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Uruguay takes historic step legalizing abortion

Submitted by Fox First at Ten on October 17th

By MICHAEL WARRENAssociated Press MONTEVIDEO, Uruguay (AP) - Uruguay's Senate voted to legalize first-trimester abortions for all women Wednesday in a groundbreaking measure that came with so many strings attached it left neither side in the bitter debate completely satisfied. Senators

News Summary: ASML bids for US light beam maker

Submitted by Fox First at Ten on October 17th

By The Associated Press THE OFFER: ASML Holding NV, the Dutch chip-making equipment supplier, bid $2.55 billion for California company Cymer Inc. THE TARGET: Cymer's technology makes focused beams of light. Its shares rocketed higher Wednesday. THE ACQUIRER: ASML uses such beams in machines

Media General reports wider 3Q loss, revenue up

Submitted by Fox First at Ten on October 17th

RICHMOND, Va. (AP) - Television and digital media company Media General Inc. said Wednesday that its third-quarter net loss widened because of higher expenses, but revenue grew sharply thanks to an increase in political advertising and the Olympics. The company posted a net loss of $30.3 million,

News Summary: BofA's Merrill headache, refi boom

Submitted by Fox First at Ten on October 17th

By The Associated Press MERRILL LYNCH FALLOUT: Bank of America's third-quarter profits suffered after the bank agreed last month to settle a big shareholder lawsuit. Shareholders accused the bank of misleading them when it bought Merrill Lynch in the depths of the financial crisis.

News Summary: PepsiCo profit dips amid turnaround

Submitted by Fox First at Ten on October 17th

NEW YORK (AP) - THE NUMBERS: PepsiCo Inc.'s net income fell 5 percent in the third quarter, as the company spent more on marketing and was hit by higher costs for ingredients and unfavorable currency exchange rates. THE BACKGROUND: As part of a turnaround push, PepsiCo is investing more heavily

US crude oil supplies grow by 2.9 million barrels

Submitted by Fox First at Ten on October 17th

NEW YORK (AP) - The nation's crude oil and gasoline supplies increased last week, the government said Wednesday. Crude inventories grew by 2.9 million barrels, or 0.8 percent, to 369.2 million barrels, which is 10.9 percent above year-ago levels, the Energy Department's Energy Information

Wanted: Flight attendants to work for less pay

Submitted by Fox First at Ten on October 17th

By SAMANTHA BOMKAMPAP Airlines Writer NEW YORK (AP) - Wanted: A few good recruits to serve coffee and help combat terrorism at 30,000 feet. American Airlines said Wednesday that it will post job openings for 1,500 flight attendants next month. It will start hiring in December and put the new staff

Cyprus: talks to seal bailout deal next week

Submitted by Fox First at Ten on October 17th

By MENELAOS HADJICOSTISAssociated Press NICOSIA, Cyprus (AP) - Cyprus' finance minister says he expects the final round of talks with potential creditors on a bailout agreement to start next week. Separately on Wednesday, international ratings agency Standard & Poor's sank Cyprus

Stock market edges up on stronger housing report

Submitted by Fox First at Ten on October 17th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - A surprisingly strong housing report helped push the stock market mostly higher Wednesday, while weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average. Even though the two tech giants disappointed, overall

Nike severs ties to Armstrong "with great sadness"

Submitted by Fox First at Ten on October 17th

By MICHELLE CHAPMANAP Business Writer NEW YORK (AP) - Nike has severed ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company about those activities for more than a decade. The clothing and footwear company said Wednesday