A former Goldman Sachs trader who pleaded guilty to fraudulently building a futures trade should repay $118 million to his former employer, U.S. prosecutors said.» Read More
*ICD buys Atlantis from Dubai World arm Istithmar. *Sale adds to series of asset sales by Dubai World this yr. DUBAI, Dec 5- A unit of Dubai World has sold its Atlantis resort, which sits at the head of a palm tree-shaped island in the emirate, as the state-owned group raises funds to meet huge debt repayments after a $25 billion restructuring in 2011..
LONDON, Dec 5- European shares looked to be stabilising after three days of sustained selling on Thursday, as focus turned to the European Central Bank's monthly meeting for any sign it is readying further support measures.
DETROIT, Dec 5- Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker's image and spur sales of its more expensive models. The car will be shown in Dearborn, Michigan, Shanghai, Sydney, Barcelona, New York and Los Angeles.
NEW YORK, Dec 5- For lawyers preparing to sue over Sunday's deadly New York commuter rail accident, their success in court may depend largely on two factors: whether human error caused the derailment and if state or federal law governs railroad safety in the case.
NEW YORK-- General Growth Properties Inc. will replace Molex Inc. in the benchmark S&P 500 index, S&P Dow Jones Indices LLC said Wednesday. That's the day the $7.2 billion sale of Molex, an information technology company, to privately held Koch Industries Inc. is expected to close.
NEW YORK, Dec 4- To hear his former aide tell it, even a client's death posed no problem for Bernard Madoff as he perpetrated his massive Ponzi scheme.
SYDNEY, Dec 5- Shopping mall giant Westfield Group said on Thursday it would buy the remaining 50 percent interest in New York's World Trade Center for $800 million, which will make the company the sole owner of the shopping mall.
NEW YORK-- Hair salon operator Regis Corp. said Wednesday it will no longer be paying dividends, noting it wasn't the best use of its excess capital. The announcement comes as the Minneapolis- based company said it was implementing a new capital allocation policy that preserves a strong balance sheet and prevents unnecessary dilution.
NEW YORK-- Shares of some top telecom companies were down at the close of trading:. AT&T Inc. fell$. 14 or. 4 percent, to $34.60. Verizon Communications Inc. fell$. 23 or. 5 percent, to $49.37.
Comcast Corp. rose$. 11 or. 2 percent, to $48.88. Walt Disney Co. rose$. 07 or. 1 percent, to $69.97. Gannett fell$. 64 or 2.5 percent, to $25.35.
American Electric Power Co. fell$. 01 or percent, to $46.86. Consolidated Edison Inc. Holding Co. rose$. 25 or. 5 percent, to $55.55. Dominion Resources Inc. fell$. 10 or. 2 percent, to $64.13.
Allergan fell$. 07 or. 1 percent, to $95.92. Baxter International Inc. fell$. 09 or. 1 percent, to $66.77. Boston Scientific Corp. fell$. 51 or 4.3 percent, to $11.31.
NEW YORK-- A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Access Midstream Partners LP: Approximately 3,524,500 shares changed hands, a 905.5 percent increase over its 65- day average volume. The shares fell $2.19 or 4.1 percent to $51.82.
BP PLC rose$. 19 or. 4 percent, to $46.77. ConocoPhillips fell $1.06 or 1.5 percent, to $71.41. Exxon Mobil Corp. rose$. 28 or. 3 percent, to $94.67.
Las Vegas Sands Corp. rose $2.81 or 3.9 percent, to $74.51. MGM Resorts International rose$. 45 or 2.3 percent, to $19.71. Marriott International Inc. fell$. 11 or. 2 percent, to $45.91.
Citizens First Corp.: Approximately 100 shares changed hands, a 95.7 decrease from its 65- day average volume. The shares rose$. 08 or. 8 percent to $9.22. FS Bancorp Inc.: Approximately 300 shares changed hands, a 95.7 decrease from its 65- day average volume.
NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. The shares fell$. 04 or. 2 percent to $23.90. The shares fell$. 02 or. 3 percent to $7.55.
Baxter International Inc. fell$. 09 or. 1 percent, to $66.77. Bristol-Myers Squibb Co. rose$. 12 or. 2 percent, to $51.08. Hospira rose$. 38 or 1.0 percent, to $40.21.
The shares fell $4.24 or 33.1 percent to $8.56. CAS Medical Systems Inc.: Approximately 1,039,200 shares changed hands, a 4,234.2 percent increase over its 65- day average volume. The shares rose$. 43 or 28.7 percent to $1.93.
Caterpillar rose$. 10 or. 1 percent, to $83.97. Deere& Co. rose $2.67 or 3.2 percent, to $85.38. Terex rose$. 14 or. 4 percent, to $36.38.