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  • News Summary: Lawsuit says buyout firms colluded Thursday, 11 Oct 2012 | 4:42 PM ET

    THE CHARGE: Executives at some of the country's largest private equity firms reportedly told each other they wouldn't drive up prices for companies they were looking to buy, according to new court documents.

  • News Summary: Market flatlines on jobs, Europe Thursday, 11 Oct 2012 | 4:39 PM ET

    THE JOBS REPORT: The Labor Department reported that weekly unemployment claims fell to their lowest level since February 2008. Sprint Nextel said that a Japanese cell phone company, Softbank Corp., is in talks to invest in the company. Truck company Oshkosh Corp. rose after activist investor Carl Icahn offered to buy the company.

  • Sprint, Safeway, Oshkosh are market movers Thursday, 11 Oct 2012 | 4:37 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Sprint Nextel Corp., up 72 cents at $5.76. Safeway Inc., down 58 cents at $15.71.

  • Fla. man accused of returning used enemas Thursday, 11 Oct 2012 | 4:36 PM ET

    JACKSONVILLE, Fla.-- Prosecutors say a Florida man resealed and returned used enemas to pharmacies who resold them to unsuspecting customers. Thirty-four-year-old Ronald Eugene Robinson, of Jacksonville, faces federal charges of tampering with consumer products. There were two phone listings for a Ronald E. Robinson in Jacksonville.

  • Market flatlines, pulled by jobless claims, Europe Thursday, 11 Oct 2012 | 4:30 PM ET

    The Dow Jones industrial average rose as much as 83 points, shrugging off a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. "There's not a lot to move the market today," said Erik Davidson, deputy chief investment officer of Wells Fargo Private Bank in San Francisco. "

  • Caterpillar says 2 group presidents retiring Thursday, 11 Oct 2012 | 4:26 PM ET

    PEORIA, Ill.-- Caterpillar said on Thursday that long-time executives Rich Lavin and Gerard Vittecoq are retiring, and the heavy-equipment maker named their replacements. Lavin was Caterpillar's group president for Construction Industries and Growth Markets.

  • Moody's lifts Harman credit out of junk status Thursday, 11 Oct 2012 | 4:23 PM ET

    STAMFORD, Conn.-- Moody's Investors Service on Thursday upgraded the credit rating for audio gear maker Harman International Industries Inc. to investment grade and out of junk status, saying that recent refinancing of its debt gives it more flexibility. Moody's assigned "Baa3" ratings to a $750 million unsecured line of credit and a $300 million unsecured loan.

  • Boston Marathon fills up, more slowly this time Thursday, 11 Oct 2012 | 4:06 PM ET

    BOSTON-- The Boston Marathon is full. The Boston Athletic Association said Thursday that registration for the 2013 race has closed. Other runners still have a chance to participate as part of a charity program that has raised more than $150 million in the past 25 years.

  • Stocks finish flat after good news on jobs Thursday, 11 Oct 2012 | 4:05 PM ET

    NEW YORK-- Stocks are ending the day close to break-even despite some good news on jobs. The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years. Economists also look at the four-week average, and that hit a six-month low.

  • Minnesota projected to harvest record corn crop Thursday, 11 Oct 2012 | 4:02 PM ET

    MINNEAPOLIS-- Despite the drought that parched much of the rest of the country, 2012 is shaping up as a pleasant surprise for many Minnesota farmers who are expected to harvest record corn and sugarbeet crops. "It went better than we thought it would _ by a long ways _ that's for sure," southwestern Minnesota corn and soybean farmer Scott Johnson said with a laugh.

  • Conn. gov. says raises hurt board's credibility Thursday, 11 Oct 2012 | 4:01 PM ET

    HARTFORD, Conn.-- Outrage over unauthorized pay raises for Connecticut education staff members deepened Thursday with the state House Republican leader calling for the Board of Regents president to step down and the Democratic governor saying credibility must be restored "as quickly as possible."

  • American Airlines stumbles on path to recovery Thursday, 11 Oct 2012 | 3:57 PM ET

    DALLAS-- Just weeks ago, American Airlines was working its way through bankruptcy court, on schedule for one of the fastest turnarounds in aviation history. Then seemingly overnight, American became the butt of jokes from Facebook to late-night TV. "American Airlines has a new slogan," Jay Leno joked on NBC's "The Tonight Show."

  • Ind. State Fair cancels paid concerts for 2013 Thursday, 11 Oct 2012 | 3:55 PM ET

    INDIANAPOLIS-- The Indiana State Fair is canceling paid concerts at next year's fair after shows moved to downtown Indianapolis following a deadly 2011 stage rigging collapse failed to attract big crowds during August's fair.

  • San Bruno blast victims press for open hearings Thursday, 11 Oct 2012 | 3:54 PM ET

    SAN FRANCISCO-- Victims of the deadly San Bruno gas pipeline blast urged California regulators Thursday to continue public hearings that will determine the amount of fines levied against Pacific Gas& Electric Co, the pipeline's owner.

  • Sector Snap: Orthopedic device makers Thursday, 11 Oct 2012 | 3:54 PM ET

    NEW YORK-- Shares of orthopedic implant makers mostly traded higher Thursday, but analysts said industry bellwether Biomet's earnings are cause for concern.

  • IPO market shows signs of life with 4 big gains Thursday, 11 Oct 2012 | 3:52 PM ET

    All of the companies _ Realogy, the owner of realty firms Century 21, Coldwell Banker and Corcoran Group; online stock photo provider Shutterstock; Kythera, a developer of shots to treat double chins; and Intercept Pharmaceuticals, which develops drugs for liver diseases _ garnered strong demand from investors.

  • News Summary: Corn jumps on small harvest estimate Thursday, 11 Oct 2012 | 3:48 PM ET

    POPPING CORN: Corn jumped 5 percent after the government predicted that the U.S. harvest will produce about 10.7 billion bushels, which would be the smallest in six years. SUPPLY QUESTIONS: Oil rose on questions about whether supplies from the Middle East could be disrupted by tensions between Turkey and Syria.

  • Corn soars on estimate of small harvest Thursday, 11 Oct 2012 | 3:47 PM ET

    Corn for December delivery rose 36.5 cents to finish at $7.7325 per bushel. The U.S. Agriculture Department predicted that the corn harvest would total about 10.7 billion bushels, which would be the smallest since 2006. The yield was forecast at an average of 122 bushels per acre, which would be the lowest since 1995..

  • *Stocks flat after encouraging jobs news Thursday, 11 Oct 2012 | 3:46 PM ET
  • News Summary: US unemployment claims fall to 339K Thursday, 11 Oct 2012 | 3:44 PM ET

    APPLICATIONS TUMBLE: The number of Americans seeking unemployment aid plummeted last week to a seasonally adjusted 339,000. It was the lowest level in more than four years. VOLATILE WEEK: A Labor Department spokesman cautioned that weekly applications can be volatile at the start of the quarter and one large state accounted for much of the decline.