KABUL, Afghanistan— With Washington set to send billions of dollars in fresh aid to Afghanistan despite the military drawdown, the U.S. official in charge of auditing assistance programs says "it's not too late" to address the fraud and mismanagement that has bedeviled the 14- year effort to rebuild the country. To this day Afghanistan relies on foreign aid as it...» Read More
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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..
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.
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."
BOTHELL, Wash.-- Seattle Genetics Inc. said Tuesday that pharmaceutical giant Abbott Laboratories has agreed to pay $25 million plus potential milestone payments for the biotech firm's experimental antibodies to fight cancer.
Boeing fell$. 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 $69.38.
Baxter International Inc. fell$. 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.
LONDON-- Stocks suffered one of their worst sessions in weeks on Tuesday following another batch of weak U.S. corporate earnings and uncertainty over the outcome of the race for the White House. Downbeat updates on Tuesday from chemical company DuPont and manufacturer 3 M added to the uncertainty.
A divided Washington has done little to ease the misery. President Barack Obama wants to create jobs by keeping income taxes low for everyone but the wealthiest, and by spending more on public works as well as offering targeted tax breaks to businesses.
ROMNEY on Syria: "What I'm afraid of is we've watched over the past year or so, first the president saying, `Well, we'll let the U.N. deal with it.' And Assad _ excuse me, Kofi Annan _ came in and said we're going to try to have a cease-fire.
MILWAUKEE-- Auto parts and building equipment maker Johnson Controls Inc. said Monday that it expects to book a pretax charge between $225 million and $275 million in its fiscal fourth quarter, reflecting costs related to restructuring efforts.