A day after two officers were fatally shot, Mayor Bill de Blasio faces the challenge of reassuring the city while navigating a rift with the NYPD.» Read More
NEW YORK, Oct 1- American Airlines said on Monday it has temporarily grounded eight planes to evaluate them after seats became loose on two flights in the last few days-- incidents which have also prompted safety regulators to look into the matter.
South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.
MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.
DENVER, Oct 1- Relatives of victims of a Colorado movie theater shooting rampage demanded on Monday that President Barack Obama and Mitt Romney address gun violence in their first presidential debate this week in Denver.
NEW YORK, Oct 1- New York Attorney General Eric Schneiderman filed a civil fraud lawsuit against JPMorgan Chase& Co on Monday over mortgage-backed securities packaged and sold by the former Bear Stearns. JPMorgan, which bought Bear Stearns for $10 a share in March 2008, said in a statement it would contest the allegations.
MELBOURNE, Oct 2- Australian shares opened 0.3 percent higher on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.
NEW YORK-- Toys R Us will offer a price matching guarantee on all of its toys and products in stores this holiday season, the toy seller said Monday. Toy analysts say retailers are being tight with inventory this year, so those wanting in-demand toys like Monster High dolls and the LeapPad2 tablet should buy early.
NEW YORK-- New York prosecutors say the multibillion-dollar fraud carried out by Wall Street swindler Bernard Madoff began as far back as the early 1970 s. The revelation comes in a rewritten indictment boosting charges against four long-time employees of the investment firm Madoff ran from his Manhattan offices.
American Airlines says it is examining eight of its 757 aircrafts, and NY State's Attorney General filed a lawsuit against JPMorgan. CNBC's Jackie DeAngelis has the details.
NEW YORK-- The New York attorney general's office has hit JPMorgan Chase& Co. with a civil lawsuit, alleging that investment bank Bear Stearns _ prior to its collapse and subsequent sale to JPMorgan in 2008 _ perpetrated massive fraud in deals involving billions in residential mortgage-backed securities.
NEW YORK, Oct 1- Hedge fund manager William Ackman is blaming Procter& Gamble's top management for the consumer products company's problems, but said he understands the board wants to give the CEO more time to repair years of damage.
SYDNEY, Oct 2- Australian shares are set to open higher on Tuesday, with resources stocks likely to underpin gains after data showed a surprising expansion in U.S. manufacturing in September.
NEW YORK, Oct 1- New York Attorney General Eric Schneiderman filed a lawsuit against JPMorgan Chase& Co on Monday fo r fraud over faulty mortgage-backed securities packaged and sold by the former Bear Stearns. JPMorgan, which bought one-time rival Bear Stearns for $2 a share in March 2008, said in a statement it intended to contest the allegations.
NEW YORK-- Standard& Poor's said Monday specialty pet retailer PetSmart Inc. will join the benchmark S&P 500 index after the close of trade Thursday, replacing Sunoco Inc. which is being acquired by Energy Transfer Partners LP. Cabela's Inc., a specialty retailer of hunting and fishing gear, will move from the SmallCap 600 to the MidCap 400, replacing PetSmart.
NEW YORK, Oct 1- New York Attorney General Eric Schneiderman on Monday filed a lawsuit against JPMorgan Chase& Co for fraud over faulty mortgage-backed securities packaged and sold by the former Bear Stearns. The lawsuit alleged a "systematic abandonment of underwriting guidelines" in the selling of home loans that went into securities peddled by Bear Stearns.
NEW YORK, Oct 1- Hedge fund manager William Ackman, who has been pushing mall operator General Growth Properties to sell itself, on Monday said a deal with rival Simon Property Group would be beneficial to all parties and push the stock price dramatically higher.
By Martinne Geller and Jessica Wohl NEW YORK/ CHICAGO, Oct 1- Wal-Mart Stores Inc. A handful of sell-side analysts turned out to hear from Walmart workers nearly a year after a similar meeting was held near Wal-Mart's headquarters in Bentonville, Arkansas.
NEW YORK-- Fifth& Pacific Cos. cut its 2012 earnings guidance Monday, citing weak sales of Juicy Couture products. Fifth& Pacific cut its estimated 2012 EBITDA by $25 million and also forecast a weak third quarter.
New York State Attorney General's office is moving to sue JPMorgan over claims that Bear Stearns had packaged loans and misrepresented the quality of those loans before the financial crisis.
*SEC can't impose limits on HFT without consensus-official. *Retail investors looking for SEC to lead on HFT reform.