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  • Week's exit from stock funds biggest since 2011 Wednesday, 10 Oct 2012 | 5:12 PM ET

    WASHINGTON-- Investors withdrew cash from stock mutual funds for the 11th consecutive week during the period ended Oct. 3, removing money at the fastest pace in more than a year. Investors withdrew a net $10.6 billion from U.S. stock funds, the Investment Company Institute said in a preliminary report Wednesday.

  • US affirms steep tariffs on China solar panels Wednesday, 10 Oct 2012 | 5:11 PM ET

    In one of the largest trade cases the U.S. has pursued against the Asian superpower, the Commerce Department said China's government is subsidizing companies that are flooding the U.S. market with low-cost products _ a tactic known as "dumping."

  • Garage builder in Fla. looks for cause of collapse Wednesday, 10 Oct 2012 | 5:07 PM ET

    MIAMI-- The company overseeing construction of a community college parking garage in Florida says it's working to find out why it collapsed. Ajax Building Corporation released a statement Wednesday, extending its sympathies to the family of the worker killed in the collapse and those who were injured.

  • Yum Brands, FedEx, Alcoa are market movers Wednesday, 10 Oct 2012 | 5:06 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:. Yum Brands Inc., up $5.28 at $70.99. FedEx Corp., up $4.41 at $89.99.

  • Oil ends lower, near $91 a barrel Wednesday, 10 Oct 2012 | 5:01 PM ET

    On the New York Mercantile Exchange:. Benchmark crude fell $1.14 to finish at $91.25 per barrel. Heating oil rose 1 cent to finish at $3.21 a gallon.

  • Kellogg reaffirms guidance for year Wednesday, 10 Oct 2012 | 4:59 PM ET

    BATTLE CREEK, Mich.-- Kellogg Co. reaffirmed its full-year earnings guidance on Wednesday, saying that strong performance from its recently acquired Pringles brand offset costs for the anticipated costs a recent recall of Mini-Wheats cereal. Kellogg expects to earn between $3.18 and $3.30 per share for the year.

  • Highlights from the Fed's US economic survey Wednesday, 10 Oct 2012 | 4:56 PM ET

    WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.

  • For small business, hiring depends on the industry Wednesday, 10 Oct 2012 | 4:55 PM ET

    NEW YORK-- If you are trying to figure out if small businesses are hiring, it depends on where you look. Just last Friday when the government was raising suspicious eyebrows with its report of a sudden drop in the unemployment rate so close to a presidential election, Andy Asbury was hiring a full-time employee to work at his Minneapolis real estate brokerage.

  • Dollar trades in tight ranges after Beige Book Wednesday, 10 Oct 2012 | 4:46 PM ET

    The euro rose to $1.2897 in late trading Wednesday from $1.2880 late Tuesday. The British pound rose to $1.6008 from $1.6004. The dollar fell to 78.19 Japanese yen from 78.22 yen and to 0.9385 Swiss franc from 0.9404 Swiss franc.

  • As cold returns, tips for saving on heating costs Wednesday, 10 Oct 2012 | 4:45 PM ET

    NEW YORK-- This winter is expected to feel like more winter. But customers will have to use more energy to keep warm, according to the annual Winter Fuels Outlook from the Energy Department's Energy Information Administration. That will result in record heating bills, an average of $2,494.

  • Dueling Meadowlands mall traffic studies offered Wednesday, 10 Oct 2012 | 4:42 PM ET

    Those wildly contrasting conclusions were offered to the New Jersey Sports and Exposition Authority on Wednesday by the two warring parties in the bitter dispute, the New York Giants and Triple Five Group, the developer that took over the troubled project last year.

  • US lifts Myanmar international lending restriction Wednesday, 10 Oct 2012 | 4:42 PM ET

    WASHINGTON-- President Barack Obama is lifting the U.S. restriction on international financial institutions like the World Bank lending to Myanmar to reward its progress toward democracy. Late last month, Congress passed legislation allowing the president to end the automatic U.S. block on lending by institutions also including Asian Development Bank.

  • Boeing gets $2B contract for plane maintenance Wednesday, 10 Oct 2012 | 4:40 PM ET

    NEW YORK-- The Boeing Co. said Wednesday that it has been awarded a $2 billion contract from the Defense Department to help the Air Force maintain its fleet of 246 C-17 cargo planes. Boeing said that the contract includes ensuring that spare parts are available for the planes as well as maintenance on the aircraft.

  • Dow falls 128, with Chevron and Alcoa leading way Wednesday, 10 Oct 2012 | 4:39 PM ET

    NEW YORK-- Downbeat reports from Alcoa and Chevron at the start of corporate earnings season pulled stock indexes lower for a third straight day Wednesday. Alcoa, the aluminum producer, beat Wall Street's earnings estimates on Tuesday night but said it expects a slowdown in China to weaken demand for aluminum.

  • End of the line for returnable Coca-Cola bottle Wednesday, 10 Oct 2012 | 4:35 PM ET

    A small Coke bottler in Minnesota says it's stopping production of the bottles, which customers could return to get back a 20- cent deposit. The company in Winona, Minn., had been refilling the returnable bottles since 1932 but said it no longer makes business sense to continue doing so.

  • FedEx details major cost-cutting plan Wednesday, 10 Oct 2012 | 4:22 PM ET

    NEW YORK-- FedEx Corp., the world's second-largest package delivery company, on Wednesday detailed its plan to boost profit by $1.7 billion annually by shedding jobs, aircraft and underused assets. FedEx aims to reach that goal within three years through cost cuts and efficiency improvements.

  • California gas prices drop by half a penny Wednesday, 10 Oct 2012 | 4:22 PM ET

    LOS ANGELES-- California gas prices dipped half a penny Wednesday, leaving experts split on where they will go next. Gas prices went up 50 cents a gallon between Oct. 1 and Oct. 8, from $4.168 to $4.668, the largest one-week price spike in California history, said AAA spokesman Avery Ash.

  • News Summary: Stocks fall after 2 bad reports Wednesday, 10 Oct 2012 | 4:15 PM ET

    TWO BAD REPORTS: Alcoa beat Wall Street earnings estimates but cut its demand expectation for the year, mostly because of a slowdown in China. Chevron said slumping oil prices and production would hurt its earnings. WAL-MART GREETS A RECORD: Wal-Mart Stores surged $1.28 to $75.42 and touched an all-time high, $76.81.

  • Netflix to caption all content for deaf audience Wednesday, 10 Oct 2012 | 4:15 PM ET

    BOSTON-- Netflix will offer closed captions on all TV and movie content by 2014 after a deaf Massachusetts viewer sued the company. A Netflix spokesman says the company is an industry leader and offering high quality captioning on the more than 1,000 devices on which Netflix is available is a "tall order."

  • CEO of bankrupt oil firm charged in tax case Wednesday, 10 Oct 2012 | 4:14 PM ET

    LOUISVILLE, Ky.-- The CEO of a bankrupt southern Kentucky oil company was indicted Wednesday on federal charges that he failed to pay more than $1.6 million in taxes over two years and with making false statements to a licensed gun dealer.