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  • TX-based co. drills exploratory well in NY shale Thursday, 11 Oct 2012 | 8:59 AM ET

    OWEGO, N.Y.-- A Texas company has begun drilling a vertical well to explore the potential of the Marcellus Shale natural gas formation, joining about a dozen others probing the potentially lucrative rock beneath New York's southern tier. Carizzo Oil& Gas of Houston recently started digging its first well north of the Tioga County village of Owego.

  • ND tribe to get control of land for oil refinery Thursday, 11 Oct 2012 | 8:58 AM ET

    NEW TOWN, N.D.-- North Dakota's Three Affiliated Tribes will be getting control of land for construction of a proposed new oil refinery, U.S. Salazar's decision, announced during a news conference at the tribe's headquarters in New Town, means the tribe may begin construction of the $400 million refinery next spring, tribal Chairman Tex Hall said.

  • Tax break meant to spur new refinery construction Thursday, 11 Oct 2012 | 8:51 AM ET

    BISMARCK, N.D.-- A tax break for oil that's processed in North Dakota would help make new refineries profitable and would pay for itself though increased economic growth, a developer told state lawmakers Wednesday.

  • Blair upgrades Williams-Sonoma as shares hit highs Thursday, 11 Oct 2012 | 8:51 AM ET

    NEW YORK-- Williams-Sonoma's potential for international expansion could position the company for solid sales growth in the near and long term, William Blair as it raised its rating on the upscale home goods company.

  • LMI Aerospace expanding in St. Charles, Mo. Thursday, 11 Oct 2012 | 8:49 AM ET

    ST. CHARLES, Mo.-- An aerospace manufacturer plans a $4.3 million expansion of its suburban St. Louis facilities that could add about 100 new jobs. Jay Nixon's administration said Wednesday that LMI Aerospace is adding nearly 49,000 square feet to its headquarters and manufacturing facilities in St. Charles. LMI Aerospace fabricates metal products for aircraft.

  • US jobless claims fall to 339K, fewest in 4 1/2 years Thursday, 11 Oct 2012 | 8:48 AM ET

    WASHINGTON-- The number of Americans seeking unemployment aid plummeted last week to seasonally adjusted 339,000, the lowest level in more than four years. The Labor Department said Thursday that weekly applications fell by 30,000 to the fewest since February 2008.

  • Man gets 23 years over California-based scam Thursday, 11 Oct 2012 | 8:47 AM ET

    DALLAS-- A federal judge in Texas has sentenced a man to 23 years in prison and ordered him to pay $13 million in restitution over an investment scam he ran out of his home in California. Federal prosecutors said Wednesday that 37- year-old Bradley Stark, formerly of Riverside, Calif., was sentenced on seven counts of wire fraud and one count of securities fraud.

  • New arts commission criticized for not using funds Thursday, 11 Oct 2012 | 8:45 AM ET

    TOPEKA, Kan.-- Some state lawmakers are criticizing the new Kansas Creative Arts Industries Commission for not disbursing funds to local arts groups. Lawmakers authorized $700,000 for the commission, to replace arts funding that had been vetoed earlier by Gov.

  • Challenge to use of mortgage settlement rejected Thursday, 11 Oct 2012 | 8:45 AM ET

    PHOENIX-- A lawyer for housing advocates say they'll probably appeal a judge's rejection of a challenge to Arizona's use $50 million from a multistate foreclosure settlement to help balance the state budget.

  • Kansas home sales, values forecast higher in 2013 Thursday, 11 Oct 2012 | 8:37 AM ET

    WICHITA, Kan.-- Kansas home sales rebounded this year and are forecast to rise another 6.3 percent in 2013 as the economy improves and pent-up demand brings buyers back into the housing market, economic researchers at Wichita State University said Thursday.

  • US trade deficit rose to $44.2 billion in August Thursday, 11 Oct 2012 | 8:35 AM ET

    WASHINGTON-- The U.S. trade deficit widened in August from July because exports fell to the lowest level in six months. The deficit grew 4.1 percent to $44.2 billion in August, the biggest gap since May, the Commerce Department said Thursday. Exports dropped 1 percent to $181.3 billion.

  • Fewest Americans since Feb. 2008 seek jobless aid Thursday, 11 Oct 2012 | 8:35 AM ET

    WASHINGTON-- The number of Americans seeking unemployment aid plummeted to 339,000 last week, the lowest level in more than four years. The Labor Department says weekly applications fell by 30,000 to the lowest level since February 2008.

  • Alaska Airlines inks deal for 50 new Boeing 737s Thursday, 11 Oct 2012 | 8:26 AM ET

    NEW YORK-- Alaska Airlines is buying 50 of Boeing Co.' s new 737 s in a deal worth $5 billion at sticker prices. Alaska, operated by Seattle's Alaska Air Group Inc., won't pay full price. The order includes 37 of Boeing's redesigned 737, which it calls the Max.

  • US futures rebound for the first time this week Thursday, 11 Oct 2012 | 8:23 AM ET

    NEW YORK-- Stock futures rebounded strongly Thursday on better-than-expected employment numbers that will likely provide some optimism to millions of U.S. job seekers. The number of Americans seeking unemployment aid plummeted last week to seasonally adjusted 339,000, the Labor Department said.

  • Europe's outlook darkens as German growth fades Thursday, 11 Oct 2012 | 8:18 AM ET

    BERLIN-- Europe's economic outlook darkened further Thursday when top economists slashed their growth forecasts for Germany and warned that public support for more financial aid to struggling countries was evaporating.

  • Review: 'Dishonored' serves revenge up stealthily Thursday, 11 Oct 2012 | 8:12 AM ET

    Midway through "Dishonored" I killed someone. I didn't intend to; he spotted me as I was trying to sneak past, and I had to shut him up. "Dishonored" is set in Dunwall, a city with a passing resemblance to London during the Industrial Revolution.

  • Ahead of the Bell: Kellogg Thursday, 11 Oct 2012 | 8:01 AM ET

    NEW YORK-- Kellogg's voluntary recall of certain packages of its Mini-Wheats Bite Size cereal may hurt its sales a bit, an analyst said Thursday. On Wednesday, Kellogg Co. announced that it was making the recall because of the possible presence of a flexible metal mesh from a faulty manufacturing part.

  • Japan vows aid for Myanmar, urges debt resolution Thursday, 11 Oct 2012 | 8:00 AM ET

    Japan's finance minister Koriki Jojima told finance chiefs and central bank governors of the Group of Seven industrialized nations on Thursday that Japan will extend new Japanese yen loans and as earlier agreed with Myanmar will move ahead next year with clearing its sizable outstanding debt to Tokyo.

  • Wendy's pigtails get first touch-up since 1983 Thursday, 11 Oct 2012 | 8:00 AM ET

    NEW YORK-- Wendy's pigtails are getting a tweak. It's only the fifth logo update since founder Dave Thomas opened the first Wendy's in 1969, and perhaps the most significant. Wendy's push has intensified since Brolick came on as CEO about a year ago.

  • Spanish bailout dilemma sharpens Thursday, 11 Oct 2012 | 7:45 AM ET

    Though S&P's warning may nudge the Spanish government to make a bailout request sooner rather than later, rival agency Moody's has indicated it may cut its rating for Spain in the event of a bailout request. "It would appear that when it comes to the rating Spain is a bit between a rock and a hard place," said Gary Jenkins, managing director of Swordfish Research.