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  • CBO tallies 2012 deficit at $1.1T Friday, 5 Oct 2012 | 1:31 PM ET

    WASHINGTON-- A new estimate puts the deficit for the just-completed 2012 budget year at $1.1 trillion, the fourth straight year of trillion dollar deficits on President Barack Obama's watch.

  • Report: Va. poultry an $8 billion industry Friday, 5 Oct 2012 | 1:30 PM ET

    RICHMOND, Va.-- Virginia's poultry industry provides nearly 14,000 jobs and has an economic impact totaling more than $8 billion, according to a study released Friday. The report found that the poultry and egg industries in Virginia provide 13,480 direct jobs and indirectly contribute to a total of 41,710 jobs.

  • Parker Hannifin to buy Velcon Filters Friday, 5 Oct 2012 | 1:27 PM ET

    CLEVELAND-- Parker Hannifin Corp. said Friday that it is buying Velcon Filters LLC from a private equity firm for an undisclosed price. Velcon, based in Colorado Springs, Colo., is owned by The Sterling Group LP and has approximately 300 employees globally.

  • Hitachi subsidiary to bring jobs to Colorado Friday, 5 Oct 2012 | 1:25 PM ET

    DENVER-- A subsidiary of Hitachi Ltd. will open a research and development center in suburban Denver in a move expected to create hundreds of new jobs during the next five years, it was announced Friday.

  • NXP Semi inadvertently re-releases Sept. guidance Friday, 5 Oct 2012 | 1:17 PM ET

    NEW YORK-- Dutch chip maker NXP Semiconductors on Friday inadvertently re-released a statement narrowing its third-quarter adjusted earnings and revenue forecasts. The company originally said on Sept. 13 that it anticipates adjusted earnings between 53 cents and 59 cents per share. Its prior guidance, issued July 24, was for 50 cents to 62 cents per share.

  • Dismissal of Neb. securities fraud lawsuit upheld Friday, 5 Oct 2012 | 1:09 PM ET

    OMAHA, Neb.-- The Nebraska Supreme Court on Friday upheld the dismissal of a lawsuit brought by an Omaha man convicted of investment fraud against his former business attorney. On Friday, the Nebraska Supreme Court agreed and upheld the dismissal.

  • Tessera board gives CEO incentive for spin-off Friday, 5 Oct 2012 | 1:04 PM ET

    SAN JOSE, Calif.-- Tessera Technologies Inc., which licenses miniaturization technology for electronic devices, says that it will give its CEO options to buy 550,000 shares of its stock if the company successfully spins off one of its business segments.

  • Seized Argentine ship remains in Ghana Friday, 5 Oct 2012 | 1:01 PM ET

    TEMA, Ghana-- Ghanaian officials on Friday refused to release an Argentine naval ship that was seized in the West African nation due to a complaint by a U.S. hedge fund. Officials of the Ghana Ports and Harbors Authority told The Associated Press they will release the ship only after they receive a court order.

  • Court urges change in Florida workers comp law Friday, 5 Oct 2012 | 11:56 AM ET

    TALLAHASSEE, Fla.-- An appellate court is urging the Florida Legislature to reconsider a state law that makes injured employees pay employers' legal costs if they lose good faith workers compensation appeals. A three-judge panel of the 1st District Court of Appeal in Tallahassee made that recommendation Friday in upholding such an order.

  • US unemployment falls to 7.8 pct., a 44-month low Friday, 5 Oct 2012 | 11:53 AM ET

    WASHINGTON-- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.

  • New Hampshire notes popcorn recall Friday, 5 Oct 2012 | 11:53 AM ET

    CONCORD, N.H.-- The New Hampshire Department of Health says it's not aware of any illnesses in the state associated with the recall of ready-to-eat bags of select flavors of popcorn. Manufacturer Dale and Thomas Popcorn is voluntarily recalling select flavors of Popcorn, Indiana- brand products because of possible Listeria contamination.

  • Hertz extends offer for Dollar Thrifty shares Friday, 5 Oct 2012 | 11:48 AM ET

    Park Ridge, N.J.- based Hertz is in the process of acquiring Tulsa, Okla.- based Dollar Thrifty Automotive Group Inc. for $87.50 per share, or about $2.3 billion. The offer, which was previously set to expire on Friday, will now expire on Oct. 22, Hertz said. Hertz shares fell 2 cents to $14.54 in midday trading Friday.

  • Key revenue measure stops climbing at Southwest Friday, 5 Oct 2012 | 11:47 AM ET

    DALLAS-- Southwest Airlines Co. was left at the gate when other airline stocks rose strongly on Friday morning after the company gave a weak report on September traffic and revenue trends. THE SPARK: Southwest, which also operates AirTran Airways, said September traffic dropped by 2.1 percent and a key revenue measure fell by 2 to 3 percent.

  • Angry birds attack French tax on entrepreneurs Friday, 5 Oct 2012 | 11:46 AM ET

    A group of entrepreneurs calling themselves "pigeons" _ French slang for someone who has been taken advantage of _ have mounted a campaign on Facebook and Twitter against a new law that will tax investments along the same lines as salaries _ on a sliding scale _meaning they would have to pay a lot more.

  • Salmonella confirmed in peanut butter plant Friday, 5 Oct 2012 | 11:44 AM ET

    WASHINGTON-- Salmonella has been found in a New Mexico plant that produces nut butters for retailer Trader Joe's and several other large national grocery chains, the Food and Drug Administration said Friday.

  • Obama: Jobs report shows economy is on right track Friday, 5 Oct 2012 | 11:42 AM ET

    FAIRFAX, Va.-- President Barack Obama says an encouraging jobs report shows that the country has made too much progress to turn back to the policies that he says led the nation into an economic crisis. At a campaign event in suburban Washington, Obama said the report was "a reminder that this country has come too far to turn back now."

  • Primero shares jump on positive Mexico tax ruling Friday, 5 Oct 2012 | 11:40 AM ET

    NEW YORK-- U.S. shares of Primero Mining Corp. surged more than 30 percent Friday after the company got a favorable tax ruling from Mexican authorities.

  • Kansas court upholds limits on damages in lawsuits Friday, 5 Oct 2012 | 11:33 AM ET

    TOPEKA, Kan.-- Kansas will continue to limit compensation for pain and suffering to $250,000 in personal injury lawsuits following a state Supreme Court ruling Friday in the case of a woman whose doctor removed the wrong ovary from her in 2002..

  • Dutch judge rules against Shell in Greenpeace suit Friday, 5 Oct 2012 | 11:27 AM ET

    AMSTERDAM-- A Dutch court has rejected a lawsuit filed by Royal Dutch Shell PLC against Greenpeace International seeking to ban environmentalists from holding protests against the oil company's Arctic drilling program on or near Shell property.

  • Obama takes a second crack at Romney tax plan Friday, 5 Oct 2012 | 11:25 AM ET

    AIRING: This ad by the Obama campaign is airing in the closely contested states of Colorado, Florida, Iowa, New Hampshire, Nevada, Ohio and Virginia. SCRIPT: Republican nominee Mitt Romney said in the first presidential debate that he's "not in favor of a $5 trillion tax cut. It cuts to an image of NBC News reporter Andrea Mitchell citing the Tax Policy Center report.