BLOOMBERG
Computer hackers, possibly from the Chinese military, interfered with two U.S. government satellites four times in 2007 and 2008 through a ground station in Norway, according to a congressional commission.
The top Republican tax writer in Congress explained his plan to create a broad exemption for the profits that U.S.-based corporations earn outside the country, aiming to accelerate the debate over international taxation.
Clashes between members of the Occupy Wall Street movement in Atlanta and Oakland with police followed by dozens of arrests underscore the hazards for Democrats in embracing the burgeoning movement.
Rick Perry, whose performance in a series of Republican presidential debates has corresponded with a steep decline in his polling, plans to limit participation in future face-offs ahead of early state nominating contests.
Gross domestic product rose at a 2.5 percent annual rate, matching the median forecast of economists surveyed by Bloomberg News and up from a 1.3 percent gain in the prior quarter.
First-time jobless claims decreased by 2,000 to 402,000 in the week ended Oct. 22. The number of people collecting unemployment benefits fell in the prior week by 96,000 to 3.65 million, the fewest since September 2008.
Currency-trading strategies are losing the most in two decades as the volatility that’s boosted volume and profits for investment banks erodes the ability of investors to make money.
The Bloomberg Consumer Comfort Index fell to minus 51.1 in the week ended Oct. 23, the lowest in a month, from minus 48.4 the prior period. Ninety-five percent of those surveyed had a negative opinion about the economy, the worst since April 2009 and one percentage point shy of a record high.
Germany, the world’s biggest solar- panel market, will cut subsidies for photovoltaic power by a record amount next year as the government tries to control the pace of installations and wean the industry off support.
AP Top Stories
A federal judge next month will sentence the man who authorities say took advantage of the booming gold market, by scamming more than 1,400 people out of tens of millions of dollars. But before he goes to prison, the mastermind of the scheme, Jamie Campany, sat down with ABC News' Chief Investigative Correspondent Brian Ross to reveal how he tricked his hundreds of victims out of nearly $30 million.
Rain and snow compounded difficulties for thousands rendered homeless in the powerful earthquake that hit Turkey, and the government said the death toll has gone up to 523.
Exxon Mobil's profit rose 41 percent in the third quarter, a profit of $10.33 billion, slightly ahead of Wall Street estimates, as gains in crude oil prices and higher refining margins boosted results.
Pending sales of existing U.S. homes dropped for a third successive month during September.
The Commerce Department said the economy expanded at an annual rate of 2.5 percent in the July-September quarter. That's the strongest growth in a year and nearly double the 1.3 percent growth in the April-June quarter.
The National Association of Realtors says its index of sales agreements fell 4.6 percent last month to a reading of 84.5.
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