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  • NC high court weighs status of video sweepstakes Wednesday, 17 Oct 2012 | 11:56 AM ET

    RALEIGH, N.C.-- North Carolina's highest court is deciding whether the state can outlaw video sweepstakes parlors as gambling halls, or whether the video screens give the owners constitutional free-speech rights.

  • EU mulls ways to reduce use of food-based biofuel Wednesday, 17 Oct 2012 | 11:55 AM ET

    BRUSSELS-- Europe is considering limiting the amount of food-based biofuels that can count toward its renewable fuel targets while a drought in the U.S. has pushed up food prices worldwide and millions around the world go hungry.

  • *Loan growth boosts US Bancorp's net income in 3Q Wednesday, 17 Oct 2012 | 11:54 AM ET
  • Stocks are mostly higher on housing market news Wednesday, 17 Oct 2012 | 11:54 AM ET

    A surprisingly strong housing report is pushing the stock market mostly higher even as weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average. IBM's sales fell below Wall Street's expectations, and Intel warned that sales of personal computers will likely remain weak during the holiday season.

  • News Summary: Bank of England divided on stimulus Wednesday, 17 Oct 2012 | 11:49 AM ET

    LESS STIMULATING: The likelihood that the Bank of England might approve more economic stimulus next month decreased on Wednesday as rate-setters disagreed on the program's effectiveness.

  • Uruguay Senate engages in final abortion debate Wednesday, 17 Oct 2012 | 11:47 AM ET

    MONTEVIDEO, Uruguay-- Senators in Uruguay were debating Wednesday whether to legalize abortion, a groundbreaking step in Latin America, by accepting a compromise measure that has frustrated both sides of the bitter abortion debate.

  • Sector Snap: Housing Wednesday, 17 Oct 2012 | 11:40 AM ET

    NEW YORK-- The shares of at least four homebuilders hit new highs and construction materials companies got a boost as well Wednesday from the release of a new report showing that U.S. builders started construction on homes in September at the fastest rate since July 2008, another sign of a recovering housing market.

  • *NYC's Rainbow Room gets landmark status Wednesday, 17 Oct 2012 | 11:35 AM ET
  • Hollywood costumes exhibition opens in London Wednesday, 17 Oct 2012 | 11:35 AM ET

    LONDON-- A new London exhibition has brought together more than 100 Hollywood costumes, from Darth Vader's suit to the world's most famous ruby slippers.

  • Can 'Cloud Atlas' survive Hollywood reincarnation? Wednesday, 17 Oct 2012 | 11:33 AM ET

    LOS ANGELES-- Susan Sarandon reported for work on "Cloud Atlas" midway through the shoot, in time to see a collection of far-flung film scenes that the cast and crew were viewing.

  • Fiber optics maker expanding in South Carolina Wednesday, 17 Oct 2012 | 11:30 AM ET

    DUNCAN, S.C.-- A company that makes fiber optic products is expanding its operations in South Carolina's Spartanburg County. AFL announced Wednesday that it would invest $8.6 million to expand its presence in Duncan, creating 95 new jobs.

  • Arkansas: New recycling plant to employ up to 350 Wednesday, 17 Oct 2012 | 11:29 AM ET

    ROGERS, Ark.-- A new $10 million plastics recycling facility is planned for Rogers, Ark. and the company says it will hire up to 350 workers. Nextlife Asset Recovery Services announced Wednesday that it will open a headquarters and processing plant and that it will supply several companies with resin that's used to manufacture new consumer plastic items.

  • *India's top court lifts ban on tiger tourism Wednesday, 17 Oct 2012 | 11:28 AM ET
  • Betaspring, universities to boost entrepreneurship Wednesday, 17 Oct 2012 | 11:27 AM ET

    PROVIDENCE, R.I.-- A Providence- based start-up incubator said Wednesday it is partnering with two local universities and the business community in an effort to boost entrepreneurship in Rhode Island, where the economy continues to struggle.

  • Nabi says nicotine vaccine fails again Wednesday, 17 Oct 2012 | 11:26 AM ET

    ROCKVILLE, Md.-- Nabi Biopharmaceuticals Inc. said Wednesday that its anti-smoking vaccine NicVAX failed in another clinical trial, as a combination of NicVAX and Pfizer's smoking-cessation pill Chantix was no better than Chantix alone in helping patients quit. Nabi has been developing the drug through a partnership with GlaxoSmithKline PLC.

  • St. Jude 3Q earnings decline but beat estimates Wednesday, 17 Oct 2012 | 11:25 AM ET

    ST. PAUL, Minn.-- Medical device maker St. Jude Medical Inc. reported third-quarter earnings Wednesday that beat expectations, though company shares slumped as the executives warned that the company could receive a regulatory warning over a California manufacturing plant.

  • News Summary: ASML bids for US light beam maker Wednesday, 17 Oct 2012 | 11:17 AM ET

    THE OFFER: ASML Holding NV, the Dutch chip-making equipment supplier, bid $2.55 billion for California company Cymer Inc.. THE ACQUIRER: ASML uses such beams in machines to trace out the circuits of computer chips. Its customers include Intel, Samsung and Taiwan Semiconductor Manufacturing, all of whom own stakes in ASML.

  • Grains futures mostly rise; livestock prices mixed Wednesday, 17 Oct 2012 | 11:15 AM ET

    CHICAGO-- Grain prices rose Wednesday in early trading on the Chicago Board of Trade. Wheat for December delivery rose 3.25 cents to $8.51 per bushel; December corn gained 0.75 cent to $7.39 per bushel; December oats were unchanged at $3.9225 per bushel and November soybeans increased 4.25 cents to $14.98 per bushel.

  • *More Italians are turning to charity for help Wednesday, 17 Oct 2012 | 11:13 AM ET
  • News Summary: Spain says bailout decision imminent Wednesday, 17 Oct 2012 | 11:09 AM ET

    COUNTING DOWN: The Spanish government will decide within the next few weeks whether to ask for outside financial help, noting it might opt for a precautionary line of credit instead of bailout cash.