The chief accountant for China National Petroleum Corp has been "summoned to assist in an investigation" into high-level corruption, the FT reports.» Read More
is in talks to merge its T-Mobile USA unit with smaller rival MetroPCS, in a move that could pave the way for the German company to eventually exit the U.S. wireless market.
New York Attorney General Eric Schneiderman is suing JPMorgan alleging widespread fraud that the Bear Stearns business JPMorgan took over in 2008 defrauded mortgage-bond investors. Mike Ozanian, Forbes Magazine; Rep. Bill Pascrell (D-NJ); former Virginia Governor Jim Gilmore (R); and Steve Malanga, Manhattan Institute, weigh in.
Oct 2- American Airline pilots this week are expected to authorize their union to call a strike, but the union says it may decide to keep the vote secret for now.
CANBERRA, Oct 3- Australian shares are set to open higher on Wednesday, extending recent gains after the Reserve Bank of Australia cut its main cash rate, although uncertainty over Europe's debt crisis and China's growth will still weigh on investor sentiment.
NEW YORK, Oct 2- Small- and mid-capitalization stocks were flat to higher o n Tuesday, though shares of RadioShack extended their recent losing streak.
There were twice as many restaurant openings than closings in New York over the past year and d iners still eat out three times per week-- the same number as in each of the past three years, a cc ording to the survey of 44,306 people, which will be released on Wednesday.
NEW YORK Oct. 2, 2012-- Standard& Poor's Ratings Services today corrected an error by reinstating its' A-' rating on Western Massachusetts Electric Co.' s $100 million 3.50% unsecured senior notes, series F, due Sept. 15, 2021.
NEW YORK, Oct 2- Michelin awarded its coveted stars to a handful of New York restaurants that feature Chinese, Korean or Japanese inspired dishes in the 2013 edition of its Big Apple guide that appears on Wednesday.
NEW YORK-- Theravance Inc. said Tuesday it formed a partnership with Italian drugmaker Alfa Wassermann SpA to develop its gastrointestinal disorder drug velusetrag. Theravance said the companies will work together on mid-stage clinical testing of the drug.
By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.
NEW YORK, Oct 2- Cotton prices rose for a second day on Tuesday as the market consolidated within recent ranges and on a flurry of short-covering after selling pressure in the run-up to the quarter's end last week. After hitting its high for the day at 71.92 cents, New York cotton for December delivery.
NEW YORK, Oct 2- Fortescue Metals, the fourth-largest iron ore producer in the world, is launching a $4.5 billion covenant-lite refinancing term loan, sources told Thomson Reuters LPC. Fitch said the loan will be guaranteed by Fortescue Metals Group Limited and its subsidiaries, which represent more than 95 percent of the group's assets and net income.
NEW YORK, October 02 Fitch Ratings affirms the following credit ratings of Highwoods Properties, Inc. and its operating partnership, Highwoods Realty Limited Partnership,: Highwoods Properties, Inc.-- Long-term IDR at' BBB-';-- Preferred stock at' BB'.
--U.S. health care-related educational services provider Ascend Learning's profitability has been weak, and we expect EBITDA margins will remain under pressure. --We are lowering our corporate credit rating on the company to' B-' from' B'.
NEW YORK-- Problems with Apple Inc.' s new maps feature have been well publicized and reported over the past week, but Sterne Agee analyst Shaw Wu says demand for the iPhone 5 remains "robust." Apple released an update to its iPhone and iPad operating system last month that replaced Google Maps with Apple's own map application.
NEW YORK, Oct 2- Oil prices fell in choppy, light trading on Tuesday, pressured by the outlook for weak economic growth and petroleum demand, even as the risk of potential crude supply disruptions limited losses. "Profit taking out of gasoline had a significant influence on market tone today," said Timothy Evans, energy analyst at Citi Futures Perspective in New York.
NEW YORK, Oct 2- U.S. crude futures fell on Tuesday in choppy, light-volume, trading as concerns about slowing economic growth and curbed demand for petroleum weighed on oil prices and countered supportive concerns about the risk of supply disruptions. Falling RBOB gasoline futures settled 1.74 percent lower and provided additional pressure on crude futures.
NEW YORK, Oct 2- Five former employees of Bernard Madoff, charged with helping the conman run a multibillion-dollar Ponzi scheme over several decades, will have their chance to fight the allegations at trial in a year's time.
The first sign of trouble showed up last Wednesday, when crews noticed loose seats on a plane that had flown from Dallas-Fort Worth International Airport to Vail, Colo. The seats were tightened again that day in Boston. The same plane had to make an emergency landing Monday when seats came loose shortly after takeoff on a New York- to- Miami flight.
*G-Resources, latest miner to be hit by protests, halts operations. *Indonesia gold output seen to fall in 2012, but to recover to 2011 level in 2013.