This issue occurred after Visual Studio 2012 installation. The issue resolved by replacing the cvtres.exe from VS2010 with the one from VS2012.Thank you to "social.msdn"
This MSDN thread explains how to fix it.To summarize: Either disable incremental linking, by going to Project Properties -> Configuration Properties -> Linker (General) -> Enable Incremental Linking -> "No (/INCREMENTAL:NO)" or install VS2010 SP1.Edits (@CraigRinger): Note that installing VS 2010 SP1 will remove the 64-bit compilers. You need to install the VS 2010 SP1 compiler pack to get them back.