- Stocks posted a solid advance today, between some better than expected earnings and word that inflation remains in check. The Dow gained 128 points to 13,552. The S&P rose 15 points to 1,455, while the Nasdaq surged 37 to 3,101.
- The Federal Reserve reports that industrial production rose 0.4 percent last month, bouncing back after a decline in August. Factory output rose only slightly in September.
- Apple has sent out invitations for an event next Tuesday. It is expected to unveil plans to sell a smaller iPad.
- Facing weak sales and mounting losses, Massachusetts-based electric-car battery maker A123 Systems has filed for bankruptcy protection and reached a deal to sell its automotive assets. Auto parts maker Johnson Controls will pay $125 million for A123's auto business. That includes two Michigan factories and lithium-ion battery technology used in cars like the Fisker Karma and upcoming Chevrolet Spark.
Read more business stories on the Back To Business page.