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  • Spainish economy continued to shrink in Q3 Tuesday, 23 Oct 2012 | 2:03 PM ET

    MADRID-- Spain's economy continued to shrink in the third quarter, contracting by 0.4 percent compared with the previous three months, according to central bank estimates Tuesday that will increase pressure on Prime Minister Mariano Rajoy to seek financial help from Europe. This is the fifth quarter in a row that Spain's economic output has contracted.

  • American Eagle keeps profit view, shares stumble Tuesday, 23 Oct 2012 | 1:59 PM ET

    NEW YORK-- Shares of American Eagle Outfitters tumbled Tuesday, after the teen retailer's profit prediction for the current quarter disappointed investors. THE SPARK: American Eagle Outfitters said it's on track to meet its previous fiscal third-quarter profit prediction of 37 cents or 38 cents per share.

  • Chemical makers fall on DuPont weak results Tuesday, 23 Oct 2012 | 1:58 PM ET

    DuPont reported that it made $10 million, or a penny per share, for the quarter versus $452 million, or 48 cents per share, a year ago. DuPont cited a number of reasons for the weak quarter, including softer demand for a specialty chemical and an unstable solar products market. DuPont shares fell $4.46, or 9 percent, to $45.30 in afternoon trading.

  • Moody's raises some Reynolds American ratings Tuesday, 23 Oct 2012 | 1:52 PM ET

    NEW YORK-- Moody's Investors Service raised the senior unsecured ratings of Reynolds American Inc. on Tuesday, on expectations that the tobacco company's profits will continue to improve. Moody's increased the senior unsecured ratings of Reynolds American and subsidiary R.J. Reynolds Tobacco Holdings one notch in investment grade status to "Baa2" from "Baa3."

  • 4th bankruptcy in Perry's tech fund adds to losses Tuesday, 23 Oct 2012 | 1:50 PM ET

    AUSTIN, Texas-- A fourth Texas high-tech startup that received taxpayer dollars through Gov.

  • WHY IT MATTERS: Campaign finance Tuesday, 23 Oct 2012 | 1:46 PM ET

    Both President Barack Obama and Republican Mitt Romney benefit from current campaign finance rules. Those groups can raise unlimited cash to help them win the White House this November.

  • Earnings Preview: United Continental Holdings Tuesday, 23 Oct 2012 | 1:46 PM ET

    CHICAGO-- United Continental Holdings Inc., the parent of United Airlines, reports third-quarter results on Thursday after a tough spring and summer spent trying to absorb Continental Airlines. When Southwest Airlines reported results last week, it said it needed sales to lure business travelers in September, but that things picked up in October.

  • Churchill Downs completes $141M acquisition Tuesday, 23 Oct 2012 | 1:39 PM ET

    LOUISVILLE, Ky.-- Churchill Downs has completed its approximately $141 million acquisition of a Mississippi casino and hotel.

  • US may soon become world's top oil producer Tuesday, 23 Oct 2012 | 1:34 PM ET

    NEW YORK-- U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer. The Energy Department forecasts that U.S. production of crude and other liquid hydrocarbons, which includes biofuels, will average 11.4 million barrels per day next year.

  • Earnings Preview: Amazon 3Q revenue likely to grow Tuesday, 23 Oct 2012 | 1:29 PM ET

    NEW YORK-- Amazon.com is expected to post yet another double-digit revenue increase when it reports its third-quarter results Thursday. WHAT TO WATCH FOR: Amazon's forecast for the current quarter will be important.

  • Greek junior government party blocks reforms deal Tuesday, 23 Oct 2012 | 1:25 PM ET

    ATHENS, Greece-- A junior partner in Greece's governing coalition has refused to lift its opposition to a new package of austerity measures, which bailout creditors have been demanding for months in exchange for more rescue loans.

  • News Summary: Roche probed over lack of reports Tuesday, 23 Oct 2012 | 1:24 PM ET

    SERIOUS CHARGE: Europe's top drug regulator is taking action against pharmaceutical giant Roche for allegedly failing to properly report the side effects of 19 drugs being used by U.S. patients. The regulator added there was no evidence that users of Roche's drugs were at risk.

  • News Summary: Iraq, South Korea in pipeline deal Tuesday, 23 Oct 2012 | 1:22 PM ET

    PIPELINE DEAL: Iraq signed a $127.5 million deal with South Korea's KOGAS to build two key gas pipelines in northern Iraq as Baghdad takes steps to develop a modern infrastructure that meets growing energy needs.

  • Molex 1Q net income slips on economic concerns Tuesday, 23 Oct 2012 | 1:18 PM ET

    LISLE, Ill.-- Electronic components and cables maker Molex Inc. said Tuesday that its net income sank 11 percent in its fiscal first quarter because of the weak global economy. Analysts expected Molex to report income of 40 cents per share and $920 million in revenue, according to FactSet.

  • Applied Industrial Technologies 1Q net rose 12 pct Tuesday, 23 Oct 2012 | 1:15 PM ET

    CLEVELAND-- Manufacturing parts and services provider Applied Industrial Technologies Inc. said on Tuesday that its fiscal first-quarter net income rose almost 12 percent as revenue grew and some expenses fell.

  • Correction: SmallBiz-Small Talk Tuesday, 23 Oct 2012 | 1:12 PM ET

    NEW YORK-- In a story Oct. 17 about small business owners who are government contractors, The Associated Press reported erroneously that Amber Peebles, co-owner of a construction company, was wounded during Operation Desert Storm in 1991. Peebles, a Marine at the time, was injured in a service-related accident in the U.S. on May 13, 1991.

  • Items from Schilling's co. hit RI auction block Tuesday, 23 Oct 2012 | 1:11 PM ET

    PROVIDENCE, R.I.-- An auction of items from former Red Sox pitcher Curt Schilling's failed video game company has begun, with early bidders snatching up swords, lamps and even a wheelchair left behind when 38 Studios collapsed. Rhode Island lured 38 Studios from Massachusetts with a $75 million loan guarantee.

  • The top iPhone and iPad apps on App Store Tuesday, 23 Oct 2012 | 1:10 PM ET

    App Store Official Charts for the week ending Oct. 22, 2012:. 4. Minecraft _ Pocket Edition. 2. Minecraft _ Pocket Edition.

  • Gov't to examine technology for automated cars Tuesday, 23 Oct 2012 | 1:10 PM ET

    David Strickland, head of the National Highway Traffic Safety Administration, told an automotive gathering that automated vehicles are the next "evolutionary step" in safety technology. He said his agency has held extensive discussions with automakers and Google about what needs to happen before automated cars can be safely introduced to consumers.

  • WHY IT MATTERS: Taxes Tuesday, 23 Oct 2012 | 1:10 PM ET

    Just about every U.S. taxpayer is facing a significant tax increase next year, unless Congress and the White House can agree on a plan to extend a huge collection of tax cuts that expires at the end of the year.