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  • NHL defines preseason losses as lockout continues Tuesday, 2 Oct 2012 | 3:41 PM ET

    NEW YORK-- The financial losses are starting to pile up as a result of the NHL lockout. In speaking to reporters after talks finished up for the day between the NHL and the NHLPA, Deputy Commissioner Bill Daly estimated that the league has lost $100 million in revenues from the canceled preseason.

  • Analyst downgrades Starwood on slow global economy Tuesday, 2 Oct 2012 | 3:41 PM ET

    NEW YORK-- An analyst cut his rating on shares of Starwood Hotels& Resorts Worldwide Inc. on Tuesday because of the weaker global economy. Raymond James' William Crow lowered his rating to "Outperform" from "Strong Buy" for the operator of the Sheraton, Westin, W and St.

  • *Deutsche Telekom shares up 1.3 pct, MetroPCS up 17 pct. By Edward Taylor and Nadia Damouni FRANKFURT/ NEW YORK, Oct 2- Deutsche Telekom. is in talks to merge its T-Mobile USA unit with MetroPCS and take a majority stake in the combined wireless service provider, the German company said on Tuesday.

  • --We revised our outlook on Ocwen Loan Servicing LLC to stable as a residential mortgage subprime, special, and subordinate-lien servicer and affirmed our ABOVE AVERAGE rankings on the company in these categories.

  • TREASURIES-Prices edge up, jobs data in focus Tuesday, 2 Oct 2012 | 3:21 PM ET

    Treasuries prices ended slightly higher on Tuesday as investors waited on key employment data scheduled for later this week and as Spain appeared to be on track, if not yet ready, to get assistance to ease its debt crisis.

  • Sector Snap: Homebuilders shares mostly up Tuesday, 2 Oct 2012 | 3:18 PM ET

    CoreLogic, a private real estate data provider, said U.S. home prices rose 4.6 percent in August from a year ago, the largest year-over-year increase in more than six years. Prices are rising in most parts of the country, CoreLogic said. _ PulteGroup Inc., up 18 cents, or 1.2 percent, to $15.49.

  • Brent November crude fell 62 cents, or 0.55 percent, to settle at $111.57 a barrel.

  • NY trial set next year for 5 ex-Madoff employees Tuesday, 2 Oct 2012 | 3:09 PM ET

    NEW YORK-- A trial will be held next year for five of Bernard Madoff's former employees who are accused of conspiring in history's biggest Ponzi scheme. The Oct. 7, 2013, trial date was set Tuesday by a federal judge in Manhattan. Madoff is serving a 150- year prison sentence in North Carolina.

  • NEW YORK, Oct 2- Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc. Ancestry is focusing its discussions on Permira after it asked the private equity firm and its competitors- Hellman& Friedman LLC and TPG Capital LP- to improve on their offers, the people said.

  • *Company was seeking offers over $35 per share* Ancestry shares trading below $30 By Greg Roumeliotis and Soyoung Kim. NEW YORK, Oct 2- Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc.

  • *Chicago Fed warned of need for "kill switch" in 2010* SEC can't impose limits on HFT without consensus-official* Some traders are trying to build HFT-free trading zone* Retail investors looking for SEC to lead on HFT reform By Emily Flitter and Sarah N. Lynch. Only now is the SEC getting around to taking a closer look at some of those issues.

  • By Chris Reese and Ana Nicolaci da Costa ADVISORY- Reuters plans to discontinue its daily report on the money markets in New York as of Oct. 15. NEW YORK/ LONDON, Oct 2- The U.S. Treasury sold $40 billion of four-week bills at a high rate of 0.1 percent, up from 0.055 percent in a similar sale last week and the highest since a four-week bill auction on Sept. 5.

  • *MSCI says switch covers $24 million of annual operating income. Oct 2- Vanguard Group, the largest U.S. mutual fund manager, said on Tuesday it was switching 22 of its biggest index funds away from benchmarks provided by MSCI Inc in order to cut costs.

  • *Company was seeking offers over $35 per share* Ancestry shares trading below $30 By Greg Roumeliotis and Soyoung Kim. NEW YORK, Oct 2- Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc.

  • Oct. 2- Both the Canadian Credit Card Quality Index charge-off rate and the Canadian unemployment rate remained unchanged in August from July, at 3.8% and 7.3%, respectively, said an article published today by Standard& Poor's Ratings Services, titled "Canadian Credit Card Quality Index Report: Performance Remained Relatively Flat In August 2012."

  • Einhorn raises Chipotle concerns and shares sink Tuesday, 2 Oct 2012 | 2:53 PM ET

    Shares of Chipotle Mexican Grill Inc. plunged Tuesday after well-known hedge fund manager David Einhorn reportedly said that the burrito chain is facing increasing competition from Taco Bell as well as higher costs. THE SPARK: Einhorn, who runs Greenlight Capital, was speaking at the Value Investing Congress, an investor conference, in New York Tuesday.

  • MSCI shares skid on Vanguard fund benchmark switch Tuesday, 2 Oct 2012 | 2:53 PM ET

    BOSTON-- Shares of MSCI Inc. plunged in afternoon trading Tuesday after a key index-licensing customer, Vanguard Group, said that some of its mutual funds will drop MSCI as the provider of market benchmarks that the funds track.

  • WASHINGTON, Oct 2- Firms responsible for the 2008 financial crisis will face more government lawsuits, federal and state officials said on Tuesday, a day after New York state sued JPMorgan Chase& Co for fraud over mortgage-backed securities packaged and sold by Bear Stearns.

  • TEXT-S&P rates DAE Aviation's proposed term loan Tuesday, 2 Oct 2012 | 2:50 PM ET

    Oct. 2- Standard& Poor's Ratings Services today assigned its' B-' issue rating to DAE Aviation Holdings Inc.' s proposed $520 million secured term loan due 2018. Standard& Poor's assigned a' 3' recovery rating to the loan, indicating that we expect lenders will receive a meaningful recovery in the event of payment default.

  • *Brazil's Somar: flowering bodes well for 2013 coffee crop. NEW YORK/ LONDON, Oct 2- Arabica coffee futures soared nearly 4 percent to a 10- week high on Tuesday, on heavy short-covering prompted by concerns of dry weather in top grower Brazil, while raw sugar extended the previous session's steep gains.