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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.
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Global economic activity has slowed this year, curbing fuel demand growth in Asia, Europe and the United States. The euro supported oil prices, rising for a second straight session on growing expectations the euro zone's fourth-largest economy, Spain, will seek a bailout.
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NEW YORK, Oct 2- Shares of Chipotle Mexican Grill Inc took a nosedive on Tuesday when hedge fund manager David Einhorn said the restaurant chain will face significant competition and additional costs, making it an attractive "short."
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*Spain seen requesting bailout, but uncertainty weighs. NEW YORK, Oct 2- The euro continued to strengthen 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.
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*Uncertainty about timing of a Spain bailout request cited. Earlier, Treasuries had slipped as talk of Spain being willing to seek a bailout, along with an unexpected rate cut by Australia's central bank, gave riskier assets an edge over safe-haven U.S. debt.
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NEW YORK-- Shares of Aruba Networks fell more than 7 percent on Tuesday after the company delayed the filing its full-year results because of internal control issues.
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Benchmark oil rose 13 cents Tuesday to $92.61 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 29 cents to $111.90 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.
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NEW YORK, Oct 2- Athanassios Diplas, Deutsche Bank's former global head of systemic risk, is in talks to take an advisory or consulting role with derivatives trade group the International Swaps and Derivatives Association, after leaving Deutsche Bank on Monday, said a person familiar with the situation.
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NEW YORK, Oct 2- Shares of Chipotle Mexican Grill Inc took a nosedive on Tuesday when hedge fund manager David Einhorn said the restaurant chain will face significant competition and additional costs, making it an attractive "short."
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WASHINGTON, Oct 2- Federal and state officials pledged on Tuesday to bring more cases against misconduct that fueled the financial crisis, after New York sued JPMorgan Chase& Co late Monday over mortgage-backed securities packaged and sold by Bear Stearns.
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NEW YORK, Oct 2- The much-awaited bond from Dutch brewer Heineken to take out a EUR2.5bn bridge loan for its acquisition of Asia Pacific Breweries was announced today, and early indications are that it will raise up to US $3.25 bn.
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*MSCI says switch covers $24 million of annual operating income. Oct 2- Vanguard Group, the largest U.S. mutual fund manager, said on Tuesday it was switching 22 of its biggest index funds away from benchmarks provided by MSCI Inc in order to cut costs.
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The two advisers, who started at the same Prudential Securities office in Washington, D.C. in 1997, moved to Wells Fargo& Co's independent broker-dealer on Tuesday. Luts and Greenleigh moved to Citigroup's Smith Barney in 2004 after their old firm, Prudential Securities, was bought by Wachovia.
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NEW YORK-- Americans are expected to spend more during what's traditionally the busiest shopping season of the year, but they're not exactly ready to shop `til they drop like they have been in the past two years.
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NEW YORK-- Chinese solar equipment maker LDK Solar says lenders to its controlling shareholder won't sell loan-related collateral for a year. That gave lenders the right to sell the collateral, which includes shares of LDK Solar.
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The country's largest fertilizer company, Mosaic, said weak demand from China and India weighed on its profits. Mosaic, Dupont and stocks of other companies in the materials industry fell. Shortly before noon, the Dow Jones industrial average was down 75 points at 13,439. Dupont led the Dow lower, sinking 1.8 percent, or 84 cents, to $49.52.
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WASHINGTON-- The federal government on Tuesday threw its support behind a lawsuit against JPMorgan Chase accusing Bear Stearns, the investment bank JPMorgan bought in 2008, of engaging in massive fraud in deals involving billions in residential mortgage-backed securities. Bear Stearns was sold to JPMorgan Chase in 2008..
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*PetSmart to replace Sunoco in the S&P 500 index. Spain was said to be ready to ask the euro zone for help, but Germany has signaled that Madrid should hold off on making its request, according to European officials on Monday.
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NEW YORK-- Americans are expected to spend more during what's traditionally the busiest shopping season of the year, but they're not exactly ready to shop `til they drop like they have been in the past two years.
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*U.S. office rents inch up 0.3 percent- Reis report. NEW YORK, Oct 2- The U.S. office market recovery remained stalled in the third quarter as uncertainty over the upcoming federal elections, U.S. tax policy and Europe's fiscal problems crimped job growth, keeping demand for office space limp and rent growth anemic.
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NEW YORK, Oct 2- Inspired by travel sites like Expedia, start-up Wiresurfer.com is promising to condense three days work into fifteen minutes for small companies shopping for telecommunications services.
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