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  • What unemployment-rate conspiracists were saying Friday, 5 Oct 2012 | 5:55 PM ET

    Former General Electric CEO Jack Welch set off a wave of conspiracy theories Friday by tweeting, "Unbelievable jobs numbers.. these Chicago guys will do anything.. can't debate so change numbers." "Chicago" refers to President Barack Obama's campaign headquarters. " _ "If there's anyone who knows about slashing American jobs, it's Jack Welsh.

  • Exxon hit with new lawsuit over Yellowstone spill Friday, 5 Oct 2012 | 5:47 PM ET

    BOZEMAN, Mont.-- More than a dozen eastern Montana landowners filed a lawsuit Friday against Exxon Mobil Corp. claiming the company ignored warnings before a pipeline break that spilled an estimated 1,500 barrels of crude oil into the Yellowstone River. Exxon Mobil spokesman Patrick Henretty said the company had not received the lawsuit.

  • Calif man accused of stealing from wine lockers Friday, 5 Oct 2012 | 5:47 PM ET

    SANTA ANA, Calif.-- The operator of a California business where the public can store wine bottles has been charged with stealing nearly $3 million in vintage wines from clients' storage lockers. Osumi's arraignment in Orange County Superior Court was postponed from Friday until Nov. 2.

  • Jobs report brings down debate high in Romney camp Friday, 5 Oct 2012 | 5:46 PM ET

    ABINGDON, Va.-- The cheering stopped on Mitt Romney's campaign plane Friday morning. The day before, aides had whistled and clapped when the Denver control tower commended the Republican presidential nominee's debate performance.

  • How the government compiles the jobs report Friday, 5 Oct 2012 | 5:45 PM ET

    The unemployment rate's sharp fall in September, reported a month before the election, led some Republicans to question whether the numbers had been manipulated to benefit President Barack Obama. They noted that the report is prepared under tight security with no White House input or supervision.

  • AIG announces amended 4-year, $4B credit facility Friday, 5 Oct 2012 | 5:45 PM ET

    NEW YORK-- Insurance giant American International Group Inc. said Friday it has agreed on terms of an amended four-year, $4 billion credit facility. Thirty-four banks took part in the facility, with units J.P. Morgan Securities and Citigroup Global Markets acting as leads.

  • Moody's lowers some ratings on Spanish banks Friday, 5 Oct 2012 | 5:42 PM ET

    Spain's banks and government are struggling as the country suffers through its second recession in three years and its overall unemployment rate is at nearly 25 percent.

  • Bond memorabilia goes under hammer in London Friday, 5 Oct 2012 | 5:42 PM ET

    LONDON-- James Bond lovers have spent thousands of pounds for pieces of memorabilia from the spy movies at a London auction. Among the items under the hammer Friday in London was the complete works of Ian Fleming, Bond's creator. A navy, wool Tom Ford suit worn by Daniel Craig in the new Skyfall film due out on Oct. 26 sold for 46,850 pounds.

  • Movers roundup: Glu Mobile, Medicines Co. Friday, 5 Oct 2012 | 5:41 PM ET

    Among the stock activity stories for Friday, Oct. 5, from AP Business News:. _ Shares of Glu Mobile Inc. sold off after Zynga Inc., another online games developer, slashed its guidance. But one analyst says Glu should benefit from Zynga's problem: Gamers' shift from computers to phones.

  • Movers roundup: Informatica, Sunesis Friday, 5 Oct 2012 | 5:38 PM ET

    Among the stock activity stories for Friday, Oct. 5, from AP Business News:. _ Shares of business software maker Informatica Corp. made a small rebound after losing more than 20 percent of their value a day earlier following the company's disappointing third-quarter forecast.

  • Problems found at peanut butter plant in 2010 Friday, 5 Oct 2012 | 5:37 PM ET

    The FDA said Friday that a recent inspection found salmonella in the plant which produced Trader Joe's Valencia Creamy Peanut Butter and many other nut butters and nut products for several large national grocery chains. FDA has found problems at Sunland before.

  • Schmitt Industries promotes Fitzhenry to CEO Friday, 5 Oct 2012 | 5:32 PM ET

    PORTLAND, Ore.-- Schmitt Industries Inc. said Friday that President James Fitzhenry will replace Wayne Case as CEO. Fitzhenry, 57, has been president of the company since June 2009. It reported $14.4 million in revenue in its most recent fiscal year.

  • News Summary: Commodities prices fall broadly Friday, 5 Oct 2012 | 5:29 PM ET

    Crude oil gave up $1.83 to $89.88 per barrel on the New York Mercantile Exchange. Gold for December delivery gave up $15.70 to $1,780.80 an ounce. COFFEE CREAMED: Coffee prices slumped 4 percent, giving up 6.95 cents to settle at $1.6810 per pound.

  • W&T closes purchase of Newfield's Gulf properties Friday, 5 Oct 2012 | 5:27 PM ET

    NEW YORK-- Oil and gas producer Newfield Exploration Co. said Friday that it completed the sale of its Gulf of Mexico exploration and production properties to W&T Offshore Inc.. Newfield shares rose 18 cents to close at $30.54. W&T Offshore fell 34 cents to close at $18.87.

  • Campbell gave new CEO $7.4 million pay package Friday, 5 Oct 2012 | 5:18 PM ET

    NEW YORK-- Campbell Soup CEO Denise Morrison, who is looking to revive the company's fortunes, was given a pay package worth $7.4 million for her first year on the job.

  • US unemployment below 8 pct, first time since 2009 Friday, 5 Oct 2012 | 5:17 PM ET

    WASHINGTON-- The U.S. unemployment rate dropped below 8 percent for the first time since the month President Barack Obama took office, a surprising lift for both the economy and his re-election hopes in the final weeks of the campaign. It fell because a government survey of households found that 873,000 more people had jobs, the biggest jump since January 2003.

  • Celadon says quarter will beat market expectations Friday, 5 Oct 2012 | 5:09 PM ET

    INDIANAPOLIS-- Celadon Group Inc. expects its fiscal first-quarter results will beat market expectations as a result of recent acquisitions and cost-control measures. Celadon expects to earn 34 to 36 cents per share for the quarter that ended Sept. 30.

  • News Summary: Madoff fraud's last days recounted Friday, 5 Oct 2012 | 5:03 PM ET

    FRAUD'S FINALE: A newly rewritten indictment this week has revealed details of the final days of Bernard Madoff's Ponzi scheme, which authorities say cost investors an estimated $17.3 billion.

  • Avon, VeriFone, VeriFone are market movers Friday, 5 Oct 2012 | 5:00 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Avon Products Inc., up $1.17 at $17.39. Constellation Brands Inc., up $1.48 at $36.20.

  • Brazil mining railway line resumes operations Friday, 5 Oct 2012 | 4:58 PM ET

    SAO PAULO-- Brazilian mining giant Vale says its iron ore transport operations have resumed, three days after protesting Indians blocked part of its railroad in northern Brazil.