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  • Asia stocks fall on US earnings disappointment Thursday, 18 Oct 2012 | 11:32 PM ET

    European Union leaders opened a two-day meeting in Brussels on Thursday and took a critical step by agreeing to create a banking supervisor to oversee institutions in the 17 countries using the euro. South Korea's Kospi lost 0.9 percent to 1,942.47 and Australia's S&P/ASX 200 fell 0.1 percent to 4,554.50.

  • Blackstone Group returns to profit in 3Q Thursday, 18 Oct 2012 | 11:03 PM ET

    NEW YORK-- Blackstone Group LP said Thursday that it returned to a profit in the third quarter as fees jumped. The New York company reported net income of $128.8 million, or 24 cents per common union, in the July-September quarter, compared with a loss of $274.6 million, or 56 cents per unit, a year earlier.

  • Leaders agree to have ECB supervise all euro banks Thursday, 18 Oct 2012 | 10:58 PM ET

    BRUSSELS-- European Union leaders agreed early Friday to create a single supervisor for banks in countries that use the euro _ without saying when it would become fully operational.

  • EU leaders agree on bank supervisor Thursday, 18 Oct 2012 | 10:07 PM ET

    BRUSSELS-- European Union leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro _ without saying when it would become fully operational.

  • On the Call: Capital One CEO Richard Fairbank Thursday, 18 Oct 2012 | 9:55 PM ET

    In its third-quarter earnings report, Capital One Financial said that its auto loans business posted sharp annual growth. The division ended the July-to-September period with $26.4 billion in loans, up from $20.4 billion in the same quarter last year.

  • CBS chief Moonves gets another signing bonus Thursday, 18 Oct 2012 | 9:17 PM ET

    NEW YORK-- Two years after granting CEO Leslie Moonves a bundle of stock options as a bonus for signing a long-term contract, CBS Corp. is giving him another signing bonus worth $22 million after extending his contract through the middle of 2017..

  • Seattle Times reporters protest campaign ads Thursday, 18 Oct 2012 | 7:56 PM ET

    SEATTLE-- More than 100 reporters, photographers, designers and other staffers signed a letter protesting The Seattle Times Co.' s decision to support the campaigns of Republican gubernatorial candidate Rob McKenna and a gay marriage referendum.

  • Marvell Technology lowers 3Q outlook; CFO resigns Thursday, 18 Oct 2012 | 6:52 PM ET

    SANTA CLARA, Calif.-- Shares of Marvell Technology Group Ltd. plunged in after-hours trading Thursday after the computer chip manufacturer lowered its fiscal third-quarter outlook and said its finance chief has resigned. Marvell said that it expects net revenue for the fiscal third quarter to range between $765 million and $785 million.

  • Cepheid takes 3Q loss after patent suit settlement Thursday, 18 Oct 2012 | 6:29 PM ET

    SUNNYVALE, Calif.-- Molecular diagnostics company Cepheid said Thursday it took a loss in the third quarter on costs related to a patent lawsuit. Cepheid took a charge of $15.1 million, or 23 cents per share, related to that settlement. Excluding the settlement costs and other items, Cepheid said it earned a penny per share.

  • Sherwin-Williams to pay dividend of 39 cents Thursday, 18 Oct 2012 | 6:28 PM ET

    CLEVELAND-- Sherwin-Williams Co. said Thursday a quarterly dividend of 39 cents per share, payable on Nov. 30 to shareholders of record as of Nov. 16. In addition Sherwin-Williams's board voted to submit a proposal to shareholders to adopt a majority voting standard for electing board members in uncontested elections.

  • Smucker's Uncrustables sold to schools recalled Thursday, 18 Oct 2012 | 6:24 PM ET

    MINNEAPOLIS-- Officials have told school lunch programs across the country to check to see whether they have any Smucker's Uncrustables sandwiches that might contain peanut butter made by a New Mexico company that is being recalled because of potential salmonella contamination.

  • Terror suspect's family says he asked to go to US Thursday, 18 Oct 2012 | 6:23 PM ET

    NEW YORK-- Quazi Mohammad Rezwanul Ahsan Nafis was a terrible student in his native Bangladesh, and his middle-class parents say he persuaded them to send him off to study in the U.S. as a way of improving his job prospects.

  • News summary: Cos. walk a fine line with celebs Thursday, 18 Oct 2012 | 6:08 PM ET

    PUTTING ITS FOOT DOWN: Nike Inc. has stood by athletes through a number of scandals over the years, but this week it became the first company to sever ties with Armstrong in the wake of allegations that he used illegal drugs to boost his performance.

  • Acacia Research posts 3Q loss on charges Thursday, 18 Oct 2012 | 5:51 PM ET

    NEWPORT BEACH, Calif.-- Acacia Research Corp., which buys and licenses patents, said Thursday that it posted a third-quarter loss on higher expenses and hefty charges, including non-cash stock compensation. The loss totaled $6.4 million, or 13 cents per share, in the July-through-September quarter.

  • Farmworkers sue Calif. regulators over heat rules Thursday, 18 Oct 2012 | 5:47 PM ET

    FRESNO, Calif.-- The United Farm Workers of America sued California's work safety division Thursday, saying state regulators aren't enforcing heat regulations, leading to continued illnesses and deaths in the fields.

  • TransCanada temporarily shuts Keystone pipeline Thursday, 18 Oct 2012 | 5:39 PM ET

    KANSAS CITY, Mo.-- TransCanada Corp. has temporarily shut down its existing 2,100- mile Keystone pipeline after tests showed possible safety issues, a federal agency said Thursday.

  • E-Trade Financial swung to loss in Q3 Thursday, 18 Oct 2012 | 5:37 PM ET

    NEW YORK-- Online brokerage E-Trade Financial Corp. said Thursday that it swung to a loss in the third quarter, as investors made far fewer trades than a year ago. The company reported a net loss of $29 million, or 10 cents per share, in the July-September quarter. That compares with profit of $71 million, or 24 cents per share, in the third quarter of 2011..

  • News Summary: Fund manager sees reason for caution Thursday, 18 Oct 2012 | 5:35 PM ET

    ATYPICAL RECORD: The Appleseed Fund is a stock mutual fund that has been one of the best performers over the latest 5- year period, yet among the worst over three years. It's a result of the fund's defensive investing approach, which can help or hinder performance depending on the market's direction.

  • Corvette production idled for 6 months in Ky Thursday, 18 Oct 2012 | 5:26 PM ET

    LOUISVILLE, Ky.-- General Motors plans to idle Corvette production in Kentucky for six months to prepare for the next generation of the iconic sports car. The automaker laid out its schedule Thursday for revamping its assembly plant in Bowling Green for the all-new 2014 model.

  • News Summary: Supervalu says it's in active talks Thursday, 18 Oct 2012 | 5:20 PM ET

    THE NUMBERS: Grocery store operator Supervalu lost $111 million, or 52 cents per share, in the quarter ended Sept. 8, while revenue dropped 5 percent to $8.04 billion. THE COMPANY: Supervalu's chains include Albertsons, Cub Foods, Jewel-Osco and Save-A-Lot.