United States


  • Online schools face backlash as states question results Wednesday, 3 Oct 2012 | 7:54 AM ET

    In Maine, New Jersey and North Carolina, officials have refused to allow new cyber-schools to open this year, citing concerns about poor academic performance, high rates of student turnover and funding models that appear to put private-sector profits ahead of student achievement.

  • MetroPCS board ok's merger with T-Mobile USA -report Wednesday, 3 Oct 2012 | 7:52 AM ET

    FRANKFURT, Oct 3- The board of MetroPCS has approved to merge with Deutsche Telekom's T-Mobile USA unit, German newspaper Financial Times Deutschland said on its website on Wednesday, citing unidentified people familiar with the process. Deutsche Telekom, T-Mobile USA and MetroPCS could not immediately be reached for comment.

  • BRIEF-Harmony Gold Mining shares fall in New York Wednesday, 3 Oct 2012 | 7:51 AM ET

    NEW YORK, Oct 3- Harmony Gold Mining Company Ltd:.

  • BRIEF-MetroPCS Communications shares jump premarket Wednesday, 3 Oct 2012 | 7:46 AM ET

    NEW YORK, Oct 3- MetroPCS Communications Inc:.

  • U.S. stock index futures pointed to a slightly lower open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down between 0.01 and 0.08 percent at 1111 GMT. **SAREPTA THERAPEUTICS INC, Tuesday close $14.99, up 100 pct premarket. **B&G FOODS INC, Tuesday close $33.51, down 8.4 pct premarket.

  • RPM reports lower profit on one-time charges Wednesday, 3 Oct 2012 | 7:37 AM ET

    Oct 3- RPM International Inc's quarterly profit fell as the coatings and sealants maker incurred one-time charges. Profit fell to $33.9 million, or 26 cents per share, in the first quarter, from $76.8 million, or 59 cents per share, a year earlier. The Medina, Ohio- based company's shares closed at $26.63 on Tuesday on the New York Stock Exchange.

  • US STOCKS-Futures flat ahead of labor, services data Wednesday, 3 Oct 2012 | 7:32 AM ET

    NEW YORK, Oct 3- U.S. stock index futures were little changed Wednesday as expectations that Spain will request a bailout offset concern over a slowing Chinese economy, with modest volume indicating a pause ahead of the release of key U.S. data. *Automatic Data Processing releases its September employment report at 8:15 a.m. ET.

  • UPDATE 5-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 7:30 AM ET

    *China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday as weak economic data from Europe and China dimmed the outlook for demand, adding to concerns arising from Europe's festering debt crisis. Brent November crude futures had fallen 96 cents to $110.61 a barrel by 1054 GMT.

  • NEW YORK, Oct 3- The proportion of bullish U.S. investment advisors fell below 50 percent for the first time in five weeks, hitting 46.8 percent in the latest week versus 51 percent the prior week, according to a survey by Investors Intelligence on Wednesday.

  • Danish shipper asks Vitol if tanker used for Iran oil Wednesday, 3 Oct 2012 | 7:29 AM ET

    SINGAPORE, Oct 3- Danish oil and shipping group A.P. Moller Maersk says it will talk to Vitol to determine whether one of its tankers was used by the trading house to ship Iranian fuel oil. The cargo was transferred aboard the Danish tanker from Vitol's floating storage off Malaysia, the document shows, and shipped to storage in Singapore.

  • Bebe 1st-qtr sales miss estimates Wednesday, 3 Oct 2012 | 7:28 AM ET

    Oct 3- Women's apparel retailer Bebe Stores Inc. The company, which sells merchandise under Bebe Sport, bbsp, 2 b bebe and its namesake brand, faces an inventory glut, with a 12.5 percent increase in inventory per square foot as of Sept. 29. The Brisbane, California- based company's shares closed at $4.67 on the Nasdaq on Tuesday.

  • BRIEF-Best BUY shares up 4 pct in premarket trading Wednesday, 3 Oct 2012 | 7:09 AM ET

    NEW YORK, Oct 3- Best Buy Co Inc:. *Shares up 4 percent in premarket trading. ( (New York Treasury Desk; Tel: 223 6300)).

  • GLOBAL ECONOMY-Europe's woes deepen and China slows Wednesday, 3 Oct 2012 | 7:03 AM ET

    *Australia trade deficit balloons unexpectedly. LONDON, Oct 3- The euro zone's economic woes increased last month and China's slowdown looked likely to extend to a seventh quarter, surveys showed on Wednesday, but there was better-than-expected news on U.S. jobs.

  • NEW YORK, Oct 3- Applications for U.S. home mortgages surged last week as demand for refinancing rose to the highest level in more than three years, driven by a drop in interest rates to yet another record low, data from an industry group showed on Wednesday.

  • The findings appear to indicate that wealthy investors are optimistic about the stock market and their financial well-being, said Una Osili, director of research for the Center on Philanthropy at Indiana University, which conducts the biennial study.

  • TABLE-US mortgage applications surged last week-MBA Wednesday, 3 Oct 2012 | 7:00 AM ET

    NEW YORK, Oct 3- Select seasonally adjusted historical data from Mortgage Bankers Association's weekly mortgage application survey:.

  • INSIGHT-In California, the Mungers haunt Jerry Brown Wednesday, 3 Oct 2012 | 7:00 AM ET

    SAN FRANCISCO, Oct 3- California Governor Jerry Brown has a problem. Yet Molly Munger and Charles Munger Jr., children of Warren Buffett's business partner, Charles Munger, Sr., have together become Brown's worst nightmare as the November election approaches.

  • Ahead of the Bell: DineEquity upgraded Wednesday, 3 Oct 2012 | 6:47 AM ET

    Mark Kalinowski of Janney Capital Markets raised DineEquity Inc.' s rating to "Buy" from "Neutral." Kalinowski also says that Wall Street will likely find DineEquity easier to understand once it closes on the sale of some Applebee's locations. DineEquity shares closed at $56.53 on Tuesday.

  • *Retail trade rises 0.1 pct in August from July. BRUSSELS, Oct 3- Retail sales in the euro zone barely rose in August as motorists cut back spending on fuel during the normally busy driving months of the European summer, worried about the economy's slide towards recession.

  • Ahead of the Bell: US economy-services Wednesday, 3 Oct 2012 | 6:29 AM ET

    WASHINGTON-- U.S. service companies, which employ nearly 90 percent of the workforce, likely grew more slowly in September than August. Economists expect the Institute for Supply Management non-manufacturing index dipped to 53.5 in September, from 53.7 in August, according to a survey of economists by FactSet.