Aug 20- Staples Inc reported better-than-expected quarterly profit and sales, driven by strong demand for non-core office supplies, such as furniture and breakroom items, from companies in North America.» Read More
WASHINGTON-- A top Senate Democrat said Tuesday that tax rates on the wealthy should go up and that tax breaks benefiting the middle class must be preserved.
JERUSALEM-- A boat carrying pro-Palestinian advocates from eight countries is en route to Gaza in the latest attempt to break Israel's naval blockade on the coastal territory, an activist on board said Tuesday. Dror Feiler, an Israeli on the boat, said it left Naples on Sunday and aims to reach Gaza in mid-October.
Thirty-seven years in the making, the $160 million national soccer center at Burton-upon-Trent in central England will be the permanent home for all 24 of England's senior and junior teams and the training base for aspiring coaches.
SOCHI, Russia-- With the opening of the 2014 Winter Olympics less than 500 days away, IOC officials are back in Russia to check on preparations in Sochi. The IOC coordination commission began a three-day visit to the Black Sea resort Tuesday to inspect progress in construction, transportation, accommodation and other key areas.
LONDON-- The International Cricket Council has launched an "urgent investigation" following allegations by an Indian television station that several umpires were willing to fix matches for money.
The slide comes on the five-year anniversary of record high closes for the Dow and S&P 500. After the closing bell, Alcoa becomes the first major U.S. company to report third-quarter results. Investors expect overall earnings to decline for S&P 500 companies.
NEW YORK-- Airport services provider ABM Industries Inc. said Tuesday that it reached a deal to buy Air Serv Corp. for about $158 million in cash. The company provides facility management services for airlines and freight companies at over 50 airports throughout the U.S. and United Kingdom. ABM shares fell 1 cent to $18.29 in morning trading.
The amusement park in Arlington on Tuesday announced plans to implode the 200- foot-tall Texas Chute Out. Park officials say the implosion will happen Wednesday afternoon but Arlington city officials have asked that the exact time not be made public. Six Flags Over Texas is operated by Six Flags Entertainment Corp..
ATHENS, Greece-- German Chancellor Angela Merkel got a hostile reception from many ordinary Greeks Tuesday when she flew into Athens on her first visit to the country since its debt crisis erupted three years ago.
CHICAGO-- Grain prices mostly rose Tuesday in early trading on the Chicago Board of Trade. Wheat for December delivery rose 11.75 cents to $8.7275 a bushel; December corn rose 4 cents to $7.46 a bushel; December oats were unchanged at $3.7050 a bushel; while November soybeans jumped 14 cents to $15.65 a bushel.
NEW YORK-- Penn Virginia's stock declined more than 14 percent Tuesday after the oil and gas company announced a public stock offering and preferred equity offering. THE SPARK: Penn Virginia said Monday that it is offering 12 million shares of its common stock and $50 million in depositary shares.
BEIRUT-- An official said Tuesday that an employee of Lebanon's national airline MEA was fired after a passenger complained in a social media campaign that the worker humiliated travelers from the Philippines at the Beirut airport and told them over the loudspeaker, "Filipino people, stop talking."
NEW YORK-- A Citi analyst on Tuesday upgraded Interpublic Group of Cos. to "Buy" from "Neutral," saying that the company is poised to rebound next year after a tough 2012.. THE BACKGROUND: Interpublic, along with other advertising companies, had a rough time this year.
BOSTON-- Gasoline prices in Massachusetts have risen four cents in the past week. AAA Southern New England reports Tuesday that a gallon of self-serve, regular is selling for an average of $3.88. The cost in Massachusetts is seven cents above the national average, eight cents higher than a month ago and 47 cents higher than at the same time last year.
CHARLESTON, W.Va.-- A lawsuit over Cobalt Coal Co.' s alleged failure to pay mining royalties may soon be dismissed. Cobalt operates the mine featured on Spike TV's one-season reality show "Coal." In August, Encoal Energy and Gopher Land Services sued Cobalt in U.S. District Court in Charleston.
NEW YORK-- Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season. The tests, which started this month, are taking place in northern Virginia, Philadelphia, Minneapolis and San Francisco and San Jose, Calif. About 5,000 items will be available for the same-day service.
LAS VEGAS-- Home prices in the Las Vegas area are up for the eighth month in a row, while the number of homes sold in September is down from a year ago. The Greater Las Vegas Association of Realtors reports Tuesday that the median price of a single-family home sold in September was $140,000, up 1.4 percent from August and nearly 14 percent from last September.