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  • Sector Snap: Homebuilders shares mostly up Tuesday, 2 Oct 2012 | 3:18 PM ET

    CoreLogic, a private real estate data provider, said U.S. home prices rose 4.6 percent in August from a year ago, the largest year-over-year increase in more than six years. Prices are rising in most parts of the country, CoreLogic said. _ PulteGroup Inc., up 18 cents, or 1.2 percent, to $15.49.

  • Montana minimum wage up to $7.80 next year Tuesday, 2 Oct 2012 | 3:15 PM ET

    HELENA, Mont.-- The state Labor Department says Montana's minimum wage will increase by 15 cents an hour to $7.80 beginning on Jan. 1. Labor Commissioner Keith Kelly said Tuesday the cost of living rose by 1.7 percent from August 2011 to August 2012, leading to the increase in minimum wage.

  • La. lawmakers agree to regulations for tax breaks Tuesday, 2 Oct 2012 | 3:14 PM ET

    BATON ROUGE, La.-- Louisiana lawmakers agreed Tuesday to regulations that will govern a package of new business tax breaks pushed by Gov. Louisiana's economic development secretary will be able to offer three tax incentives to businesses considering whether to relocate or expand here.

  • September Auto Sales: Toyota Tuesday, 2 Oct 2012 | 3:13 PM ET

    TORRANCE, Calif.-- Toyota Motor Sales U.S.A. Inc. said that U.S. sales jumped 41.5 percent in September from a year ago, as sales jumped for vehicles including its Corolla and Camry sedans, as well as Prius cars and Tacoma pickup trucks. BY THE NUMBERS: The Japanese automaker sold a total of 171,910 vehicles last month, compared to 121,451 in September 2011.

  • North County Times lays off one-third of staff Tuesday, 2 Oct 2012 | 3:13 PM ET

    ESCONDIDO, Calif.-- The North County Times reports that it is laying off one-third of its staff, including 24 in the newsroom. Hotelier Doug Manchester bought the North County Times for $12 million from Lee Enterprises Inc., less than a year after buying U-T San Diego.

  • Computer maker Lenovo to bring 115 jobs to NC Tuesday, 2 Oct 2012 | 3:12 PM ET

    GREENSBORO, N.C.-- Electronics maker Lenovo will start making computers at its warehouse near Greensboro, N.C.. Lenovo is a Chinese company with a headquarters in Morrisville. In the past two years, Lenovo has opened plants in China, Brazil and the United States.

  • Heating oil prices going up in Maine Tuesday, 2 Oct 2012 | 3:11 PM ET

    AUGUSTA, Maine-- Heating oil prices are going up in Maine. The lowest prices were in southern Maine, and the highest were in northern Maine. Maine energy officials say heating oil prices are tracking the rising price of crude oil, which has escalated over the summer months.

  • NY trial set next year for 5 ex-Madoff employees Tuesday, 2 Oct 2012 | 3:09 PM ET

    NEW YORK-- A trial will be held next year for five of Bernard Madoff's former employees who are accused of conspiring in history's biggest Ponzi scheme. The Oct. 7, 2013, trial date was set Tuesday by a federal judge in Manhattan. Madoff is serving a 150- year prison sentence in North Carolina.

  • 3 women workers claim Wal-Mart discrimination Tuesday, 2 Oct 2012 | 3:08 PM ET

    NASHVILLE, Tenn.-- Three Tennessee employees have sued Wal-Mart claiming they lost pay and promotion opportunities because they are women. The Barrett Johnston law firm said the lawsuit, filed Tuesday in Nashville, is the third of its kind against Wal-Mart since 2011..

  • Nielsen's top programs for Sept. 24-30 Tuesday, 2 Oct 2012 | 2:56 PM ET

    2. "NCIS," CBS, 20.48 million. 4. "NCIS: Los Angeles," CBS, 16.74 million. 5. "The Big Bang Theory," CBS, 15.66 million.

  • Chinese-owned firm adds Obama to wind farm lawsuit Tuesday, 2 Oct 2012 | 2:53 PM ET

    WASHINGTON-- A company owned by Chinese citizens has added President Barack Obama as a defendant in a lawsuit alleging the U.S. government exceeded its authority in blocking the firm's planned wind farm projects in Oregon near a Navy base.

  • Einhorn raises Chipotle concerns and shares sink Tuesday, 2 Oct 2012 | 2:53 PM ET

    Shares of Chipotle Mexican Grill Inc. plunged Tuesday after well-known hedge fund manager David Einhorn reportedly said that the burrito chain is facing increasing competition from Taco Bell as well as higher costs. THE SPARK: Einhorn, who runs Greenlight Capital, was speaking at the Value Investing Congress, an investor conference, in New York Tuesday.

  • MSCI shares skid on Vanguard fund benchmark switch Tuesday, 2 Oct 2012 | 2:53 PM ET

    BOSTON-- Shares of MSCI Inc. plunged in afternoon trading Tuesday after a key index-licensing customer, Vanguard Group, said that some of its mutual funds will drop MSCI as the provider of market benchmarks that the funds track.

  • Young architect to design golf clubhouse for 2016 Tuesday, 2 Oct 2012 | 2:47 PM ET

    RIO DE JANEIRO-- An architect who is the grandson of a Brazilian Olympic medalist has been selected to design the clubhouse of the golf course for the 2016 Rio de Janeiro Games. Pedro Evora is the 34- year-old grandson of Affonso Evora, a point guard on the Brazilian men's basketball team that won the bronze medal in 1948..

  • Zoinks! Cartoon Network celebrates 20 years Tuesday, 2 Oct 2012 | 2:45 PM ET

    Many thought Ted Turner's idea to start the network was "crazy," said Robert Sorcher, who worked there for its first five years. He said critics didn't understand Turner Broadcasting Systems' $320 million purchase of the Hanna-Barbera library or earlier acquisition of the MGM film library, which includes "Tom& Jerry."

  • September Auto Sales: Volkswagen Tuesday, 2 Oct 2012 | 2:41 PM ET

    HERNDON, Va.-- Volkswagen of America Inc. said Tuesday that U.S. auto sales in September rose 34.4 percent, its best showing for that month since 1972, largely on strong sales of its Passat sedans. BY THE NUMBERS: VW sold 36,339 vehicles last month, compared with 27,036 in September 2011.

  • Education chief wants textbooks to become obsolete Tuesday, 2 Oct 2012 | 2:41 PM ET

    It's not just a matter of keeping up with the times, Duncan said in remarks to the National Press Club. South Korea, which consistently outperforms the U.S. when it comes to educational outcomes, is moving far faster than the U.S. in adopting digital learning environments.

  • September Auto Sales: General Motors Tuesday, 2 Oct 2012 | 2:40 PM ET

    DETROIT-- General Motors Co. said Tuesday that its September U.S. sales rose 1.5 percent as a big jump in car sales was offset by falling truck sales. BY THE NUMBERS: Detroit- based GM sold a total of 210,245 vehicles last month, up from 207,145 in the same month last year.

  • German bailout-fatigue might delay aid for Spain Tuesday, 2 Oct 2012 | 2:38 PM ET

    BERLIN-- Germany's government appears to be putting the brakes on any request by Spain for help from its European partners in managing its debts, wary that its lawmakers might balk at having to vote on yet another bailout for a struggling eurozone nation.

  • News Summary: Iran president deflects criticism Tuesday, 2 Oct 2012 | 2:30 PM ET

    UNDER PRESSURE: Iran President Mahmoud Ahmadinejad blamed the steep drop in Iran's currency on "psychological pressures" linked to Western sanctions over Tehran's nuclear program and Iran's increasingly bitter political battles.

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