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Stocks fall…JP Morgan profits up, but misses expectations…Ohio, West Virginia, Pennsylvania pact

NEW YORK (AP) — Stocks dropped have ended the trading day lower for the first time in five sessions. More evidence of weakness in China’s economy unsettled the market as traders assessed company earnings and the latest corporate deal news. The Dow nearly 50 points to close at 17,081.89. The S&P 500 index dropped close to 14 points, finishing at 2,003.69. The Nasdaq composite declined 42 points to 4,796.61.

NEW YORK (AP) — JPMorgan Chase & Co. says its third-quarter profits were 22 percent higher than last year. However, the bank’s core results still missed analysts’ expectations as revenue declined in most of JPMorgan’s businesses. After removing one-time items, including a $2.2 billion tax benefit from issues related to the financial crisis, JPMorgan’s earnings were $1.32 a share. Analysts had forecast $1.37 per share.

COLUMBUS, Ohio (AP) — Ohio, West Virginia and Pennsylvania have agreed to cooperate in efforts to attract shale gas development and jobs to their region over the next three years. Rather than compete against each other, the states signed an agreement to coordinate marketing efforts, workforce development, investment strategies and academic research. The three states say they want to capitalize on Utica and Marcellus shale development “in an environmentally sound manner.”

ANCHORAGE, Alaska (AP) — Vessels used by Royal Dutch Shell to drill for oil off Alaska have safely departed Arctic waters. Shell announced las month that it would cease further exploration in the Chukchi (chuk-CHEE’) and Beaufort seas after spending upward of $7 billion on Arctic offshore exploration. The company cited disappointing results from an exploratory well drilled in the Chukchi and the unpredictable federal regulatory environment.

WASHINGTON (AP) — The government is strongly urging airlines to tell passengers not to pack spare lithium batteries in checked luggage because they can ignite and fuel fires in baggage compartments. The safety alert issued today by the Federal Aviation Administration recommends that airlines tell passengers when they are being ticketed and checked in not to put lithium rechargeable and non-rechargeable batteries in their bags, including those checked at gates. Passengers can still bring some in carry-on bags.

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