AP Financial News Summary at 5:54 p.m. EST
Dow Ends Down 73, Nasdaq Finishes Down 9
%mlink(STRY:v9029; PHOTO:NYR104-1109060908; AUDIO:%)
NEW YORK (AP) _ Wall Street’s three-day winning streak came to an end Thursday as investors, taking a second look at election results, questioned whether a Democratic Congress would be friendly to business.
Trade Deficit Slides to $64.3B in Sept.
%mlink(STRY:v9008; PHOTO:; AUDIO:%)
WASHINGTON (AP) _ The U.S. trade deficit improved in September after hitting an all-time high, helped by lower oil prices. The imbalance with China, however, soared to a record as retailers stocked their shelves for Christmas.
Oil Prices Rise Above $61 a Barrel
%mlink(STRY:v8954; PHOTO:; AUDIO:%)
VIENNA, Austria (AP) _ Oil prices rose above $61 a barrel Thursday in reaction to figures showing lower U.S. gasoline and diesel fuel inventories.
Walt Disney 4Q, Full-Year Earnings Climb
%mlink(STRY:v8985; PHOTO:TOK103-1107060507; AUDIO:%)
LOS ANGELES (AP) _ Profit at media conglomerate The Walt Disney Co. soared 89 percent in the fourth quarter, reflecting strong performance of its movies worldwide, increased attendance at its theme parks and higher revenue from its ESPN cable channel.
Delta Air Lines Posts $52M Profit in 3Q
%mlink(STRY:v9018; PHOTO:; AUDIO:%)
ATLANTA (AP) _ Delta Air Lines Inc., the nation’s third-largest carrier, said Thursday it swung to a $52 million profit in the third quarter thanks in part to a one-time gain due to a decrease in previously estimated pre-bankruptcy claims for restructuring of aircraft financing deals.
Massive Recall of Acetaminophen Underway
%mlink(STRY:v9045; PHOTO:DCMC104-1109061051; AUDIO:0609B286%)
WASHINGTON (AP) _ Check your medicine cabinet: Millions of bottles of the widely used pain reliever acetaminophen _ some sold as long as three years ago _ are being recalled because they may contain metal fragments.
BP Settles Last Refinery Blast Lawsuit
%mlink(STRY:v9052; PHOTO:TXPS104-1109061110; AUDIO:%)
GALVESTON, Texas (AP) _ BP PLC settled on Thursday the last remaining death-related lawsuit from the 2005 Texas City refinery blast that killed 15, wounded more than 170 and brought vast criticism on the oil company for lax safety measures at the facility.
Judge: Winn-Dixie Can Exit Chapter 11
%mlink(STRY:v9013; PHOTO:; AUDIO:%)
JACKSONVILLE, Fla. (AP) _ A federal judge ruled Thursday that supermarket chain Winn-Dixie Stores Inc. has met the legal requirements to emerge from more than a year of bankruptcy protection, and the company plans to do so within 30 days.
Air Force Awards Copter Deal to Boeing
%mlink(STRY:v9035; PHOTO:; AUDIO:%)
WASHINGTON (AP) _ The Air Force awarded a $13 billion contract Thursday for search and rescue combat helicopters to a team led by aerospace giant Boeing Co.
Fiat CEO Outlines 4-Year Business Plan
%mlink(STRY:v8963; PHOTO:TUR102-1109061148; AUDIO:%)
TURIN, Italy (AP) _ Fiat SpA Chief Executive Sergio Marchionne laid out an ambitious set of four-year targets on Thursday aimed at propelling the newly revitalized company toward capturing a bigger share of the market.