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  • News Summary: UnitedHealth plans $4.9B acquisition Monday, 8 Oct 2012 | 1:12 PM ET

    THE DEAL: U.S. health insurer UnitedHealth Group Inc. will spend about $4.9 billion to buy a majority stake in Brazilian health benefits and care provider Amil Participacoes SA. THE TARGET: Amil Participacoes is Brazil's largest health insurer, with a network of providers that includes 3,300 hospitals and 44,000 doctors.

  • Targacept announces a new round of job cuts Monday, 8 Oct 2012 | 11:58 AM ET

    WINSTON-SALEM, N.C.-- Targacept Inc. said Monday it will eliminate 26 jobs, or 38 percent of its staff positions, as it tries to cut more costs after its second significant drug failure of the year.

  • Vringo spikes after filing patent suit against ZTE Monday, 8 Oct 2012 | 11:53 AM ET

    NEW YORK-- Shares of Vringo, which buys and licenses patents, jumped more than 16 percent in heavy trading Monday, after the company said it filed a patent infringement lawsuit against ZTE Corp.' s U.K. subsidiary.

  • Athens police plan crackdown ahead of Merkel visit Monday, 8 Oct 2012 | 11:47 AM ET

    ATHENS, Greece-- Greek police have increased security and are preparing to close down large sections of the capital Athens to contain protests against Germany's Chancellor, Angela Merkel, who is visiting the city Tuesday for talks with the country's Prime Minister Antonis Samaras.

  • Bourbon tourism: New visitors center at Jim Beam Monday, 8 Oct 2012 | 11:47 AM ET

    CLERMONT, Ky.-- Bourbon fan Tim Allen started his day of sightseeing by sipping whiskeys crafted at a Jim Beam distillery. Where else are pre-lunch nips more commonplace than in Kentucky bourbon country?

  • France's richest man to get honorary knighthood Monday, 8 Oct 2012 | 11:44 AM ET

    LONDON-- He's taken heat for talking about moving from France to Belgium to avoid high taxes _ and now he's raising eyebrows with an honor from the British Queen. Bernard Arnault, the luxury goods chief who is France's wealthiest man, is set to receive an honorary knighthood in Britain.

  • Optimer selling stake in Taiwan affiliate for $60M Monday, 8 Oct 2012 | 11:29 AM ET

    SAN DIEGO-- Optimer Pharmaceuticals Inc. said Monday it is selling its remaining stake in its Taiwanese affiliate Optimer Biotechnology for $60 million. Optimer Pharmaceuticals plans to use the proceeds from the sale to fund marketing of its drug Dificid and for other general corporate purposes.

  • Sector Snap: Gas price spike hits chemical makers Monday, 8 Oct 2012 | 11:28 AM ET

    Citi Research analyst P.J. Juvekar said that could lead to more U.S. natural gas being exported to Mexico. Natural gas futures fell 2 cents to $3.38 per 1,000 cubic feet in morning trading Monday. That could affect North American producers like CF Industries Holdings Inc. and Agrium Inc..

  • American Airlines: Key revenue number rises Monday, 8 Oct 2012 | 11:26 AM ET

    DALLAS-- American Airlines parent AMR Corp. said Monday that a key revenue measure rose 4 percent in September although traffic declined as the carrier struggled with widespread flight delays and cancellations. American's improvement in the revenue statistic beat the results of several other large U.S. airlines.

  • Denver brewery offering beer with a kick Monday, 8 Oct 2012 | 11:19 AM ET

    DENVER-- A Denver brewery is offering a new beer with a kick. The Wynkoop Brewing Co. on Monday will begin offering customers a Rocky Mountain Oyster Stout, but it doesn't contain shellfish. Rocky Mountain oysters are a delicate delicacy made from bull testicles.

  • Lockheed Martin reorganizing, cutting 200 jobs Monday, 8 Oct 2012 | 11:10 AM ET

    BETHESDA, Md.-- Lockheed Martin is reorganizing a portion of its business and cutting about 200 jobs. Lockheed Martin Corp. previously announced that Marillyn Hewson, who currently leads the electronic systems division, will become president and chief operating officer on Jan. 1. Kubasik will become the CEO of Lockheed Martin at the start of the new year.

  • AAA Mich.: Gas prices rise 3 cents from last week Monday, 8 Oct 2012 | 11:04 AM ET

    DEARBORN, Mich.-- AAA Michigan says gasoline prices have risen roughly 3 cents during the past week to a statewide average of about $3.91 per gallon. Of the Michigan cities it surveys, AAA Michigan said the cheapest price for self-serve unleaded fuel is in the Marquette area, where it's about $3.76 a gallon.

  • Maine gas prices drop slightly Monday, 8 Oct 2012 | 11:02 AM ET

    AUGUSTA, Maine-- There's a little good news at the pump for Maine motorists as the average retail price of a gallon of gasoline in the state has fallen more than two cents. Price-monitoring website MaineGasPrices.com reports Monday that gas dropped to $3.93 per gallon in Maine in the past week.

  • Emanuel plans to extend Chicago Riverwalk Monday, 8 Oct 2012 | 11:00 AM ET

    CHICAGO-- The city of Chicago has big plans for the walkway along the Chicago River. Emanuel calls the Chicago River the city's second shoreline. Emanuel says he's charged the Chicago Department of Transportation with finding creative ways to finance construction of the last six blocks of the walkway.

  • Ga. aims to curb crashes involving farm equipment Monday, 8 Oct 2012 | 10:58 AM ET

    ATLANTA-- After a spike in crashes involving farm equipment last year, Georgia agriculture and highway safety officials are continuing an effort aimed at reducing such wrecks.

  • New state site advises Nevada youth on job search Monday, 8 Oct 2012 | 10:50 AM ET

    CARSON CITY, Nev.-- Nevada has launched a new website to help empower the state's youth in their job searches. The site is available at http://www.NevadaYouth.org and includes tips on resumes, cover letters and interviews. Brian Sandoval says Nevada's future depends on preparing youth, and is encouraging parents and teens to explore the site's resources.

  • *NBT plans to buy Alliance, a Syracuse foothold Monday, 8 Oct 2012 | 10:47 AM ET
  • Ohio gas prices inch up slightly Monday, 8 Oct 2012 | 10:47 AM ET

    COLUMBUS, Ohio-- Gas prices have inched up just slightly this week in Ohio. The average price for a gallon of regular gas in the state was $3.76 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. This time last year, the Ohio average was $3.26.

  • Kan. agency considering rules for casino 'junkets' Monday, 8 Oct 2012 | 10:46 AM ET

    TOPEKA, Kan.-- Kansas regulators are considering whether they need new rules for providers of promotional tours to three state-owned casinos. The state Racing and Gaming Commission has scheduled a hearing Friday on the issue. The commission regulates the companies that operate casinos for the Kansas Lottery in Dodge City, Mulvane and Kansas City, Kan..

  • Ridership increases on Mo. passenger trains Monday, 8 Oct 2012 | 10:45 AM ET

    JEFFERSON CITY, Mo.-- Missouri transportation officials say ridership on Amtrak passenger trains in the state has grown by 74 percent over five years. The state transportation department says more than 192,000 passengers rode Amtrak in Missouri during the fiscal year that ended June 30. Amtrak trains make two round trips daily between Kansas City and St. Louis.