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• Wells Fargo Securities forms new markets division Tuesday, 16 Oct 2012 | 3:49 PM ET

  SAN FRANCISCO-- Wells Fargo is forming a new markets division within its investment banking business that aligns services for traders as the nation's biggest mortgage lender reckons with its bigger Wall Street counterparts. Wells Fargo& Co., which is based in San Francisco, is combining investment sales and trading operations under common leadership.

• Bill with child labor rule changes sent to Pa. gov Tuesday, 16 Oct 2012 | 3:12 PM ET

  HARRISBURG, Pa.-- A bill to revamp employment rules for children, particularly those working in entertainment, is on its way to the desk of Pennsylvania Gov. The House voted unanimously Tuesday in favor of the measure, which in many ways is patterned after California's law and brings Pennsylvania closer in line with federal rules.

• Picasso, Monets stolen in Dutch heist Tuesday, 16 Oct 2012 | 3:04 PM ET

  AMSTERDAM-- Thieves broke into a Rotterdam museum on Tuesday and walked off with works from the likes of Picasso, Monet, Gauguin and Matisse potentially worth hundreds of millions. "Those thieves got one hell of a haul," said Chris Marinello, who directs the Art Loss Register.

• Questcor rises after hedge fund discloses stake Tuesday, 16 Oct 2012 | 2:23 PM ET

  NEW YORK-- Share of Questcor Pharmaceuticals Inc. climbed Tuesday after the hedge fund Deerfield Management Co. disclosed a stake in the beleaguered company. THE SPARK: Deerfield President James Flynn disclosed ownership of 3.5 million Questcor shares, or a 5.8 percent stake in the Anaheim, Calif., drugmaker.

• Kythera Biopharma completes IPO of 5.1M shares Tuesday, 16 Oct 2012 | 2:19 PM ET

  NEW YORK-- Kythera Biopharmaceuticals Inc. said Tuesday that it has completed its initial public offering of 5.1 million shares. Kythera is based in Calabasas, Calif., company, and it is developing an injectable treatment for double chins called ATX-101. Shares of Kythera rose $2.63, or 12.7 percent, to $23.38 in afternoon trading.

• Court hears arguments in Calif. clean fuels case Tuesday, 16 Oct 2012 | 2:14 PM ET

  SAN FRANCISCO-- In a case seeking to stop California's first-in-the-nation mandate requiring fuel producers to reduce greenhouse gas emissions, federal justices on Tuesday focused their questions on whether the law discriminates against out-of-state businesses.

• Isis Pharma tumbles on Kynamro cancer concerns Tuesday, 16 Oct 2012 | 1:34 PM ET

  NEW YORK-- Shares of Isis Pharmaceuticals Inc. skidded Tuesday as regulators raised questions about links between the company's experimental cholesterol drug Kynamro and cancer. THE SPARK: Isis and its partner Genzyme will discuss Kynamro with a Food and Drug Administration advisory panel on Thursday.

• Tame US prices, more confident builders aid growth Tuesday, 16 Oct 2012 | 1:21 PM ET

  WASHINGTON-- The outlook for the U.S. economy brightened a little Tuesday after reports that consumer prices stayed tame and homebuilder confidence rose to the highest level in six years. It will be front and center Tuesday night when President Barack Obama and GOP challenger Mitt Romney meet at New York's Hofstra University for the second of three debates.

• Kings sign naming rights deal for arena Tuesday, 16 Oct 2012 | 11:15 AM ET

  SACRAMENTO, Calif.-- The Sacramento Kings will have a new name for their arena. The arena in Sacramento was called Power Balance Pavilion last season but the Kings were looking for a new partner after Power Balance filed for bankruptcy. The Kings' home opener this season is Nov. 5 against the Golden State Warriors.

• Health shift will affect 860,000 Calif. children Tuesday, 16 Oct 2012 | 10:59 AM ET

  Assemblyman Richard Pan, D- Sacramento, said he is concerned about the number of doctors willing to accept more Medi-Cal clients. State officials estimate that health providers will receive about 15 percent less under Medi-Cal, which is California's version of the federal Medicaid program for the poor.

• Mattel 3Q results beat expectations Tuesday, 16 Oct 2012 | 10:20 AM ET

  NEW YORK-- Mattel says that cost cuts and higher revenue from toys including Monster High dolls and Fisher-Price helped send net income up 22 percent in the third quarter, providing a bit of early holiday cheer for the largest U.S. toy maker.

• Marijuana backers courting conservatives Tuesday, 16 Oct 2012 | 10:19 AM ET

  DENVER-- It's not all hippies backing November's marijuana legalization votes in Colorado, Oregon and Washington.

• US homebuilder confidence at 6-year high Tuesday, 16 Oct 2012 | 10:02 AM ET

  LOS ANGELES-- Confidence among U.S. homebuilders remains at its highest level in six years, reflecting improved optimism over the strengthening housing market this year and a pickup in visits by prospective buyers to builders' communities.

• Gap announces management restructuring Tuesday, 16 Oct 2012 | 9:52 AM ET

  The change will put the North American, international, online, outlet and franchise divisions under a single global executive for each of the company's brands _ Gap, Banana Republic and Old Navy.

• Tina Fey, Amy Poehler to host Golden Globes Tuesday, 16 Oct 2012 | 8:53 AM ET

  The Hollywood Foreign Press Association, Dick Clark Productions and NBC announced Monday that the pair of "30 Rock" and " Parks and Recreation" stars have signed on to host the 70th annual Golden Globes ceremony after British comedian Ricky Gervais' three-year reign as the show's acerbic emcee.

• Final OKs given for Seattle arena deal Tuesday, 16 Oct 2012 | 8:52 AM ET

  SEATTLE-- The King County Council and the Seattle City Council gave their final approval Monday to an agreement to build a $490 million basketball and hockey arena in the city, despite the threat of a lawsuit from longshore workers. Mayor Mike McGinn called the votes important steps toward bringing professional men's basketball back to Seattle.

• American Girl helps Mattel 3Q results top view Tuesday, 16 Oct 2012 | 6:19 AM ET

  EL SEGUNDO, Calif.-- Strong sales of American Girl dolls and Fisher-Price toys helped boost Mattel's third-quarter results, setting the stage for the biggest U.S. toy maker ahead of the critical holiday season.

• Roche posts 7 percent rise in Q3 drug sales Tuesday, 16 Oct 2012 | 5:06 AM ET

  Shares in Roche Holding AG rose 0.38 percent to close at 184.60 francs on the Zurich exchange Tuesday. In a conference call with reporters, he declined to answer questions about whether Roche might reconsider its failed hostile bid of about $6.5 billion to acquire U.S. diagnostics firm Illumina Inc..

• Court to hear arguments in Calif. clean fuels case Tuesday, 16 Oct 2012 | 4:52 AM ET

  SAN FRANCISCO-- A federal appeals court will hear arguments in a case seeking to stop California's first-in-the-nation mandate requiring petroleum refiners and ethanol producers to make cleaner fuels for millions of cars and trucks in the state.

• Sprint suitor Son stands apart in sober Japan Tuesday, 16 Oct 2012 | 4:30 AM ET

  The unlikely success story of Softbank Corp. President Masayoshi Son has taken another leap with his latest mega-deal, announced Monday, to take a 70 percent stake in U.S. mobile phone carrier Sprint Nextel Corp. for $20 billion.