APNewsBreak: Bank of America reaches $17 B settlement with US over sale of securities Accounting obscurities mean US settlement with Bank of America might not cost bank $17 billion Stocks higher for third day, despite signals from the Fed about raising interest rates Some Fed officials argue that economy is improving fast enough to signal lower support As Yellen prepares to detail her economic outlook, 6- month Fed honeymoon is likely to end soon Apple's stock soars to new high amid rising hopes for bigger-screen iPhone, other new products Target cuts annual profit outlook as retailer continues to reel from breach Berkshire Hathaway to pay $896,000 penalty for not notifying regulators about 2013 USG deal Icahn discloses 8.5- pct stake in Hertz, plans to have talks with rental car company Rejected and dejected— women small business owners still struggle to get loans from banks» Read More
NEW YORK-- Stocks are opening flat on Wall Street as investors look over key corporate earnings reports. IBM stock is down $9 at the open at $202. Wall Street was expecting a loss.
PROVIDENCE, R.I.-- Textron Inc. said Wednesday that its third-quarter net income rose 6 percent on higher demand for Bell helicopters and a strong performance from its industrial unit. Excluding income from discontinued operations, Textron earned 48 cents per share.
Shares fell $8.67, or 4.1 percent, to $202.33 in premarket trading. Revenue in its region that includes Europe declined 9 percent, more than any other part of the world. That's because sales made in Europe are converting into fewer U.S. dollars than a year ago.
Mitt Romney wrongly claimed that it took 14 days for President Barack Obama to brand the assault on the U.S. Consulate in Libya a terrorist act. Obama yet again claimed that ending the Afghanistan and Iraq wars makes money available to "rebuild America," even though it doesn't.
HAMILTON, Bermuda-- Fast-moving Hurricane Rafael was barreling past Bermuda on Tuesday night, driving gusty winds and pelting rain as its center traveled east of the storm-hardened British Atlantic territory. By 8 p.m. EDT, Rafael was a Category 1 hurricane with winds of 85 mph as its spinning center was located about 115 miles east-southeast of Bermuda.
TORONTO-- An Air Canada passenger flight bound for Sydney helped pinpoint the location of a yacht in trouble off the coast of Australia. Air Canada said its plane swooped down at about 1,200 meters while the crew peered out using binoculars borrowed from passengers.
WASHINGTON-- U.S. builders started construction on homes in September at the fastest rate since July 2008 and made plans to build even more homes in the coming months.
HAVANA-- For the first time since the height of the Cold War more than half a century ago, Cuba is giving its people the freedom to leave the country without government permission, scrapping the detested exit visa that kept many from traveling outside the communist nation for even a few days. said Mercedes Delgado, a 73- year-old retiree. "
LOS ANGELES-- Mario Lopez and Khloe Kardashian Odom are officially joining "The X Factor." "The worst kept secret in Hollywood is out," said "X Factor" creator and judge Simon Cowell in a statement. " Britney Spears and Demi Lovato joined Cowell and L.A. Reid on "The X Factor" judging panel at the start of the second season.
The lawsuit filed Tuesday in Alameda County Superior Court charges the California Department of Conservation, Division of Oil, Gas and Geothermal Resources, also known as DOGGR, with failing to adequately monitor possible pollution caused by hydraulic fracturing, or "fracking."
NEW YORK-- Nike has severed ties with cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company about those activities for more than a decade. "Nike does not condone the use of illegal performance enhancing drugs in any manner," it said in a statement.
WASHINGTON-- Sensing an opportunity to keep Maine's Senate seat in Republican hands, a super PAC started by GOP strategist Karl Rove is airing television ads in the state for the first time as part of a $5 million blitz in a handful of states.
NEW YORK-- Laura Schoppe's small business gets about half of its revenue from contracts with the federal government. Schoppe and thousands of other small companies with federal contracts are watching to see if Congress will stop a mandatory $109 billion in federal budget cuts scheduled to take effect Jan. 2 in what's being called sequestration.
BELLEVILLE, Ill.-- The families of a three babies sickened by a rare bacterial infection, including a 10- day-old Missouri infant who died, filed a lawsuit Tuesday against the Illinois- based manufacturer of a powdered baby formula that they believe is responsible.