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  • On the Call: Halliburton CEO Dave Lesar Wednesday, 17 Oct 2012 | 12:40 AM ET

    Halliburton Co. said Wednesday that a decline in revenue in its core North America market was largely responsible for a 12 percent decline in third-quarter profit. Dave Lesar, CEO of the oil services company, said the next couple of quarters could be "pretty bumpy" in North America, where low natural gas prices have caused some customers to pull back on production.

  • Texas Comptroller: Rainy Day Fund climbs to $8.1B Wednesday, 17 Oct 2012 | 12:40 AM ET

    AUSTIN, Texas-- The balance in Texas' Rainy Day Fund is climbing to $8.1 billion. A director from the Texas comptroller's office Wednesday told lawmakers the state's emergency savings account is expected to hit that number when nearly $2 billion in anticipated oil and gas tax collections is transferred into the fund next month.

  • NY brothers wait years to claim $5M lottery prize Wednesday, 17 Oct 2012 | 12:36 AM ET

    SYRACUSE, N.Y.-- Two brothers from central New York have claimed a $5 million lottery prize for a scratch-off ticket they bought at their parents' Syracuse store six years ago, state officials said.

  • Northern Trust 3Q profit rises 5 percent Wednesday, 17 Oct 2012 | 12:34 AM ET

    CHICAGO-- Northern Trust Corp. said Wednesday that its third-quarter net income rose 5 percent due to higher fees from clients for managing their money. The wealth management firm, which is based in Chicago, earned $178.8 million, or 73 cents per share, in the three months through Sept. 30, up from $170.4 million, or 70 cents per share, in the same quarter last year.

  • Review: Technology helps with fitness goals Wednesday, 17 Oct 2012 | 12:26 AM ET

    RICHMOND, Va.-- Many of us know firsthand that losing weight and staying fit can be tough. For me, I started a journey a little over a year ago to get in better shape before my 30th birthday.

  • Oil falls slightly after report shows supplies up Wednesday, 17 Oct 2012 | 12:24 AM ET

    Oil gave up early gains and hovered around $92 per barrel on Wednesday after the government reported a bigger-than-expected increase in U.S. crude supplies. In midday trading on Wednesday, oil was down 7 cents to $92.02 per barrel on the New York Mercantile Exchange.

  • On the Call: Bank of America CFO Bruce Thompson Wednesday, 17 Oct 2012 | 12:22 AM ET

    Bank of America, like other banks, is facing anger from some investors who bought its mortgages in the run-up to the financial crisis. Wednesday, Bank of America reported that outstanding repurchase claims from investors jumped to more than $25 billion from $10 billion a year ago.

  • Analyst sees benefits to Johnson Controls deal Wednesday, 17 Oct 2012 | 12:21 AM ET

    NEW YORK-- An analyst says that Johnson Controls' agreement to buy battery maker A123 Systems' automotive assets is a good strategic fit and gives it access to new lithium ion battery technology. Johnson Controls Inc., an auto parts and building equipment maker, plans to keep A123 plants open and sell the company's lithium-ion battery technology.

  • PepsiCo profit dips; more ads, new products on tap Wednesday, 17 Oct 2012 | 12:14 AM ET

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

  • Bank of America says housing has 'begun to turn' Wednesday, 17 Oct 2012 | 12:12 AM ET

    Bank of America, the country's second-biggest bank, reported Wednesday that mortgage originations jumped over a year ago _ up 18 percent to $21 billion. Bank of America's chief financial officer said Wednesday he thought the housing market had turned, noting that home prices are rising more consistently.

  • Knoll says demand fell in 3Q Wednesday, 17 Oct 2012 | 12:09 AM ET

    EAST GREENVILLE, Pa.-- Knoll Inc. said Wednesday that its third-quarter net income fell 34 percent as revenue declined on weak demand. The iconic furniture maker reported Wednesday that it earned $12.2 million, or 26 cents per share, for the quarter that ended Sept. 30. That's compared with $18.4 million, or 39 cents per share, in the same quarter last year.

  • Female executive returns home for Indian GP Wednesday, 17 Oct 2012 | 12:05 AM ET

    NEW DELHI-- The first woman to lead a Formula One team has another reason to look forward to the Indian Grand Prix next week _ it's in her home country. The 41- year-old Monisha Kaltenborn was promoted from Sauber's chief executive to its team principal last week. Her main focus is ensuring the Switzerland- based team improves on its four podium finishes this season.

  • After Pandit, a smaller Citi could get smaller yet Wednesday, 17 Oct 2012 | 12:04 AM ET

    In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank. It trails JPMorgan Chase, with $2.3 trillion, and Bank of America, with $2.1 trillion.

  • Polish officials scramble to explain roof fiasco Wednesday, 17 Oct 2012 | 12:04 AM ET

    WARSAW, Poland-- Officials in Poland are scrambling to explain why they failed to close the stadium roof and prevent the country's World Cup qualifier with England being postponed by a waterlogged pitch. Heavy rain on Tuesday left pools of water on the field at the $600 million National Stadium, which has a retractable roof.

  • Limits on Twitter before games for England players Wednesday, 17 Oct 2012 | 12:04 AM ET

    England defender Ashley Cole is facing an FA fine because of a vulgar tweet. The England team code of conduct spells out how players can be stripped of the captaincy if they are deemed to fail as a "role model," highlighting how the job carries "expectation and responsibility."

  • SEC proposes capital rules for derivatives traders Wednesday, 17 Oct 2012 | 12:04 AM ET

    The financial overhaul law passed in 2010 called for new oversight of derivatives, the complex investments blamed for hastening the financial crisis, and required the SEC to write the rules.

  • Sonic shares rise after stronger 4Q Wednesday, 17 Oct 2012 | 12:03 AM ET

    NEW YORK-- Shares of Sonic Corp. advanced Wednesday after the company said its net income rose 18 percent in its fiscal fourth quarter, helped by tighter cost controls at its drive-in restaurants. THE SPARK: The Oklahoma City company's earnings beat Wall Street expectations.

  • SF, South Florida, Houston bid for Super Bowls Wednesday, 17 Oct 2012 | 12:01 AM ET

    CHICAGO-- Houston, San Francisco and South Florida are bidding for the 2016 and 2017 Super Bowls. NFL owners will vote next May between San Francisco _ the 49 ers are building a new stadium in Santa Clara, Calif., _ and South Florida for the 50th Super Bowl in 2016. The loser of that race will then compete with Houston for hosting the 2017 game.

  • Vikings to host Steelers in London next year Wednesday, 17 Oct 2012 | 12:00 AM ET

    CHICAGO-- The NFL is doubling down on London. The league announced Tuesday that the Minnesota Vikings will host the Pittsburgh Steelers at London's Wembley Stadium on Sept. 29, 2013. This is the first time the NFL will play two regular-season games in London in the same season.

  • Asia stocks up on US earnings, Spain speculation Tuesday, 16 Oct 2012 | 11:37 PM ET

    BANGKOK-- Asian stock markets rose Wednesday on better-than-expected earnings from U.S. corporate giants and growing speculation that Spain is finally ready to ask for financial aid.