Bank profit up in 3rd quarter Industry profits beat the prior year for a 13th straight quarter, with 57.5 percent of banks reporting gains on earnings that increased from $34.4 billion in the previous quarter, the FDIC said in its Quarterly Banking Profile. The Air Force is authorized to buy as many as 14 booster cores over the next five years from potential competitors such as Space Exploration Technologies Corp., known as SpaceX and headed by billionaire Elon Musk, and Orbital Sciences Corp., Frank Kendall, the Pentagon's top weapons buyer, wrote in a Nov. 27 memo obtained by Bloomberg News. TELECOMVerizon must share networkVerizon Wireless must offer smaller competitors access to its nationwide networks for mobile Internet use, a federal court ruled Tuesday, turning aside the company's challenge to a federal regulation requiring sharing agreements.