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  • Grainger 3Q profit falls 15 pct, misses Street Tuesday, 16 Oct 2012 | 9:25 AM ET

    CHICAGO-- W.W. Grainger Inc., which sells power tools and other industrial equipment, said Tuesday that its third-quarter net income fell 15 percent, in part because it set aside money for an anticipated settlement related to some government contracts.

  • *United Tech selling power systems unit for $400M Tuesday, 16 Oct 2012 | 9:23 AM ET
  • Merkel defends costly switch out of nuclear power Tuesday, 16 Oct 2012 | 9:20 AM ET

    BERLIN-- German Chancellor Angela Merkel on Tuesday defended her government's decision to phase out nuclear power and switch to renewable energies within a decade, but acknowledged the need to overhaul and speed up the transition plan.

  • US industrial output rises but factories stay weak Tuesday, 16 Oct 2012 | 9:18 AM ET

    WASHINGTON-- U.S. industrial production increased only modestly in September, held back by weak growth in factory output. That followed a 1.4 percent decline in August, which partly reflected precautionary shutdowns before Hurricane Isaac hit the Gulf Coast.

  • Murphy to split into separate E&P, retail company Tuesday, 16 Oct 2012 | 9:18 AM ET

    EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy will become an independent oil exploration and production company focused on the U.S., Canada and Malaysia.

  • Nokia expected to slide further in Q3 Tuesday, 16 Oct 2012 | 9:14 AM ET

    HELSINKI-- Nokia Corp. is expected on Thursday to report a plunge in sales and further loss of market share as investors await next week's launch of Microsoft's Windows Phone software 8, which the struggling company has called an "important catalyst" for its ailing smartphone devices.

  • Goldman Sachs' earnings soar, but caution rules Tuesday, 16 Oct 2012 | 9:12 AM ET

    NEW YORK-- Goldman Sachs turned in third-quarter earnings Tuesday that easily beat analysts' estimates, but the bank's mood seemed more cautious than celebratory. Trading for clients in mortgages also propelled Goldman's results higher, echoing what Wells Fargo and JPMorgan Chase reported last week as mortgage refinancing surged.

  • *Wolverine's 3Q results miss Wall Street's view Tuesday, 16 Oct 2012 | 9:09 AM ET
  • Brown & Brown 3Q profit up on higher commissions Tuesday, 16 Oct 2012 | 9:04 AM ET

    DAYTONA BEACH, Fla.-- Insurance broker Brown& Brown Inc. said Tuesday its third-quarter net income rose 12 percent, boosted by a jump in commissions and fees. Brown& Brown said its retail division continued to grow, which could mean that economic conditions are improving for its clients. Brown& Brown shares rose 5 cents to $26.35 in premarket trading.

  • McNamara's personal effects coming to auction Tuesday, 16 Oct 2012 | 9:04 AM ET

    The silver and wood-framed memento was given by President John F. Kennedy to Secretary of Defense Robert McNamara to mark the October 1962 Cuban missile crisis. Sotheby's is opening the collection for public viewing on Tuesday, and the auction is scheduled for Oct. 23.

  • NYC aims to lure more tourists from Mexico Tuesday, 16 Oct 2012 | 9:02 AM ET

    After the estimated number of Mexicans visiting the city nearly doubled in six years, tourism arm NYC& Co. is ramping up its presence in Mexico City, part of its series of far-flung tourism offices. "We want to be visible and make sure we're top of mind" to Mexican travelers, NYC& Co. chief executive George Fertitta said.

  • Mexico raids seized campuses, battle protesters Tuesday, 16 Oct 2012 | 8:57 AM ET

    MEXICO CITY-- Police raided three teachers colleges on Monday in the western state of Michoacan, where dozens of students had been hijacking buses and delivery trucks for a week to protest curriculum changes. Ten police officers were injured, three seriously, the Michoacan state government reported.

  • Chile police clash with vandals in Mapuche march Tuesday, 16 Oct 2012 | 8:56 AM ET

    SANTIAGO, Chile-- Chilean police on Monday clashed with hooded vandals who infiltrated a protest by Mapuche Indians demanding land rights and autonomy. The rally was timed to protest a national holiday for " Dia de La Raza," which celebrates the first encounter by Native Americans and Europeans during Christopher Columbus' arrival to America.

  • Judge dismisses 'Bachelor' discrimination case Tuesday, 16 Oct 2012 | 8:55 AM ET

    NASHVILLE, Tenn.-- A federal judge on Monday dismissed a case filed by two black men who claimed ABC's "The Bachelor" and "The Bachelorette" discriminated against casting participants of color.

  • Tina Fey, Amy Poehler to host Golden Globes Tuesday, 16 Oct 2012 | 8:53 AM ET

    The Hollywood Foreign Press Association, Dick Clark Productions and NBC announced Monday that the pair of "30 Rock" and " Parks and Recreation" stars have signed on to host the 70th annual Golden Globes ceremony after British comedian Ricky Gervais' three-year reign as the show's acerbic emcee.

  • Final OKs given for Seattle arena deal Tuesday, 16 Oct 2012 | 8:52 AM ET

    SEATTLE-- The King County Council and the Seattle City Council gave their final approval Monday to an agreement to build a $490 million basketball and hockey arena in the city, despite the threat of a lawsuit from longshore workers. Mayor Mike McGinn called the votes important steps toward bringing professional men's basketball back to Seattle.

  • Ahead of the Bell: Jefferies ups Kroger to "Buy" Tuesday, 16 Oct 2012 | 8:51 AM ET

    NEW YORK-- A renewed focus on investment returns and continuing market share gains should lead to higher earnings for The Kroger Co., an analyst said Tuesday, as he lifted his rating on the stock to "Buy."

  • Wis. wolf hunt begins; groups file intent to sue Tuesday, 16 Oct 2012 | 8:45 AM ET

    MADISON, Wis.-- Wisconsin's first organized wolf hunt got under way Monday even as animal welfare advocates demanded federal officials return Great Lake wolves to the endangered species list. Mark Dahms, a 54- year-old electrician from Waukesha in suburban Milwaukee, was one of 1,160 people to win the right to buy a license through a state lottery.

  • *Ex-DEA chief urges AG to speak out on marijuana Tuesday, 16 Oct 2012 | 8:43 AM ET
  • Maine town abuzz after john suspect names released Tuesday, 16 Oct 2012 | 8:42 AM ET

    KENNEBUNK, Maine-- The first batch of more than 100 men accused of paying a fitness instructor for sex were laying low after police began releasing their names in a small New England town where rumors have run rampant for weeks.