Oil prices climbed more than 5 percent, surpassing $70 a barrel Wednesday after a government report said the nation’s gasoline supply dropped unexpectedly and demand increased from last year. Benchmark crude for November delivery added $3.90 to settle at $…

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Asia – Singapore – OilPrices – United States – Price of petroleum

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Crude settles above $70 on supply data

NEW YORK (Reuters) – CIT Group Inc plans to offer its unsecured debtholders two options: either exchange their debt voluntarily or face a pre-packaged bankruptcy, sources close to the situation said on Wednesday.

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CIT eyes debt exchange or prepack bankruptcy: sources

A surprise drop in a key regional economic indicator sent stocks reeling Wednesday, with the Dow Jones industrials sliding more than 70 points. The Chicago Purchasing Managers Index fell to 46.1 in September rather than rising to the 52 that economists…

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Wall Street – Business – Investing – United States – Dow Jones & Company

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Surprise slide in manufacturing sends stocks lower

NEW YORK (Reuters) – Stocks slipped on Wednesday on news of a surprising contraction in an index of Midwest business activity, but losses were limited by a bounce in technology bellwethers like Cisco Systems Inc at the end of a strong quarter.

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Wall Street falls on PMI, but higher for quarter

As the world’s leading lighting company, Philips is banking on new, energy-efficient LED bulbs to win business in this growing market

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Philips’ Bright Future for Lightbulbs

Garmin has added a phone to a navigation device, but it’s not a phone you’d want to use. For now, adding navigation apps to Apple’s iPhone is a better alternative

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Smartphones: Garmin’s GPS Is Ringing

Windstream Corp. says it is cutting 350 jobs, or nearly 5 percent of its work force, in part to balance out declining revenue in its residential voice unit. The Little Rock, Arkansas, company offers phone, high-speed Internet and high-definition digital TV…

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High-definition television – Broadband Internet access – Little Rock Arkansas – Television – United States

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Windstream to cut 350 jobs

A jury has cleared a Detroit police officer in a lawsuit alleging he conducted an illegal search by sticking his finger in the rectum of a suspect during a traffic stop and drug arrest. The jury deliberated for about an hour Wednesday before clearing Sgt….

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Police officer – Law – Detroit – Body cavity search – Legal Information

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Detroit officers cleared in illegal search lawsuit

The unfolding economic recovery will probably lose some momentum in the final three months of the year as rising unemployment and still hard-to-get credit weigh on consumers. The economy will grow at a pace of around 2.5 percent in the just-started October-…

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Economic – Gross domestic product – Recession – Social Sciences – Business

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Economic growth seen slowing by year’s end

The cost of making phone calls has been dropping rapidly in the last few years. If you want take full advantage of that, you’ll need to try some new things, because the phone companies aren’t going to thrust savings on you. Here are 10 tips on how to cut the…

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Telephone company – Telecommunication – Business – Business and Economy – Canada

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Review: 10 ways to save on calling costs

The pilots who landed a US Airways jet safely in the Hudson River will reunite in the cockpit Thursday for the first time for a flight out of New York, the airline said. Capt. Chesley “Sully” Sullenberger and 1st Officer Jeffrey Skiles will pilot a flight…

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Hudson River – US Airway – Chesley Sullenberger – New York – Airline

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Hudson ‘Miracle’ pilots to reunite for NY flight

CHICAGO/NEW YORK (Reuters) – The Obama administration’s pay czar joked Wednesday that he might have to move to Pluto to escape the fallout from his first batch of compensation decisions, which are expected in October.

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Pay czar Feinberg expecting heat for rulings

Google AdSense is the service that puts “Ads by Google” display advertisements on many Web pages. It usually does a pretty good job of serving ads relevant to the content of the page–and sometimes it does a little too well.

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AdSense Oddity: Gizmodo Burial Urns

Oil prices climbed more than 5 percent, surpassing $70 a barrel Wednesday after a government report said the nation’s gasoline supply dropped unexpectedly and demand increased from last year. Benchmark crude for November delivery added $3.39 to $70.10 a…

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Asia – Singapore – OilPrices – United States – Price of petroleum

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Crude and gasoline futures rise on supply data

President Barack Obama’s administration put the brakes on 79 applications for surface coal mining permits in four states Wednesday, saying they would violate the Clean Water Act. The action is the administration’s latest attempt to curb environmental damage…

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Clean Water Act – Barack Obama – United States Environmental Protection Agency – Coal mining – United States

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EPA to delay 79 coal mining permits in 4 states