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News Summary: Industrial metals up on mixed news

Submitted by Fox First at Ten on October 1st

By The Associated Press ECONOMIC HINTS?: Prices rose for industrial metals as some positive signs emerged from a mixed batch of global economic news. U.S. manufacturing activity rose, overall U.S. construction spending dropped and manufacturing remained weak in China. BACKING QE3: Gold prices

FTC issues revised green marketing guidelines

Submitted by Fox First at Ten on October 1st

WASHINGTON (AP) - Expect to see fewer products pitched as "environmentally friendly" if the government has its way. Hoping to limit the number of deceptive claims, the Federal Trade Commission on Monday released an updated version of its green marketing guidelines that hold companies to truthful

Industrial metals higher on mixed economic news

Submitted by Fox First at Ten on October 1st

By SANDY SHOREAP Business Writer Prices are higher for industrial metals as positive signs emerged from a batch of global economic news. Copper for December delivery gained 2.75 cents to finish at $3.7855 per pound. Platinum, palladium and silver also rose. The new reports showed that U.S.

Dollar and precious metals at a glance

Submitted by Fox First at Ten on October 1st

NEW YORK (AP) - Key currency exchange rates Monday, compared with late Friday in New York:

Barron's upbeat on Goldman, predicts stock gains

Submitted by Fox First at Ten on October 1st

NEW YORK (AP) - Shares of Goldman Sachs Monday after an article posted on the website of Barron's magazine predicted that the investment bank's stock could climb at least 25 percent over the next year. Goldman's stock has lost more than half its value since its 2007 high of $248, and

News Summary: Ikea to sell only LED lighting

Submitted by Fox First at Ten on October 1st

By The Associated Press LIGHTING THE WAY: Swedish retailer Ikea plans to sell only energy-efficient LED lighting by 2016, a move it announced two years after it said it was phasing out incandescent bulbs. WALKING THE WALK: The company will also install the longer-lasting bulbs in its stores,

News Summary: Amex paying $112.5M in settlements

Submitted by Fox First at Ten on October 1st

By The Associated Press AMEX PAYING REFUNDS, FINES: American Express is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged illegal late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. DECEPTIVE

News Summary: Sony plans high-tech medical devices

Submitted by Fox First at Ten on October 1st

By The Associated Press HIGH-TECH MEDICAL DEVICES: Sony's new alliance with Olympus will focus on producing endoscopes and other surgical tools packed with the Japanese electronic maker's three-dimensional imaging and super-clear "4K" display technologies. NEW CHALLENGE: Sony said it

Washington Post buying bulk of Celtic Healthcare

Submitted by Fox First at Ten on October 1st

WASHINGTON (AP) - The Washington Post Co. is getting into the health care business with the purchase of a majority stake in Celtic Healthcare Inc., a provider of home health care and hospice services. The media and education company said Monday that the deal is part of its strategy to invest in

News Summary: US manufacturing grew in September

Submitted by Fox First at Ten on October 1st

By The Associated Press FACTORY REBOUND: U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of factory activity rose to 51.5, up from 49.6