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Top News & Analysis United States

  • NEW YORK-- Stock futures are falling on mixed quarterly earnings from companies like Verizon, Morgan Stanley and Southwest Airlines.

  • PITTSBURGH-- Shares of Wesco International jumped 10 percent before the markets opened Thursday after the company edged out profit expectations for the third quarter and announced the acquisition of a Canadian electrical supply company. The company also announced a deal to acquire EECOL Electric Corp. of Calgary, Alberta, for about $1.16 billion.

  • Fifth Third's net income available to common shareholders fell to $354 million, or 38 cents per share, from $373 million, or 40 cents per share, a year earlier.

  • RICHMOND, Va.-- Cigarette maker Philip Morris International Inc.' s third-quarter net income fell more than 6 percent, despite higher prices, as the company sold fewer cigarettes. Philip Morris International said it earned $2.23 billion, or $1.32 per share, in the third quarter, down from $2.38 billion, or $1.35 per share, a year ago.

  • NEW YORK-- Morgan Stanley reported higher revenue and net income for its third quarter Thursday thanks to gains in its bonds and asset management businesses. Excluding an accounting charge, the bank earned $535 million for common shareholders in July to September, up from $39 million a year ago.

  • WASHINGTON-- Industrial and medical equipment maker Danaher's third-quarter net income rose 5 percent from year-ago results that were depressed by a loss on early debt retirement. Danaher Corp. earned $548.7 million, or 77 cents per share, for the period ended Sept. 28.

  • Southwest Airlines eked out a small third-quarter profit in spite of a September slowdown, the company said on Thursday. Southwest has been using a mix of fare increases and sales to try to get its prices to a level that travelers will pay.

  • MGM China Holdings Ltd. said it formally accepted a land concession contract from the Macau government for a 7.2 hectare plot in the Cotai district, an area of reclaimed land that's earmarked for all new casinos in the Asian gambling haven. MGM China said it is paying $161.4 million for the land, including a $56.2 million down payment.

  • LONDON-- Markets were largely steady Thursday, after solid gains this week, on signs that China's economy is not slowing as quickly as feared, the U.S. is recovering and Spain will soon request a bailout.

  • SAN FRANCISCO-- Google Inc.' s third-quarter earnings should reveal whether investors' recently rejuvenated optimism about the Internet search leader's growth prospects is justified.

  • BANGKOK-- Stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and the latest data from China suggested the worst of its slump is over.

  • KASHAGAN OILFIELD, Kazakhstan-- The manmade islands that are home to Kazakhstan's mammoth Kashagan oilfield project rise like a mirage to the boats churning through the shallow waters of the Caspian Sea. When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.

  • NEW YORK-- A Bangladeshi man snared in an FBI terror sting considered targeting a high-ranking government official and the New York Stock Exchange before authorities say he raised the bar by picking one New York City's most fortified sites: The Federal Reserve.

  • BEIJING-- The Chinese company suing President Barack Obama for blocking its planned wind farm projects in Oregon accused the U.S. leader and his government of discrimination Thursday and warned that the case would deter Chinese investment in the United States.

  • BANGKOK-- Asian stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and the latest data from China suggested the worst of its slump is over.

  • Drug developer Isis Pharmaceuticals Inc. and partner Genzyme said Thursday a panel of advisers to the Food and Drug Administration had voted 9 to 6 to recommend approval of Kynamro, for treating patients genetically predisposed to have sky-high LDL, or bad cholesterol. The FDA is not bound to follow recommendations of its advisers, but usually does so.

  • NEW YORK-- Watch out, Fox. Less than four weeks into the new season, CBS' "Made in Jersey" is already swimming with the fishes, and NBC announced on Thursday that the comedy "Animal Practice" will be out the door next month. Site founder Bill Gorman, asked to go out on a limb, predicted "The Mob Doctor" on Fox would be the next to disappear _ but NBC beat him to the punch.

  • EVANSVILLE, Ind.-- Citing health reasons, Shoe Carnival CEO and President Mark Lemond is retiring from the footwear and accessories company after 16 years leading it. The company's executive vice president and CFO, W. Kerry Jackson, will in addition become its chief operating officer, Shoe Carnival Inc. said Thursday. Shoe Carnival has 347 stores in 32 states.

  • ORLANDO, Fla.-- Timeshare company Marriott Vacations Worldwide Corp. reported a slim profit on higher revenue in the third quarter and raised its forecast for the year on strength in its North American operations.

  • DETROIT-- A federal judge in California has dismissed a lawsuit challenging the use of Albert Einstein's image in a magazine ad by General Motors. The Detroit News says the Hebrew University of Jerusalem filed the lawsuit against GM. Information from: The Detroit News, http://detnews.com/.