New York


  • 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.

  • 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.

  • 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.

  • 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."

  • Analyst: Interpublic poised for growth in 2013 Tuesday, 9 Oct 2012 | 11:27 AM ET

    NEW YORK-- A Citi analyst on Tuesday upgraded Interpublic Group of Cos. to "Buy" from "Neutral," saying that the company is poised to rebound next year after a tough 2012.. THE BACKGROUND: Interpublic, along with other advertising companies, had a rough time this year.

  • TEXT-Fitch maintains TDA CAM on watch negative Tuesday, 9 Oct 2012 | 11:25 AM ET

    Oct 9- Fitch Ratings has maintained 26 tranches of 11 TDA CAM transactions, a series of Spanish RMBS transactions on Rating Watch Negative. The notes were initially placed on RWN on 3 April 2012 following the downgrade of Confederacion Espanola de Cajas de Ahorros, which acts as the account bank, basis swap provider and agent in all 11 transactions.

  • Wal-Mart is testing same-day delivery for holidays Tuesday, 9 Oct 2012 | 11:20 AM ET

    NEW YORK-- Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season. The tests, which started this month, are taking place in northern Virginia, Philadelphia, Minneapolis and San Francisco and San Jose, Calif. About 5,000 items will be available for the same-day service.

  • New show opens Parisian window onto artist Hopper Tuesday, 9 Oct 2012 | 11:16 AM ET

    *France's first major retrospective of Edward Hopper opens in Paris. PARIS, Oct 9- A major retrospective of Edward Hopper opening in Paris overturns some of the cliches about the 20th- century artist, uncovering the French and broader European influences that lie behind his label as the consummate "American" scene-painter.

  • NYC's Henry Hudson Bridge going cashless Tuesday, 9 Oct 2012 | 11:04 AM ET

    NEW YORK-- New York City's Henry Hudson Bridge is going cashless. Unmanned, cashless toll booths are being introduced on the Bronx- Manhattan crossing beginning Nov. 10. The toll remains the same: $2.20 with E-ZPass and $4 without.

  • Stocks indexes slip following gloomy IMF forecast Tuesday, 9 Oct 2012 | 11:04 AM ET

    Indexes fell on Wall Street as investors reacted to another weak forecast on the global economy and ahead of the traditional start of earnings season: results from Alcoa, the aluminum maker and economic bellwether, which come out after the closing bell.