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  • News Summary: Mattel 3Q results beat expectations Tuesday, 16 Oct 2012 | 11:22 AM ET

    THE NEWS: Toy maker Mattel said Tuesday that cost cuts and higher revenue from toys including Monster High dolls and Fisher-Price helped send net income up 22 percent in the third quarter. But results indicate that Mattel is outperforming its rivals so far as it heads into the crucial holiday season, when toy makers can earn up to 40 percent of annual revenue.

  • AP source: Beyonce set for Super Bowl halftime Tuesday, 16 Oct 2012 | 11:21 AM ET

    A source familiar with Super Bowl XLVII told The Associated Press the Grammy-winning diva will take the stage at the halftime show on Feb. 3, 2013, at the Mercedes-Benz Superdome in New Orleans. The 31- year-old sang the national anthem at Super Bowl XXXVIII in 2004 in her hometown of Houston when the New England Patriots defeated the Carolina Panthers.

  • Division series' TV ratings down from last year Tuesday, 16 Oct 2012 | 11:18 AM ET

    NEW YORK-- Television ratings for baseball's division series are down from last year. Its two division series broadcasts _ Game 2 of Detroit- Oakland and Game 3 of St. Louis- Washington _ averaged a network-record 1.2 million viewers, whereas two afternoon games on TBS last season averaged nearly twice that. TBS is a unit of Time Warner Inc..

  • Vikings fans share ideas for new football stadium Tuesday, 16 Oct 2012 | 11:17 AM ET

    MINNEAPOLIS-- Minnesota Vikings fans expressed strong opinions late Monday about features they want in the team's new stadium, from a retractable roof and more leg room _ to it being shaped like a giant castle.

  • Red Sox keep ticket prices unchanged for 2013 Tuesday, 16 Oct 2012 | 11:15 AM ET

    BOSTON-- The Boston Red Sox are keeping ticket prices unchanged for 2013 after their worst season in nearly 50 years. Individual prices range from $12 for the upper bleachers to $165 for a seat above the Green Monster in left field. The Red Sox went 69-93, missing the playoffs for the third straight year.

  • Kings sign naming rights deal for arena Tuesday, 16 Oct 2012 | 11:15 AM ET

    SACRAMENTO, Calif.-- The Sacramento Kings will have a new name for their arena. The arena in Sacramento was called Power Balance Pavilion last season but the Kings were looking for a new partner after Power Balance filed for bankruptcy. The Kings' home opener this season is Nov. 5 against the Golden State Warriors.

  • Bob Knight selling rings, medal at auction Tuesday, 16 Oct 2012 | 11:13 AM ET

    NEW YORK-- Hall of Famer Bob Knight is selling his championship basketball rings and Olympic gold medal for what he considers a very good reason: the education of his grandchildren.

  • W.Va. governor seeks more individual storm aid Tuesday, 16 Oct 2012 | 11:11 AM ET

    CHARLESTON, W.Va.-- West Virginia Gov. In September, FEMA approved individual assistance for residents in Fayette, Kanawha, Nicholas and Raleigh counties after Tomblin appealed the agency's initial denial of aid.

  • Basic Energy cuts 3Q outlook, gets SEC subpoena Tuesday, 16 Oct 2012 | 11:10 AM ET

    FORT WORTH, Texas-- Basic Energy Services, which provides services for oil and gas wells, lowered its third-quarter revenue forecast Tuesday, as some of its September results came in weaker than expected.

  • Foreign holdings of US debt hit record $5.43T Tuesday, 16 Oct 2012 | 11:09 AM ET

    The Treasury Department says total foreign holdings rose to a record $5.43 trillion in August. And Japan increased its holdings 0.5 percent to $1.12 billion. Japan now trails China's holdings by just $32.1 billion.

  • Coca-Cola's profit up even as sales disappoint Tuesday, 16 Oct 2012 | 11:09 AM ET

    NEW YORK-- The Coca-Cola Co. has a formula for growth in the volatile economic climate: sell more of its drinks in emerging markets and evolve its stable of products at home, where concerns over sugary drinks are intensifying.

  • Earnings Preview: Tougher 3Q at P. Morris Int'l Tuesday, 16 Oct 2012 | 11:02 AM ET

    RICHMOND, Va.-- Cigarette maker Philip Morris International Inc., which sells Marlboro and other brands abroad, expects a slowdown in the third quarter as it laps large cigarette volume gains last year. Philip Morris International has compensated for consumers buying fewer, or cheaper, cigarettes _ and for the weak economy _ by cutting costs and raising prices.

  • Arizona Commerce Authority board may pick new CEO Tuesday, 16 Oct 2012 | 11:00 AM ET

    The Arizona Commerce Authority board's agenda for a closed execution session during its meeting Tuesday includes an update on the search for a new CEO. The quasi-private authority gets $35 million of state funding annually, including $25 million for grants to help attract, expand or retain businesses.

  • Maine heating oil price up 5 cents per gallon Tuesday, 16 Oct 2012 | 11:00 AM ET

    AUGUSTA, Maine-- Maine energy officials say the current statewide average cash price for home heating oil has risen by 5 cents per gallon in the past week. The Governor's Energy Office says this week's average price is $3.75 per gallon, 25 cents higher than it was at the same time last year.

  • Health shift will affect 860,000 Calif. children Tuesday, 16 Oct 2012 | 10:59 AM ET

    Assemblyman Richard Pan, D- Sacramento, said he is concerned about the number of doctors willing to accept more Medi-Cal clients. State officials estimate that health providers will receive about 15 percent less under Medi-Cal, which is California's version of the federal Medicaid program for the poor.

  • *Zimbabwe journalists' group demands Malema apology Tuesday, 16 Oct 2012 | 10:57 AM ET
  • *Diebold cuts 2012 net income and revenue guidance Tuesday, 16 Oct 2012 | 10:57 AM ET
  • Survey: Half of Chinese like US ideas on democracy Tuesday, 16 Oct 2012 | 10:55 AM ET

    BEIJING-- People in China are increasingly worried about corruption, inequality and food safety, according to a survey released Tuesday that also found that about half of Chinese like American ideas about democracy.

  • *UK to hold new inquest into stadium tragedy Tuesday, 16 Oct 2012 | 10:54 AM ET
  • Turkey Hill announces voluntary ice cream recall Tuesday, 16 Oct 2012 | 10:54 AM ET

    LANCASTER, Pa.-- Turkey Hill Dairy of Lancaster County, Pa. has announced a voluntary recall of about 1,200 cartons of Mint Chocolate Chip All Natural Ice Cream because it contains coconut that's not listed on the label.