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  • WHY IT MATTERS: Income inequality Tuesday, 23 Oct 2012 | 12:37 AM ET

    And it sparked the Wall Street protests that spread to other cities in the country. President Barack Obama would raise taxes on households earning more than $250,000 a year, plus set a minimum tax rate of 30 percent for those who earn $1 million or more.

  • South Dakota cattle on feed down from a year ago Tuesday, 23 Oct 2012 | 12:35 AM ET

    SIOUX FALLS, S.D.-- South Dakota feedlots with capacities of 1,000 or more head had 195,000 cattle on feed for the slaughter market as of Oct. 1. The Agriculture Department says the inventory is down 10,000 head over the year but up 10,000 head over the month.

  • News Summary: NY top court says lap dance taxable Tuesday, 23 Oct 2012 | 12:34 AM ET

    NOT ART: Lap dances are taxable because they don't promote culture in a community the way ballet or other artistic endeavors do, New York's highest court concluded Tuesday in a sharply divided ruling.

  • *Gentex 3Q net income falls, revenue dips Tuesday, 23 Oct 2012 | 12:29 AM ET
  • UPS says consumers driving shipping growth Tuesday, 23 Oct 2012 | 12:28 AM ET

    UPS said it predicts earnings of $4.55 to $4.65 per share, compared with its earlier forecast of $4.50 to $4.70. The new outlook indicates that earnings in the fourth quarter will exceed Wall Street expectations. For the three months ending in September, United Parcel Service Inc.' s net income fell 56 percent to $469 million, or 48 cents per share.

  • Peabody shares fall on Goldman Sachs downgrade Tuesday, 23 Oct 2012 | 12:28 AM ET

    Peabody Energy Corp.' s shares fell in trading Tuesday after a Goldman Sachs analyst downgraded his rating on the coal company after a recent rally in its stock price.

  • Recall news Tuesday, 23 Oct 2012 | 12:27 AM ET

    DETAILS: JELD-WEN and Reliabilt Interior Bifold Doors manufactured by JELD-WEN, Inc. of Klamath Falls, Ore.; sold at Home Depot, Lowe's and other retailers between February 2011 and March 2012. The interior bifold doors were manufactured in the United States.

  • Penney offers free family portraits for holidays Tuesday, 23 Oct 2012 | 12:24 AM ET

    J.C. Penney Co. said Tuesday that for the entire month of November families can have a portrait done for free. The free portrait service is available at 530 Penney stores that have portrait studios. Penney operates more than 1,100 stores.

  • WHY IT MATTERS: Civil Rights Tuesday, 23 Oct 2012 | 12:23 AM ET

    In areas such as mortgages, voter identification and immigration enforcement, the presidential candidates differ over how to use laws that guarantee equality and how far the Justice Department's civil rights division, which exerts strong influence on issues of race and ethnicity, should go to ensure all Americans are treated fairly.

  • Gates' give $500,000 in support of gay marriage Tuesday, 23 Oct 2012 | 12:20 AM ET

    OLYMPIA, Wash.-- Bill and Melinda Gates have donated $500,000 to the campaign to uphold Washington state's gay marriage law. The donation was announced Tuesday by Washington United for Marriage, which is working to approve Referendum 74. The donation was made on Oct. 15, but didn't publicly post online with the Public Disclosure Commission until Tuesday.

  • MicroStrategy shares fall on management shakeup Tuesday, 23 Oct 2012 | 12:19 AM ET

    NEW YORK-- Shares of MicroStrategy Inc. fell Tuesday after the business software company shuffled its managerial ranks, prompting at least one analyst to cut his rating for the company.

  • Sector Snap: Analyst lowers hospital estimates Tuesday, 23 Oct 2012 | 12:18 AM ET

    NEW YORK-- A Raymond James analyst lowered his third-quarter estimates for three hospital operators on Tuesday, saying it looks like patient admissions will be lower than he expected.

  • Manchester United to open office in United States Tuesday, 23 Oct 2012 | 12:17 AM ET

    LONDON-- Manchester United will open an office in the United States to target commercial sponsors. Vice chairman Ed Woodward said Tuesday the record 19- time English champions will open the office on the East Coast as they look to raise more cash to reduce the club's debt.

  • Israel's premier vows to build in Jerusalem Tuesday, 23 Oct 2012 | 12:15 AM ET

    JERUSALEM-- Israel's prime minister vowed Tuesday to continue building in a contested Jerusalem district, just days after European Union criticism of Jewish housing there. Netanyahu said Jerusalem is " Israel's eternal capital" during the visit to Gilo and said Israel has every right to build there.

  • Rodriguez's celeb friends kick off Kohl's launch Tuesday, 23 Oct 2012 | 12:12 AM ET

    Perhaps that's why famous pals Katie Holmes and Julianna Margulies joined Narciso Rodriguez as he launched a limited-edition collection with a more affordable national retailer. Holmes walked the red carpet at the launch party Monday in New York for Rodriguez's line for Kohl's Corp..

  • Regions Financial shares drop as yields shrink Tuesday, 23 Oct 2012 | 12:11 AM ET

    BIRMINGHAM, Ala.-- Regions Financial Corp. on Tuesday posted sharply higher third-quarter earnings, as the regional bank set aside less cash to cover loan losses. Regions reported net income of $301 million, or 21 cents per share, for the three months ended Sept. 30.

  • Health care REITs pressured on Medicare cost issue Tuesday, 23 Oct 2012 | 12:11 AM ET

    BOSTON-- Shares of companies that own Medicare- supported health care facilities fell on Tuesday after an analyst reduced ratings on two of the stocks, citing the potential for cuts to the federal health program. Jefferies& Co. analyst Omotayo Okusanya cut his ratings of Ventas Inc. and Omega Healthcare Investors Inc. to "Hold" from "Buy."

  • Seattle Genetics expands collaboration with Abbott Tuesday, 23 Oct 2012 | 12:10 AM ET

    BOTHELL, Wash.-- Seattle Genetics Inc. said Tuesday that pharmaceutical giant Abbott Laboratories has agreed to pay $25 million plus potential milestone payments for the biotech firm's experimental antibodies to fight cancer.

  • Early Glance: Aerospace companies Tuesday, 23 Oct 2012 | 12:10 AM ET

    Boeing fell$. 69 or. 9 percent, to $73.01. Lockheed Martin Corp. fell $1.16 or 1.3 percent, to $91.61. Northrop Grumman Corp. fell$. 82 or 1.2 percent, to $69.38.

  • Early Glance: Pharmaceuticals companies Tuesday, 23 Oct 2012 | 12:10 AM ET

    Baxter International Inc. fell$. 82 or 1.3 percent, to $61.16. Bristol-Myers Squibb Co. fell$. 68 or 2.0 percent, to $33.36. Johnson& Johnson fell$. 82 or 1.1 percent, to $70.96.