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  • BioSante will merge with ANI Pharma in stock deal Thursday, 4 Oct 2012 | 12:17 AM ET

    NEW YORK-- BioSante Pharmaceuticals Inc. said Thursday it will merge with ANI Pharmaceuticals in an all-stock deal worth about $94 million. BioSante valued the deal at $93 million to $95 million based on its current share price, according to a company spokesman.

  • 'Frankenweenie' joins reanimation of stop-motion Thursday, 4 Oct 2012 | 12:17 AM ET

    LOS ANGELES-- As far as Tim Burton's concerned, you can't keep a good dog down. And you can't keep a good, old-fashioned form of animation down, either.

  • Krispy Kreme signs franchise agreement in Asia Thursday, 4 Oct 2012 | 12:12 AM ET

    WINSTON-SALEM, N.C.-- Krispy Kreme Doughnut Corp. said Thursday that it has reached an agreement with an Asian retail operator to develop 15 franchised stores in Singapore over the next five years. The doughnut chain is working with Star360 Group to develop the stores.

  • 2 NYC auction houses to sell Warhol works in Nov. Thursday, 4 Oct 2012 | 12:07 AM ET

    NEW YORK-- Christie's will inaugurate its long-term partnership with the Andy Warhol Foundation to sell its collection with a daylong sale next month. It includes a Polacolor print of Liza Minelli estimated to sell for $15,000- $20,000. There's also a screenprint of Vladimir Lenin with a pre-sale estimate of $40,000- $60,000.

  • More Ala. counties eligible for hurricane aid Thursday, 4 Oct 2012 | 12:06 AM ET

    Robert Bentley said in a statement Thursday that the Federal Emergency Management Agency has approved the request. Bentley had sent a letter to FEMA saying the five counties-- Covington, Dallas, Geneva, Monroe and Perry-- suffered $2.5 million in damage. Baldwin, Mobile and Pickens counties had previously been approved for aid.

  • Judge moves federal cruise case to SC Thursday, 4 Oct 2012 | 12:04 AM ET

    CHARLESTON, S.C.-- A federal judge has transferred a court challenge to South Carolina's planned $35 million cruise terminal to Charleston from Washington, D.C., ruling the controversy is largely a local issue.

  • Asia stocks up on mildly positive US data Wednesday, 3 Oct 2012 | 10:48 PM ET

    Some investors remained cautious due to events in Spain. Spain is under pressure to ask for financial assistance from the European Central Bank to keep a lid on its borrowing costs but the government has been reluctant to do so because it may come with conditions on its budget.

  • Alaska gas line project could cost $65B or more Wednesday, 3 Oct 2012 | 10:25 PM ET

    JUNEAU, Alaska-- A liquefied natural gas project in Alaska could cost more than $65 billion and would represent a mega-project of "unprecedented scale and challenge," officials behind the project told Gov.

  • About the issue: Taxes Wednesday, 3 Oct 2012 | 9:12 PM ET

    Almost every U.S. taxpayer faces a significant increase unless Congress and the White House agree on a plan to extend a huge collection of tax cuts expiring at the end of the year. There's disagreement over whether to extend them for all or to let taxes rise for some part of the wealthiest Americans, such as individuals making more than $200,000 per year.

  • About the issue: China Wednesday, 3 Oct 2012 | 9:10 PM ET

    The United States accuses China of flouting trade rules and undervaluing its currency to helps its exporters. Many U.S. companies outsource production to China. One study estimated that between 2001 and 2010, 2.8 million U.S. jobs were lost or displaced to China.

  • News Summary: HP's outlook disillusions investors Wednesday, 3 Oct 2012 | 9:08 PM ET

    MORE TROUBLE AHEAD: Hewlett-Packard Co. CEO Meg Whitman told analysts Wednesday that things are going to get worse before they get better at the ailing Silicon Valley pioneer.

  • Low-cost flying arrives in luxury-loving Japan Wednesday, 3 Oct 2012 | 8:45 PM ET

    NARITA, Japan-- Japan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. Ticket prices are plunging by about half, to 16,000 yen trips to the southwestern resort island of Okinawa or a 5,000 yen hop to Seoul.

  • Police seize more than 600 barrels of maple syrup Wednesday, 3 Oct 2012 | 8:44 PM ET

    KEDJWICK, New Brunswick-- Police in Canada have seized more than 600 barrels of maple syrup in New Brunswick as part of an investigation into the theft of millions worth of syrup in Quebec and are transporting it back to Quebec under police protection, officials said Wednesday.

  • Shell starts exploratory drilling in Beaufort Sea Wednesday, 3 Oct 2012 | 8:38 PM ET

    ANCHORAGE, Alaska-- Shell Oil says it has begun exploratory drilling in the Beaufort Sea off Alaska's north coast as it continues to drill in the neighboring Chukchi Sea. Shell Alaska spokesman Curtis Smith says Beaufort drilling started Wednesday after the end of an Alaska Native whale hunt.

  • Fla. gov. says state needs more water from Georgia Wednesday, 3 Oct 2012 | 8:21 PM ET

    EASTPOINT, Fla.-- Florida's oyster industry appears near collapse and needs help to survive, including getting more fresh water into Apalachicola Bay from Georgia, Gov. Rick Scott said Wednesday in pledging to try to help.

  • Fla. gov. trying to save dying oyster industry Wednesday, 3 Oct 2012 | 7:40 PM ET

    Rick Scott says the state's oyster industry appears near collapse and needs help to survive. He says that includes getting more fresh water coming into Apalachicola Bay from Georgia. Florida has battled for years over the amount of water coming downstream from Georgia.

  • Hershey vows to use only certified cocoa by 2020 Wednesday, 3 Oct 2012 | 7:10 PM ET

    PHILADELPHIA-- Candy maker Hershey is vowing to use only certified cocoa for all of its chocolate products by 2020 and accelerate programs to help eliminate child labor in the cocoa-producing regions of West Africa.

  • California wades into national labor debate Wednesday, 3 Oct 2012 | 6:59 PM ET

    The battle over Proposition 32 on the November ballot follows conflicts in Wisconsin, Ohio, Indiana and elsewhere where efforts to dilute the strength of organized labor have produced political tumult, a flood of TV ads and widespread demonstrations.

  • Ocwen to buy Homeward Residential for $750 million Wednesday, 3 Oct 2012 | 6:27 PM ET

    ATLANTA-- Loan servicing company Ocwen Financial Corp. said Wednesday that it is buying Homeward Residential Holdings Inc. in a $750 million deal. Ocwen is buying the loan servicing company from private equity firm WL Ross& Co. LLC for $588 million in cash and $162 in Ocwen convertible preferred stock.

  • 3M ends $550M bid for Avery Dennison office unit Wednesday, 3 Oct 2012 | 6:19 PM ET

    NEW YORK-- 3 M Co. is ending its effort to buy Avery Dennison Corp.' s office and consumer products business, which would have given the company a huge portion of the U.S. labels market to go with its Post-It sticky notes business. 3 M agreed to buy the business in January for $550 million.