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  • SEC examines Caterpillar's accounting for Bucyrus

    Caterpillar Inc. says the SEC is looking into accounting measures taken in its 2011 acquisition of mining equipment maker Bucyrus International Inc. The construction equipment company said in a regulatory document that the U.S. Securities and Exchange Commission issued a subpoena in September seeking information about the company's accounting...

  • US blacklists Myanmar ruling party lawmaker

    WASHINGTON (AP) — The U.S. Treasury on Friday blacklisted a hard-line lawmaker of Myanmar's ruling party, accusing him of undermining political and economic reforms. Human rights activists step welcomed the action against Aung Thaung, who was industry minister under the former ruling junta and a leader of a pro-military organization blamed for...

  • Microsoft promises new Office for Macs next year

    SAN FRANCISCO (AP) — After a long wait, Microsoft says it plans to release a new version of its popular Office software package for Mac computers — but not until next year. Microsoft did release one component, the Outlook email program, through the company's Office 365 subscription service, which costs $100 a year. But a full Office package...

  • Gas falling under $3 nationwide: What to know

    NEW YORK (AP) — The sight is so surprising that Americans are sharing photos of it, along with all those cute Halloween costumes, sweeping vistas and special meals: The gas station sign, with a price of $2-something a gallon. "It's stunning what's happening here," says Tom Kloza, chief oil analyst at the Oil Price Information Service. "I'm a...

  • Recalls this week: flashlights, bicycle shocks

    More than 8,000 flashlights with special lenses for Halloween have been recalled because they can overheat and melt. Other recalled products this week include bicycle shocks with incorrect adjustment directions and USB chargers that can melt. Here's a more detailed look: FLASHLIGHT DETAILS: Signature Designs Halloween image projector. The...

  • California Highway Patrol reports 1 fatality, 1 major injury after SpaceShipTwo accident

    MOJAVE, Calif. (AP) — California Highway Patrol reports 1 fatality, 1 major injury after SpaceShipTwo accident.

  • Witness reports SpaceShipTwo exploded in flight after ignition of rocket, crashed in desert

    MOJAVE, Calif. (AP) — Witness reports SpaceShipTwo exploded in flight after ignition of rocket, crashed in desert .

  • Recent moves by central banks, at a glance

    It's been a busy week for some of the world's major central banks. On Friday, the Bank of Japan surprised financial markets by intensifying its purchases of government bonds and other assets to try to revive a faltering recovery. Across the Pacific, the Federal Reserve took the opposite step earlier in the week. Judging that the U.S. economy...

  • US rig count up 2 to 1,929

    HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by two this week to 1,929. The Houston firm said Friday in its weekly report that 1,582 rigs were exploring for oil and 346 for gas. One was listed as miscellaneous. A year ago there were 1,742 active rigs. Of...

  • Sun-Times owner sells suburban papers to Tribune

    CHICAGO (AP) — The parent company of the Chicago Sun-Times has sold six daily newspapers and 32 weekly publications to Tribune Publishing Co. In announcing the deal Friday, Tribune executives said the suburban Chicago newspapers will help the company expand its "hyper local" news content and diversify its revenue sources. Terms of the deal...

  • Medicare paid for meds after patients were dead

    WASHINGTON (AP) — Call it drugs for the departed: A quirky bureaucratic rule led Medicare's prescription drug program to pay for costly medications even after the patients were dead. That head-scratching policy is now getting a second look. A report released Friday by the Health and Human Services Department's inspector general said the...

  • MOVERS & SHAKERS

    Danny Cruz has joined the North American Title Company Southern Colorado division as a business development representative in Colorado Springs. Cruz has more than 10 years of experience in sales and has skills in customer service, accounting, marketing and management. GET MORE OR SUBMIT AN ITEM: See Sunday's Business section for more Movers &...

  • Exxon, Chevron shrug off effect of low oil prices

    NEW YORK (AP) — Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months. Exxon and Chevron leaned on strong performances from their refining operations to increase profits in the third quarter despite plummeting global oil prices. "These companies can hold up in...

  • Halloween marijuana-candy scare baseless so far

    DENVER — Police in Colorado have warned parents to look out for pot-laced Halloween candy. But parents don't seem too worried. A Denver-based testing company offered 1,000 free kits to parents wanting to screen their trick-or-treaters' haul for marijuana's psychoactive chemical. Only 45 parents took CB Scientific up on the offer. There have...

  • Off-track betting parlor moves to south of Colorado Springs

    And they're off. A second off-track betting parlor opened Thursday in the Pikes Peak region, as the owners of Post Time on Academy Boulevard in Colorado Springs moved a betting facility they had operated in Trinidad to the Country Bar in Fountain, south of the Springs. Post Time South will be open Thursday through Sunday in the bar at 602...

  • US, global stocks get big boost from Bank of Japan

    NEW YORK (AP) — Stocks markets are rising around the globe after Japan's central bank surprised investors with a new round of economic stimulus. The gains put major U.S. indexes back to the record high levels they were at just six weeks ago, erasing a mid-October swoon that brought the market down nearly 10 percent. The Standard & Poor's 500...

  • US consumer sentiment index reaches 7-year high

    WASHINGTON (AP) — U.S. consumers expect better economic growth and rising incomes in the coming months, pushing a measure of confidence to a seven-year high in October. The University of Michigan said Friday that its index of consumer sentiment rose to 86.9 from 84.6 in September. That's the highest since July 2007, five months before the...

  • Another Colorado coal mine cutting 150 jobs

    PAONIA — Colorado's North Fork Valley is losing more coal jobs. After losing its contract to sell coal to the Tennessee Valley Authority, the nation's largest public utility, the operator of the Bowie No. 2 mine near Paonia is eliminating 150 jobs. Bowie Resource Partners also cited the overall weakness in coal demand in making the...

  • Exxon defies low oil price with refining strength

    NEW YORK (AP) — ExxonMobil Corp.'s refining and chemical operations rescued the company's third-quarter results amid falling global oil prices and lower oil and gas production. Exxon, the biggest U.S. oil company, posted a surprise increase in profit thanks to a 38 percent increase in profit from turning oil and gas into fuels and chemicals....

  • MSG profit jumps on Fuse music TV network sale

    NEW YORK (AP) — The Madison Square Garden Co., which is mulling splitting into two separate companies, said Friday that its fiscal first-quarter net income soared compared with a year ago as it recorded a gain from selling its music television network Fuse. Shares of the New York company rose as much as 3 percent Friday, reaching an all-time...

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