The Metropolitan Opera plays hardball with unions, vowing a lockout without union concessions before a midnight Thursday deadline.» Read More
NEW YORK, Oct 3- Nasdaq canceled some trades in shares of Kraft Foods Group that had pushed the stock up about 29 percent in just one minute, the latest in a string of trading glitches that have rattled market confidence. During the one-minute period, Kraft shares surged as high as $58.54 after opening at $45.44.
NEW YORK, Oct 3- The leak in a truck loading propane at Hess Corp's 70,000 barrel per day refinery in Port Reading, New Jersey, has been stopped, and emergency responders are demobilizing, a company spokesman said on Wednesday. The leak developed at about 10:45 a.m. on Wednesday. Emergency responders worked to safely disperse the vapors.
*China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and weak petroleum demand, even as supportive U.S. data strengthened the dollar.
U.S. stocks rose on Wednesday after stronger-than-expected employment and service-sector data in the United States, but a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares. **SAREPTA THERAPEUTICS INC, $40.65, up 171 pct. **HEWLETT-PACKARD CO, $15.67, down 8.4 pct.
The Institute for Supply Management said its index of service companies rose to 55.1 in September, the highest level since March. The euro fell to $1.2899 in late trading Wednesday from $1.2917 late Tuesday. The dollar rose to 78.52 Japanese yen from 78.13 yen, to 0.9390 Swiss franc from 0.9364 Swiss franc and to 98.82 Canadian cents from 98.42 Canadian cents.
NEW YORK-- Boeing Co. and the commercial aircraft leasing and financing arm of General Electric Co. have agreed on a firm order for 85 737 s. With this order, GE Capital Aviation Services has ordered 580 airplanes directly from Boeing since 1995..
The price of oil plunged Wednesday on more evidence of slower growth in China. Benchmark oil fell $2.93, or 3.2 percent, Wednesday to $88.96 per barrel in afternoon trading in New York. China is the world's second largest economy and a huge importer of commodities like oil.
TRENTON, N.J.-- Bristol-Myers Squibb Co. and Sanofi SA said Wednesday that they are restructuring their longtime partnership selling popular heart medications, now that their sales are plunging due to recent, widespread competition from generic versions.
The boards of both companies voted on Wednesday to approve the deal, which will see Deutsche Telekom hold 74 percent and MetroPCS 26 percent in the combined entity.
*Gasoline inventories rise slightly in week to Sept. 28. NEW YORK, Oct 3- U.S. crude oil stocks declined unexpectedly last week and distillate inventories fell more steeply than forecast, government data showed on Wednesday.
NEW YORK-- Canadian drugmaker Aeterna Zentaris Inc. said Wednesday that it will conduct a six-for-one reverse stock split to boost its share price and regain compliance with Nasdaq rules.
NEW YORK-- Shares of LifeLock fell more than 3 percent in its first day of trading as the online provider of identity theft protection services priced its initial public offering below the anticipated range. LifeLock disclosed in a September regulatory filing that it expected the offering of 15.7 million shares to price between $9.50 and $11.50 each.
**SAREPTA THERAPEUTICS INC, $40.19, up 168 pct. **BIOLASE INC, $2.11, up 27 pct. The company said health regulators in Europe and the United States approved its laser device for use in soft tissue surgery, teeth whitening, and pain therapy.
The price of oil is plunging on more evidence of slower growth in China. China says its services sector slowed in September but still is growing. China is a huge importer of commodities like oil so slower growth there could cut into demand for oil.
NEW YORK, Oct 3- U.S. crude futures fell $3 on Wednesday as weak economic data from China and Europe countered any support from a government report of falling crude stockpiles and stronger-than-expected figures for the U.S. services and private employment sectors.
The Natural Gas Supply Association said Wednesday in its annual winter outlook that natural gas prices, which averaged $2.75 per thousand cubic feet between November and March last season, may trend slightly upward for this heating season. Natural gas futures traded at $3.42 in New York Wednesday morning.
NEW YORK-- The nation's crude oil supplies declined last week, the government said Wednesday. Crude supplies dropped by 500,000 barrels, or 0.1 percent, to 364.7 million barrels, which is 8.4 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
NEW YORK, Oct 3- U.S. crude oil stocks declined unexpectedly last week and distillate inventories fell more steeply than forecast, government data showed on Wednesday. Domestic stocks of crude dropped by 482,000 barrels in the week to Sept. 28, the Energy Information Administration reported, despite an increase in imports.
LONDON/ NEW YORK, Oct 3- The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.
NEW YORK, Oct 3- U.S. companies added more jobs than expected in September, while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.