New York


  • US gas prices trickle lower except on coasts Wednesday, 3 Oct 2012 | 5:12 PM ET

    Motorists in California paid an average of $4.232 per gallon Wednesday. That's 45 cents higher than the national average and exceeded only by Hawaii among the 50 states. Prices in New York, Connecticut and New Hampshire are at or near highs for the year.

  • NEW YORK, Oct 3- Atlas Pipeline Partners has completed an expansion at its Wayonka natural gas processing facility in northwest Oklahoma, the company said on Wednesday. The new unit will add 200 million cubic feet per day of capacity at the plant, which receives natural gas and natural gas liquids from the Mississippi Lime fields in the region.

  • BHP may bid for Petrobras Gulf stake - WSJ Wednesday, 3 Oct 2012 | 5:07 PM ET

    is among the companies talking to Petrobras about buying a stake in the Brazilian state-led oil company's Gulf of Mexico oil fields, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Petrobras has said it is looking for a buyer for a portion of its multi-billion dollar Gulf of Mexico holdings.

  • Netflix, DR Horton, DR Horton are market movers Wednesday, 3 Oct 2012 | 5:06 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:. A Citi analyst maintained his "Buy" rating on the homebuilder's stock and raised his price target to $25 from $19 on margins.

  • Cotton rises in range bound trade buoyed by grains Wednesday, 3 Oct 2012 | 5:06 PM ET

    NEW YORK, Oct 3- Cotton prices rose for a third day on Wednesday in range bound trade as early seasonal selling waned and speculative buying emerged driven by a recovery in grains prices. New York cotton for December delivery. Today it got some help from the grain markets, "said Andy Ryan, risk management consultant at INTL FCStone.

  • Price of oil drops near $88 per barrel Wednesday, 3 Oct 2012 | 5:02 PM ET

    NEW YORK-- Oil prices fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand. On the New York Mercantile Exchange:. Benchmark crude fell $3.75, or 4.1 percent, to finish at $88.14 per barrel.

  • Marriott turned a profit in 3Q on higher prices Wednesday, 3 Oct 2012 | 5:00 PM ET

    NEW YORK-- Marriott International Inc. said Wednesday that it turned a bigger-than-expected profit in the third quarter on higher prices and strong occupancy rates. The results topped Wall Street's and Marriott's own expectations. Marriott is the first major hotel company to report earnings for the peak summer travel season.

  • TEXT-S&P raises Pall Corp rating to 'BBB+' Wednesday, 3 Oct 2012 | 4:59 PM ET

    --Port Washington, N.Y.- based filtration and separation equipment and products manufacturer Pall Corp.. has maintained solid credit measures, and we believe its financial policy will be sufficiently conservative to support a' BBB+' rating.

  • Embraer shares fall after downgrade Wednesday, 3 Oct 2012 | 4:55 PM ET

    NEW YORK-- Shares of Embraer SA lost 4 percent Wednesday after an analyst downgraded the Brazilian plane maker's stock citing weak demand for regional and business jets.

  • NEW YORK, Oct 3- U.S. crude futures fell 4 percent on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth, even after data showed U.S. crude stocks fell last week and other supportive U.S. data strengthened the dollar.

  • Seacrest: No problem with feuding judges Wednesday, 3 Oct 2012 | 4:52 PM ET

    NEW YORK-- Feuding divas on "American Idol"? Ryan Seacrest says that's just great. The show's host said Wednesday that things got intense between new judges Nicki Minaj and Mariah Carey during a tryout taping the previous day in Charlotte, N.C..

  • Birkenfeld, now living in New Hampshire, helped lead the IRS to collect hundreds of millions of dollars in U.S. taxes owed on money stashed in Swiss bank UBS AG, where he once worked. Despite the case, the IRS program, which was overhauled in 2006, has been criticized for moving too slowly. Confidentiality laws keep information about IRS payouts minimal.

  • US Quakers sell shares over Israel policy concerns Wednesday, 3 Oct 2012 | 4:40 PM ET

    Friends Fiduciary Corp., a Philadelphia nonprofit, sold its shares in Caterpillar Inc., Hewlett-Packard Co. and Veolia Environment after a review was requested by the Ann Arbor Friends Meeting.

  • Sector Wrap: Telecommunications equipment makers Wednesday, 3 Oct 2012 | 4:40 PM ET

    NEW YORK-- Telecommunications equipment makers were mixed in Wednesday trading after Adtran Inc., which offered a disappointing third-quarter forecast in late September, said it expects a significant revenue decline in the fourth quarter. Adtran makes equipment that links homes and businesses to the Internet.

  • American Airlines loses bid to block union vote Wednesday, 3 Oct 2012 | 4:35 PM ET

    Oct 3- American Airlines, Inc lost a court battle in its effort to block a union election vote by nearly 10,000 passenger service agents. Wednesday's decision by the 5th U.S. Circuit Court of Appeals in New Orleans came amid a separate labor dispute the airline's 8,000 pilots and its parent company, AMR Corp., which filed for bankruptcy in November.

  • The roughly $6 billion fund, run by Chase Coleman and Feroz Dewan, has been the darling of the investment community for its string of strong returns at a time when the average hedge fund is delivering only low single-digit returns. At the end of the second quarter the New York- based fund listed Apple Inc, Yandex NV and Google Inc.

  • NHL: We're still waiting for new union proposal Wednesday, 3 Oct 2012 | 4:27 PM ET

    NEW YORK-- The rhetoric is rising, while the time before the planned start of the NHL regular season is running out. "Not prepared to speculate on next steps at this point," NHL Deputy Commissioner Bill Daly told The Associated Press in an email on Wednesday. " Daly also said on Wednesday that the NHL has no timetable when it will start calling off regular-season games.

  • Exchanges cancel some Kraft stock trades Wednesday, 3 Oct 2012 | 4:21 PM ET

    NEW YORK-- Nasdaq and other exchanges cancelled some trades of Kraft Foods Group Inc. Wednesday following an unusual spike after the market opened. Kraft's shares opened at $45.55 before surging to $58.54. The issue comes only days after Kraft Foods and former Kraft snack business Mondelez International began trading as two separate companies.

  • Stocks edge up; H-P sinks on Whitman's outlook Wednesday, 3 Oct 2012 | 4:20 PM ET

    The market's gains were held in check by a slump in energy stocks and Hewlett-Packard's 13 percent plunge. "The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.

  • NEW YORK, Oct 3- NuVasive Inc:.