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Top News & Analysis North America

  • NEW YORK-- A billionaire wine investor waited too long to file a lawsuit that claimed a New York auction house misrepresented a Bordeaux as belonging to Thomas Jefferson. A three-judge federal panel issued the ruling Thursday. It said William Koch missed the deadline when he filed the suit in 2005..

  • RICHMOND, Va.-- Twenty-two projects that will promote Virginia's specialty crops have received federal funding. The Department of Agriculture and Consumer Services says the $496,000 in grant money is for crops ranging from wine grapes to Christmas trees. The individual grants range from $5,000 to $30,000.

  • BUFFALO, N.Y.-- The Cuomo administration has announced a $3.3 million project that will enhance public access to a stretch of Buffalo, N.Y.' s Lake Erie shoreline.

  • DENVER-- Colorado's governor is hinting that he'll announce hundreds of new jobs in an economic development announcement Friday. John Hickenlooper planned a Denver event for the announcement.

  • PLYMOUTH, N.H.-- A utility that provides electricity to 83,000 customers in 115 New Hampshire communities is bracing for a possible strike by the union representing lineworkers and other jobs. The New Hampshire Electric Cooperative and the International Brotherhood of Electrical Workers local have been bargaining since April.

  • The BPU says the typical Public Service Electric and Gas customer will save $38 a year. The savings for Elizabethtown Gas customers will be $26. New Jersey Natural Gas customers can expect a nearly $15 savings and rates for South Jersey Gas customers will be nearly $7 lower.

  • ATLANTA-- Atlanta's public transit system has named a Texas transportation official as its new chief executive officer and general manager. Before that, he was the CEO of the Charlotte Area Transit System in North Carolina. Parker was selected after a nationwide search for a new CEO and general manager of the Metropolitan Atlanta Rapid Transit Authority.

  • CHICAGO-- Grain prices traded mixed Friday in early trading on the Chicago Board of Trade. Wheat for December delivery fell 1.75 cent to $8.6750 a bushel; December corn fell 7 cents to $7.50 a bushel; December oats were unchanged at $3.7075 a bushel; while November soybeans rose 4.50 cents to $15.56 a bushel.

  • SEATTLE-- Cell Therapeutics Inc. said Friday it plans to sell $60 million in preferred stock to raise money for the launch of its lymphoma drug Pixuvri and to fund studies of its drug pacritinib as a treatment for myelofibrosis. Cell Therapeutics said that it will sell preferred stock for $1,000 per share.

  • TORONTO, Oct 5- Toronto's main stock index rose to a two-week high on Friday as unexpectedly strong North American jobs data supported demand for riskier assets. In Canada, the economy added 52,100 jobs in September, more than five times the consensus figure analysts had expected, and bolstering the Bank of Canada's case for an eventual interest rate rise.

  • NEW YORK-- Shares of Fleetmatics jumped in their first day of trading on the New York Stock Exchange. The IPO priced at the high end of the $15 to $17 range Fleetmatics previously projected.

  • SAN DIEGO-- PriceSmart Inc. said Monday that a key revenue measurement grew 10 percent in September. The company has five warehouse clubs in Costa Rica, four in Panama, four in Trinidad, and others in Guatemala, the Dominican Republic, El Salvador, Honduras, Aruba, Barbados, Colombia, Jamaica, Nicaragua, and the U.S. Virgin Islands.

  • The Parasail Safety Council, which tracks injuries and deaths nationwide, reports more than 70 people have been killed and at least 1,600 injured between 1982 and 2012, out of an estimated 150 million parasail rides during those 30 years.

  • NEW YORK, Oct 5- A surprisingly sharp drop in U.S. unemployment helped President Barack Obama's odds of re-election regain half the ground lost in his debate with challenger Mitt Romney on Wednesday.

  • TORONTO-- Canada's economy turned in one of the strongest job creation months of the year in September, adding an eye-popping 52,100 new jobs, Statistics Canada said Friday.

  • OTTAWA, Oct 5- Final figures show that Canada's budget deficit for the 2011-12 fiscal year was C $26.2 billion, down from C $33.4 billion the previous year, Finance Minister Jim Flaherty said on Friday. Canada's deficit-to-GDP ratio is one of the lowest among major Western economies.

  • Oct 5- Fitch Ratings has affirmed Germany- based pharmaceuticals wholesaler Phoenix Pharmahandel GmbH& Co. KG's Long-term Issuer Default Rating and senior unsecured rating at' BB'.

  • JOPLIN, Mo.-- A southwestern Missouri architectural firm has received a $351,000 low-interest loan to help with an expansion. The Joplin firm expects to save about $26,000 over five years. The Missouri treasurer's office says the loan comes through the state's linked deposit program.

  • DALLAS-- Energy Transfer Partners LP said Friday that it completed its acquisition of Sunoco Inc. for about $5.5 billion, creating one of the more diverse pipeline companies in the country.

  • Dannel P. Malloy is unveiling his new energy strategy for Connecticut. Malloy is scheduled to be the keynote speaker at the Connecticut Business and Industry Association's 2012 Business Energy Conference on Friday.