New York


  • VIT supporters defend record running Va. ports Friday, 5 Oct 2012 | 10:25 AM ET

    NORFOLK, Va.-- Virginia International Terminals Inc. defended its record as the operator for the Virginia Port Authority on Thursday, saying its past success is irrefutable. The state created Virginia International Terminals in 1983.. VIT promotes Virginia and Virginia only, "said Joseph Ruddy, executive vice president for Virginia International Terminals.

  • NEW YORK, Oct 5- U.S. The U.S. Labor Department said the unemployment rate fell to 7.8 percent in September from 8.1 percent in August, compared with economists' expectations for the jobless rate to rise to 8.2 percent. "Treasuries sank after the jobs report," said Cary Leahey, economist and senior advisor to Decision Economics in New York. "

  • Fed selling Treasuries maturing 2/2013 thru 2/2014 Friday, 5 Oct 2012 | 10:22 AM ET

    NEW YORK, Oct 5- The Federal Reserve on Friday was selling on the open market U.S. Treasuries maturing February 2013 through February 2014, the New York Fed said on its website. The Fed previously said it intended to sell $7 billion to $8 billion of short-dated Treasuries on Friday.

  • Broadway producer says he was fraud victim Friday, 5 Oct 2012 | 10:20 AM ET

    NEW YORK-- The psychological thriller "Rebecca" was a hit for author Daphne du Maurier and filmmaker Alfred Hitchcock.

  • *Zynga shares slide after warning, Facebook slips. *Sprint could counterbid on PCS- sources. NEW YORK, Oct 5- U.S. stocks rose on Friday, with the S&P 500 up for a fifth straight day and set to close at its highest since 2007, after government data showed a surprise drop in the unemployment rate.

  • NXP Semiconductors narrows 3rd-quarter forecasts Friday, 5 Oct 2012 | 10:05 AM ET

    NEW YORK-- Dutch chip maker NXP Semiconductors is narrowing its third-quarter adjusted earnings and revenue forecasts. The company said Friday that it now anticipates adjusted earnings between 53 cents and 59 cents per share. Analysts expect third-quarter earnings of 56 cents per share, according to FactSet, with estimates ranging from 55 cents to 58 cents..

  • Oct 5- The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc said they settled a dispute over $38 billion in asset claims, a major step toward customers and creditors recovering money.

  • NEW YORK, Oct 5- The failure of the U.S. housing market to fully respond to the Federal Reserve's easy money policies remains a headwind to overall economic growth, an influential U.S.

  • Mayor: 4,000 young men so far in NYC program Friday, 5 Oct 2012 | 9:50 AM ET

    NEW YORK-- Nearly 4,000 young people have participated in the first year of a sweeping effort to help young minority men in ways ranging from job internships to inmate education, New York City Mayor Michael Bloomberg said Thursday.

  • Oil falls even after positive US jobs report Friday, 5 Oct 2012 | 9:48 AM ET

    Benchmark oil is now down $1.25 to $90.46 per barrel in New York. Traders are trying to gauge the strength of global oil demand while watching developments surrounding Syria in the Middle East. In London, Brent crude, which is used to price international varieties of oil, was down 8 cents to $112.50.

  • Analyst keeps 'Buy' rating on Boeing Friday, 5 Oct 2012 | 9:47 AM ET

    NEW YORK-- An analyst reiterated his "Buy" rating on plane maker Boeing Co. Friday, noting a recent pullback in the stock and an improving mix of aircraft deliveries. Boeing delivered 10 new Apache attack helicopters, 18 Chinook cargo helicopters and 12 F-18 fighter-bomber jets in the third quarter.

  • Stocks open higher after unemployment rate drops Friday, 5 Oct 2012 | 9:38 AM ET

    NEW YORK-- Stocks are rising in early trading on Wall Street after the government reported that the U.S. unemployment rate fell below 8 percent for the first time in almost four years. The Dow Jones industrial average rose 66 points to 13,641 shortly after the opening bell Friday.

  • NEW YORK, Oct 5- U.S. stocks rose at the open on Friday with the S&P 500 set to hit its highest since 2007, as the September payrolls report showed a surprise drop in the jobless rate and gave legs to this week's rally. The Dow Jones industrial average gained 56.93 points, or 0.42 percent, to 13,632.29.

  • NEW YORK, Oct 5- U.S. natural gas futures traded mixed early on Friday, with front-month contracts pressured by the previous day's bearish inventory report and milder mid-month weather forecasts despite cool temperatures over the next week that should stir demand.

  • LONDON, Oct 5- Design and engineering firm WS Atkins could be next in the firing line for its part in a flawed $9 billion dollar rail deal torn up by Britain's government this week, sending its shares down 4 percent.

  • Calif. gas prices jump by up to 20 cents overnight Friday, 5 Oct 2012 | 9:19 AM ET

    SAN FRANCISCO-- Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. In Southern California, the price jumped 20 cents a gallon overnight to $4.53 in Ventura.

  • Recalled steroid in outbreak went to 23 states Friday, 5 Oct 2012 | 9:18 AM ET

    The steroid medication suspected in an outbreak of a rare kind of meningitis was shipped to 23 states, according to the Centers for Disease Control and Prevention. The specialty pharmacy that made the steroid, New England Compounding Center of Framingham, Mass., recalled three lots of the drug last week and has shut down operations.

  • Clinics rush to warn patients of tainted steroid Friday, 5 Oct 2012 | 9:15 AM ET

    The Food and Drug Administration urged physicians not to use any products at all from the Massachusetts pharmacy that supplied the preservative-free methylprednisolone acetate.

  • Ahead of the Bell: Buffalo Wild Wings upgraded Friday, 5 Oct 2012 | 9:15 AM ET

    NEW YORK-- Stable costs, menu price increases and a shift to selling wings by the pound are making analysts more optimistic on shares of Buffalo Wild Wings Inc.. A Wedbush analyst on Friday raised his rating for Buffalo Wild Wings to "Outperform" from "Neutral," and lifted his price target on the company by $22 to $100.

  • Lehrer's philosophy on moderator's role tested Friday, 5 Oct 2012 | 9:14 AM ET

    NEW YORK-- Former PBS anchor Jim Lehrer says a debate moderator should be like a baseball umpire _ get out of the way and let the candidates play.