New York


  • NEW YORK, Oct 4- PwC, the world's largest accounting firm, reported a record $31.5 billion in revenues in 2012 and forecast a big shift in business to developing markets, including the Middle East, despite prolonged civil unrest in the region.

  • Informatica plunges to 2-year low on 3Q outlook Thursday, 4 Oct 2012 | 3:33 PM ET

    NEW YORK-- Shares of Informatica Corp. tumbled Thursday after the business software maker forecast weak results in the third quarter, pointing to its struggling business in Europe. Informatica said it expects adjusted net income of 25 to 27 cents per share and $189 million to $191 million in revenue in the third quarter.

  • UPDATE 2-Sprint weighs rival bid for MetroPCS-sources Thursday, 4 Oct 2012 | 3:26 PM ET

    *Sprint may wait until after T-Mobile/ MetroPCS deal-source. *Sprint came close to buying MetroPCS in February-sources. NEW YORK, Oct 4- Sprint Nextel Corp is considering making a 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.

  • Brent crude settles 4 pct higher on Syria tensions Thursday, 4 Oct 2012 | 3:23 PM ET

    Brent November crude rose $4.41, or 4.08 percent, to settle at $112.58 a barrel, having traded from $108.02 to $112.69.

  • NEW YORK, Oct 4- U.S. Treasuries prices ended lower on Thursday as traders focused on a highly anticipated jobs report on Friday, and after minutes from the Federal Reserve's September policy meeting showed that Fed members were broadly in agreement over the need for additional stimulus.

  • They generated more than $1 million in annual revenue last year at Morgan Stanley Wealth Management, the brokerage formed out of the merger of Morgan Stanley's wealth business and Citigroup's Smith Barney in 2009..

  • *Facebook confirms billion-user mark, growth slows. NEW YORK/ SAN FRANCISCO, Oct 4- Facebook Inc.

  • U.S. Fed buys $19.3 bln mortgage bonds, sells none Thursday, 4 Oct 2012 | 3:05 PM ET

    NEW YORK, Oct 4- The Federal Reserve bought $19.3 billion in agency mortgage-backed securities from Sept. 27 to Oct. 3, less than the $21.9 billion it bought in the prior week, the New York Fed said on Thursday.

  • Oct 4- Boeing Co said on Thursday it doubled deliveries of its fuel-efficient 787 jets in the third quarter to 12, compared with six in the second quarter. Boeing is years behind its initial delivery schedule on the new light-weight, carbon-composite 787 aircraft after extensive development delays.

  • U.S. judges weigh British buyout mogul Hands' appeal Thursday, 4 Oct 2012 | 2:58 PM ET

    NEW YORK, Oct 4- British buyout mogul Guy Hands heard a panel of U.S. judges pick away at his lawyer's arguments in an appeal of the fraud case he lost to Citibank over his takeover of music group EMI.

  • NHL lockout forces canceled games through Oct. 24 Thursday, 4 Oct 2012 | 2:51 PM ET

    The announcement was made in a two-paragraph statement from the NHL. Unable to work out how to split up $3 billion in hockey-related revenues with the players' association, the NHL wiped out 82 games from Oct. 11 through Oct. 24 _ beginning with four next Thursday, which would have been the league's opening night.

  • NEW YORK, Oct 4- A billionaire's lawsuit over wine said to be owned by Thomas Jefferson has died on the vine. A federal appeals court in New York ruled on Thursday that William Koch, the founder of Oxbow Group energy company, had waited too long to file a lawsuit against Christie's auction house.

  • Oct 4- The U.S. Food and Drug Administration said it has cracked down on thousands of online pharmacies for selling potentially unsafe, unapproved or fake medicines, including the erectile dysfunction drug Viagra and antiviral Tamiflu.

  • Given Imaging shares rise on acquisition news Thursday, 4 Oct 2012 | 2:46 PM ET

    NEW YORK-- Shares of Given Imaging Ltd. rose Thursday, after the Israeli maker of pill-sized diagnostic cameras said it acquired a U.S.-based gastrointestinal diagnostics company.

  • NEW YORK, Oct 4- U.S. crude futures rose 4 percent on Thursday as inflamed tensions between Turkey and Syria, a weaker dollar and refinery fires pulled crude oil prices higher.

  • Oct 4- Li& Fung Ltd, a global supplier of apparel, is in advanced talks to buy Synergies Worldwide, a small, New York- based supplier, a source familiar with the matter said on Thursday. The move would help Hong Kong- based Li& Fung gain a better foothold in the fast fashion and discount clothing space.

  • NEW YORK, Oct 4- The heyday of Beatlemania may have been nearly 50 years ago, but the Beatles and their music remain loved, scrutinized and relevant to an adoring public forever clamoring for more details of the Fab Four. Editors of Life magazine compiled the photos into the book recently released by Time Home Entertainment Inc..

  • Brent crude rises $4 on Syria turmoil, weaker dollar Thursday, 4 Oct 2012 | 2:25 PM ET

    Brent November crude was up $4.01 at $112.18 a barrel at 2:22 p.m. EDT, having traded from $108.02 to $112.36.

  • HMS shares fall after it lowers guidance Thursday, 4 Oct 2012 | 2:24 PM ET

    HMS Holdings Corp.' s shares plunged Thursday after the healthcare benefits coordinator lowered its guidance. The company now expects to earn 55 to 60 cents per share for the year, down from its prior forecast of 58 to 64 cents per share. It dropped its annual revenue forecast to $480 million to $490 million, from a prior range of $500 million to $515 million.

  • Debate thrusts Big Bird into presidential campaign Thursday, 4 Oct 2012 | 2:19 PM ET

    "Saturday Night Live," Jimmy Fallon, Piers Morgan, the "Today" show and "Good Morning America" all asked for appearances from the "Sesame Street" character on Thursday after he was unexpectedly thrust into the presidential campaign by Mitt Romney.