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  • Meryl Streep donates $1M to The Public Theater Friday, 5 Oct 2012 | 2:29 PM ET

    NEW YORK-- Meryl Streep has donated $1 million to The Public Theater in honor of both its late founder, Joseph Papp, and her friend, the author Nora Ephron. The announcement was timed to Thursday's unveiling of the nonprofit's $40 million face-lift to its 158- year-old headquarters in Astor Place.

  • THE RACE: Jobs news may help Obama regain footing Friday, 5 Oct 2012 | 2:28 PM ET

    And the 7.8 percent September unemployment rate, down from 8.1 percent in August, was clearly welcome to President Barack Obama. That was so for both Presidents Franklin D. Roosevelt and Ronald Reagan. For Reagan, unemployment peaked at 10.8 percent in November and December 1982.

  • Oct 5- The decision by Standard& Poor's to change the calculation of a key credit metric has left some investors accusing the agency of watering down standards, as it seeks to rebuild its once-dominant market share in the rating of commercial mortgage-backed securities.

  • AdWatch: Romney pitches 12 million jobs in new ad Friday, 5 Oct 2012 | 2:25 PM ET

    KEY IMAGES: The ad shows GOP presidential candidate Mitt Romney getting behind the wheel of an SUV, then cuts to Romney standing and speaking into the camera. Text on the screen says: " Mitt Romney in his own words" and he says: "Let me tell you how I will create 12 million jobs when President Obama couldn't.

  • Alcoa's third-quarter profit expected to fall Friday, 5 Oct 2012 | 2:24 PM ET

    NEW YORK-- Aluminum manufacturer Alcoa Inc. will open what's expected to be a disappointing earnings season when it reports third-quarter results Tuesday after the markets close. WHAT TO WATCH FOR: Alcoa produces aluminum for a wide range of businesses, from automobiles to appliance makers and energy companies.

  • TEXT-S&P may raise Nexstar Broadcasting Friday, 5 Oct 2012 | 2:23 PM ET

    --On July 19, 2012, U.S. broadcaster Nexstar entered into an agreement to purchase 12 TV stations owned by Newport Television Holdings for $285 million, concluding the company's strategic review process. --We are placing our' B' rating on the company on CreditWatch with positive implications.

  • Oct 5- General Motors Co said on Friday it will shift its hydrogen fuel cell development program from upstate New York, and consolidate the operation with its global power train engineering headquarters in Pontiac, Michigan.

  • Review: Apple's maps app lets you follow the voice Friday, 5 Oct 2012 | 2:13 PM ET

    Although it's not flawless or as good as Google's maps app on Android phones, Apple's new offering on the iPhone got me where I needed to go _ for the most part. I've used Google's Android app since it was released three years ago.

  • NASHVILLE, Tenn., Oct 5- Tennessee confirmed on Friday four more cases of rare fungal meningitis, as health officials in 23 states scrambled to notify thousands of patients who received steroid injections linked to an outbreak that has killed five people. Three of the dead were in Tennessee, where the outbreak began, and one each in Virginia and Maryland.

  • --We expect continued deterioration in operating trends to cause U.S.-based school memorabilia company Visant Holding Corp.' s credit metrics to weaken further over the near term. --We are revising our' B+' rating outlook to negative from stable.

  • U.S. Supreme Court to review Monsanto seed patents Friday, 5 Oct 2012 | 2:03 PM ET

    *Soybean farmer accused of infringing Monsanto patents. Oct 5- The U.S. Supreme Court agreed on Friday to consider an Indiana soybean farmer's appeal of a decision finding that he infringed Monsanto Co patents over seeds containing the company's genetically altered Roundup Ready technology.

  • By Braden Reddall and Nichola Groom. SAN FRANCISCO/ LOS ANGELES, Oct 5- Californians awoke on Friday to yet another unprecedented spike in the price of gasoline that brought the one-week increase in the Golden State to a whopping 36 cents a gallon. "It's insane," said Matt Hurd, 35, as he filled up at a San Francisco gas station near the Bay Bridge. "

  • NEW YORK, Oct 5- The lack of credit available to home buyers is among the biggest concerns in the still troubled U.S. housing market, a top Federal Reserve official said on Friday.

  • FAIRFAX, Va., Oct 5- President Barack Obama on Friday hailed a drop in the U.S. jobless rate to the lowest level since he took office, saying the country has "come too far to turn back now," as he sought to recover from a lackluster debate performance against Republican challenger Mitt Romney.

  • US releases estimate of Utica Shale reserves Friday, 5 Oct 2012 | 1:59 PM ET

    Drilling companies beginning to explore the Utica Shale got a piece of good news Friday when the U.S. Geological Survey estimated the rock formation in Ohio, Pennsylvania and other states holds enormous reserves of natural gas and oil.

  • *More than 137,000 temp jobs have been added in 2012. Oct 5- Businesses wary about the U.S. presidential election and the outlook for fiscal policy will probably hire temporary workers in the fourth quarter rather than full timers, a view that lifted staffing company shares on Friday.

  • WASHINGTON, Oct 5- The housing bust has saddled the United States with an "extraordinary" level of abandoned properties that inflict heavy costs on the wider community and government aid may be needed to tackle the problem, a top U.S. central banker said on Friday.

  • *Nonfarm payrolls rose 114,000 in September* Unemployment rate falls to 7.8 percent, lowest since 2009* Household survey shows most job gains since 1983* Average hourly earnings gain 7 cents* Report is second to last before Nov. 6 elections By Lucia Mutikani.

  • Tunneling through the Andes to speed global trade Friday, 5 Oct 2012 | 1:52 PM ET

    BUENOS AIRES, Argentina-- South American engineers are trying to tackle one of the continent's greatest natural challenges: the towering Andes mountain chain that creates a costly physical barrier for nations ever-more-dependent on trade with Asia.

  • VeriFone rises as analyst says it's on right path Friday, 5 Oct 2012 | 1:50 PM ET

    NEW YORK-- VeriFone's stock climbed more than 7 percent on Friday as an analyst said that the electronic payment company seems to be on the right path toward improving its share price. THE SPARK: VeriFone's shares are down 20 percent for the year-to-date and have declined 15 percent over the past month.