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  • Hurricane Paul races toward Baja peninsula Tuesday, 16 Oct 2012 | 3:59 PM ET

    LOS CABOS, Mexico-- Hurricane Paul weakened to a Category 1 storm as it raced toward landfall Tuesday on a sparsely populated stretch of Mexico's southern Baja peninsula.

  • Va manufacturing research center gets new member Tuesday, 16 Oct 2012 | 3:57 PM ET

    PRINCE GEORGE, Va.-- An advanced manufacturing research center in Virginia's Prince George County is getting a new partner. Officials say Hermle Machine Company has joined the Commonwealth Center for Advanced Manufacturing as an industry member.

  • News Summary: Coca-Cola profit up as sales grow Tuesday, 16 Oct 2012 | 3:53 PM ET

    PROFIT POPS: The Coca-Cola Co. says its profit rose 4 percent in the third quarter, although revenue came in shy of Wall Street expectations. FOREX FALLS FLAT: The company's revenue rose 1 percent for the period as it was hit by unfavorable currency exchange rates.

  • Wells Fargo Securities forms new markets division Tuesday, 16 Oct 2012 | 3:49 PM ET

    SAN FRANCISCO-- Wells Fargo is forming a new markets division within its investment banking business that aligns services for traders as the nation's biggest mortgage lender reckons with its bigger Wall Street counterparts. Wells Fargo& Co., which is based in San Francisco, is combining investment sales and trading operations under common leadership.

  • News Summary: Squirrel boom frustrates farmers Tuesday, 16 Oct 2012 | 3:49 PM ET

    NUTS ABOUT FRUIT: A mild winter and a bumper crop of nuts have caused an explosion in the squirrel population in parts of the country, besieging fruit growers with their ravenous appetites, littering highways as roadkill, and keeping pest control experts busy.

  • News Summary: Price of cocoa surges 3 percent Tuesday, 16 Oct 2012 | 3:47 PM ET

    SWEET TOOTH: The price of cocoa surged 3 percent as new, positive signs for the U.S. economy are raising hopes that consumers may splurge on more chocolate confections in the months ahead. BRIGHT SPOTS: New reports showed consumer price increases were tame in September. Builder confidence improved in October.

  • Tenet Healthcare closes offering of $800M in notes Tuesday, 16 Oct 2012 | 3:45 PM ET

    DALLAS-- Tenet Healthcare Corp. said Tuesday that it completed its private offering of $500 million of its 4.75 percent senior secured notes due 2020 and $300 million of its 6.75 percent senior notes due 2020.. The Dallas- based hospital operator plans to use the proceeds to buy its 7.375 percent senior notes due 2013 through a tender offer.

  • News Summary: Stocks rise on Tuesday Tuesday, 16 Oct 2012 | 3:44 PM ET

    ANOTHER UP DAY: Stocks rose for the second day in a row, helped by stronger-than-expected earnings from companies including Mattel and Goldman Sachs. ECONOMIC NEWS: The government said September inflation was low, with most increases because of gasoline prices, which have come down since then.

  • Pa. Supreme Court hears Marcellus Shale case Tuesday, 16 Oct 2012 | 3:44 PM ET

    PITTSBURGH-- Pennsylvania's Supreme Court heard arguments Tuesday in a natural gas case that could create chaos for major energy companies and thousands of leaseholders. The Powers estate claims that the reference to "minerals" in the old deed gives them part ownership of the natural gas locked in the Marcellus Shale under the property.

  • Coca-Cola to launch 'beauty drinks' in France Tuesday, 16 Oct 2012 | 3:42 PM ET

    NEW YORK-- The Coca-Cola Co. and Sanofi are partnering to launch a line of "beauty drinks" in France. The Coca-Cola business unit in France said in a statement that the drinks will be sold in a "small scale pilot" limited to a number of pharmacies in the country.

  • Cocoa surges 3 percent on hopes of better demand Tuesday, 16 Oct 2012 | 3:37 PM ET

    Cocoa for December delivery rose $64 to finish Tuesday at $2,418 per metric ton. Looking ahead, we're looking for demand to steadily increase, " Vision Financial Group analyst Boyd Cruel said. In addition, the National Association of Home Builders said its survey of builder confidence rose in October to the highest level since June 2006.

  • Hunters: 4 wolves killed in Wisconsin in 24 hours Tuesday, 16 Oct 2012 | 3:32 PM ET

    MADISON, Wis.-- Hunters shot and killed at least four wolves in the opening 24 hours of Wisconsin's first organized wolf hunt, the state Department of Natural Resources said Tuesday. Another hunter in Vilas County took a female at 8:30 a.m. A third hunter killed a female at 4:30 p.m. in Iron County and a fourth killed a male at 6:15 p.m. in Eau Claire County.

  • Interest concerns weigh on PNC shares after 3Q Tuesday, 16 Oct 2012 | 3:31 PM ET

    BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.

  • Northern Trust adds Prado to board Tuesday, 16 Oct 2012 | 3:26 PM ET

    CHICAGO-- Northern Trust Corp. said Tuesday that it added Jose Luis Prado, president of Quaker Oats North America, to its board. Prado has been head of Quaker Oats North America, a division of PepsiCo Inc., since 2011. He has held a number of leadership positions at PepsiCo since 1984..

  • W.Va. unemployment rate rises in September Tuesday, 16 Oct 2012 | 3:21 PM ET

    CHARLESTON, W.Va.-- West Virginia's seasonally adjusted unemployment rate rose one-tenth of a percentage point to 7.6 percent in September. WorkForce West Virginia said Tuesday that total employment fell by 3,200. The job losses included 2,100 in the service-providing sector and 1,100 in the goods-producing sector.

  • At a glance: Oil ends higher amid mixed data Tuesday, 16 Oct 2012 | 3:21 PM ET

    On the New York Mercantile Exchange:. _ Benchmark U.S. crude ended up 24 cents to $92.09 a barrel in New York. _ Natural gas lost 5 cents to $3.44 per 1,000 cubic feet.

  • Titan to buy trio of Toner's dealerships Tuesday, 16 Oct 2012 | 3:19 PM ET

    WEST FARGO, N.D.-- Titan Machinery Inc. said Tuesday that it reached a deal to buy Toner's Inc., which includes three CaseIH agricultural equipment dealerships in Nebraska. The trio also offers cost savings opportunities with Titan's existing stores in a nearby Nebraska town, the company said.

  • Proxy firms support Eaton acquisition of Cooper Tuesday, 16 Oct 2012 | 3:14 PM ET

    CLEVELAND-- Diversified manufacturer Eaton Corp. said Tuesday that three major independent proxy advisory firms have recommended that Eaton shareholders vote in favor of the company's pending acquisition of Cooper Industries plc.

  • On the Call: UnitedHealth CEO Stephen J. Hemsley Tuesday, 16 Oct 2012 | 3:12 PM ET

    UnitedHealth Group Inc. and other health insurers have been preparing for the health care overhaul for a few years now, but the massive law's future is clouded by next month's presidential elections.

  • Bill with child labor rule changes sent to Pa. gov Tuesday, 16 Oct 2012 | 3:12 PM ET

    HARRISBURG, Pa.-- A bill to revamp employment rules for children, particularly those working in entertainment, is on its way to the desk of Pennsylvania Gov. The House voted unanimously Tuesday in favor of the measure, which in many ways is patterned after California's law and brings Pennsylvania closer in line with federal rules.