Thomas West, attorney for Norse Energy, discusses why the company will sue New York State if the environmental impact report on fracking is not released soon. He says he's sure fracking can be done safely.» Read More
NEW YORK, Dec 9- U.S. stocks edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve on whether the U.S. central bank would soon begin winding down its economic stimulus. The Dow industrials traded within 43.11 points from session high to intraday low, in the Dow's tightest daily range since Aug. 17, 2012.
NEW YORK, Dec 9- Merck& Co Inc said on Monday that it was prepared to pay $27.7 million to settle lawsuits by hundreds of people who sued the company over allegations that its osteoporosis drug Fosamax caused bones in the jaw to deteriorate.
NEW YORK, Dec 9- Stock markets worldwide rose on Monday and the euro climbed to a six-week high against the dollar after encouraging trade and inflation data from China, but uncertainty about the outlook for U.S. monetary policy limited moves.
*Fed bought $1.48 billion bonds due 2038 and 2043. The Fed bought $1.48 billion in bonds due 2038 and 2043 and $3.18 billion in Treasury coupons due 2021 to 2023. Once those Fed operations were complete, the market focused on the $64 billion in three-, 10- and 30- year supply coming this week and more supply coming after that.
*SPDR Gold Trust holdings drop. NEW YORK/ LONDON, Dec 9- Gold rose 1 percent on Monday after a late-session rally spurred by a dollar drop and technical support that prompted funds to establish new positions, traders said.
NEW YORK, Dec 9- Merck& Co has agreed to settle hundreds of lawsuits over jaw injuries allegedly caused by the osteoporosis drug Fosamax, lawyers disclosed at a court hearing Monday.
WASHINGTON, Dec 9- U.S. household net worth hit a record high in the third quarter as home prices marched up and the value of stocks and mutual funds surged, a hopeful sign for the economic recovery. The Federal Reserve said on Monday household wealth increased $1.9 trillion to $77.3 trillion in the third quarter, the highest level since records started in 1945..
DALLAS, Dec 9- American Airlines Group, the world's biggest airline after AMR Corp's merger with US Airways Group, intends to take advantage of its broad global network to win more corporate customers, the company's president said. American Airlines parent AMR Corp and US Airways sealed their $18 billion merger on Monday.
NEW YORK, Dec 9- U.S. stocks advanced modestly on Monday after positive Chinese trade and inflation data, while remarks by top Federal Reserve officials about the outlook for slowing the Fed's stimulus had little impact on the market.
OSI Systems Inc. fell 33.1 percent to $43.32. conatus Pharmaceuticals Inc. fell 9.7 percent to $6.03. Array BioPharma Inc. fell 8.7 percent to $5.46.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Alpha Natural Resources Inc. rose 9.6 percent to $7.20 with 11,074,100 shares traded. Bank of America Corp. rose. 1 percent to $15.58 with 28,342,400 shares traded.
NEW YORK-- A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. Genie Energy Ltd. fell 20.7 percent to $12.40. Oil-Dri Corp. fell 11.1 percent to $36.13.
Autozone Inc. fell $1.42 or. 3 percent, to $458.18. Bed Bath& Beyond Inc. fell$. 21 or. 3 percent, to $77.92. Best Buy rose$. 47 or 1.1 percent, to $41.52.
NEW YORK-- A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. Sysco Corp. rose 11.4 percent to $38.22. InterOil Corp. rose 10.2 percent to $61.15.
Hecla Mining Co. rose$. 04 or 1.3 percent, to $2.84. Pan American Silver Corp. rose$. 20 or 2.0 percent, to $10.49. Silver Standard Resources Inc. rose$. 15 or 2.6 percent, to $5.95.
Kroger rose$. 12 or. 3 percent, to $40.56. Safeway fell$. 26 or. 8 percent, to $32.81. Supervalu rose$. 04 or. 6 percent, to $6.40.
Kelly Services Inc. class A rose$. 33 or 1.4 percent, to $23.60. Korn/Ferry International Inc. fell$. 14 or. 6 percent, to $24.22. ManpowerGroup rose$. 64 or. 8 percent, to $81.70.
NEW YORK-- Shares of some top telecom companies are mixed at 1 p.m.:. AT&T Inc. rose$. 13 or. 4 percent, to $34.66. Verizon Communications Inc. fell$. 14 or. 3 percent, to $49.34.
American Electric Power Co. fell$. 43 or. 9 percent, to $46.67. Consolidated Edison Inc. Holding Co. fell$. 50 or. 9 percent, to $55.35. Dominion Resources Inc. fell$. 73 or 1.1 percent, to $63.70.
Ariad Pharmaceuticals Inc. fell. 2 percent to $4.06 with 9,962,500 shares traded. Cisco Systems Inc. was unchanged at $21.29 with 18,658,300 shares traded. Facebook Inc. rose. 5 percent to $48.20 with 19,690,500 shares traded.