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  • Suit: Firm provided tainted meds in 2002, man died Wednesday, 10 Oct 2012 | 6:50 PM ET

    Officials have identified Framingham, Mass., based-New England Compounding Center as the source of steroid shots suspected in the outbreak of rare fungal meningitis that has killed at least 12 people and made more than 130 others sick.

  • News Summary: Fed says housing lifts growth Wednesday, 10 Oct 2012 | 6:15 PM ET

    REGIONS STRONGER: The Federal Reserve's survey of business conditions around the country found that stronger housing markets had given a boost to economic growth in nearly every region of the country at the end of the summer.

  • California gas prices drop by a half-penny Wednesday, 10 Oct 2012 | 6:09 PM ET

    LOS ANGELES-- California gas prices dipped a half-penny Wednesday, the first drop after a week that saw prices surge a record 50 cents. Gas prices rose more than 50 cents a gallon between Oct. 1 and Oct. 8, from $4.168 to a record $4.671, the largest one-week price spike in California history, AAA spokesman Avery Ash said.

  • 2 dead, 1 trapped in Fla. parking garage collapse Wednesday, 10 Oct 2012 | 6:04 PM ET

    MIAMI-- A section of a parking garage under construction at a community college collapsed Wednesday, killing two people and trapping two others in the rubble, officials said. At least 10 other workers were hurt when the roof of the five-story concrete garage fell, creating a pancake-style collapse on the campus of Miami-Dade College, officials said.

  • S&P cuts Spain rating to lowest investment grade Wednesday, 10 Oct 2012 | 5:59 PM ET

    NEW YORK-- Standard& Poor's is downgrading Spain's credit rating two notches to agency's lowest investment-grade level. S&P cited Spain's economic recession, high unemployment and social unrest. Spain's economy is shrinking and its banks are struggling under the weight of a collapsed real-estate market.

  • Hawaii hotel rates hit all-time high in August Wednesday, 10 Oct 2012 | 5:55 PM ET

    HONOLULU-- Average hotel room prices hit an all-time high in Hawaii in August as tourist spending rose and visits from Japan, Korea, China and other markets spiked, a tourism analysis firm said Wednesday.

  • A look at large auto industry recalls Wednesday, 10 Oct 2012 | 5:51 PM ET

    _ Oct. 10, 2012: Toyota announces the largest single recall in its history, 7.43 million vehicles globally to fix faulty power-window switches that can cause fires. _ Jan. 21, 2010: Toyota announces U.S. recall of 2.3 million vehicles to fix gas pedals that can stick and cause unintended acceleration.

  • Ruby Tuesday shares slump following 1Q earnings Wednesday, 10 Oct 2012 | 5:50 PM ET

    MARYVILLE, Tenn.-- Ruby Tuesday Inc. said Wednesday that its net income declined in the fiscal first quarter ended Sept. 4 on costs related to its search for a new CEO. Investors were not impressed, and Ruby Tuesday shares lost 51 cents, or 7.3 percent, to $6.51 in after-hours trading.

  • Auto industry recalls at a glance Wednesday, 10 Oct 2012 | 5:47 PM ET

    _ Oct. 10, 2012: Toyota announces the largest single recall in its history, 7.43 million vehicles globally to fix faulty power-window switches that can cause fires. _ Jan. 21, 2010: Toyota announces U.S. recall of 2.3 million vehicles to fix gas pedals that can stick and cause unintended acceleration.

  • A look at Toyota's global sales by region Wednesday, 10 Oct 2012 | 5:37 PM ET
  • Chicago mayor repeats call for pension reform Wednesday, 10 Oct 2012 | 5:35 PM ET

    CHICAGO-- Mayor Rahm Emanuel proposed a new city budget Wednesday that he says will put more police officers on Chicago's streets and more kids in early childhood education without raising taxes or fees. But he warned that without pension reform from Springfield, the financial gains the city has made "will go out the window."

  • Barnes & Noble shares rise on Nook preorders Wednesday, 10 Oct 2012 | 5:34 PM ET

    NEW YORK-- Shares of Barnes& Noble rose Wednesday after the CEO said advance orders of its new Nook e-readers are much higher than for past Nook devices. That's good news because Barnes& Noble, the largest traditional U.S. bookseller, is investing heavily in its e-book readers and digital library to ward off tough competition from online retailers and discounters.

  • A look at Toyota's safety struggles Wednesday, 10 Oct 2012 | 5:32 PM ET

    Toyota is recalling 7.43 million vehicles worldwide to fix faulty power-window switches. Here is a timeline of the earlier safety woes at Toyota:. _ Oct. 5, 2009: Toyota recalls 3.8 million Toyota and Lexus vehicles in the U.S. because floor mats could catch the gas pedal.

  • Tablets, electronic toys high on layaway lists Wednesday, 10 Oct 2012 | 5:21 PM ET

    Wal-Mart, Kmart and Toys R Us all report toys like kids' tablet LeapPad2, robotic pet Furby, and Power Wheels battery-powered cars are all popular layaway items.

  • Annaly Capital names co-CEO Wednesday, 10 Oct 2012 | 5:14 PM ET

    NEW YORK-- Annaly Capital Management Inc. said Wednesday that it appointed Wellington Denahan-Norris co-CEO to allow the company's chairman and CEO Michael A.J. Farrell to focus on his treatment for cancer. Annaly also appointed senior executives Kevin G. Keyes and James P. Fortescue as the company's president and chief operating officer, respectively.

  • Week's exit from stock funds biggest since 2011 Wednesday, 10 Oct 2012 | 5:12 PM ET

    WASHINGTON-- Investors withdrew cash from stock mutual funds for the 11th consecutive week during the period ended Oct. 3, removing money at the fastest pace in more than a year. Investors withdrew a net $10.6 billion from U.S. stock funds, the Investment Company Institute said in a preliminary report Wednesday.

  • US affirms steep tariffs on China solar panels Wednesday, 10 Oct 2012 | 5:11 PM ET

    In one of the largest trade cases the U.S. has pursued against the Asian superpower, the Commerce Department said China's government is subsidizing companies that are flooding the U.S. market with low-cost products _ a tactic known as "dumping."

  • Garage builder in Fla. looks for cause of collapse Wednesday, 10 Oct 2012 | 5:07 PM ET

    MIAMI-- The company overseeing construction of a community college parking garage in Florida says it's working to find out why it collapsed. Ajax Building Corporation released a statement Wednesday, extending its sympathies to the family of the worker killed in the collapse and those who were injured.

  • Yum Brands, FedEx, Alcoa are market movers Wednesday, 10 Oct 2012 | 5:06 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:. Yum Brands Inc., up $5.28 at $70.99. FedEx Corp., up $4.41 at $89.99.

  • Oil ends lower, near $91 a barrel Wednesday, 10 Oct 2012 | 5:01 PM ET

    On the New York Mercantile Exchange:. Benchmark crude fell $1.14 to finish at $91.25 per barrel. Heating oil rose 1 cent to finish at $3.21 a gallon.