FINDLAY, Ohio-- A pipeline subsidiary of Marathon Petroleum Corp. rose in its stock market debut after raising $380.6 million in an initial public offering of its units. MPLX LP sold 17.3 million units at $22 each, above the expected range of $19 to $21, which suggested strong demand for the company.
DEFIANCE, Ohio-- Mitt Romney is trying to close the deal with voters by focusing on their economic concerns, an area where polling shows the Republican nominee has an edge heading into the final days of the campaign.
GREENVILLE, S.C.-- John McCain's presidential bid won South Carolina by 9 percentage points four years ago. Yet, this year's GOP vice presidential nominee, Paul Ryan, is campaigning in these reliably Republican states _ to pick up cash more than extra votes.
ST. PETERSBURG, Fla.-- Drivers listening to adult contemporary radio along Interstate 4 in central Florida are hearing ads like this: " President Obama raised taxes on Florida's small businesses, and his defense cuts will weaken our military and put thousands more Florida families out of work.
WASHINGTON-- The pre- Halloween hybrid weather monster that federal forecasters call "Frankenstorm" is looking more ominous by the hour for the East Coast, and utilities and local governments are getting ready. The stage is set as Hurricane Sandy, having blown through Haiti and Cuba, continues to barrel north.
MAUMEE, Ohio-- Auto parts maker Dana Holding Corp. said Friday that its third-quarter net income sank by more than half, hurt by soft demand from North American commercial vehicle makers and South America.
DETROIT-- Shares of Goodyear Tire& Rubber Co. fell more than 10 percent on Friday as the company's third-quarter net income and revenue dropped on lower tire sales in Europe. The Akron, Ohio, company's results fell short of Wall Street's expectations as problems in Europe offset cost cuts and profits in North America.
United Bank's parent company says it earned $19.3 million, or 38 cents per share, in the quarter ending Sept. 30. The 2012 results include an accrual of $3.3 million pertaining to a settlement of claims stemming from class actions against United Bank Inc. of West Virginia, and a noncash, pretax impairment charge of $2.3 million on investment securities.
BOSTON-- Shares of property insurers fell more sharply than the broader market on Friday as investors weighed the potential for heavy damages from Hurricane Sandy, which was heading north from Haiti and Cuba toward the East Coast.
WASHINGTON-- All the spare parts appear to be coming together to create what forecasters are calling "Frankenstorm," a monster combination of high wind, heavy rain, extreme tides and maybe snow that could cause havoc along the East Coast just before Halloween next week. Hurricane Sandy, having blown through Haiti and Cuba on Thursday, continues to barrel north.
AUSTIN, Texas-- American Campus Communities Inc. said Thursday that it will buy 19 student housing properties across the country from Kanye Anderson Capital Advisors LP in a deal worth roughly $862.8 million. American Campus Communities, based in Austin, Texas, is a real estate investment trust with a portfolio of 169 properties across the country.
HARTFORD, Conn.-- United Technologies Corp. said Thursday that it has made a deal to sell the pump and engine control systems units that it got as part of its purchase of Goodrich.
CANTON, Ohio-- The Timken Co. said Thursday its third-quarter net income fell 27 percent, hurt by an industrywide slowdown in demand in Asia and Europe. The Canton Ohio- based maker of transmissions and bearings cut its full year earnings and revenue outlook because of lower demand.
NEW YORK-- In a story Oct. 23 about the boom in U.S. oil production, The Associated Press misidentified the year and amount of peak U.S. oil output. US could soon overtake Saudi Arabia as world's biggest oil producer; output is booming. NEW YORK _ U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.
The Sherwin-Williams Co. and PPG Architectural Finishes Inc. agreed to settlements requiring them to stop claiming that certain kinds of their interior paints contain "zero" volatile organic compounds, the FTC said.
PITTSBURGH-- The wheeling and dealing over the natural gas-rich Marcellus Shale has hit the pause button. PwC said low natural gas prices were the main factor, not the output or potential of the vast shale gas formation that lies under parts of Pennsylvania, West Virginia, New York, Ohio and Maryland.
PARMA, Ohio-- GrafTech International Ltd. said Thursday that third-quarter profit and revenue fell. GrafTech sells products used in steelmaking and other industries.
California: Up 26,935, due to layoffs in all sectors, particularly the service industry. Florida: Up 3,947, due to layoffs in agriculture, construction, manufacturing, retail and services. Ohio: Up 1,936, due to layoffs in transportation and manufacturing.
RICHMOND, Va.-- Dominion Resources says its third-quarter net income tumbled nearly 47 percent because of costs related to the permanent shutdown of one of its nuclear power stations and plant outages.
CINCINNATI-- Procter& Gamble said Thursday that its fiscal first quarter net income fell 7 percent, as costs related to restructuring and the stronger dollar weighed on results. But the world's largest consumer products maker's adjusted results beat expectations on Wall Street, as it cut costs, made market share gains and commodity costs eased.