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Economy Briefs: Apple says iPhone 5 orders topped 2M in 24 hours

- - Monday, September 17, 2012

CUPERTINO, Calif. — Orders for the iPhone 5 topped 2 million in the first 24 hours after Apple Inc. started taking them at midnight Pacific time Friday. That's more than double the number of orders for the iPhone 4S on its first full day.

The company also says that while most pre-orders will be delivered Friday, demand for the iPhone 5 exceeds the initial supply, so some of the devices are scheduled for delivery in October.

RESTAURANTS

'McNoodles' joins menu in Austrian McDonald's

NEW YORK — McDonald's is introducing noodle dishes this week at its restaurants in Austria.

The "McNoodles" comes with vegetables and salad, chicken pieces and either sweet and sour or curry sauce. They will be available for a limited time starting Thursday.

A spokeswoman for McDonald's Corp. notes that the company offers other noodle dishes in other parts of the world. But she said it's the first time the company is using the name "McNoodles."

MINERALS

Russia: 'Trillions of carats'found in Siberian diamond field

MOSCOW — Russian scientists are claiming that a gigantic deposit of industrial diamonds found in a Siberian meteorite crater during Soviet times could revolutionize the industry.

The Siberian branch of the Russian Academy of Sciences said that the Popigai crater in eastern Siberia contains "many trillions of carats" of so-called "impact diamonds" -- good for technological purposes, not for jewelry -- and far exceeds the known global deposits of conventional diamonds.

ENERGY

Shell says it won't drill for oil off Alaska this year

AMSTERDAM — Royal Dutch Shell PLC said Monday that it will no longer seek oil off the coast of Alaska this year after suffering several setbacks.

The company, which has so far spent about $4.5 billion to obtain licenses and prepare for exploratory drilling in the Chukchi and Beaufort seas, said it is scaling back ambitions until next summer after one of its containment systems failed during a test. Earlier, the company delayed drilling because of ice floe movements.

COURTS

Feds appeal judge's ruling to free CEO guilty of fraud

IOWA CITY, Iowa — Federal prosecutors on Monday appealed a judge's order that would free a disgraced businessman while he awaits sentencing for a $200 million fraud scheme at his Iowa-based brokerage.

The U.S. Attorney's Office in Cedar Rapids, Iowa, filed paperwork asking Chief Judge Linda Reade to keep Peregrine Financial Group CEO Russ Wasendorf Sr. detained at the Linn County jail.

Prosecutors said Wasendorf, 64, presents a risk of fleeing abroad or committing suicide before his sentencing hearing, which has not been scheduled. He is likely to face a recommended sentence of 20 years to life in prison.

The filing came hours before Wasendorf was to appear in federal court in Cedar Rapids.

AIRLINES

Flight delays, planes stuckon tarmacs soared in July

NEW YORK — The number of long delays in July involving planes stuck on airport tarmacs was more than the previous eight months combined, the government said Monday.

Twenty eight planes were stuck on the ground at U.S. airports for more than three hours that month, the height of the summer travel season. Eighteen of those planes were operated by U.S. carriers.

From wire dispatches and staff reports