Institutional Shareholder Services will pay $300,000 to settle civil charges that one of its employees shared sensitive nonpublic information about clients, the SEC says.» Read More
EWING, N.J.-- Antares Pharma Inc. said Wednesday that it plans to sell 12.5 million shares of its stock for $4 per share, raising about $47 million after expenses. Shares of Antares fell 37 cents, or 8.4 percent, to $4.03 in afternoon trading Wednesday. It has traded between $1.51 and $5.58 in the last 12 months.
ST. LOUIS-- Bakers Footwear Group on Wednesday filed for Chapter 11 bankruptcy protection citing weak sales and mounting losses. Bakers filed in the Eastern District of Missouri. It plans to continue an existing plan to reorganize the company by selling up to 52 leases to Aldo U.S. Inc., closing other stores and selling off merchandise from closed stores.
NEW YORK, Oct 3- U.S. crude futures fell 4 percent on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth, even after data showed U.S. crude stocks rose and other supportive U.S. data strengthened the dollar.
WASHINGTON, Oct 3- It's a sad, sticky and increasingly common situation: An elderly relative insists on managing his money, but you suspect he's losing his ability to handle that. Roughly 14 percent of people over 71 have some level of dementia, according to the National Institutes of Health.
WASHINGTON, Oct 3- The United States has taken steps to shut down several fake tech support scams that have cost consumers tens of millions of dollars, the Federal Trade Commission said on Wednesday.
Clinton says Tehran is responsible for the country's economic problems and Iran's currency hitting a record low against the U.S. dollar. Speaking Wednesday beside Kazakhstan's foreign minister, Clinton acknowledged that international sanctions have contributed to Iran's economic woes.
*Low-Priced Stock Fund uses cash as shock absorber. Tillinghast, manager of Fidelity's $33 billion Low-Priced Stock Fund, has cut his cash position by more than half in the past year to $1.9 billion, or 6 percent of assets.
*China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening outlook for petroleum demand, even as supportive U.S. data strengthened the dollar.
YEN FOR FLYING: The takeoff of AirAsia Japan, Peach Aviation and Jetstar Japan could change lifestyles in Japan. No longer will air travel be mostly confined to business trips and fancy vacations to places like Hawaii.
*Case pits Arkansas commission against U.S. Army Corps. WASHINGTON, Oct 3- The U.S. Supreme Court heard oral arguments on Wednesday in a case about the degree to which the federal government must pay damages when it releases water from a dam that causes temporary flooding for a property owner downstream.
*September sales down 21 pct in Toronto. TORONTO, Oct 3- Canada's post-recession property boom is displaying fresh signs of weakness, impeded by recent government mortgage-rule changes, with sales volumes dropping even as average prices rise, industry reports released on Wednesday showed.
CLEVELAND-- TransDigm Group Inc. said Wednesday it has asked lenders to increase its credit facility so that it can pay its shareholders a special dividend. The Cleveland- based aircraft parts maker said it is considering paying between $400 and $850 million to shareholders before the end of the year, using funds from the possible new debt financing.
NEW YORK-- Thoratec Corp. shares rose Wednesday after a UBS analyst upgraded the stock, saying he is more confident in the heart device maker's growth prospects. THE SPARK: Analyst Rajeev Jashnani raised his rating on Thoratec shares to "Buy" from "Neutral," and increased his price target to $39 per share from $35.
MARSHALL, Mich.-- The U.S. Environmental Protection Agency on Wednesday told Enbridge Inc. that the pipeline company's massive 2010 oil spill in the Kalamazoo River system requires more cleanup work. The agency says it informed Enbridge more work is need upstream from the Ceresco and Battle Creek dams and Morrow Lake.
ALBANY, N.Y.-- A state judge invalidated Binghamton's two-year moratorium on natural gas drilling, marking the first time a local law that would ban or delay hydraulic fracturing in New York has been struck down.
WASHINGTON-- Washington's Pennsylvania Avenue, sometimes called "America's Main Street," is being listed among the nation's endangered landscapes because of neglect and deferred maintenance by the National Park Service.
*Benchmark euro interbank rates hit record lows. ADVISORY- Reuters plans to discontinue its daily report on the money markets in New York as of Oct. 15.
Light synthetic crude for November delivery last sold for $9.75 a barrel over benchmark West Texas Intermediate, compared with $12 a barrel over WTI on Tuesday, according to Shorcan Energy Brokers. November Western Canada Select heavy blend was quoted at $11 a barrel under WTI, an 80- cent wider discount than on Tuesday.
Discussing the upcoming elections, and how the markets could react to a Romney or an Obama win, with Peter Boockvar, Miller Tabak, and Art Hogan, Lazard Capital Markets.
*Illumina machine turns around diagnosis in two days in pilot study. Stephen Kingsmore, director of the Center for Pediatric Genomic Medicine at Children's Mercy medical center in Kansas City, Missouri, whose study was published in the journal Science Translational Medicine.