New York


  • 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.

  • Brent, U.S. crude extend gains, up more than $2 Thursday, 4 Oct 2012 | 12:18 AM ET

    NEW YORK, Oct 4- Brent and U.S. crude futures rose more than $2 on Thursday as the turmoil in Syria reinforced fears about supply disruptions, and with the dollar weakening and Wall Street higher after European Central Bank's chief remarks encouraged hopes the euro zone debt crisis is being addressed.

  • BioSante will merge with ANI Pharma in stock deal Thursday, 4 Oct 2012 | 12:17 AM ET

    NEW YORK-- BioSante Pharmaceuticals Inc. said Thursday it will merge with ANI Pharmaceuticals in an all-stock deal worth about $94 million. BioSante valued the deal at $93 million to $95 million based on its current share price, according to a company spokesman.

  • *Barclays investment bank boss Ricci unveils management shake-up- memo. LONDON, Oct 4- Barclays announced a shake up at its investment bank on Thursday as the group tries to cut costs in a tough market and reduce risks to its reputation following the Libor scandal.

  • WASHINGTON, Oct 4- Republican hopeful Mitt Romney and President Barack Obama praised the deficit-cutting plan known as Simpson-Bowles at their debate on Wednesday, but neither has made the politically painful choices put forward by that scheme.

  • *Coming up: Baker Hughes rig data, CFTC trade data Friday. NEW YORK, Oct 4- U.S. natural gas futures traded slightly lower on Thursday, pressured by milder mid-month weather forecasts and a government report showing a weekly inventory build well above market expectations.

  • Romney, Obama both like Simpson-Bowles plan, to a point Thursday, 4 Oct 2012 | 12:08 AM ET

    WASHINGTON, Oct 4- Republican hopeful Mitt Romney and President Barack Obama praised the deficit-cutting plan known as Simpson-Bowles at their debate on Wednesday, but neither has made the politically painful choices put forward by that scheme.

  • 2 NYC auction houses to sell Warhol works in Nov. Thursday, 4 Oct 2012 | 12:07 AM ET

    NEW YORK-- Christie's will inaugurate its long-term partnership with the Andy Warhol Foundation to sell its collection with a daylong sale next month. It includes a Polacolor print of Liza Minelli estimated to sell for $15,000- $20,000. There's also a screenprint of Vladimir Lenin with a pre-sale estimate of $40,000- $60,000.

  • U.S. strip mall recovery stalls in the third quarter Thursday, 4 Oct 2012 | 12:01 AM ET

    *Demand for strip mall space drops in third quarter. NEW YORK, Oct 4- The nascent recovery at U.S. strip malls stalled in the third quarter as retail sales struggled. But large regional malls continued to rebound, driven by top-quality malls with high-end department and specialty stores, real estate research firm Reis Inc said Thursday.

  • Race to cut ETF costs may leave investors in the dark Thursday, 4 Oct 2012 | 12:00 AM ET

    NEW YORK, Oct 4- Exchange-traded funds are waging a price war that may save investors money on fees, but cheaper fund choices pose a greater risk because they may rely on new, more-opaque indexes.

  • Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt carrier. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was canceled last month.

  • UPDATE 1-Singapore to allow dual-class shares Wednesday, 3 Oct 2012 | 11:03 PM ET

    SINGAPORE, Oct 4- Singapore will allow companies to issue different classes of shares, its Finance Ministry said, a move that may in time help its stock exchange win new listings.

  • RPT-Danish shipper asks Vitol if tanker used for Iran oil Wednesday, 3 Oct 2012 | 10:56 PM ET

    SINGAPORE, Oct 3- Danish oil and shipping group A.P. Moller Maersk says it will talk to Vitol to determine whether one of its tankers was used by the trading house to ship Iranian fuel oil. The cargo was transferred aboard the Danish tanker from Vitol's floating storage off Malaysia, the document shows, and shipped to storage in Singapore.

  • MELBOURNE, Oct 4- Australian shares were up 0.2 percent on Thursday as banks rose while miners fell, with sentiment dented by soft retail sales figures for August and declines in oil and copper prices. Top banks continued this week's post rate-cut gains, led by a 1.2 percent rise in Westpac Banking Corp.

  • Asia stocks up on mildly positive US data Wednesday, 3 Oct 2012 | 10:48 PM ET

    Some investors remained cautious due to events in Spain. Spain is under pressure to ask for financial assistance from the European Central Bank to keep a lid on its borrowing costs but the government has been reluctant to do so because it may come with conditions on its budget.

  • UPDATE 1-Louis Dreyfus sells energy trading ops Wednesday, 3 Oct 2012 | 10:48 PM ET

    Oct 4- Louis Dreyfus Group and a unit of JPMorgan Chase& Co have agreed to sell their jointly owned energy trading business to two investor groups, the companies said on Thursday.

  • Wednesday's decision by the 5th U.S. Circuit Court of Appeals in New Orleans came amid a separate labor dispute by the airline's 8,000 pilots and its parent company, AMR Corp., which filed for bankruptcy in November.