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Top News & Analysis United States

  • 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.

  • --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.

  • 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.

  • *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.

  • 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.

  • 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.

  • 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.

  • The Labor Department says that the unemployment rate fell to 7.8 percent in September, down from 8.1 percent in August. The euro rose to $1.3025 in late trading Friday from $1.3018 late Thursday. The British pound fell to $1.6140 from $1.6185.

  • *Fred Hassan to become nonexecutive chairman in January. By Jessica Wohl and Phil Wahba. Oct 5- Avon Products Inc.

  • LONDON, Oct 5- Nigeria liquefied natural gas on Friday declared a force majeure on plant output after an attempt to steal crude oil from a pipeline led to a fire, Shell said. Shell, which has a 25.6 percent stake in Nigeria LNG, on Sunday shut its 28- inch Bomu-Bonny trunk line after oil thieves caused a fire, it said.

  • FORT WORTH, Texas-- Maintenance workers at American Eagle will vote on a contract agreement reached with the American Airlines affiliate. The Transport Workers Union said Friday that 1,300 maintenance workers and 10 ground instructors will vote for the next two weeks, with results announced by Oct. 19.