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  • Apollo Group shares plunge on 4Q results, closures Wednesday, 17 Oct 2012 | 1:21 PM ET

    Apollo Group Inc.' s shares plunged Wednesday after the for-profit education company reported a disastrous fourth-quarter and announced plans to close some of its University of Phoenix schools. THE SPARK: Apollo Group reported late Tuesday that its fourth-quarter profit fell 60 percent due to higher costs and declining enrollment.

  • US box office gains momentum in 4Q Wednesday, 17 Oct 2012 | 1:20 PM ET

    LOS ANGELES-- A stronger than expected start to movie theater attendance in the fourth quarter and a smaller decline in the third quarter than forecast prompted a Nomura analyst to tweak his profit estimate for Regal Entertainment Group on Wednesday.

  • Satcon files for Chapter 11 bankruptcy protection Wednesday, 17 Oct 2012 | 1:19 PM ET

    BOSTON-- Satcon Technology Corp. on Wednesday filed for Chapter 11 bankruptcy protection following years of financial struggles and a severe downturn in the solar power industry.

  • Analyst lowers rating on PNC Financial Services Wednesday, 17 Oct 2012 | 1:13 PM ET

    NEW YORK-- An analyst downgraded PNC Financial Services' rating on Wednesday, saying the bank's third-quarter net interest margin compressed more than expected and its preferred dividends will likely rise considerably next year.

  • Tunisian journalists strike over govt interference Wednesday, 17 Oct 2012 | 1:10 PM ET

    TUNIS, Tunisia-- Tunisia's journalists are holding a daylong strike to protest what they call government interference. Several hundred journalists gathered Wednesday outside union headquarters in the capital of Tunis, chanting for freedom of the press.

  • Fact sheet: 2013 Volkswagen CC Wednesday, 17 Oct 2012 | 1:05 PM ET

    BASE PRICE: $30,610 for Sport with manual. TYPE: Front engine, front-wheel-drive, five-passenger, compact sedan. ENGINE: 2- liter, double overhead cam, turbocharged, direct-injection, inline four cylinder with TFSI.

  • CC remains a distinctive Volkswagen Wednesday, 17 Oct 2012 | 1:05 PM ET

    Volkswagen's upscale CC compact sedan is nicely put together with a coupe silhouette, pretty lines, a taut, refined ride, well-crafted interior and for 2013, seats for five.

  • Check Point Software posts higher 3Q earnings Wednesday, 17 Oct 2012 | 1:03 PM ET

    SAN CARLOS, Calif.-- Check Point Software Technologies Ltd. said Wednesday that its third-quarter net income and revenue grew thanks to growing demand for its Internet security software.

  • Ozzie Smith to auction Gold Gloves Wednesday, 17 Oct 2012 | 11:59 AM ET

    LAGUNA NIGUEL, Calif.-- Hall of Famer Ozzie Smith is planning to auction his 13 Gold Gloves and a pair of World Series rings he received from the St. Louis Cardinals in retirement.

  • Legislation signed on Seattle arena deal Wednesday, 17 Oct 2012 | 11:58 AM ET

    SEATTLE-- King County Executive Dow Constantine and Seattle Mayor Mike McGinn signed legislation Tuesday on the funding plan for construction of an arena that could be used to lure the NBA back to Seattle. Other investors include Microsoft Chief Executive Steve Ballmer and two members of the Nordstrom department store family.

  • NC high court weighs status of video sweepstakes Wednesday, 17 Oct 2012 | 11:56 AM ET

    RALEIGH, N.C.-- North Carolina's highest court is deciding whether the state can outlaw video sweepstakes parlors as gambling halls, or whether the video screens give the owners constitutional free-speech rights.

  • NHL releases details of latest offer to NHLPA Wednesday, 17 Oct 2012 | 11:56 AM ET

    TORONTO-- The NHL has released details of its latest collective bargaining proposal to the public. In an unprecedented move, the league has published the documents it handed over to the NHL Players' Association on Tuesday in an attempt to save a full 82- game season and end the third lockout of Commissioner Gary Bettman's tenure.

  • EU mulls ways to reduce use of food-based biofuel Wednesday, 17 Oct 2012 | 11:55 AM ET

    BRUSSELS-- Europe is considering limiting the amount of food-based biofuels that can count toward its renewable fuel targets while a drought in the U.S. has pushed up food prices worldwide and millions around the world go hungry.

  • *Loan growth boosts US Bancorp's net income in 3Q Wednesday, 17 Oct 2012 | 11:54 AM ET
  • Stocks are mostly higher on housing market news Wednesday, 17 Oct 2012 | 11:54 AM ET

    A surprisingly strong housing report is pushing the stock market mostly higher even as weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average. IBM's sales fell below Wall Street's expectations, and Intel warned that sales of personal computers will likely remain weak during the holiday season.

  • News Summary: Bank of England divided on stimulus Wednesday, 17 Oct 2012 | 11:49 AM ET

    LESS STIMULATING: The likelihood that the Bank of England might approve more economic stimulus next month decreased on Wednesday as rate-setters disagreed on the program's effectiveness.

  • Uruguay Senate engages in final abortion debate Wednesday, 17 Oct 2012 | 11:47 AM ET

    MONTEVIDEO, Uruguay-- Senators in Uruguay were debating Wednesday whether to legalize abortion, a groundbreaking step in Latin America, by accepting a compromise measure that has frustrated both sides of the bitter abortion debate.

  • Sector Snap: Housing Wednesday, 17 Oct 2012 | 11:40 AM ET

    NEW YORK-- The shares of at least four homebuilders hit new highs and construction materials companies got a boost as well Wednesday from the release of a new report showing that U.S. builders started construction on homes in September at the fastest rate since July 2008, another sign of a recovering housing market.

  • *NYC's Rainbow Room gets landmark status Wednesday, 17 Oct 2012 | 11:35 AM ET
  • Hollywood costumes exhibition opens in London Wednesday, 17 Oct 2012 | 11:35 AM ET

    LONDON-- A new London exhibition has brought together more than 100 Hollywood costumes, from Darth Vader's suit to the world's most famous ruby slippers.