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  • Bettman, NHL make new offer in hope of full season Tuesday, 16 Oct 2012 | 1:38 PM ET

    TORONTO-- The NHL has made a new offer to the players' association that proposes a 50-50 split of hockey-related revenue and a full 82- game season starting Nov. 2. When asked if the new proposal was an improvement over previous offers made by the NHL, Fehr said: "In some respects I think it is.

  • Penn St. won't renew contract of accused AD Curley Tuesday, 16 Oct 2012 | 1:36 PM ET

    STATE COLLEGE, Pa.-- Penn State will not renew the contract of athletic director Tim Curley, who has been on leave since being charged last year with perjury and failing to report a child sex abuse allegation against Jerry Sandusky.

  • News Summary: German investor optimism on the rise Tuesday, 16 Oct 2012 | 1:36 PM ET

    GLASS HALF FULL: Investor optimism in Germany rose in October, sending an upbeat signal about Europe's largest economy. ECONOMIC ENGINE: Germany is Europe's biggest economy and its modest recent growth has kept the eurozone as a whole out of recession.

  • Should Africa be growing more wheat? Tuesday, 16 Oct 2012 | 1:35 PM ET

    DEBRE ZEIT, Ethiopia-- Bedlu Mamo stood in middle of his field in Ethiopia and cast a wary eye at the new variety of wheat he planted for the first time. As the U.N.' s Food and Agricultural Organization marked World Food Day on Tuesday, experts are reexamining what crops are best produced in Africa, for Africans.

  • Isis Pharma tumbles on Kynamro cancer concerns Tuesday, 16 Oct 2012 | 1:34 PM ET

    NEW YORK-- Shares of Isis Pharmaceuticals Inc. skidded Tuesday as regulators raised questions about links between the company's experimental cholesterol drug Kynamro and cancer. THE SPARK: Isis and its partner Genzyme will discuss Kynamro with a Food and Drug Administration advisory panel on Thursday.

  • Obama out to seize momentum from Romney in debate Tuesday, 16 Oct 2012 | 1:32 PM ET

    HEMPSTEAD, N.Y.-- Republican White House challenger Mitt Romney conferred with his debate practice partner while President Barack Obama exercised before his final study review for Tuesday's debate, both hoping it would help them pull ahead in the razor-tight race.

  • EU health chief resigns in corruption scandal Tuesday, 16 Oct 2012 | 1:29 PM ET

    The EU's anti-fraud office sent a report to the Commission after it investigated a complaint by Swedish Match, a tobacco producer. The Commission said that a Maltese businessman had tried to use his alleged contacts with Dalli to get financial benefit from Swedish Match in return for pressing Dalli to influence future tobacco laws on snus.

  • JA Solar gets listing warning due to stock price Tuesday, 16 Oct 2012 | 1:24 PM ET

    JA Solar Holdings Co. Ltd. said Tuesday that it has received a warning from the Nasdaq stock market that its closing price has fallen too low over the past month to meet listing requirements. The company has until April 9, get its share price back above $1 and keep it there for 10 straight business days.

  • News Summary: Iraqi central bank head ousted Tuesday, 16 Oct 2012 | 1:23 PM ET

    CENTRAL BANK OUSTER: Iraq abruptly removed the longtime governor of the country's central bank after he and other bank officials were targeted in an investigation into alleged financial wrongdoing. CENTRAL BANK VETERAN: Sinan al-Shabibi, is seen as a politically independent economist who has led the bank since shortly after the U.S.-led invasion.

  • News Summary: Costlier gas pushes up US prices Tuesday, 16 Oct 2012 | 1:22 PM ET

    PRICES RISE: U.S. consumer prices rose 0.6 percent last month, the Labor Department said Thursday, mostly because of higher gas prices. Excluding the volatile energy and food categories, prices rose only 0.1 percent for the third straight month.

  • Tame US prices, more confident builders aid growth Tuesday, 16 Oct 2012 | 1:21 PM ET

    WASHINGTON-- The outlook for the U.S. economy brightened a little Tuesday after reports that consumer prices stayed tame and homebuilder confidence rose to the highest level in six years. It will be front and center Tuesday night when President Barack Obama and GOP challenger Mitt Romney meet at New York's Hofstra University for the second of three debates.

  • Bankrate shares tumble on projected 3Q profit drop Tuesday, 16 Oct 2012 | 1:20 PM ET

    NEW YORK-- Shares of Bankrate Inc. lost about a quarter of their value and fell to an all-time low Tuesday, after the online publisher of financial data predicted third-quarter results that fell far short of Wall Street forecasts.

  • General Dynamics gets $459M pact modification Tuesday, 16 Oct 2012 | 1:18 PM ET

    GROTON, Conn.-- A General Dynamics subsidiary received a $459 million contract modification to provide support services for the Navy's nuclear submarines. It has the possibility of a total value of about $1.2 billion over three years if all options are exercised.

  • Cintas boosts annual dividend to 64 cents Tuesday, 16 Oct 2012 | 1:15 PM ET

    CINCINNATI-- Cintas announced a 10- cent increase to its annual dividend. The new dividend will be paid on Dec. 12 to shareholders of record as of Nov. 9, Cintas said. Shares of Cintas Corp. rose 15 cents to $42.15 in afternoon trading.

  • Ariz. voters to decide fate of new sales tax hike Tuesday, 16 Oct 2012 | 1:14 PM ET

    PHOENIX-- Arizona voters two years ago overwhelmingly approved a temporary sales tax increase, but the political landscape is significantly different for a new proposal on this year's ballot. Jan Brewer and the Arizona Chamber of Commerce and Industry, oppose the proposal on this year's ballot.

  • Kroger lifts guidance, citing plans to expand Tuesday, 16 Oct 2012 | 1:11 PM ET

    NEW YORK-- Kroger is forecasting stronger growth in the years ahead, as the nation's biggest traditional supermarket operator continues to transform the format of its stores to fend off competitors and keep up with changing shopping habits.

  • Egyptian league games delayed indefinitely Tuesday, 16 Oct 2012 | 11:58 AM ET

    CAIRO-- The Egyptian Football Federation says it has delayed league games indefinitely because police have not given assurances they can secure matches. Federation deputy Hassan Farid tells The Associated Press that the Interior Ministry has not ensured it can safeguard the games.

  • Tumi shares fall on stockholders' plan to sell Tuesday, 16 Oct 2012 | 11:56 AM ET

    NEW YORK-- Shares of Tumi, which makes pricey luggage, fell Tuesday after the company said some shareholders, including the company's CEO and CFO, plan to sell stock.

  • EU Commissioner resigns in corruption scandal Tuesday, 16 Oct 2012 | 11:56 AM ET

    BRUSSELS-- EU Health Commissioner John Dalli has resigned over corruption allegations involving tobacco legislation, but denies wrongdoing. The EU Commission said in a statement Dalli resigned `'with immediate effect. " Snus sales are banned in the European Union, except in Sweden, which insisted on an exemption when it joined the EU.

  • SAfrica trade federation blames unrest on bosses Tuesday, 16 Oct 2012 | 11:55 AM ET

    JOHANNESBURG-- Mine bosses have aggravated South Africa's labor unrest by dismissing striking mineworkers, the Congress of South African Trade Unions said Tuesday, voicing strong support for thousands of workers who have staged wildcat strikes at gold and platinum mines across the country.