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Top News & Analysis United States


  • By Robert Gibbons and Matthew Robinson. NEW YORK, Oct 9- Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East. He later told reporters that the OPEC powerhouse would prefer to see oil prices closer to $100 a barrel.

  • Encouraging ratings start for NBC in new season Tuesday, 9 Oct 2012 | 3:26 PM ET

    NEW YORK-- It may not qualify as a revolution, but after years of relentless bad news in the ratings, NBC has opened the new television season with some positive signs. Sunday night football leads the way, as is often the case for NBC. " While third in the ratings race last week, NBC won among viewers ages 18- to-49, the demographic where it concentrates its business.

  • GOP lawmakers seek removal of VA's chief of staff Tuesday, 9 Oct 2012 | 3:25 PM ET

    WASHINGTON-- Top Republican lawmakers have called on Veterans Affairs Secretary Eric Shinseki to fire his chief of staff for approving two training conferences that led to $762,000 in questionable spending.

  • Wade announces shoe deal with Li-Ning Tuesday, 9 Oct 2012 | 3:25 PM ET

    MIAMI-- Two-time NBA champion Dwyane Wade is signing with Chinese sportswear provider Li-Ning, which is giving the Miami Heat guard his own brand within the company along with plenty of creative and strategic input.

  • BNP Paribas names Jon Bass to run U.S. bond sales Tuesday, 9 Oct 2012 | 3:21 PM ET

    NEW YORK, Oct 9- BNP Paribas, making good on its chief executive's promise to expand outside of its troubled European base, has filled a long-vacant senior sales position in its fixed-income business in the United States.

  • Brent November crude rose $2.68, or 2.40 percent, to settle at $114.50 a barrel, having traded from $111.97 to $114.72.

  • High gas, diesel prices hurt Calif. farm industry Tuesday, 9 Oct 2012 | 3:19 PM ET

    FRESNO, Calif.-- Farmers in California's agricultural heartland say record-high gas and diesel prices are putting pressure on their bottom lines, but economists say it's unlikely that will translate into significantly higher food prices across the U.S.

  • SEOUL, Oct 9- North Korea has rockets that can hit the U.S. mainland, it said on Tuesday, two days after South Korea struck a deal with the United States to extend the range of its ballistic missiles.

  • NEW YORK, Oct 9- Securities industry watchdog FINRA is reviewing transactions in at least 10 U.S.-traded securities that saw sudden, big moves on Tuesday before resuming normal trading in the latest case of odd gyrations by stocks.

  • Gold down after another report shows weaker growth Tuesday, 9 Oct 2012 | 3:11 PM ET

    NEW YORK-- The price of gold fell more than $10 an ounce Tuesday after the International Monetary Fund cut its forecast for world economic growth. Gold for December delivery fell $10.70 an ounce to close at $1,765. December silver fell 3.2 cents per ounce to $33.985, and January platinum lost $3.50 to close at $1,695.30 per ounce.

  • NJ moves to combat unemployment benefit fraud Tuesday, 9 Oct 2012 | 3:06 PM ET

    TRENTON, N.J.-- New Jersey state labor officials have taken another step to combat the theft of unemployment benefits. Officials say anti-fraud efforts over the last 18 months have saved New Jersey $153 million.

  • Alcoa, Aluminum Bahrain reach $85M settlement Tuesday, 9 Oct 2012 | 3:06 PM ET

    NEW YORK-- Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain- controlled company overpaying for raw materials. Alcoa agreed to pay $85 million in cash to Aluminum Bahrain BSC, or Alba, without admitting liability.

  • Jury being picked in teen Craigslist killings case Tuesday, 9 Oct 2012 | 3:06 PM ET

    AKRON, Ohio-- Jury selection began Tuesday in the murder trial of a teenager who was befriended by a self-styled chaplain accused in a deadly scheme to lure victims with phony Craigslist job offers. He and his co-defendant, Richard Beasley, 53, of Akron, have pleaded not guilty.

  • Century Aluminum rejects W.Va. power proposal Tuesday, 9 Oct 2012 | 3:05 PM ET

    CHARLESTON, W.Va.-- Century Aluminum Co. is rejecting a proposal meant to aid the restart of its West Virginia smelter. The California- based metals producer announced Tuesday that the electricity rate offer from the state Public Service Commission falls short.

  • *Growth, Greece worries stoke safety bids for bonds. NEW YORK, Oct 9- U.S. The International Monetary Fund, one of Greece's main lenders, said in a report on Tuesday that Athens would miss the five-year debt reduction target that is a condition for the country's 130 billion euro bailout.

  • NEW YORK, Oct 9- Weekly U.S. sales of short-term U.S. The Treasury sold $32 billion in three-month bills at a high rate of 0.100 percent, awarding 72.35 percent of the bids at the high.

  • Civil war leaves Syrian economy, cities in ruins Tuesday, 9 Oct 2012 | 2:58 PM ET

    BEIRUT-- In Syria's cities and towns, entire blocks of apartment buildings have been shattered, their top floors reduced to pancaked slabs of concrete. Although there are some pockets of Syria that have been relatively shielded from the conflict, the destruction in most of the country's major cities is staggering.

  • *UAE spoke last month of Iran's "occupation". DUBAI, Oct 9- Iran's Foreign Ministry spokesman said on Tuesday Tehran would consider downgrading ties with the United Arab Emirates over three disputed Gulf islands, but state television later denied the Islamic Republic was contemplating such a move.

  • Activists plan to sue Entergy over nuclear plant Tuesday, 9 Oct 2012 | 2:50 PM ET

    The three activists, represented by Ecolaw, notified the Environmental Protection Agency on Friday of their intent to sue the plant's owner, New Orleans- based Entergy Corp. They say the Plymouth plant damaged the local ecology by discharging chemical pollution and water heated far above allowed standards.

  • UPDATE 4-Daredevil's New Mexico skydive off for now Tuesday, 9 Oct 2012 | 2:48 PM ET

    Oct 9- An Austrian daredevil called off his death-defying skydive from a balloon 23 miles over the New Mexico desert on Tuesday because of winds at the launch site. Felix Baumgartner, a 43- year-old helicopter pilot, hot-air balloonist and professional skydiver, had been preparing to break a longstanding altitude record.