New York


  • Samsung China supplier sues US labor watchdog Thursday, 2 Oct 2014 | 4:20 AM ET

    SEOUL, South Korea— A Chinese supplier of Samsung Electronics Co. has filed a lawsuit accusing a New York- based labor watchdog of spreading false rumors of child labor, but the labor group says it has evidence to back up its report. Samsung said Thursday the lawsuit against China Labor Watch was filed in a Chinese court this week by HEG Electronics, which produces...

  • Gov't website for doc payments not up to snuff Thursday, 2 Oct 2014 | 3:12 AM ET

    WASHINGTON— Although it's called "Open Payments," the government's new website doesn't make it easy to find out whether your doctor is getting freebies, travel or other financial benefits from drug companies and medical device manufacturers. However, an Associated Press analysis found significant problems, including large chunks of missing information and...

  • Bill Gates dedicates new building at Cornell U. Thursday, 2 Oct 2014 | 3:01 AM ET

    ITHACA, N.Y.— Philanthropist and Microsoft co-founder Bill Gates has officially opened a new computer science building named in his honor on the Cornell University campus in Ithaca. The Bill and Melinda Gates Foundation donated $25 million toward the $60 million total cost of the project, which broke ground in 2012.. Cornell University President David...

  • The site, already partly occupied by warehouses and distribution facilities for Wal-Mart, Amazon and Federal Express, is where Elon Musk's electric car maker Tesla Motors plans a factory to make batteries, helped by more than $1 billion of incentives provided by Nevada. For Gilman, this dry, desolate slice of Storey County is where the old Nevada, symbolized by...

  • Asian stocks down on recovery, Ebola worries Thursday, 2 Oct 2014 | 12:16 AM ET

    KEEPING SCORE: Japan's Nikkei 225 index lost 1.7 percent to 15,815.45 points and South Korea's Kospi fell 0.9 percent to 1,973.31. SLOW GERMAN DATA: A survey showed German manufacturing unexpectedly contracted in September for the first time in 15 months, the latest sign Europe is being hurt by sanctions imposed on Russia over its role in Ukraine.

  • Oct 1- U.S. apartment vacancy rate rose by 10 basis points in the third quarter, while new construction accelerated to its second-highest quarterly rise since the fourth quarter of 2002, real estate research firm Reis Inc said in a report. New York remained the most expensive market in the country with effective rents registering $3,185 per month, a 47 percent...

  • METALS-London copper edges up as dollar rally pauses Wednesday, 1 Oct 2014 | 9:10 PM ET

    SYDNEY, Oct 2- London copper recovered slightly from three and a half month lows on Thursday in very thin volumes, with the dollar softening ahead of a key European Central Bank meeting. *The Shanghai Futures Exchange is shut for a week of holidays and will reopen Oct. 8. *Dwindling demand hurt factory activity across much of Asia and Europe in September, and mixed...

  • SINGAPORE, Oct 2- Gold added to small gains from the day before on Thursday, buoyed by risk-averse sentiment as weak global manufacturing data in the United States unnerved equity markets. *Stock markets worldwide closed out the first day of the fourth quarter on a weak note on Wednesday, weighed by disappointing manufacturing data from Europe and the United...

  • DIARY - Top economic Events to Oct 16 Wednesday, 1 Oct 2014 | 8:01 PM ET

    Treasury Secretary Jack Lew, U.S. Deputy Secretary Sarah Bloom Raskin participate in open meeting of the President's Advisory Council on Financial Capability for Young Americans in Washington- 1300 GMT. RICHMOND- Federal Reserve Bank of Richmond and the Kiel Institute for the World Economy hold two-day conference on "The Labor Market After the Great...

  • BUENOS AIRES, Oct 1- Argentina's central bank chief resigned on Wednesday after a long tussle with the Economy Ministry and was replaced with a regulator considered sympathetic to the interventionist stance of a government battling one of the world's highest inflation rates. The move drew a sharp negative reaction in financial markets, with the price of...

  • Allegiant Travel President and COO Levy resigns Wednesday, 1 Oct 2014 | 6:30 PM ET

    NEW YORK— Allegiant Travel said Wednesday that President and Chief Operating Officer Andrew Levy resigned his executive roles and will step down from the board of directors. He has been with the company for 13 years, and has been president of Allegiant since 2009. Allegiant said Chairman and CEO Maurice Gallagher Jr. will share Levy's duties with executive...

  • Final Glance: Homebuilders companies Wednesday, 1 Oct 2014 | 6:20 PM ET

    DR Horton fell$. 20 or 1.0 percent, to $20.32. Hovnanian Enterprises Inc. fell$. 07 or 1.9 percent, to $3.60. Pulte Homes Inc. fell$. 07 or. 4 percent, to $17.59.

  • Final Glance: Aerospace companies Wednesday, 1 Oct 2014 | 6:20 PM ET

    Boeing fell $2.71 or 2.1 percent, to $124.67. Lockheed Martin Corp. fell $4.89 or 2.7 percent, to $177.89. Northrop Grumman Corp. fell $3.74 or 2.8 percent, to $128.02.

  • Final Glance: Silver companies Wednesday, 1 Oct 2014 | 6:20 PM ET

    Hecla Mining Co. rose$. 07 or 2.8 percent, to $2.55. Pan American Silver Corp. rose$. 04 or. 4 percent, to $11.02. Silver Standard Resources Inc. fell$. 06 or 1.0 percent, to $6.04.

  • Final Glance: Consumer companies Wednesday, 1 Oct 2014 | 6:20 PM ET

    Colgate-Palmolive Co. fell$. 33 or. 5 percent, to $64.89. Kimberly-Clark Corp. fell$. 82 or. 8 percent, to $106.75. Procter& Gamble Co. fell$. 60 or. 7 percent, to $83.14.

  • Final Glance: Drug Benefits companies Wednesday, 1 Oct 2014 | 6:20 PM ET

    NEW YORK— Shares of some top drug benefits companies were down at the close of trading:. CVSCaremark fell$. 45 or. 6 percent, to $79.14. Express Scripts Holding Co. fell$. 56 or. 8 percent, to $70.07.

  • Final Glance: Banks companies Wednesday, 1 Oct 2014 | 6:20 PM ET

    Bank of America Corp. fell$. 23 or 1.3 percent, to $16.82. Citigroup Inc. fell$. 72 or 1.4 percent, to $51.10. Morgan Stanley fell$. 61 or 1.8 percent, to $33.96.

  • Final Glance: Internet companies Wednesday, 1 Oct 2014 | 6:20 PM ET

    eBay fell $1.17 or 2.1 percent, to $55.46. Groupon Inc. fell$. 12 or 1.7 percent, to $6.57. Yahoo fell$. 43 or 1.1 percent, to $40.32.

  • Final Glance: Computer companies Wednesday, 1 Oct 2014 | 6:20 PM ET

    Apple Inc s fell $1.57 or 1.6 percent, to $99.18. Hewlett Packard Co. fell$. 92 or 2.6 percent, to $34.55. International Business Machines Corp. fell $2.66 or 1.4 percent, to $187.17.

  • Final Glance: Machinery companies Wednesday, 1 Oct 2014 | 6:20 PM ET

    Caterpillar fell $1.42 or 1.4 percent, to $97.61. Deere& Co. fell$. 44 or. 5 percent, to $81.55. Terex fell$. 52 or 1.6 percent, to $31.25.