New York


  • CBS claims ratings win for 1st week of TV season Tuesday, 2 Oct 2012 | 2:27 PM ET

    CBS' new period-piece drama, "Vegas," debuted in sixth place, while its contemporary Sherlock Holmes whodunit, "Elementary," premiered in 10th place, according to Nielsen Co. figures released Tuesday. NBC's "Sunday Night Football" was No. 1 in the rankings, but CBS' "NCIS" was second for the week, "NCIS: Los Angeles" was fourth and "Big Bang Theory" was fifth.

  • **ARQULE INC, $2.30, down 53.9 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **GENERAL MOTORS, $23.82, up 3 pct. Hedge fund manager David Einhorn said auto-maker General Motors "is much healthier now," and is getting its product refreshments "right."

  • *Spain seen requesting bailout, but uncertainty weighs. NEW YORK, Oct 2- The euro rose against the dollar on Tuesday on expectations that a request by Spain for a bailout is imminent, but major stock markets fell on uncertainty of when Madrid will make its request and growing uneasiness over third-quarter earnings.

  • Oct 2- Standard& Poor's Ratings Services said today that New York City- based MSCI Inc.' s. announcement that Vanguard will no longer use MSCI's indices does not affect our ratings on MSCI. The loss of the Vanguard business represents approximately $24 million in revenues for MSCI.

  • Oil slightly lower amid economic questions Tuesday, 2 Oct 2012 | 2:18 PM ET

    Benchmark oil slipped 19 cents to $92.20 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 36 cents to $111.83 per barrel in London. At the pump, the national average for gasoline was unchanged at $3.78 per gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • Euro rises on hopes Spain will ask for bailout Tuesday, 2 Oct 2012 | 2:12 PM ET

    NEW YORK-- The euro rose against the dollar Tuesday on speculation that Spain is getting closer to asking for financial aid from Europe's bailout fund. A request for aid from Spain would help remove some uncertainty about Europe's debt crisis. The dollar rose to 78.13 Japanese yen from 78.02 yen and to 98.42 Canadian cents from 98.22 Canadian cents.

  • Fla. man gets prison for NY investment fraud Tuesday, 2 Oct 2012 | 2:09 PM ET

    NEW YORK-- A Florida mutual fund executive on Tuesday admitted that he lied when he promised investors early shares in companies such as Facebook and Groupon and spent their money instead on a lavish lifestyle that included pricey cars and jewelry.

  • NEW YORK, Oct. 2- U.S. retail gasoline demand fell over the past two weeks and continued a downward year-on-year trend, according to the bi-weekly SpendingPulse report from MasterCard released on Tuesday. Gasoline use in the world's top oil consumer dropped 0.9 percent over the two weeks ending Sept. 28, compared with the same period last year, MasterCard said.

  • As a result of the Patient Protection and Affordable Care Act, 30 million Americans are expected to gain access to health insurance through regulated exchanges in each state, more plans from employers, and an expansion of the federal Medicaid program for the poor.

  • --Cedar Funding Ltd./ Cedar Funding Corp.' s note issuance is backed by a revolving pool consisting primarily of broadly syndicated senior secured loans. --We affirmed our ratings on the class A through D notes following the transaction's effective date as of Aug. 16, 2012.

  • *Billionaire founder of Cablevision takes witness stand* Said Ergen liked the programming, except one music channel* Said Cablevision spent the $100 million it promised By Liana B. Baker.

  • MLB completes 8-year deal with Fox, Turner Sports Tuesday, 2 Oct 2012 | 1:46 PM ET

    NEW YORK-- Major League Baseball agreed with Fox and Turner Sports on eight-year contracts that will run through 2021 and keep the World Series on Fox. The amount baseball receives from the two networks will double to an average of about $800 million annually, with Fox's share averaging about $500 million.

  • 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.

  • Home price changes in each state in August Tuesday, 2 Oct 2012 | 1:37 PM ET
  • By Ashley Lau and Jennifer Hoyt Cummings. NEW YORK, Oct 2- A Wall Street icon vanished last week after Morgan Stanley dropped Smith Barney from its brokerage title. But some in the industry say the firm's well-known advertising slogan- "They make money the old-fashioned way.

  • *Deutsche Telekom shares up 1.3 pct, MetroPCS up 19 pct. said on Tuesday it is in talks to combine its T-Mobile USA unit with MetroPCS and take a majority stake in the combined wireless service provider. MetroPCS shares were up 17 percent higher at $13.52 after Deutsche Telekom confirmed the talks.

  • By Ashley Lau and Jennifer Hoyt Cummings. NEW YORK, Oct 2- A Wall Street icon vanished last week after Morgan Stanley dropped Smith Barney from its brokerage title. But some in the industry say the firm's well-known advertising slogan- "They make money the old-fashioned way.

  • *Front month hits highest mark since early December 2011. NEW YORK, Oct 2- U.S. natural gas futures mostly lost ground on Tuesday, pressured by profit-taking after five straight days of gains, but cool forecasts for the Northeast and Midwest underpinned the front contract which overnight hit a new high for the year.

  • Stocks sink on Spain report, Mosaic miss Tuesday, 2 Oct 2012 | 1:18 PM ET

    Mosaic, Dupont and stocks of other companies in the materials industry fell. Dupont led the Dow lower, sinking $1.02 to $49.34. Spain needs to ask for money from Europe's bailout fund before the European Central Bank can start buying its government bonds.

  • U.S. government accounting board chairman to retire Tuesday, 2 Oct 2012 | 1:07 PM ET

    NEW YORK, Oct 2- The chairman of the U.S. board that sets accounting standards for state and local governments will retire next June, a year ahead of the end of his term, the Financial Accounting Foundation said on Tuesday. Robert Attmore, a former auditor for New York state, has headed the nonprofit Governmental Accounting Standards Board since July 2004.