The U.S. bull market is entering a new phase with stocks increasingly driven by earnings, says Patrick Chovanec, chief strategist at Silvercrest Asset Management.» Read More
The most popular motorsports series in Mexico will make its U.S. debut next season at Phoenix International Raceway. The NASCAR Toyota Series will run at Phoenix on March 1 in conjunction with the Sprint Cup, Nationwide and K&N West Series. NASCAR and PIR officials will hold a Tuesday news conference in Phoenix.
NEW YORK, Oct 1- BMC Software Inc is exploring a potential sale of the company and has retained Bank of America Merrill Lynch to assist with the strategic review, people familiar with the matter said on Monday.
NEW YORK-- Shares of Boston Beer Co. fell Monday after a UBS analyst highlighted concerns about stalling sales growth. That could mean overall revenue growth may be lower in 2013 than investors and Wall Street analysts expect. Boston Beer did not immediately respond to a request for comment.
Irene Tse, who headed the North America operations of the Chief Investment Office, told the firm she is resigning to focus on "entrepreneurial ventures," according to a memo on Monday from Chief Operating Officer Matt Zames, a copy of which was obtained by Reuters.
TRENTON, N.J.-- A New Jersey state Senate committee on Monday again advanced a bill to set up a state-run insurance exchange as a way to give uninsured people a way to buy health plans as part of the federal health insurance overhaul.
WASHINGTON, Oct 1- The U.S. Supreme Court on Monday refused to consider a Michigan blogger's challenge to the use of full-body scanners and thorough pat-downs of passengers at airport checkpoints.
WASHINGTON, Oct 1- The U.S. Supreme Court on Monday refused to consider a Michigan blogger's challenge of the use of full-body scanners and thorough pat-downs at airport checkpoints.
NEW YORK-- Kraft Foods Inc. will spin off of its North American grocery business after the market closes Monday, a move intended to let it focus on its global snack brands. The remaining company will be called Mondelez International Inc. and will be home to brands such as Oreo, Cadbury and Nabisco.
DeVry Inc. was one of the day's biggest gainers, rising $1.11, or 4.9 percent, to $23.87, after peaking at $25.02 earlier in the day.
By Chris Reese and Marius Zaharia. NEW YORK/ LONDON, Oct 1- The U.S.
Oct 1- The U.S. Securities and Exchange Commission likely will not need another full year to revise its definition of municipal adviser, despite delaying its deadline until 2013, Commissioner Elisse Walter said on Monday.
WASHINGTON, Oct 1- A precipitous drop in Iran's currency, the rial, shows that sanctions are cutting "deeper and deeper" into its economy, the United States said on Monday, reiterating Iran must rein in its nuclear program.
--U.S. pool supply retailer Leslie's Poolmart Inc. is refinancing its existing term loan and paying a dividend to shareholders. --We are assigning a' B' issue-level rating to the company's proposed seven-year $575 million term loan.
NEW YORK, Oct 1- U.S. natural gas futures ended higher on Monday for the fifth straight day, with Northeast and Midwest forecasts calling for cool weather for later this week and next week driving the front contract to a new high for the year. As gas prices push well above $3 per mmBtu gas could become less competitive with coal in the power generation market.
--U.S.-based Tenet Healthcare Corp. is proposing to issue $500 million senior secured notes due 2020 and $300 million of unsecured notes due 2020. The company will use the proceeds to repay existing debt and for other purposes including acquisitions.
Benchmark crude closed up 29 cents at $92.48 in New York. Brent crude, which is used to price international varieties of oil, fell 20 cents to $112.19 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.
SAN FRANCISCO, Oct 1- California's debt service costs will rise as the state plans to issue a combined $12.79 billon in new-money general obligation and lease revenue bonds in its current and next fiscal years, the state treasurer's office said in a report on Monday.
NEW YORK-- Wendy Weil, a beloved literary agent known for her low-key but determined style and for an eclectic clientele of groundbreaking and best-selling authors, from Alice Walker and Rita Mae Brown to Fannie Flagg and Mark Helprin, has died. "It's like a face fell off Mount Rushmore," Brown told The Associated Press.
Brent November crude fell 20 cents to settle at $112.19 a barrel, having traded from $111.47 a barrel to $113.27 a barrel.
With Pocono officially back on the IndyCar schedule after a 23- year absence, Carpenter wanted to pick up as many tips as possible from someone with experience at "The Tricky Triangle." The return to Pocono is being celebrated as a nod to IndyCar's history and tradition.