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  • 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.

  • Federal Reserve policy meeting, after inflamed Middle East tensions had helped push prices up more than $3. Brent crude was up $3.50 at $111.67 a barrel at 2:11 p.m. EDT, having reached $112. U.S. crude was up $3.22 at $91.36, having reached $91.76.

  • NuVasive tumbles on weak 3Q revenue estimate Thursday, 4 Oct 2012 | 2:13 PM ET

    NEW YORK-- Shares of NuVasive Inc. lost about a third of their value Thursday after the spinal device maker said its third-quarter revenue will come up short of its previous estimates. THE SPARK: After the market closed Wednesday, NuVasive said it expects about $147 million in revenue in the third quarter.

  • NEW YORK, Oct 4- Thirty-year Treasuries bonds fell a full point in price on Thursday after minutes from the Federal Reserve's September policy meeting showed that Fed members were broadly in agreement that additional stimulus was needed to boost the fragile economic recovery.

  • *Publisher can choose not to participate in Google's Library Project. Google and the Association of American Publishers said on Thursday that U.S. publishers can choose to make available or choose to remove their books and journals digitized by Google for its Library Project.

  • NEW YORK, Oct 4- Wells Fargo& Co has transferred Jim Hays, a veteran wealth management executive who had run its large brokerage network, to oversee a smaller group of brokers at the bank's branches.

  • Department store shares mixed on September results Thursday, 4 Oct 2012 | 2:02 PM ET

    Macy's revenue at stores open at least a year rose 2.5 percent in September, while analysts expected a gain of 3.3 percent. Shares of Macy's rose 34 cents to $39.83. Kohl's Corp.' s revenue at stores open at least a year fell 2.7 percent in September, a bigger drop than Wall Street expected, hurt by lower demand for accessories and women's clothing.

  • TEXT-S&P rates LCM XII notes Thursday, 4 Oct 2012 | 2:01 PM ET

    --LCM XII L.P./ LCM XII LLC's note issuance is a cash flow CLO securitization of a revolving pool consisting primarily of broadly syndicated senior secured loans. --We assigned our ratings to class X and class A through E notes.

  • By Chris Reese and Kirsten Donovan. NEW YORK/ LONDON, Oct 4- The amount of seasonally adjusted U.S. commercial paper contracted for a fifth consecutive week in the week ended Oct. 3, Federal Reserve data showed on Thursday. U.S. seasonally adjusted commercial paper outstanding fell $15 billion to $975.1 billion in the latest week.

  • Private college costs up again but at slower rate Thursday, 4 Oct 2012 | 1:56 PM ET

    The figures released Thursday by the National Association of Independent Colleges and Universities highlight some of the complexities within an overall trend of rising college costs. The list price at private colleges remains substantially higher than at publics _ $29,230 this fall compared to a bit over $8,000 last year at public institutions.

  • Feds charge 91 people in $429M Medicare fraud Thursday, 4 Oct 2012 | 1:56 PM ET

    WASHINGTON-- A federal strike force has charged 91 people, including a hospital president, doctors and nurses, with Medicare fraud schemes in seven cities involving $429 million in false billings. The law enforcement effort focused on fraudulent Medicare schemes in Baton Rouge, La.; Brooklyn, N.Y.; Chicago; Dallas; Houston; Los Angeles and Miami.

  • Oil posts biggest gain in 2 months, tops $91 Thursday, 4 Oct 2012 | 1:53 PM ET

    Tensions between Syria and Turkey gave oil prices their biggest jump in two months Thursday, while refinery outages boosted wholesale gasoline prices. Oil settled at $91.71 per barrel, up by $3.57, or 4 percent, on the New York Mercantile Exchange. Oil prices rose after Turkey's military fired on targets in Syria for the second day.

  • The Public Theater unveils a sleek new NYC home Thursday, 4 Oct 2012 | 1:50 PM ET

    NEW YORK-- The Public Theater unveiled its four-year, $40 million face-lift on Monday with some Shakespeare, some hippies and some veteran stage stars including Vanessa Redgrave, Liev Schreiber and Mandy Patinkin.

  • First Niagara to cut some jobs, recruit for others Thursday, 4 Oct 2012 | 1:38 PM ET

    BUFFALO, N.Y.-- First Niagara Financial Group says it's realigning some staffing and will do away with 180 positions as it recruits for 250 others. The bank says it's hired 2,700 people over the past two years, including 1,200 from its recent purchase of 195 HSBC branches in New York and southwestern Connecticut.

  • UPDATE 1-Sprint weighs rival bid for MetroPCS-sources Thursday, 4 Oct 2012 | 1:25 PM ET

    *Sprint may wait until after T-Mobile USA/ MetroPCS deal-sources. *Sprint already balked at buying MetroPCS- sources* Sprint shares off 4 pct, MetroPCS shares down 2.1 pct.

  • WASHINGTON, Oct 4- The number of Americans filing new claims for unemployment benefits rose only slightly last week after a big drop the week before, a hopeful sign the job market is still on the mend.

  • NEW YORK, Oct 4- Marc Lasry's Avenue Capital Group hedge fund is downsizing and laying off roughly 6.5 percent of its staff, according to an employee memo reviewed by Reuters.

  • 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.

  • *Turkey strikes on Syria raise regional security fears. NEW YORK, Oct 4- Oil prices jumped 2 percent Thursday as Turkey's retaliatory strikes on a Syria sparked more concern about potential disruptions to Middle East oil supply, while U.S. gasoline futures rallied after a fire at a refinery in Texas.