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NEW YORK-- A published report says federal authorities are using taped phone conversations to build criminal cases connected to the $6 billion trading loss announced by JPMorgan Chase earlier this year. The New York Times reports investigators are focusing on four people who worked for the London team responsible for the loss.
WASHINGTON, Oct 11- A Democratic member of a U.S. Senate health oversight committee on Thursday called for a criminal investigation of the deadly meningitis outbreak linked to tainted drugs that has killed 14 people in 11 states.
WASHINGTON, Oct 11- Goldman Sachs chief executive, Lloyd Blankfein, became the latest big-name business leader to pledge to pay steeper tax- 5 percent, he said- in exchange for a long-term bipartisan deal in Congress to keep the country from falling off the "fiscal cliff."
SANTA FE, N.M.-- The state's top securities regulator says a fake audit at the New Mexico Finance Authority went undetected for months and was distributed to investors because of a complete breakdown of the agency's management and oversight.
NEW YORK-- Shares of J.C. Penney Co. rose Thursday for the second day in a row, after a key supplier, Levi Strauss& Co., said that its new shops within the retailer's stores are faring well.
NEW YORK-- The New York Times Co.' s stock rose on Thursday after an analyst raised his rating and price target on the shares. Barclays analyst Kannan Venkateshwar said the Times Co.' s recent sales of some assets have helped improve its balance sheet, while its online pay wall has generated enough new subscription revenue to offset declining print ad sales.
--Astoria Gen is refinancing its existing first- and second-lien credit facilities due February 2013 and August 2013 respectively, with a new $450 first-lien credit facility consisting of a $425 million term loan and a $25 million revolving facility.
HARTFORD, Conn.-- State auditors in Connecticut called for changes Thursday in an emergency food stamp program at the center of a fraud scandal involving state employees, saying more vigilant caseworkers could have reduced the amount of aid handed out to ineligible applicants.
MONTGOMERY, Ala.-- The U.S. Army Corps of Engineers has revised its plans to severely curtail the operation of locks on the Alabama and Chattahoochee rivers. Jeff Sessions of Alabama said he's glad the corps modified the plans after public officials from both parties raised concerns about the economic impact.
Oct 11- Fitch Ratings removed from Rating Watch Negative, BA Covered Bond Issuer's mortgage covered bonds. The rating is based on the Long-term Issuer Default Rating of the program sponsor, Bank of America N.A., the Discontinuity Cap of 1 and the asset percentage of 70.1% that Fitch takes into account in its analysis.
AVONDALE, Penn., Oct 11- The September U.S. employment report was "mostly good news" that shows some progress, though the labor market still has a long way to go, Charles Plosser, president of the Philadelphia Federal Reserve Bank, said on Thursday.
*U.S. sells $13 billion in 30- year bonds. By Richard Leong and Luciana Lopez. Treasuries prices rose on Thursday in choppy trading as worries about the health of the euro zone after a downgrade of Spain's debt and uncertainty around November's U.S. election outweighed a lackluster sale of 30- year debt.
NEW YORK-- It's a shopper's nightmare: Buying something, then seeing it cheaper at another store. I have been using Amazon.com Inc.' s price-checking app for about a year now and have always found the prices on the app lower than at a store. But I've never tried other popular apps by Google Inc. and eBay Inc..
Rating Action On Oct. 11, 2012, Standard& Poor's Ratings Services affirmed its' B-' long-term corporate credit rating on Trilogy International Partners LLC.
LODI, N.Y.-- Radio talk show host Glenn Beck's family had a close call when their sport utility vehicle rolled down a steep hill in New York's Finger Lakes region just after they had exited the SUV. They had just arrived at the cottage rented for the daughter's wedding reception last weekend in Lodi, on Seneca Lake.
CARACAS, Venezuela-- A mustachioed former bus driver who rose to become his country's top diplomat has emerged as the vice presidential pick of President Hugo Chavez as the Venezuelan leader prepares to launch a six-year term following two cancer operations.
*Imports fall by a surprising 3.1 percent* Canada blames Europe, U.S. economies for falling revenues* Few see Q3 economic growth meeting Bank of Canada forecast By David Ljunggren.
NEW YORK, Oct 11- U.S. stocks edged lower and the Nasdaq turned negative on Thursday as Apple shares fell after a legal ruling involving the sale of Samsung products and retail shares reversed course after rising on jobless claims data. The Dow Jones industrial average gained 1.27 points, or 0.01 percent, to 13,346.24.
*Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday as tensions between Syria and Turkey escalate, reinforcing concerns about risks to the region's supply, and maintenance curbs on North Sea output continue.
WAYZATA, Minn.-- Agribusiness company Cargill said on Thursday that its first-quarter profit nearly quadrupled to $975 million. Still, the Minneapolis company said the impact of the U.S. drought and weather in other crop-growing areas such as the Black Sea region "is still unfolding." Revenue fell 2 percent to $33.8 billion from $34.6 billion a year ago.