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  • 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.

  • Xcel's Prairie Island unit down for maintenance Tuesday, 23 Oct 2012 | 1:09 PM ET

    RED WING, Minn.-- One of the two units at Xcel Energy Inc.' s Prairie Island nuclear power plant near Red Wing is temporarily out of service. Xcel says about 600 contractors are helping Prairie Island staff do maintenance tasks and replace one-third of the unit's fuel. Each of the two reactors at Prairie Island is refueled about once every 18 months.

  • Ameristar unveils proposed casino for Mass. Tuesday, 23 Oct 2012 | 1:06 PM ET

    SPRINGFIELD, Mass.-- Ameristar Casinos Inc. has unveiled plans for a $900 million- plus casino at a former industrial site in Springfield, Mass.. The Ameristar plan announced Tuesday includes 150,000 square feet of gambling space, a 500- room hotel, multiple restaurants and a spa on a former Westinghouse Electric site it owns near Interstate 291.

  • The top 10 songs and albums on the iTunes Store Tuesday, 23 Oct 2012 | 1:04 PM ET

    2. "State of Grace," Taylor Swift. 3. "I Knew You Were Trouble," Taylor Swift. 8. "We Are Never Ever Getting Back Together," Taylor Swift.

  • Business events scheduled for Wednesday Tuesday, 23 Oct 2012 | 1:04 PM ET

    WASHINGTON _ Commerce Department releases new home sales for September, 10 a.m.. WASHINGTON _ Federal Reserve policymakers meet to set interest rates. BERLIN _ Germany's Ifo institute releases its monthly index of business confidence, a closely watched indicator for Europe's biggest economy.

  • WHY IT MATTERS: 1 new justice could change a lot Tuesday, 23 Oct 2012 | 1:01 PM ET

    With four justices in their seventies, odds are good that whoever is elected president in November will have a chance to fill at least one Supreme Court seat.

  • Fans still wild for Stones at new doc premiere Tuesday, 23 Oct 2012 | 1:01 PM ET

    LONDON-- Keith Richards has had a lot of rock `n' roll moments.

  • *Gold Fields fires 8,500 South African miners Tuesday, 23 Oct 2012 | 1:00 PM ET
  • AstraZeneca, Ironwood partner on IBS drug in China Tuesday, 23 Oct 2012 | 11:58 AM ET

    British drug giant AstraZeneca PLC and a small U.S. drug developer, Ironwood Pharmaceuticals Inc., said Tuesday that they are teaming up to develop and then market Ironwood's new drug for irritable bowel syndrome in China.