Massachusetts and California in its state-by-state scorecard for energy efficiency released Wednesday.

  • Primerica to buy back shares from Warburg Pincus Thursday, 4 Oct 2012 | 10:35 AM ET

    DULUTH, Ga.-- Life insurance company Primerica agreed to buy back approximately 2.1 million shares of its common stock from private equity firm Warburg Pincus for just over $60 million. Primerica Inc. said Thursday that it agreed to pay $28.74 per share for the stock, which was where it closed on Wednesday.

  • *Key quotes from ECB head Draghi's press briefing Thursday, 4 Oct 2012 | 10:28 AM ET
  • PSU holds line on football season tickets prices Thursday, 4 Oct 2012 | 10:28 AM ET

    STATE COLLEGE, Pa.-- Penn State won't increase football season ticket prices or current donation levels in 2013, and announced tweaks to guidelines including a lower, $200 level of giving for booster-club members.

  • Draghi nudges Spain to take up bond plan Thursday, 4 Oct 2012 | 10:27 AM ET

    FRANKFURT, Germany-- European Central Bank President Mario Draghi nudged Spain and its European partners to take up bank's offer of help with the country's high debt costs, reassuring Madrid that the conditions for getting the assistance "don't need to be punitive."

  • BASF cuts 400 jobs at building chemicals unit Thursday, 4 Oct 2012 | 10:26 AM ET

    BERLIN-- Germany's BASF SE says it plans to cut about 400 jobs at its construction chemicals business as it adjusts to a slump in building in parts of Europe. BASF said Thursday that it aims to offer the affected employees jobs elsewhere in the company "wherever possible."

  • Curt Schilling might have to sell bloody sock Thursday, 4 Oct 2012 | 10:25 AM ET

    PROVIDENCE, R.I.-- Former Boston Red Sox pitcher Curt Schilling might have to sell or give up the famed blood-stained sock he wore on the team's way to the 2004 World Series championship to cover millions of dollars in loans he guaranteed to his failed video game company.

  • India approves new round of economic reforms Thursday, 4 Oct 2012 | 10:25 AM ET

    NEW DELHI-- India's finance minister says the Cabinet has endorsed higher levels of foreign investment in insurance and pension funds as part of a second wave of economic reforms in less than a month. Finance Minister Palaniappan Chidambaram said Thursday the government also approved changes to laws governing competition and company structures.

  • *Reliance Steel closes deal for GH Metal, no terms Thursday, 4 Oct 2012 | 10:23 AM ET