New York


  • U.S. planned layoffs up slightly in Sept-Challenger Thursday, 4 Oct 2012 | 7:30 AM ET

    NEW YORK, Oct 4- The number of planned layoffs at U.S. firms in September rose 4.9 percent after hitting a 20- month low in August, a report on Thursday showed. Employers announced planned job cuts of 33,816 last month, up from 32,239 in August, according to the report from consultants C hallenger, Gray& Christmas, Inc..

  • *Sales from Costco, Limited, Zumiez top expectations. Retailers including Costco Wholesale Corp and Victoria's Secret operator Limited Brands Inc posted bigger-than-expected gains in September sales at stores open at least a year.

  • US STOCKS-Futures gain ahead of ECB meeting, U.S. data Thursday, 4 Oct 2012 | 7:26 AM ET

    NEW YORK, Oct 4- U.S. stock index futures rose on Thursday, ahead of a central bank decision in Europe and the release of U.S. data on the labor and manufacturing sectors. *The U.S. Labor Department releases first-time claims for jobless benefits for the week ended Sept. 29 at 8:30 a.m. EDT.

  • UPDATE 2-Spain meets debt hurdle on rescue hopes Thursday, 4 Oct 2012 | 6:59 AM ET

    *Yields fall on two of three bonds as investors await Spain rescue call. *Demand strong on all three bonds* International investors still shun Spain debt By Nigel Davies. Spain is at the sharp end of the euro zone debt crisis as it weighs applying for an aid package that would pave the way for the European Central Bank to buy its bonds.

  • The private equity firm named Phil Seskin as an industry executive in the communications vertical. Most recently, Seskin was senior vice-president of corporate development at Verizon Communications Inc.

  • Markets subdued ahead of Draghi briefing Thursday, 4 Oct 2012 | 6:01 AM ET

    LONDON-- Financial markets remained subdued Thursday in the run-up to the monthly policy meeting of the European Central Bank and another round of U.S. economic data. "Investors will be meticulously analyzing any indications... as to whether Spain is actually any closer to requesting a bailout," said Shavaz Dhalla, financial trader at Spreadex.

  • Poll shows dead heat in Connecticut Senate race Thursday, 4 Oct 2012 | 6:00 AM ET

    NEW YORK, Oct 4- The Connecticut U.S. Senate race is essentially tied one month before the November election, with Republican Linda McMahon leading Democratic U.S. Christopher Murphy by a single percentage point among likely voters, according to a Quinnipiac University poll released on Thursday.

  • By Saeed Azhar and Kelvin Soh SINGAPORE/ HONG KONG, Oct 4- Standard Chartered's. Six of Standard Chartered's 16 directors hold executive positions at the bank, including CEO Peter Sands, Finance Director Richard Meddings and Asia Chief Executive Jaspal Bindra.

  • LONDON, Oct 4- A leading media watchdog has accused Iran of trying to cow journalists into silence and self-censorship, adding to international pressure on Tehran over its treatment of activists and the press.

  • Quantum computing firm D-Wave gets $30 mln investment Thursday, 4 Oct 2012 | 5:00 AM ET

    *Canadian company D-Wave lands $30 million investment.

  • SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining, as investors eyed further interest rate cuts in the wake of soft retail sales data. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.

  • Australia shares close at 14-month high Thursday, 4 Oct 2012 | 2:31 AM ET

    SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.

  • Oil up slightly after positive US economic reports Thursday, 4 Oct 2012 | 1:34 AM ET

    Rising tensions between Syria and Turkey also contributed to higher prices, the geopolitical risk highlighting concerns about Middle East oil supplies. By early afternoon in Europe, benchmark oil for November delivery was up 62 cents to $88.76 a barrel in electronic trading on the New York Mercantile Exchange.

  • WASHINGTON, Oct 4- Republican Mitt Romney, seeking to counter his image as a billionaire friend of finance, stressed he wanted regulation of banks but blasted President Barack Obama for pursuing excessive reforms that he said were stifling the economy. You can't have a free market work without regulation, "said Romney, a former Massachusetts governor.

  • Barclays announced a shake up at its investment banking business aimed at streamlining the business in the face of a more challenging outlook for the industry. Wells Fargo's international group named Christopher Lewis as executive vice-president and head of global trade services.

  • BRIEF-Liquid Nutrition appoints Evan Brown as CFO Thursday, 4 Oct 2012 | 12:33 AM ET

    Oct 4- Liquid Nutrition Group Inc:. *Appoints evan brown as new chief financial officer. *Most recently, brown served as assistant controller of York capital.

  • Oct 4- Pfizer Inc said a late-stage trial of its vaccine to protect against pneumococcal bacteria suggested it would also work in adults aged 18-49, thereby possibly expanding its sales.

  • Sprint weighs rival bid for MetroPCS-sources Thursday, 4 Oct 2012 | 12:25 AM ET

    NEW YORK, Oct 4- Sprint Nextel Corp is weighing a potential rival bid for MetroPCS Communications Inc, which agreed on Wednesday to a merger with Deutsche Telekom AG's T-Mobile USA, according to sources familiar with the situation. Sprint Nextel could also wait until the MetroPCS-T-Mobile deal is complete before making a move, one of the sources said.

  • Too late for NY prosecution in securities meltdown Thursday, 4 Oct 2012 | 12:22 AM ET

    ALBANY, N.Y.-- While New York Attorney General Eric Schneiderman alleges massive fraud in mortgage-backed securities in a lawsuit filed this week, he's not criminally prosecuting anyone. The civil suit claims misconduct by Bear Stearns& Co. in 2006-2007 cost investors $22.5 billion in losses and left them holding an additional $30 billion in bad loans.

  • Dow Jones average climbs after jobs report Thursday, 4 Oct 2012 | 12:22 AM ET

    NEW YORK-- An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday. Aluminum giant Alcoa led the 30 stocks in the Dow with a 3.3 percent surge, rising 29 cents to $9.07.