New York


  • NEW YORK, Oct 9- U.S. natural gas futures reversed course and turned higher midday Tuesday after early selling, backed by a slightly colder turn in noon computer weather model projections. "It's all about weather, and it looks like the noon run turned a bit colder for the 11- to 15- day forecast," a New York- based trader said.

  • NEW YORK, Oct 9- United Refining Inc has agreed to buy Phillips 66' s marine terminal and associated assets near New York Harbor, a deal that will add a five-million-barrel oil storage facility to the company's northeast assets, the two companies said on Tuesday.

  • Former teen who had sex with Polanski writing book Tuesday, 9 Oct 2012 | 1:27 PM ET

    NEW YORK-- The former teen whom Roman Polanski was convicted of having sex with _ leading to one of Hollywood's most notorious scandals and the director's flight from the U.S. _ is writing a memoir. Samantha Geimer, now 47, has a deal with Atria Books for "The Girl: Emerging from the Shadow of Roman Polanski."

  • Murder for Hire Plot Broken Up: Cohn     Tuesday, 9 Oct 2012 | 1:24 PM ET

    CNBC's Scott Cohn reports Federal authorities in Brooklyn have broken up a murder for hire plot, hatched by a convicted "boiler room" operator who wanted to kill the judge and prosecutor in his case. He is accused of trying to hire a hit man from prison.

  • NEW YORK, Oct 9- Oil prices jumped on Tuesday, snapping a string of two lower settlements, as the threat of supply disruption in a tense Middle East countered concerns about slower growth and resulting sluggish demand for oil.

  • Oct 9- RBC Wealth Management, a division of the Royal Bank of Canada, said on Tuesday it added a team of veteran advisers from Morgan Stanley Wealth Management to join its Dallas office.

  • Shares of coal producers rise on hope for recovery Tuesday, 9 Oct 2012 | 1:07 PM ET

    NEW YORK-- The tickers of coal companies occupied the top of the Standard and Poor's 500 index Tuesday, with investors seeing a potential for miners to capitalize on cooler temperatures and higher natural gas prices.

  • Top Senate Democrat pushes tax hikes on wealthy Tuesday, 9 Oct 2012 | 11:58 AM ET

    WASHINGTON-- A top Senate Democrat said Tuesday that tax rates on the wealthy should go up and that tax breaks benefiting the middle class must be preserved.

  • S&P raises Fortress Investment Group rating to 'BBB' Tuesday, 9 Oct 2012 | 11:57 AM ET

    --New York- based alternative asset management company Fortress Investment Group. Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services raised its long-term counterparty credit rating on FIG LLC to' BBB' from' BBB-'. Accordingly, we analyze the entire Fortress Investment Group to arrive at our rating on FIG LLC.

  • TREASURIES-30-year bonds add to earlier gains Tuesday, 9 Oct 2012 | 11:53 AM ET

    NEW YORK, Oct 9- Prices of U.S. 30- year Treasury bonds rose 1 point near midday on Tuesday, as growing losses on Wall Street prompted by worries about a slowing global economy fed safe-haven purchases of less risky government debt. The yield on 30- year bonds was last 2.917 percent, down 5 basis points from Friday's close and below its 200- day moving average.

  • Stocks indexes slide following gloomy IMF forecast Tuesday, 9 Oct 2012 | 11:48 AM ET

    The slide comes on the five-year anniversary of record high closes for the Dow and S&P 500. After the closing bell, Alcoa becomes the first major U.S. company to report third-quarter results. Investors expect overall earnings to decline for S&P 500 companies.

  • ABM to buy Air Serv for about $158M Tuesday, 9 Oct 2012 | 11:45 AM ET

    NEW YORK-- Airport services provider ABM Industries Inc. said Tuesday that it reached a deal to buy Air Serv Corp. for about $158 million in cash. The company provides facility management services for airlines and freight companies at over 50 airports throughout the U.S. and United Kingdom. ABM shares fell 1 cent to $18.29 in morning trading.

  • U.S. crude futures extend gains to $2 Tuesday, 9 Oct 2012 | 11:38 AM ET

    November crude was up $1.89 at $91.22 a barrel at 11:36 a.m. EDT, having swung from $89.29 to $91.40.

  • NEW YORK, Oct 9- Oil prices rose more than 1 percent on Tuesday, after two sessions with lower settlements, as the threat of supply disruption in a tense Middle East countered concerns about slower growth and resulting sluggish demand for oil.

  • Variety being sold to Penske, Third Point - sources Tuesday, 9 Oct 2012 | 11:36 AM ET

    LOS ANGELES, Oct 9- Variety, the century-old entertainment trade newspaper once considered the bible of the movie industry, is being sold to online publisher Jay Penske and private equity firm Third Point LLC for about $25 million, two sources with knowledge of the deal told Reuters.

  • --We lowered our rating to' D' from' CCC-' on class K from Banc of America Large Loan Inc.' s series 2006- BIX1, a U.S.

  • TREASURIES-Bonds rise before three-year note sale Tuesday, 9 Oct 2012 | 11:32 AM ET

    *Growth, Greece worries stoke safety bids for bonds. NEW YORK, Oct 9- U.S. Treasuries prices rose on Tuesday in advance of a three-year debt sale as safe-haven bids for bonds emerged on anxiety about weak global growth and Greece's ability to meet the terms of a bailout.

  • Penn Virginia falls as co. announces 2 offerings Tuesday, 9 Oct 2012 | 11:30 AM ET

    NEW YORK-- Penn Virginia's stock declined more than 14 percent Tuesday after the oil and gas company announced a public stock offering and preferred equity offering. THE SPARK: Penn Virginia said Monday that it is offering 12 million shares of its common stock and $50 million in depositary shares.

  • Oct 9- New York's cash-hungry Metropolitan Transportation Authority is considering four different plans for bus and subway fare increases that would all raise $232 million a year, a local newspaper said on Tuesday.

  • Lebanon airline employee disciplined over remark Tuesday, 9 Oct 2012 | 11:28 AM ET

    BEIRUT-- An official said Tuesday that an employee of Lebanon's national airline MEA was fired after a passenger complained in a social media campaign that the worker humiliated travelers from the Philippines at the Beirut airport and told them over the loudspeaker, "Filipino people, stop talking."