Since June 2010 NYC's Metropolitan Transportation Authority has given more than 250,000 late notes to subway riders if their trains is tardy.» Read More
Citigroup Inc. rose$. 20 or. 4 percent, to $50.91. Goldman Sachs rose$. 73 or. 4 percent, to $168.33. JPMorgan Chase rose$. 24 or. 4 percent, to $56.31.
Coca-Cola Co. fell$. 92 or 2.3 percent, to $39.21. Dr Pepper Snapple fell$. 63 or 1.3 percent, to $47.30. Molson Coors Brewing Co. fell$. 88 or 1.6 percent, to $53.42.
Amgen Inc. fell$. 48 or. 4 percent, to $112.57. Biogen Idec fell$. 17 or. 1 percent, to $277.87. Celgene Corp. fell$. 53 or. 3 percent, to $165.52.
Boeing rose$. 40 or. 3 percent, to $132.96. Lockheed Martin Corp. rose$. 52 or. 4 percent, to $137.98. Northrop Grumman Corp. rose$. 51 or. 5 percent, to $108.03.
NEW YORK, Dec 12- Cisco Systems Chief Executive John Chambers said on Thursday that the network equipment company is preparing for a long battle to improve its business in China, one that will not be won "in a quarter or two."
PLANO, Texas, Dec 12- J.C. Penney Co Inc is looking to the past to build its future. After two years of declining sales, the department store chain is eliminating or trimming some high-profile brands introduced by former Chief Executive Officer Ron Johnson, including its own jcp menswear, Joe Fresh clothes and some Martha Stewart- designed home furnishings.
*SPDR Gold Trust holdings drop, investment demand lags. NEW YORK/ LONDON, Dec 12- Gold prices fell 2 percent on Thursday as upbeat U.S. retail sales data boosted the dollar and stoked expectations that the Federal Reserve could reduce its bond-buying stimulus soon. Silver slid 4 percent, while platinum group metals also fell sharply.
NEW YORK, Dec 12- A former asset management firm analyst testified Thursday that he received detailed tips from a friend at Dell Inc, giving prosecutors a link to show how SAC Capital Advisors portfolio manager Michael Steinberg obtained inside information.
*U.S. to sell $96 bln Treasuries, $16 bln TIPS next week. NEW YORK, Dec 12- U.S. The auction "tailed" the 1 p.m. bidding deadline level by 1 basis point for a yield of 3.90 percent, said Brett Rose, analyst at Citigroup Global Markets, in a research note.
TOKYO, Dec 13- The Bank of Japan's commitment to ultra-easy monetary policy has revived the appeal of the yen to fund investments in higher-yielding assets, though analysts and market participants say the so-called yen carry trade has yet to catch fire.
Dec 12- Southwest Airlines plans to announce a schedule for international service under the Southwest brand next year, Chief Executive Gary Kelly said on Thursday.
*SPDR Gold Trust holdings drop, investment demand lags. NEW YORK/ LONDON, Dec 12- Gold prices fell two percent on Thursday as upbeat U.S. retail sales data boosted the dollar and stoked expectations that the Federal Reserve could reduce its bond-buying stimulus soon.
Dec 12- Shares of Hilton Worldwide Holdings Inc, the world's largest hotel operator, rose more than 9 percent in afteroon trading during their New York Stock Exchange debut on Thursday. The stock climbed as high as $21.92 after Blackstone Group LP raised more than $2.3 billion in the year's second-biggest IPO.
NEW YORK, Dec 12- Europe, long a scapegoat for weak earnings at U.S. multinational companies, is now looking like a more dependable source of profits, and that could make some stocks that have lagged this year's rally more enticing to investors.
NEW YORK-- The Consumer Product Safety Commission says about 8,900 flat-screen TVs are being recalled because a faulty electronic component that can catch fire. The importer and distributor of the TVs, Coby USA, went out of business, the agency says. _ ABC Warehouse, 510-0070 or http://www.abcwarehouse.com.
WASHINGTON, Dec 12- The Democratic-led U.S. Senate approved four of President Barack Obama's nominees on Thursday as an around-the-clock, confirmation merry-go-round entered its second day with Republicans unable to stop it because of a recent rule change.
NEW YORK, Dec 12- JPMorgan Chase& Co is working with criminal and regulatory authorities on settlements over the bank's relationship with convicted Ponzi schemer Bernard Madoff, one that would involve $2 billion in penalties and a rare criminal action, according to sources familiar with the matter.
After two years of declining sales, J.C. Penney is reducing some high-profile brands introduced by former CEO Ron Johnson and reviving old labels.
NEW YORK/ SAN FRANCISCO, Dec 12- Photo-sharing service Instagram unveiled a new feature Thursday that allows users to send images and messages privately, as the Facebook- owned company sought to bolster its appeal among younger consumers who are increasingly using mobile messaging applications.
Aflac Inc. fell$. 04 or. 1 percent, to $65.68. American International Group rose$. 84 or 1.7 percent, to $49.54. MBIA fell$. 09 or. 8 percent, to $11.33.