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Top News & Analysis United States


  • NEW YORK, Oct 5- HollyFrontier Corp said on Friday it had returned its 70,300- barrels-per-day Tulsa East refinery in Oklahoma to normal rates after the company completed repairs on a diesel hydrotreater damaged by an August fire. HollyFrontier had said on Aug. 8 that repairs would take six to eight weeks.

  • Dismissal of Neb. securities fraud lawsuit upheld Friday, 5 Oct 2012 | 1:09 PM ET

    OMAHA, Neb.-- The Nebraska Supreme Court on Friday upheld the dismissal of a lawsuit brought by an Omaha man convicted of investment fraud against his former business attorney. On Friday, the Nebraska Supreme Court agreed and upheld the dismissal.

  • LONDON, Oct 5- Asian spot prices of liquefied natural gas lost more ground this week as weaker import demand across key winter delivery periods forced some producers to sell distressed cargoes at knockdown prices.

  • Tessera board gives CEO incentive for spin-off Friday, 5 Oct 2012 | 1:04 PM ET

    SAN JOSE, Calif.-- Tessera Technologies Inc., which licenses miniaturization technology for electronic devices, says that it will give its CEO options to buy 550,000 shares of its stock if the company successfully spins off one of its business segments.

  • WASHINGTON, Oct 5- The U.S. housing bust has saddled the country with an "extraordinary" level of abandoned properties, inflicting heavy costs on the wider community which may warrant government aid to ease the problem, a top U.S. central banker said on Friday.

  • CORRECTED-Dave & Buster's withdraws IPO (Oct 5) Friday, 5 Oct 2012 | 1:03 PM ET

    Nutritional supplements seller ViSalus Inc and semiconductor company Cortina Systems Inc also withdrew their IPOs last month. Dave& Buster's owns and operates stores that combine dining and entertainment, providing a casual dining menu with a range of entertainment options. Dave& Buster's is majority backed by Oak Hill Capital Partners.

  • Seized Argentine ship remains in Ghana Friday, 5 Oct 2012 | 1:01 PM ET

    TEMA, Ghana-- Ghanaian officials on Friday refused to release an Argentine naval ship that was seized in the West African nation due to a complaint by a U.S. hedge fund. Officials of the Ghana Ports and Harbors Authority told The Associated Press they will release the ship only after they receive a court order.

  • TEXT-S&P rates Corner Investment Propco LLC Friday, 5 Oct 2012 | 11:59 AM ET

    --Las Vegas- based gaming operator Caesars Entertainment Corp. announced plans to finance a redevelopment of Bill's Gamblin' Hall& Saloon on the Las Vegas Strip through an indirect wholly owned subsidiary. The company is an indirect wholly owned subsidiary of Las Vegas- based Caesars Entertainment Corp..

  • SAN FRANCISCO, Oct 5- California gas prices rose 17 cents a gallon overnight due to supply disruptions at some refineries and seasonally low inventories, bringing the one-week increase in the Golden State to nearly 36 cents. The average retail price of gasoline was $4.486 on Friday morning, up from $4.315 on Thursday and $4.131 a week ago, according to AAA data.

  • Court urges change in Florida workers comp law Friday, 5 Oct 2012 | 11:56 AM ET

    TALLAHASSEE, Fla.-- An appellate court is urging the Florida Legislature to reconsider a state law that makes injured employees pay employers' legal costs if they lose good faith workers compensation appeals. A three-judge panel of the 1st District Court of Appeal in Tallahassee made that recommendation Friday in upholding such an order.

  • US unemployment falls to 7.8 pct., a 44-month low Friday, 5 Oct 2012 | 11:53 AM ET

    WASHINGTON-- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.

  • New Hampshire notes popcorn recall Friday, 5 Oct 2012 | 11:53 AM ET

    CONCORD, N.H.-- The New Hampshire Department of Health says it's not aware of any illnesses in the state associated with the recall of ready-to-eat bags of select flavors of popcorn. Manufacturer Dale and Thomas Popcorn is voluntarily recalling select flavors of Popcorn, Indiana- brand products because of possible Listeria contamination.

  • NEW YORK, Oct 5- U.S. crude futures extended losses to more than $2 on Friday, as did Brent oil briefly, with a fragile global economy and Europe's debt crisis countering any support from a better-than-expected U.S. U.S. crude was down $2.42 at $89.29 a barrel by 11:45 a.m. EDT, having swung from $89.15 to $91.71.

  • UPDATE 1-Opel "vital" for GM in Europe Friday, 5 Oct 2012 | 11:51 AM ET

    *GM says Opel not for sale despite Fiat's reported interest. *Opel executive says aims to source more parts from PSA, not GM. Earlier on Friday, Italian daily Il Sole-24 Ore said in an unsourced report that Fiat SpA Chief Executive Sergio Marchionne was ready to buy Opel if GM's alliance with Peugeot dissolves.

  • Hertz extends offer for Dollar Thrifty shares Friday, 5 Oct 2012 | 11:48 AM ET

    Park Ridge, N.J.- based Hertz is in the process of acquiring Tulsa, Okla.- based Dollar Thrifty Automotive Group Inc. for $87.50 per share, or about $2.3 billion. The offer, which was previously set to expire on Friday, will now expire on Oct. 22, Hertz said. Hertz shares fell 2 cents to $14.54 in midday trading Friday.

  • PARIS/ FRANKFURT, Oct 5- Talks over a European supermerger between EADS and BAE Systems reached a political crunch point on Friday as Britain, France and Germany attempted to narrow differences on a $45 billion proposal to create the world's largest aerospace and arms group. Time is running out before a UK deadline of Oct. 10 for a deal.

  • Key revenue measure stops climbing at Southwest Friday, 5 Oct 2012 | 11:47 AM ET

    DALLAS-- Southwest Airlines Co. was left at the gate when other airline stocks rose strongly on Friday morning after the company gave a weak report on September traffic and revenue trends. THE SPARK: Southwest, which also operates AirTran Airways, said September traffic dropped by 2.1 percent and a key revenue measure fell by 2 to 3 percent.

  • Salmonella confirmed in peanut butter plant Friday, 5 Oct 2012 | 11:44 AM ET

    WASHINGTON-- Salmonella has been found in a New Mexico plant that produces nut butters for retailer Trader Joe's and several other large national grocery chains, the Food and Drug Administration said Friday.

  • Obama: Jobs report shows economy is on right track Friday, 5 Oct 2012 | 11:42 AM ET

    FAIRFAX, Va.-- President Barack Obama says an encouraging jobs report shows that the country has made too much progress to turn back to the policies that he says led the nation into an economic crisis. At a campaign event in suburban Washington, Obama said the report was "a reminder that this country has come too far to turn back now."

  • Primero shares jump on positive Mexico tax ruling Friday, 5 Oct 2012 | 11:40 AM ET

    NEW YORK-- U.S. shares of Primero Mining Corp. surged more than 30 percent Friday after the company got a favorable tax ruling from Mexican authorities.