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  • Potash lowers 2012, 3Q earnings expectations Wednesday, 17 Oct 2012 | 8:19 AM ET

    NEW YORK-- Fertilizer maker Potash Corp. of Saskatchewan Inc. said Wednesday that its full-year earnings will come in below the low end of its prior forecast mostly because of weaker-than-expected potash sales volumes due to contract delays. The Canadian company previously predicted earnings in a range of $2.80 to $3.20 per share.

  • Pawn shop chain First Cash 3Q profit up 3 percent Wednesday, 17 Oct 2012 | 8:13 AM ET

    ARLINGTON, Texas-- First Cash Financial Services Inc.' s third-quarter net income rose 3 percent as the company made more money from its pawn shops and fees and saw continued strength in Mexico.

  • Pfizer: Cancer drug narrowly misses study goal Wednesday, 17 Oct 2012 | 8:11 AM ET

    NEW YORK-- Pfizer Inc.' s advanced kidney cancer treatment Inlyta missed its main late-stage study goal when compared to another drug in patients who had not been treated for the disease.

  • US futures mixed ahead of housing report Wednesday, 17 Oct 2012 | 8:07 AM ET

    NEW YORK-- U.S. stock futures are mixed as the market digests a new round of earnings from major U.S. corporations like Bank of America, PepsiCo, and Halliburton. The Commerce Department releases its latest housing report Wednesday and economists expect that builders started construction on more homes in September than in August.

  • ExxonMobil Canada to buy Celtic Exploration Wednesday, 17 Oct 2012 | 8:06 AM ET

    The deal gives ExxonMobil Canada access to 649,000 acres in two shale formations, the Montney and Duvernay, as well as additional acreage in other parts of Alberta, the company said. Those include acres in the Inga area of British Columbia, the Grande Cache area of Alberta, and oil and gas properties in Karr, Alberta, the company said.

  • France to set up state-backed investment bank Wednesday, 17 Oct 2012 | 7:58 AM ET

    PARIS-- France is creating a new government-backed investment bank that will aim to spur economic growth by lending to small and medium-sized enterprises. Jean-Pierre Jouyet, the head of French state-owned financial institution CDC, has been named chairman of the new investment bank, known by its French intials BPI.

  • Disney announces weekly park surprises for 2013 Wednesday, 17 Oct 2012 | 7:56 AM ET

    NEW YORK-- Social media will be a big component of a new program announced by Disney Wednesday in which the company's parks in California and Florida will feature weekly surprise themes and events.

  • Wine experts: worst harvest in half a century Wednesday, 17 Oct 2012 | 7:47 AM ET

    BRUSSELS-- The European Union's farmers' union is warning that drought, cold and hail have conspired to produce the worst wine harvest for the region in up to half a century. Farmers union expert Thierry Coste said Wednesday that France's grape harvest is expected to slump by almost 20 percent compared to last year.

  • Ecolab selling vehicle care unit for $120 million Wednesday, 17 Oct 2012 | 7:43 AM ET

    ST. PAUL, Minn.-- Ecolab is selling its vehicle care operations to Zep Inc. for about $120 million in cash as part of its strategy to shed non-core businesses. Zep, based in Atlanta, makes cleaning and maintenance products and services for commercial, industrial, institutional and consumer markets.

  • Nike signs uniform deal with IOC Wednesday, 17 Oct 2012 | 7:29 AM ET

    The International Olympic Committee has signed a deal with U.S. sportswear giant Nike to supply uniforms and products to members and staff. IOC members will wear Nike outfits at the 2014 Winter Games in Sochi, Russia, and 2016 Summer Olympics in Rio de Janeiro, as well as various other meetings and events.

  • Halliburton 3Q profit falls on drilling slowdown Wednesday, 17 Oct 2012 | 7:28 AM ET

    NEW YORK-- Halliburton Co. said Wednesday its third-quarter net income fell 12 percent as drilling activity declined and costs rose in its core North American business. Halliburton is a major provider of hydraulic fracturing, or "fracking," services that unlock oil and natural gas from underground shale deposits.

  • Narrow profit for Bank of America, beating Street Wednesday, 17 Oct 2012 | 7:22 AM ET

    NEW YORK-- Bank of America said Wednesday that it narrowly turned a profit from July through September, good enough to beat Wall Street expectations. Profits were hurt largely because of a settlement with shareholders who accused the bank of misleading them when it decided in 2008 to purchase Merrill Lynch.

  • Oil rises on strong company earnings, Spain hopes Wednesday, 17 Oct 2012 | 7:22 AM ET

    Strong corporate earnings reports and hopes that Spain may be close to requesting a bailout to alleviate its debt crisis helped oil prices move higher above $92 a barrel on Wednesday. By early afternoon in Europe, benchmark oil for November delivery was up 24 cents at $92.33 a barrel in electronic trading on the New York Mercantile Exchange.

  • Bailed-out Portugal raises $2.4B in debt auction Wednesday, 17 Oct 2012 | 7:12 AM ET

    LISBON, Portugal-- Portugal managed to raise 1.85 billion in a debt auction Wednesday despite the country's bleak economic prospects and growing political tension over austerity policies.

  • PepsiCo's profit dips amid turnaround push Wednesday, 17 Oct 2012 | 7:10 AM ET

    NEW YORK-- PepsiCo Inc.' s net income dipped 5 percent in the third quarter, as the food and beverage maker poured more money into bolstering its flagship brands and developing new products that position it for the future.

  • Willis Group names Casserly CEO, effective Jan 7 Wednesday, 17 Oct 2012 | 7:09 AM ET

    Insurance broker Willis Group Holdings has named McKinsey& Co. senior partner Dominic Casserley its next CEO, starting Jan. 7. The London- based company also said Wednesday that Steve Hearn, 46, will serve as Willis Group deputy CEO.

  • Knight Capital posts 3Q loss on software glitch Wednesday, 17 Oct 2012 | 7:02 AM ET

    JERSEY CITY, N.J.-- Knight Capital Group Inc. reported a large loss in its third quarter because of the fallout from a disastrous software glitch. The glitch in Knight Capital's trading software, which occurred in August, flooded the market with erroneous trades. Knight Capital takes orders from big brokers like TD Ameritrade and E-Trade.

  • *Kosovo police clash with protesters in capital Wednesday, 17 Oct 2012 | 6:57 AM ET
  • Akzo Nobel CEO to return by end of year Wednesday, 17 Oct 2012 | 6:44 AM ET

    AMSTERDAM-- The chief executive of Akzo Nobel, the world's largest maker of paints by sales, will return to work by the end of this year, the company says.

  • Spanish hopes buoy markets ahead of EU summit Wednesday, 17 Oct 2012 | 6:37 AM ET

    However, rising speculation that Spain will soon ask for help to keep its borrowing costs down continues to shore up European markets, particularly in Madrid. The surprise decision late Tuesday by Moody's to maintain its credit rating on Spain has also helped shore up sentiment.