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  • Kroger lifts guidance, citing plans to expand Tuesday, 16 Oct 2012 | 1:11 PM ET

    NEW YORK-- Kroger is forecasting stronger growth in the years ahead, as the nation's biggest traditional supermarket operator continues to transform the format of its stores to fend off competitors and keep up with changing shopping habits.

  • Egyptian league games delayed indefinitely Tuesday, 16 Oct 2012 | 11:58 AM ET

    CAIRO-- The Egyptian Football Federation says it has delayed league games indefinitely because police have not given assurances they can secure matches. Federation deputy Hassan Farid tells The Associated Press that the Interior Ministry has not ensured it can safeguard the games.

  • Tumi shares fall on stockholders' plan to sell Tuesday, 16 Oct 2012 | 11:56 AM ET

    NEW YORK-- Shares of Tumi, which makes pricey luggage, fell Tuesday after the company said some shareholders, including the company's CEO and CFO, plan to sell stock.

  • EU Commissioner resigns in corruption scandal Tuesday, 16 Oct 2012 | 11:56 AM ET

    BRUSSELS-- EU Health Commissioner John Dalli has resigned over corruption allegations involving tobacco legislation, but denies wrongdoing. The EU Commission said in a statement Dalli resigned `'with immediate effect. " Snus sales are banned in the European Union, except in Sweden, which insisted on an exemption when it joined the EU.

  • SAfrica trade federation blames unrest on bosses Tuesday, 16 Oct 2012 | 11:55 AM ET

    JOHANNESBURG-- Mine bosses have aggravated South Africa's labor unrest by dismissing striking mineworkers, the Congress of South African Trade Unions said Tuesday, voicing strong support for thousands of workers who have staged wildcat strikes at gold and platinum mines across the country.

  • *Battery maker A123 files for bankruptcy protection Tuesday, 16 Oct 2012 | 11:50 AM ET
  • *Red Cross says 1-in-100 forced from homes Tuesday, 16 Oct 2012 | 11:49 AM ET
  • Iraq removes central bank head in corruption probe Tuesday, 16 Oct 2012 | 11:48 AM ET

    BAGHDAD-- Iraq abruptly removed the longtime governor of the country's central bank Tuesday after he and other bank officials were targeted in an investigation into alleged financial wrongdoing.

  • Key moments in Pandit's tenure as CEO of Citigroup Tuesday, 16 Oct 2012 | 11:48 AM ET

    Vikram Pandit stepped down Tuesday as CEO of Citigroup. _ April 2007: Old Lane hedge fund, which Pandit formed a year earlier, is acquired by Citi for $800 million. _ September 2008: Citi announces it will buy the struggling bank Wachovia at the height of the financial crisis.

  • News Summary: A123 files for bankruptcy protection Tuesday, 16 Oct 2012 | 11:45 AM ET

    SHORT CIRCUIT: Short of cash and hurting from weak sales of electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection on Tuesday and quickly sold its automotive assets. Auto parts maker Johnson Controls Inc. will buy the company's automotive business for $125 million.

  • News Summary: Roche 3Q drug sales rise 7 percent Tuesday, 16 Oct 2012 | 11:41 AM ET

    SALES JUMP: Powered by demand for its cancer drugs, Swiss drugmaker Roche on Tuesday reported a 7 percent increase in sales of its pharmaceutical products for the first nine months of 2012..

  • Forest Labs 2Q profit down, cuts year forecasts Tuesday, 16 Oct 2012 | 11:40 AM ET

    NEW YORK-- Forest Laboratories Inc. again cut its annual net income guidance and lowered its sales estimates Tuesday, citing lower sales of its Alzheimer's disease drug Namenda and other products along with greater expenses and higher taxes. Shares of Forest declined 91 cents, or 2.5 percent, to $35.69 in morning trading.

  • News Summary: Airline execs urge security overhaul Tuesday, 16 Oct 2012 | 11:38 AM ET

    CUTTING THE LINES: Airport security needs a radical overhaul to avoid more disgruntled passengers, longer lines and overwhelmed terminals, airline executives said at a global aviation conference in Abu Dhabi.

  • AmeriGas predicts net income above St. view Tuesday, 16 Oct 2012 | 11:37 AM ET

    NEW YORK-- Propane company AmeriGas Partners LP on Tuesday predicted net income for its current fiscal year that is above Wall Street expectations, if this winter has "normal" weather. For another profit measure that excludes interest expense, income taxes, acquisition costs and other one-time items, AmeriGas now expects $630 to $660 million.

  • IMF: pace of austerity must depend on economy Tuesday, 16 Oct 2012 | 11:34 AM ET

    PARIS-- The pace at which countries like Greece and Spain cut their deficits with austerity measures must depend on their economic conditions, International Monetary Fund Managing Director Christine Lagarde said Tuesday.

  • Savor the terroir, mer-roir?, of a farmed oyster Tuesday, 16 Oct 2012 | 11:27 AM ET

    A fast-growing cadre of Chesapeake Bay oyster farmers are banking on it. York River oysters, grown closer to the mouth of the Chesapeake Bay, are salty-sweet. Maryland officials overseeing the leasing of the waterways are eager to follow the example set in Virginia, which last year sold more than 23 million farmed oysters, up from fewer than 1 million in 2005..

  • Stocks higher on 3Q profits; Mattel jumps Tuesday, 16 Oct 2012 | 11:26 AM ET

    Inflation is low, earnings are high, investors are happy. Results at Mattel, Goldman Sachs, and Johnson& Johnson were all above expectations. Also Tuesday, the Labor Department said consumer prices rose just 0.1 percent last month, not counting food and energy costs.

  • News Summary: Mattel 3Q results beat expectations Tuesday, 16 Oct 2012 | 11:22 AM ET

    THE NEWS: Toy maker Mattel said Tuesday that cost cuts and higher revenue from toys including Monster High dolls and Fisher-Price helped send net income up 22 percent in the third quarter. But results indicate that Mattel is outperforming its rivals so far as it heads into the crucial holiday season, when toy makers can earn up to 40 percent of annual revenue.

  • AP source: Beyonce set for Super Bowl halftime Tuesday, 16 Oct 2012 | 11:21 AM ET

    A source familiar with Super Bowl XLVII told The Associated Press the Grammy-winning diva will take the stage at the halftime show on Feb. 3, 2013, at the Mercedes-Benz Superdome in New Orleans. The 31- year-old sang the national anthem at Super Bowl XXXVIII in 2004 in her hometown of Houston when the New England Patriots defeated the Carolina Panthers.

  • Division series' TV ratings down from last year Tuesday, 16 Oct 2012 | 11:18 AM ET

    NEW YORK-- Television ratings for baseball's division series are down from last year. Its two division series broadcasts _ Game 2 of Detroit- Oakland and Game 3 of St. Louis- Washington _ averaged a network-record 1.2 million viewers, whereas two afternoon games on TBS last season averaged nearly twice that. TBS is a unit of Time Warner Inc..