What happens in New York ... stays in New York. The Empire State is going to get glitzy, approving four Vegas-style casinos upstate to drive jobs.» Read More
NEW YORK-- Industrial parts supplier ITT Corp. said Monday it has signed an agreement to buy Bornemann Pumps, a German company that makes pump systems for the oil and gas industry. ITT said the deal is worth about $267 million, but it didn't specify whether that figure includes debt. Shares of ITT rose 31 cents to $20.86 in morning trading.
NEW YORK-- Amazon has alerted its Kindle customers that they are entitled to a credit on prior electronic book purchases as part of settlements between some major e-book publishers and the government.
NEW YORK-- Shareholders of Chinese biodiesel and copper products company Gushan Environmental Energy Ltd. have agreed to take the company private by selling its outstanding shares to Trillion Energy Holdings Ltd., Gushan said in a statement Monday. Trillion, a British Virgin Islands company, is owned by Jianqiu Yu, Gushan's chairman and principal executive.
NEW YORK-- The Metropolitan Transportation Authority is set to outline its latest fare hike proposals on its rails, bridges and subways. The proposals include increasing the base subway and bus fare and weekly and monthly MetroCards. They also call for eliminating the 7 percent MetroCard bonus.
NEW YORK-- Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to go unrepaid.
NEW YORK-- Stocks are opening higher on Wall Street after a strong report on retail sales. Just after the opening bell on Wall Street, the Dow Jones industrial average is up 26 points at 13,355. The Standard& Poor's 500 index is up three at 1,431. And the Nasdaq composite index is up 10 at 3,054..
NEW YORK-- Shares of Consol Energy Inc. lost ground Monday after the coal and gas producer said it will post a third-quarter loss, due mostly to the idling of some mines. The company didn't give a specific outlook, but said that the idling of some mines are took its toll on results for the quarter that ended last month.
In addition to its namesake stores, Gap Inc. operates Old Navy, Banana Republic and Athleta. At Gap, for example, it's focusing on denim products while at Banana Republic it's been zeroing in on suits. But she also said that Old Navy's new global brand president, Stefan Larsson, should bring fresh ideas that have an impact on the brand in 2013 and beyond.
NEW YORK-- Shares of Clearwire jumped 12 percent in premarket trading Monday following news that the Japanese cell phone company Softbank Corp. is buying a majority stake in Sprint, which owns half of the company. Clearwire operates a wireless broadband network that Sprint resells as " Sprint 4 G."
NEW YORK-- Family Dollar on Monday appointed Jocelyn Wong as its chief marketing officer. Wong, who will also serve as senior vice president, recently served as group vice president of shopper marketing for the supermarket chain Safeway Inc. Safeway recently launched a customer loyalty program that offers personalized discounts based on past purchases.
SEATTLE-- Inspired by the Pompidou Center in Paris, which for nearly two years removed all the men's art from their modern galleries, the Seattle Art Museum is letting women take over its downtown building this fall.
TARRYTOWN, N.Y.-- For the people who want to shut down Entergy Corp.' s nuclear plant in the New York City suburbs, where 17 million people live within 50 miles, this day has been a long time coming. Andrew Cuomo _ who have campaigned against the plant, on the Hudson River in Buchanan, 35 miles north of Manhattan.
NEW YORK-- Pizza Hut is rethinking its contest daring people to ask "Sausage or Pepperoni?" Pizza Hut spokesman Doug Terfehr said the majority of the feedback the company has seen has been very positive. Pizza Hut, a unit of Yum Brands Inc., says it will still honor the prize if someone poses the question live at the debate.
ALBANY, N.Y.-- Supporters of using hydraulic fracturing to produce natural gas are set to demonstrate in Albany, N.Y.. Hundreds of people are expected to rally at the Corning Preserve on the Hudson River and then march to a park near the Capitol for speeches by elected officials and labor leaders at midday Monday.
Lloyd Shapley of UCLA and Alvin Roth, a Harvard University professor currently visiting at Stanford University, found ways to make markets work when traditional economic tools fail. Unlike some recent Nobel prizes _ such as the Peace Prize that went to the embattled European Union last week _ this year's economics award did not seem to send a political message.
NEW YORK-- Delcath Systems Inc. says its potential treatment for a form of liver cancer has been accepted by the Food and Drug Administration for a standard review. Delcath submitted its application on Aug. 15. Shares of Delcath fell 22 cents, or 10.5 percent, to $1.87 in premarket trading Monday.
NEW YORK-- Citigroup said Monday that it beat Wall Street predictions for quarterly earnings after stripping out a big loss on its retail brokerage and other one-time charges. That amounts to $1.06 per share, beating the 96 cents predicted by analysts polled by financial data provider FactSet.
Companies ranging from Alcoa to Wells Fargo put up numbers that were hardly weak but still gave investors reason to pause. On Monday, Citigroup easily beat Wall Street expectations for the third quarter, posting net income of $3.3 billion.
NEW YORK-- Pizza Hut is rethinking its contest daring people to ask "Sausage or Pepperoni?" at the presidential debate Tuesday. The pizza delivery chain had offered the prize _ a pie a week for 30 years or a check for $15,600 _ to anyone who posed the question to either President Barack Obama or Republican candidate Mitt Romney during the live Town Hall- style debate.
NEW YORK-- An analyst continues to believe that Urban Outfitters will be able to turn around its business during the second half of the year, driven by fewer markdowns and better products at its stores.