New York


  • NEW YORK, Oct 1- UBS AG on Monday lost a bid to suspend a federal regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.

  • Boston Beer shares fall on worries of slower sales Monday, 1 Oct 2012 | 3:36 PM ET

    NEW YORK-- Shares of Boston Beer Co. fell Monday after a UBS analyst highlighted concerns about stalling sales growth. That could mean overall revenue growth may be lower in 2013 than investors and Wall Street analysts expect. Boston Beer did not immediately respond to a request for comment.

  • NEW YORK, Oct 1- BMC Software Inc is exploring a potential sale of the company and has retained Bank of America Merrill Lynch to assist with the strategic review, people familiar with the matter said on Monday.

  • Irene Tse, who headed the North America operations of the Chief Investment Office, told the firm she is resigning to focus on "entrepreneurial ventures," according to a memo on Monday from Chief Operating Officer Matt Zames, a copy of which was obtained by Reuters.

  • Sector Snap: For-Profit Education Monday, 1 Oct 2012 | 3:27 PM ET

    DeVry Inc. was one of the day's biggest gainers, rising $1.11, or 4.9 percent, to $23.87, after peaking at $25.02 earlier in the day.

  • By Chris Reese and Marius Zaharia. NEW YORK/ LONDON, Oct 1- The U.S.

  • Kraft Foods to split company after market closes Monday, 1 Oct 2012 | 3:27 PM ET

    NEW YORK-- Kraft Foods Inc. will spin off of its North American grocery business after the market closes Monday, a move intended to let it focus on its global snack brands. The remaining company will be called Mondelez International Inc. and will be home to brands such as Oreo, Cadbury and Nabisco.

  • Oct 1- The U.S. Securities and Exchange Commission likely will not need another full year to revise its definition of municipal adviser, despite delaying its deadline until 2013, Commissioner Elisse Walter said on Monday.

  • NEW YORK, Oct 1- U.S. natural gas futures ended higher on Monday for the fifth straight day, with Northeast and Midwest forecasts calling for cool weather for later this week and next week driving the front contract to a new high for the year. As gas prices push well above $3 per mmBtu gas could become less competitive with coal in the power generation market.

  • Oil closes higher after US manufacturing report Monday, 1 Oct 2012 | 3:15 PM ET

    Benchmark crude closed up 29 cents at $92.48 in New York. Brent crude, which is used to price international varieties of oil, fell 20 cents to $112.19 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • Literary agent Wendy Weil dies at age 72 Monday, 1 Oct 2012 | 3:13 PM ET

    NEW YORK-- Wendy Weil, a beloved literary agent known for her low-key but determined style and for an eclectic clientele of groundbreaking and best-selling authors, from Alice Walker and Rita Mae Brown to Fannie Flagg and Mark Helprin, has died. "It's like a face fell off Mount Rushmore," Brown told The Associated Press.

  • Brent November crude fell 20 cents to settle at $112.19 a barrel, having traded from $111.47 a barrel to $113.27 a barrel.

  • Airlines start fourth quarter on high note Monday, 1 Oct 2012 | 3:04 PM ET

    Shares of Delta Air Lines Inc. and US Airways Group Inc. were the best performers in the group with gains of 3.4 percent and 2.5 percent. US Airways stock has more than doubled as investors bet on an eventual merger with American Airlines, which is currently under bankruptcy protection.

  • A new report released on Monday by Soros' Open Society Foundations and the New York- based Foundation Center said that black men and boys in the United States do not have access to the structural supports and opportunities needed to thrive.

  • Healthcare Services rises as analyst sees growth Monday, 1 Oct 2012 | 2:55 PM ET

    NEW YORK-- Shares of Healthcare Services Group Inc. rose Monday after a UBS analyst said the company, which provides housekeeping and food services to hospitals and nursing homes, should be able to sustain its strong growth. THE SPARK: Analyst A.J. Rice began covering Healthcare Services with a "Buy" rating and a price target of $27 per share.

  • Kentucky man arrested in NY bailout fraud probe Monday, 1 Oct 2012 | 2:49 PM ET

    Wilbur Anthony Huff, 51, who has addresses in both Caneyville and Louisville, was released on $100,000 unsecured bond after a brief court appearance in federal court in Louisville in which prosecutors portrayed him as a flight risk. Attorney Preet Bharara in Manhattan called the case "Part Two" of his office's investigation of the taxpayer-funded TARP.

  • U.S. tells Rwanda to denounce Congo M23 rebels Monday, 1 Oct 2012 | 2:41 PM ET

    NAIROBI, Oct 1- The United States on Monday called on Rwanda to publicly denounce rebels who have seized swathes of eastern Congo in an appeal that highlighted its frustration over Kigali's alleged role in its neighbour's conflict.

  • TEXT-Fitch rates Darden's proposed notes 'BBB' Monday, 1 Oct 2012 | 2:40 PM ET

    Oct 1- Fitch Ratings has assigned a' BBB' rating to Darden Restaurants, Inc.' s. proposed $300 million senior unsecured notes due 2022. At Aug. 26, 2012, Darden had approximately $2.1 billion of total debt.

  • Allscripts gains as analysts ponder report of sale Monday, 1 Oct 2012 | 2:32 PM ET

    NEW YORK-- Shares of Allscripts Healthcare Solutions Inc. continued to rise Monday as Wall Street evaluated a report that the electronic health records company may sell itself to a private buyer. THE SPARK: Bloomberg News reported Friday that Allscripts is considering a sale and had engaged Citigroup Inc. as it considered its options.

  • *China's factory activity shrinks for 2nd month in Sept. NEW YORK, Oct 1- Brent crude slipped on Monday in light, choppy trading as oil markets balanced better-than-expected U.S. manufacturing data against signs of economic weakness in Asia and evidence of a new recession in the debt-saddled euro zone.