Thomas West, attorney for Norse Energy, discusses why the company will sue New York State if the environmental impact report on fracking is not released soon. He says he's sure fracking can be done safely.» Read More
NEW YORK, Oct 10- A lawsuit claiming oil price manipulation by Arcadia Petroleum, Parnon Energy and two oil traders in early 2008 had no factual support, a lawyer for the defendants told a judge on Wednesday, but their accusers cited a potentially damaging email.
BANGKOK-- Asian stock markets fell Thursday after Spain, the fourth-largest euro economy, was slapped with a two-notch credit downgrade and the U.S. earnings season opened with a whimper.
SAN FRANCISCO, Oct 10- Google Inc Executive Chairman Eric Schmidt expects more than a billion mobile devices around the world to be running its Android software within a year, intensifying a battle with Apple Inc. Google and Apple were once close partners, with Schmidt serving on Apple's board during part of his tenure as Google CEO.
*Blackstone, KKR decline to comment. Oct 10- Top executives at some of the world's largest private equity firms, including KKR& Co LP and Blackstone Group LP, sent emails that allegedly show them plotting to scoop up companies on the cheap during last decade's buyout boom, according to court documents unsealed on Wednesday.
MELBOURNE, Oct 11- Australian shares recovered from session lows to be down 0.3 percent on Thursday, paring steeper losses after data showed a jump in jobs in September and more people looking for work.
SAN FRANCISCO, Oct 10- Google Inc Executive Chairman Eric Schmidt expects more than a billion mobile devices around the world to be running its Android software within a year, intensifying a battle with Apple Inc.
Oct 10- Online stock photography provider Shutterstock Inc priced its initial public offering of 4.5 million shares at $17 each, raising $76.5 million, the company said in a statement.
Oct 11- Strokes are most common in old age, but U.S. research suggests that lifestyle is putting younger people increasingly at risk for suffering strokes too. In their study of two U.S. states, researchers whose report appeared in the journal Neurology found that the rate of strokes among adults younger than 55 nearly doubled between 1993 and 2005..
NEW YORK, Oct 10- Money market pioneer Bruce Bent will testify on Thursday at a trial in which U.S. market regulators accuse him and his son of fraud as they tried to stop a run on their Reserve Fund in the September 2008 financial crisis.
SYDNEY, Oct 11- Australian shares fell 0.6 percent early on Thursday, following weak leads from Wall Street as U.S. equities sank on corporate warnings of slower growth, with investors waiting on local jobs data later in the morning for an update on the domestic economy.
ROCHESTER, N.Y.-- Eastman Kodak Co. said Wednesday it has asked a bankruptcy court judge to allow it to end retiree medical and some other benefits at the end of the year as part of its restructuring.
NEW YORK-- Standard& Poor's downgraded its rating on Spain's debt Wednesday by two notches, leaving it on the cusp of junk status. S&P also assigned a negative outlook to the rating, saying it could be further downgraded if Spain's economic conditions erode further.
Officials have identified Framingham, Mass., based-New England Compounding Center as the source of steroid shots suspected in the outbreak of rare fungal meningitis that has killed at least 12 people and made more than 130 others sick.
*S&P cites Spain recession and euro zone policy uncertainty. *Moody's and S&P both have Spain on cusp of junk rating. Moody's has Spain on review for a possible downgrade.
SAN FRANCISCO, Oct 10- Record-high retail prices for gasoline in California began to ease on Wednesday, receding from an unprecedented jump to $5 a gallon in some areas, even as further refinery disruptions threatened to slow the decline.
*Octavian plans to return bulk of money next year. BOSTON, Oct 10- Octavian Advisors, a roughly $1 billion hedge fund firm specializing in distressed investments, said it was shutting down, becoming the latest casualty of tough market conditions as it suffered double-digit losses.
MELBOURNE, Oct 11- Australian shares are likely to extend losses into a second day on Thursday after U.S. equities sank on corporate warnings of slower growth, though local price moves may be limited ahead of monthly jobs data.
NEW YORK, Oct 10- JPMorgan Chase& Co has made enough progress containing its $5.8 billion of derivatives losses and tightening its risk controls that the outlook for its credit rating has improved to stable from negative, Fitch Ratings said on Wednesday.
REGIONS STRONGER: The Federal Reserve's survey of business conditions around the country found that stronger housing markets had given a boost to economic growth in nearly every region of the country at the end of the summer.
NEW YORK-- Standard& Poor's is downgrading Spain's credit rating two notches to agency's lowest investment-grade level. S&P cited Spain's economic recession, high unemployment and social unrest. Spain's economy is shrinking and its banks are struggling under the weight of a collapsed real-estate market.