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  • Praise and shock: EU Nobel Peace Prize reactions Friday, 12 Oct 2012 | 6:22 AM ET

    Some reaction to the European Union being awarded the Nobel Peace Prize on Friday:. "The stabilizing part played by the European Union has helped to transform a once-torn Europe from a continent of war to a continent of peace" _ Nobel committee chairman Thorbjoern Jagland.

  • Crisis-ridden EU wins Nobel Peace Prize Friday, 12 Oct 2012 | 6:16 AM ET

    OSLO, Norway-- The European Union won the Nobel Peace Prize on Friday for promoting peace and democracy in Europe _ an honor that came as 27- nation bloc was struggling with its biggest crisis since it was created in the 1950 s.

  • US jobs relief wears off in markets Friday, 12 Oct 2012 | 6:11 AM ET

    LONDON-- Stocks drifted lower Friday after big gains the day, when U.S. jobs figures came in stronger than expected, and as investors awaited earnings from major banks, starting with JP Morgan Chase& Co..

  • Court orders arrest of Kingfisher Airlines boss Friday, 12 Oct 2012 | 6:05 AM ET

    MUMBAI, India-- An Indian court Friday ordered the arrest of the highflying owner of Kingfisher Airlines for bouncing checks, adding to the beleaguered airline's woes as its struggles to resume flights that have been grounded since the start of the month.

  • Decade after attack, tears for dead, hope for Bali Friday, 12 Oct 2012 | 5:50 AM ET

    BALI, Indonesia-- A decade after bombs ripped through two Bali nightclubs, Friday was filled with reminders of what was lost in this tropical paradise, and what was not.

  • World stocks mixed after US joblessness drops Friday, 12 Oct 2012 | 5:18 AM ET

    Weekly applications for unemployment aid fell to their lowest since February 2008, the U.S. government said Thursday. "I think you need to wait for a few months to see more figures to confirm the jobs recovery in the U.S.," said Francis Lun, managing director of Lyncean Holdings in Hong Kong. Britain's FTSE 10 dropped 0.2 percent to 5,815.68.

  • Eastern Europe gives Volkswagen a sales boost Friday, 12 Oct 2012 | 5:08 AM ET

    BERLIN-- Strong sales in Eastern Europe helped Volkswagen AG post a 6.5 percent increase in September sales over the same month last year, despite difficulties caused by the European financial crisis. Volkswagen said Friday it sold 801,000 vehicles in September, against 751,900 in September 2011.

  • Kingfisher flights in doubt as online sales halted Friday, 12 Oct 2012 | 5:02 AM ET

    MUMBAI, India-- India's Kingfisher Airlines has stopped selling tickets on its website through Oct. 20, casting doubt on its promise to end a two week shutdown Friday. Kingfisher, once one of India's best airlines, grounded flights on Oct. 1.

  • Kingfisher likely to halt flights through Oct. 20 Friday, 12 Oct 2012 | 4:37 AM ET

    MUMBAI, India-- India's Kingfisher Airlines is unlikely to end its two week shutdown Friday, as planned. Kingfisher, once one of India's best airlines, grounded flights on October 1.

  • US: Hackers in Iran responsible for cyberattacks Friday, 12 Oct 2012 | 3:22 AM ET

    Just hours later, Defense Secretary Leon Panetta said the cyberthreat from Iran has grown, and he declared that the Pentagon is prepared to take action if American is threatened by a computer-based assault.

  • Cyprus president seeks union backing on austerity Friday, 12 Oct 2012 | 3:19 AM ET

    NICOSIA, Cyprus-- Cyprus' president appealed to trade unions on Friday to rally behind tough austerity measures that the government wants to negotiate with potential creditors in return for a multibillion euro bailout loan to prop up the country's ailing banks and economy.

  • India industrial output rose 2.7 percent in August Friday, 12 Oct 2012 | 2:08 AM ET

    MUMBAI, India-- Industrial production in India rose 2.7 percent in August, more than expected on a rebound in mining activity, though investment still appears weak. Madhavi Arora, an economist at Kotak Mahindra Bank, said there is still little growth momentum in India's economy.

  • Oil prices rise after US jobless claims fall Friday, 12 Oct 2012 | 1:19 AM ET

    By early afternoon in Europe, benchmark oil for November delivery was up 21 cents to $92.28 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 82 cents to close at $92.07 per barrel in New York on Thursday.

  • Asia stocks mixed after US joblessness drops Friday, 12 Oct 2012 | 1:14 AM ET

    Weekly applications for unemployment aid fell to their lowest since February 2008, the U.S. government said Thursday. "I think you need to wait for a few months to see more figures to confirm the jobs recovery in the U.S.," said Francis Lun, managing director of Lyncean Holdings in Hong Kong.

  • IGate profit beats in 3Q, revenue falls short Friday, 12 Oct 2012 | 12:56 AM ET

    FREMONT, Calif.-- IGate beat third-quarter profit beat market expectations on better margins, but the information technology company said Friday that delays in contract renewals has slowed revenue growth. Shares of IGate Corp. fell 17 cents to $17.65 by midday, in line with broader market trends.

  • US stocks fall, headed for weekly decline Friday, 12 Oct 2012 | 12:56 AM ET

    Bank and energy stocks led the way lower after investors had a mixed reaction to earnings reports from JPMorgan Chase and Wells Fargo. Investors haven't had much to get excited about, with mixed results this week from U.S. companies including Alcoa, Safeway and Yum Brands. The S&P 500 is up more than 11 percent since June 1.

  • Analyst downgrades Lilly shares to 'underperform' Friday, 12 Oct 2012 | 12:55 AM ET

    Eli Lilly and Co. shares now trade at a premium compared to other pharmaceutical stocks despite modest growth prospects, according to a Cowen and Co. analyst who lowered his rating on the drug developer.

  • Markets slip after bank earnings reports Friday, 12 Oct 2012 | 12:35 AM ET

    LONDON-- Financial markets slipped on Friday, as disappointing earnings from Wells Fargo bank offset brighter figures from JP Morgan Chase& Co. and a strong U.S. consumer confidence survey. But revenue gains reported by Wells Fargo were below investors' expectations, pushing stock markets back down by the time European exchanges closed.

  • Accuray CEO resigns, replaced by healthcare exec Friday, 12 Oct 2012 | 12:30 AM ET

    SUNNYVALE, Calif.-- Radiation therapy system maker Accuray said Friday that healthcare executive Joshua Levine will be its new CEO, replacing Euan Thomson, its head for the past decade. Thomson had been Accuray's president and CEO since 2002. He also resigned from its board of directors. Accuray said that Thomson will likely consult for the company.

  • Sears' Hometown spinoff edges lower in debut Friday, 12 Oct 2012 | 12:25 AM ET

    NEW YORK-- Shares of Sears Holdings Corp.' s spinoff of its Hometown and Outlet Stores are declining on its debut trading day. The Hoffman Estates, Ill., company, which runs Kmart and Sears stores, had signaled in February that it would split off Sears Hometown and Outlet Stores Inc. as a separate publicly traded entity.