Andrew Cuomo told New York insurers that gender reassignment must be covered as is required under state law, reports the New York Times.» Read More
NEW YORK, Oct 3- U.S. "I think we're in a wait and see mode, we are awaiting minutes and then all eyes will be focused on the payroll data," said Sean Simko, senior portfolio manager at SEI Investments in Oaks, Pennsylvania.
*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.
NEW YORK, Oct 3- Nasdaq canceled some trades in shares of Kraft Foods Group that had pushed the stock up about 29 percent in just one minute, the latest in a string of trading glitches that have rattled market confidence. During the one-minute period, Kraft shares surged as high as $58.54 after opening at $45.44.
For the second year in a row, the Bay State topped an annual state index, which offers a comprehensive look at entrepreneurship. Did you say Minnesota?
*SEC says eBX gave outside firm customer order data. *eBX to pay $800,000 to settle SEC charges. The SEC alleged that eBX erroneously told its users that their buy and sell orders would not be shared outside the company, but an outside technology firm was allowed to use the data for its own business interests.
WASHINGTON, Oct 3- Boston- based dark pool operator eBX LLC on Wednesday agreed to pay an $800,000 penalty to settle civil charges that it had failed to protect its subscribers' confidential trading information.
LONDON/ NEW YORK, Oct 3- The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.
NEW YORK, Oct 3- U.S. companies added more jobs than expected in September, while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.
NEW YORK-- Shares of Sarepta Therapeutics Inc. nearly tripled in value Wednesday after the company reported positive clinical data for its Duchenne muscular dystrophy drug eteplirsen. Eteplirsen is Sarepta's most advanced drug candidate, and in morning trading the stock jumped $25.70 to $40.69.
PORT GIBSON, Miss.-- Entergy Corp. has locked out union security workers at its nuclear plant near Port Gibson, Miss., after contract negotiations with the United Government Security Officers of America Local 36 failed.
PAUL EDELSTEIN, ECONOMIST, IHS GLOBAL INSIGHT, LEXINGTON, MASSACHUSETTS. But exports orders fell again given what's happening in Europe and China and employment also slowed from August. If things don't deteriorate further in Europe and China, we should avoid a recession but the economy will not expand fast enough to create more job growth. "
NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday. STEVEN WOOD, CHIEF ECONOMIST, INSIGHT ECONOMICS, DANVILLE, CALIFORNIA. THOMAS DI GALOMA, MANAGING DIRECTOR, NAVIGATE ADVISORS, STAMFORD, CONNECTICUT.
THOMAS DI GALOMA, MANAGING DIRECTOR, NAVIGATE ADVISORS, STAMFORD, CONNECTICUT. WILLIAM LARKIN, FIXED INCOME PORTFOLIO MANAGER, CABOT MONEY MANAGEMENT, SALEM, MASSACHUSETTS. STEPHEN STANLEY, CHIEF ECONOMIST, PIERPONT SECURITIES, STAMFORD, CONNECTICUT.
NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday. WILLIAM LARKIN, FIXED INCOME PORTFOLIO MANAGER, CABOT MONEY MANAGEMENT, SALEM, MASSACHUSETTS. STEPHEN STANLEY, CHIEF ECONOMIST, PIERPONT SECURITIES, STAMFORD, CONNECTICUT.
NEW YORK, Oct 3- U.S. The impact was not dramatic, though, because the report has not been a good immediate predictor of job growth as reported by the U.S. Labor Department each month. "The market reaction was muted," said Eric Stein, vice president and portfolio manager at Eaton Vance Investment Managers in Boston. "
BOSTON, Oct 3- Teams tasked with creating new products or technologies or improving existing ones need tension to produce breakthroughs, and tension comes from diverse points of views, says Harvard Business Review. The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org.
BOSTON-- Phil Rymsha is turning away apple pickers and cider lovers from his northern Massachusetts orchard this fall because there simply aren't enough apples on his trees.
MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians based outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the performers' average salary by $46,000 a year.
*ADP payrolls report slightly stronger than forecast. NEW YORK, Oct 3- U.S. "There's rate-locking and traders are adding to steepening exposure," said Tom di Galoma, managing director at Navigate Advisors LLC in Stamford, Connecticut. "