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  • French lawmakers approve European fiscal treaty Tuesday, 9 Oct 2012 | 12:54 AM ET

    PARIS-- President Francois Hollande said that France can better contribute to reversing Europe's embattled fortunes after the National Assembly voted overwhelmingly Tuesday to ratify a European fiscal treaty that would impose harsher penalties for countries that overspend. "This ample majority will give France an ability to have its extra voice heard.

  • Oil price soars on supply jitters Tuesday, 9 Oct 2012 | 12:48 AM ET

    NEW YORK-- The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. Benchmark crude gained $3.06, or 3.4 percent, to finish at $92.39 a barrel in New York. There is also concern that tensions between Turkey and Syria could escalate and disrupt supplies from the Middle East.

  • Fears about global economy push dollar higher Tuesday, 9 Oct 2012 | 12:35 AM ET

    In its latest forecast, the International Monetary Fund says that the global economy is weakening and will grow more slowly in the next year. The euro fell to $1.2878 in afternoon trading from $1.2967 late Monday. The dollar rose to 0.9395 Swiss franc from 0.9330 Swiss franc and to 97.84 Canadian cents from 97.66 Canadian cents.

  • News Summary: Business travel growth slowing Tuesday, 9 Oct 2012 | 12:34 AM ET

    TRAVEL IN DOUBT: U.S. companies are expected to cut back further on employee travel this year amid uncertainty surrounding the health of the economy.

  • RadioShack shares soar on "Buy" rating Tuesday, 9 Oct 2012 | 12:33 AM ET

    NEW YORK-- Shares of RadioShack Corp. jumped nearly 9 percent Tuesday after a Wall Street analyst boosted her rating for the electronics retailer's stock to "Buy," saying that most of the risks surrounding the shares have already been factored into their price.

  • Matrixx Initiatives raises ProPhase buyout offer Tuesday, 9 Oct 2012 | 12:30 AM ET

    SKILLMAN, N.J.-- Matrixx Initiatives boosted its offer for Cold-EEZE maker ProPhase Labs to approximately $23.7 million. ProPhase Labs Inc. currently has about 14.8 million outstanding shares, according to FactSet.

  • Wolverine completes Collective Brands deal Tuesday, 9 Oct 2012 | 12:29 AM ET

    ROCKFORD, Mich.-- Wolverine Worldwide Inc. and two private investment firms said Tuesday that they have completed their roughly $2 billion acquisition of the Collective Brands Inc., which owns the Payless ShoeSource retail chain and the Sperry Top-Sider, Saucony, Stride Rite and Keds shoe brands.

  • GM names new chief of Cadillac brand Tuesday, 9 Oct 2012 | 12:24 AM ET

    DETROIT-- General Motors has picked its top Washington lobbyist to lead the Cadillac brand worldwide. The company named Robert Ferguson on Tuesday to the new position of vice president of global Cadillac. Ferguson's lobbying duties will be assumed by Vice President of Communications Selim Bingol, who also will keep his current post in Detroit.

  • Questcor Pharma rises following upgrade Tuesday, 9 Oct 2012 | 12:23 AM ET

    NEW YORK-- Shares of Questcor Pharmaceuticals Inc., which had lost 60 percent of their value in the last four weeks, recovered some lost ground Tuesday after a Jefferies& Co. analyst upgraded the stock. Amin raised his rating to "Buy" from "Hold" and increased his price target to $28 per share from $24.

  • Wal-Mart tests same-day delivery for holidays Tuesday, 9 Oct 2012 | 12:21 AM ET

    NEW YORK-- Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season. Wal-Mart's tests started this month in northern Virginia and Philadelphia. Wal-Mart plans to test the service in San Francisco and San Jose, Calif., later this month or in early November.

  • Analyst downgrades Johnson & Johnson to "sell" Tuesday, 9 Oct 2012 | 12:00 AM ET

    NEW YORK-- Goldman Sachs downgraded Johnson& Johnson, saying Tuesday that the current share price has captured all the potential for improved growth. However, Goldman analyst Jami Rubin wrote that Johnson& Johnson comes up short in the two areas she sees as likely to boost stock prices, new prescription drugs and capital allocation.

  • Asia stocks up despite global growth warnings Monday, 8 Oct 2012 | 10:54 PM ET

    Stock markets gains in Asia came despite the International Monetary Fund cutting its forecast for global economic growth, just a day after the World Bank issued a warning about a slackening expansion in Asia. "Asia has grown nearly 32 in the four years since Lehman Brothers collapsed," analysts at DBS Bank Ltd. in Singapore said in a market commentary. "

  • California settles over end-of-life policies Monday, 8 Oct 2012 | 9:50 PM ET

    SACRAMENTO, Calif.-- California officials have reached a $25 million settlement with a company that sells end-of-life policies through funeral planners, state Controller John Chiang announced Monday.

  • Alaska Airlines: Operations returning to normal Monday, 8 Oct 2012 | 9:30 PM ET

    SEATTLE-- Alaska Airlines said flights were running close to normal late Monday after a fiber-optic outage shut down its ticketing system for more than four hours, causing the airline and its regional carrier to cancel 78 flights, affecting nearly 7,000 customers. The problems were caused by two severed fiber-optic lines in Sprint's network.

  • Judge suspends hearings into Calif. pipeline blast Monday, 8 Oct 2012 | 8:43 PM ET

    The California Public Utilities Commission has been holding public hearings over the Sept. 9, 2010, blast that killed eight people, injured others and destroyed dozens of homes in the bedroom community of San Bruno. Democratic Assemblyman Jerry Hill of San Mateo and San Bruno Mayor Jim Ruane urged the judge to continue open hearings.

  • IMF offers bleak assessment of stalled recovery Monday, 8 Oct 2012 | 8:19 PM ET

    TOKYO-- Plagued by uncertainty and fresh setbacks, the world economy has weakened further and will grow more slowly over the next year, the International Monetary Fund says in its latest forecast. Conditions could worsen if the United States doesn't deal with its budget crisis soon, the IMF said.

  • Re-elected Chavez faces likely economic reckoning Monday, 8 Oct 2012 | 7:59 PM ET

    CARACAS, Venezuela-- During his re-election campaign, President Hugo Chavez promised to deepen the "21st century socialism" that has meant an ever-greater state role in the economy. Chavez faces immediate economic time bombs beginning with a rapidly expanding public debt, one of Latin America's highest inflation rates and a weakening currency.

  • Lengthy review possible at damaged Cal nuke plant Monday, 8 Oct 2012 | 7:52 PM ET

    SAN JUAN CAPISTRANO, Calif.-- Federal regulators disclosed Monday that the proposed restart of the long-shuttered San Onofre nuclear power plant in California could lead to an exhaustive review that might last months or even years.

  • *YouTube takes original programming venture abroad Monday, 8 Oct 2012 | 7:43 PM ET
  • NRC: Damaged Calif nuke plant may face long review Monday, 8 Oct 2012 | 7:12 PM ET

    SAN JUAN CAPISTRANO, Calif.-- Federal regulators say the proposed restart of the troubled San Onofre nuclear power plant in California could require a detailed review that might last months or even years.