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  • Calpine buys Texas power plant for $432 million Thursday, 4 Oct 2012 | 9:48 AM ET

    HOUSTON-- Calpine Corp. said Thursday that it will buy a natural gas-fired power plant in Texas for about $432 million to boost its presence in a state where the supply of surplus power is shrinking. Calpine is buying the 800- megawatt plant near Laguna Park in central Texas from Bosque Power Co. LLC.

  • Stocks mostly higher on retail sales, labor report Thursday, 4 Oct 2012 | 9:42 AM ET

    NEW YORK-- Stocks are opening mostly higher on Wall Street following an encouraging report on the labor market and better sales from retail chains. The Dow Jones industrial average rose 35 points to 13,530 shortly after the opening bell Thursday.

  • Hurting Spain wakes up to Romney debate body blow Thursday, 4 Oct 2012 | 9:42 AM ET

    Romney said in his debate with President Barack Obama that he doesn't want the U.S. to turn into the equivalent of Spain _ which has unemployment of nearly 25 percent and a deep recession. Some Spaniards criticized him for singling out Spain.

  • Key sales figure up 4.4 percent at Nordstrom Thursday, 4 Oct 2012 | 9:41 AM ET

    SEATTLE-- Nordstrom Inc. said Thursday that sales in stores open at least one year rose 4.4 percent in September, slightly below analysts' expectations. Nordstrom said it was also competing against strong figures from September 2011 _ a 10.7 percent jump in same-store sales _ when the company offered free shipping and free returns for online purchases.

  • Stein Mart key revenue measure up 2.4 pct in Sept. Thursday, 4 Oct 2012 | 9:38 AM ET

    JACKSONVILLE, Fla.-- Discount retailer Stein Mart Inc. said on Thursday said that a key sales figure rose 2.4 percent in September, hurt in part by stores closing in the wake of Hurricane Isaac. Stein Mart operated 262 stores at the end of September, one more than it had a year earlier. Its shares rose 5 cents to $8.65 in morning trading.

  • Drought worsens in some key Midwest farming states Thursday, 4 Oct 2012 | 9:36 AM ET

    Conditions worsened, though, in Kansas and Iowa, the nation's biggest corn producer, and nearly 98 percent of Nebraska was still deemed to be in one of the two worst categories. According to the map, which is put out by the National Drought Mitigation Center at the University of Nebraska in Lincoln, 75 percent of Iowa is enduring extreme or exceptional drought.

  • TJX key revenue figure rose 6 pct in September Thursday, 4 Oct 2012 | 9:34 AM ET

    FRAMINGHAM, Mass.-- The owner of the TJ Maxx and Marshalls clothing store chains said Thursday that revenue in shops open at least a year rose 6 percent in September, beating Wall Street predictions. Analysts polled by Thomson Reuters expected an increase of 4.5 percent for TJX Cos.

  • Ill. powerbroker to be sentenced in shakedown plot Thursday, 4 Oct 2012 | 9:31 AM ET

    CHICAGO-- The final case to stem from the corruption investigation into imprisoned former Illinois Gov. William Cellini, 77, was convicted last year for his role in trying to get a $1.5 million campaign contribution for Blagojevich from the Oscar-winning producer of "Million Dollar Baby" in exchange for state business.

  • Devout Israeli Jews moving to Arab-Jewish cities Thursday, 4 Oct 2012 | 9:30 AM ET

    ACRE, Israel-- Orthodox Jewish Israelis, the driving force of the West Bank settlement movement, have begun to turn their attention inward to Israel itself, moving into Arab areas of mixed cities in an attempt to cement the Jewish presence there.

  • Hungary slot-machine ban bucks regional trend Thursday, 4 Oct 2012 | 9:30 AM ET

    Whatever the case, Hungary's decision to ban the ubiquitous slot machines seen in pubs, bars and parlors across the country goes against a gambling boom seen elsewhere in Eastern Europe, even as economic times get tougher.

  • Many watch debate; some are pleased, few are moved Thursday, 4 Oct 2012 | 9:29 AM ET

    "A guy like Romney should excite me," said Becker, 30, a Republican who manages real estate investments in Fairfield, a charming shoreline town on Connecticut's affluent "gold coast." That was before the 90- minute head-to-head matchup between Romney and President Barack Obama in Denver, their first of three debates before Election Day.

  • American Apparel September sales figure rises Thursday, 4 Oct 2012 | 9:28 AM ET

    LOS ANGELES-- Clothing maker American Apparel Inc. said Thursday a key sales figure rose 15 percent in September, helped by online sales and fewer discounts.

  • Ex-Philippine president arrested in plunder case Thursday, 4 Oct 2012 | 9:27 AM ET

    MANILA, Philippines-- Police arrested former Philippine President Gloria Macapagal Arroyo on Thursday and temporarily detained her in a hospital on corruption charges, in her third indictment and second detention since stepping down two years ago.

  • Chicago teachers vote to approve 3-year contract Thursday, 4 Oct 2012 | 9:26 AM ET

    CHICAGO-- Members of the Chicago Teachers Union overwhelmingly have approved a new three-year contract that includes pay increases and a new evaluation system, union officials announced late Wednesday.

  • *Immigration, '47 percent' absent in first debate Thursday, 4 Oct 2012 | 9:25 AM ET
  • *Mexico to destroy 2006, 2012 election ballots Thursday, 4 Oct 2012 | 9:24 AM ET
  • Report: Deutsche Bank drops unethical traders Thursday, 4 Oct 2012 | 9:23 AM ET

    FRANKFURT, Germany-- German media report that Deutsche Bank AG has put at least five of its traders on indefinite leave as part of an effort to restore the company's ethical credibility. Deutsche Bank declined to comment on the report Thursday, citing ongoing legal proceedings.

  • Clothing retailer Cato says Sept. sales down 4 pct Thursday, 4 Oct 2012 | 9:22 AM ET

    CHARLOTTE, N.C.-- Cato Corp., a women's clothing store, said on Thursday that a key measure of September revenue fell 4 percent, and it said its third-quarter earnings will be at the low end of its guidance.

  • FACT CHECK: Presidential debate missteps Thursday, 4 Oct 2012 | 9:22 AM ET

    WASHINGTON-- President Barack Obama and Republican rival Mitt Romney spun one-sided stories in their first presidential debate, not necessarily bogus, but not the whole truth.

  • Urban relishes peacemaker role on 'Idol' Thursday, 4 Oct 2012 | 9:21 AM ET

    NEW YORK-- "American Idol" season 12 tapings are just getting under way and Keith Urban has already become more than just a judge: he's also the pacifier on the newly-minted panel. "We're all passionate people and we're learning a new dance and we're all a work in progress," said Urban Wednesday at the New York Film Festival gala honoring his wife, Nicole Kidman.