It didn't take Joey Flotteron very long to realize that Wall Street was not for him. But watersports are.» Read More
NEW YORK, Sept 2- U.S. "There is a little bit more of a reality check of what that actually would look like, how you would implement it, and then down the road how you would exit from that," said George Rusnak, managing director of global fixed income for Wells Fargo Private Bank in Princeton, New Jersey, in reference to the potential ECB stimulus.
NEW YORK, Sept 2- New York state's attorney general on Tuesday accused regional bank Evans Bancorp of illegally discriminating against African-Americans in Buffalo by denying them mortgages.
NEW YORK— Darden Restaurants offered more concessions to activist investor Starboard Value on Tuesday in a fight for control of the Olive Garden parent. Darden Restaurants Inc., the owner of restaurant chains such as Olive Garden, Bahama Breeze and LongHorn Steakhouse, offered to let Starboard select three directors with the company's support in July.
*Weak factory data in China, Europe stoke oil demand fears. NEW YORK, Sept 2- Brent crude oil futures fell to the lowest level in 16 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pushed U.S. prices to a seven-month low.
NEW YORK— Apple says that some celebrity accounts were deliberately targeted and hacked, leading to the posting of nude photos online. The FBI said Monday that it was addressing allegations that online accounts of several celebrities, including Oscar-winner Jennifer Lawrence, had been hacked, leading to the posting of their nude photographs online.
NEW YORK— A federal appeals court has expressed concern about the government's bulk collection of millions of Americans' telephone records. Questions about the scope of the program arose during arguments Tuesday before the 2nd U.S. Circuit Court of Appeals in Manhattan. Groups including the American Civil Liberties Union appealed a judge's December ruling.
NEW YORK— Home Depot may be the latest retailer to suffer a credit card data breach. "Protecting our customers' information is something we take extremely seriously, and we are aggressively gathering facts at this point while working to protect customers," said Paula Drake, a spokeswoman at Home Depot, declining to elaborate.
DETROIT— More than a year after Detroit filed for the largest public bankruptcy in U.S. history, a federal judge is hearing evidence on whether he should approve the city's plan to emerge from billions of dollars in debt. For decades, Detroit paid its bills by borrowing money while struggling to provide the most basic of services for residents.
WASHINGTON, Sept 2- U.S. manufacturing activity hit a nearly 3-1/ 2- year high last month and construction spending rebounded strongly in July, signs the economy entered the third quarter on strong footing. "Things continue to fall into place for our view that growth should accelerate in the year's back half," said Dan Greenhaus, chief strategist at BTIG in New York.
*Dollar General ups Family Dollar bid. *Digital Ally shares extend rally. Noble Corp was the biggest loser among the S&P energy names, falling 3.3 percent, while Ensco PLC fell 3.1 percent.
NEW YORK— McDonald's said it will monitor its suppliers in China more closely after a food-safety scandal in the country hurt the hamburger chain's sales and reputation. McDonald's, based in Oak Brook, Illinois, reported a 7.3 percent drop in July sales at its restaurants in Asia, the Middle East and Africa.
Kohl's Corp. rose$. 39 or. 7 percent, to $59.18. Macy's Inc. fell$. 19 or. 3 percent, to $62.10. Nordstrom fell$. 34 or. 5 percent, to $68.91.
Hecla Mining Co. fell$. 13 or 3.8 percent, to $3.15. Pan American Silver Corp. fell$. 15 or 1.0 percent, to $14.21. Silver Standard Resources Inc. fell$. 32 or 3.4 percent, to $9.05.
General Electric Co. fell$. 18 or. 7 percent, to $25.80. Snap-On rose$. 02 or percent, to $124.97. Whirlpool Corp. fell$. 23 or. 2 percent, to $152.79.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Bank of America Corp. rose. 2 percent to $16.13 with 29,924,500 shares traded. Ford Motor Co. rose. 7 percent to $17.53 with 10,843,600 shares traded.
Becton, Dickinson& Co. fell$. 33 or. 3 percent, to $116.84. Patterson fell$. 08 or. 2 percent, to $40.19. PerkinElmer fell$. 08 or. 2 percent, to $44.77.
Apple Inc s rose$. 82 or. 8 percent, to $103.32. Hewlett Packard Co. fell$. 13 or. 3 percent, to $37.87. International Business Machines Corp. fell $1.27 or. 7 percent, to $191.04.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. GP Strategies Corp. rose 8.7 percent to $27.41. Castlight Health Inc. rose 6.8 percent to $12.72.
Apollo Group rose$. 13 or. 5 percent, to $27.90. Career Education Corp. rose$. 07 or 1.3 percent, to $5.56. Strayer Education Inc. fell $1.05 or 1.7 percent, to $59.67.
Aflac Inc. fell$. 11 or. 2 percent, to $61.13. American International Group fell$. 50 or. 9 percent, to $55.56. MBIA rose$. 01 or. 1 percent, to $10.44.