New York City


  • Mining companies shares mixed on price outlook Wednesday, 10 Oct 2012 | 12:42 AM ET

    Gold hit a 2012 closing high of $1,796.50 per ounce on Oct. 4. Although prices have fallen since, several analysts expect gold to hit or top $1,800 an ounce in 2013..

  • U.S. 30-year Treasury prices trim losses, turn flat Wednesday, 10 Oct 2012 | 12:41 AM ET

    NEW YORK, Oct 10- Prices for U.S. 30- year Treasury bonds trimmed losses to turn briefly flat on Wednesday, shortly before an auction of 10- year debt. Bond prices had fallen earlier in the day as traders reduced holdings to make room for $21 billon in 10- year note supply.

  • Zynga down on Piper Jaffray downgrade Wednesday, 10 Oct 2012 | 12:31 AM ET

    NEW YORK-- Shares of Zynga tumbled nearly 5 percent Wednesday after Piper Jaffray predicted that a decline in revenue for social gaming companies would accelerate next year, with fewer teens showing interest. On Friday, the shares hit an all-time low of $2.21, after Zynga forecast a third-quarter loss.

  • Kinross Gold Corp.'s finance chief resigns Wednesday, 10 Oct 2012 | 12:23 AM ET

    NEW YORK-- The finance chief of Kinross Gold Corp. is resigning to pursue other interests. The Toronto gold mining company said Tuesday that it has begun a search for Paul H. Barry's replacement. Shares of Kinross Gold rose 3 cents, to $10.45 in afternoon trading.

  • *Turkey warns Syria about cross-border shelling. Shelling along the Turkey- Syria border, hostility between Iran and the West and an impending Israeli election have reinforced fears about potential threats to oil supplies from the Middle East Gulf.

  • Oil prices rise on encouraging economic data Wednesday, 10 Oct 2012 | 12:20 AM ET

    NEW YORK-- The price of oil rose slightly Wednesday on another encouraging sign for the U.S. economy. Benchmark crude gained 42 cents to $92.81 per barrel at midday in New York. The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea.

  • Cash pulled from stock funds for 7th month in row Wednesday, 10 Oct 2012 | 12:12 AM ET

    BOSTON-- Even as stock prices rose again in September, investors withdrew money from stock mutual funds at the fastest pace of the year, marking the seventh straight month that withdrawals have exceeded deposits.

  • OraSure shares rise on launch of HIV test Wednesday, 10 Oct 2012 | 12:08 AM ET

    NEW YORK-- Shares of OraSure jumped nearly 5 percent Wednesday after the company launched sales of the first home HIV test of its kind to be approved by federal regulators.

  • Caro, Shadid among National Book Award finalists Wednesday, 10 Oct 2012 | 12:04 AM ET

    NEW YORK-- Robert Caro, Junot Diaz and the late Anthony Shadid were among the finalists announced Wednesday for the National Book Awards. Other nominees included the novelists Dave Eggers and Louise Erdrich and nonfiction writers Anne Applebaum and Katherine Boo.

  • Muller's PDT gets $500 mln from Blackstone - report Wednesday, 10 Oct 2012 | 12:01 AM ET

    Oct 9- Peter Muller, the founder of Morgan Stanley's proprietary trading unit that is being spun off this year as a stand-alone hedge fund, has raised more than $500 million from Blackstone Group LP, Bloomberg reported.

  • Asia stocks fall on Spain, US earnings worries Tuesday, 9 Oct 2012 | 10:32 PM ET

    BANGKOK-- Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent Asian stocks down on Wednesday. International Monetary Fund said Tuesday that Spain's economy _ already in double-dip recession _ will contract by 1.3 percent next year _ more than double its previous prediction.

  • One Direction, NFL's Drew Brees join Pepsi for ad Tuesday, 9 Oct 2012 | 8:43 PM ET

    The soda company is partnering with the boy band and NFL star Drew Brees for an ad that will debut this week. PepsiCo Inc. increased its media spending in the United States by more than 40 percent during the second quarter compared with a year ago. In the past, Pepsi has filmed ads with Michael Jackson, Britney Spears and Beyonce.

  • Oct 10- With flu season approaching, a Canadian study offers more reassurance that children with egg allergies can be safely vaccinated against the virus. The researchers, whose findings appeared in The Journal of Allergy and Clinical Immunology, followed 367 egg-allergic people, mostly children, who got the flu shot over five years.

  • Australia shares fall 0.4 pct, gold miners sink Tuesday, 9 Oct 2012 | 7:25 PM ET

    MELBOURNE, Oct 10- Australian shares fell 0.4 percent on Wednesday, with some of the biggest declines recorded by gold miners after bullion prices headed lower offshore. eased 0.6 percent to 3,882.8 after U.S. stocks fell on increasing worries about third-quarter earnings and the International Monetary Fund warned on global growth.

  • *Bents fraudulently told investors that fund was safe- SEC. NEW YORK, Oct 9- A jury is being asked to decide whether money market pioneer Bruce Bent and his son played by the rules when their fund became a victim of the collapse of Lehman Brothers in September 2008.

  • By Sam Forgione and Jennifer Ablan. The PIMCO Total Return Fund, the world's largest mutual fund with about $278 billion in assets, attracted roughly $6.25 billion in new money in the third quarter, according to Morningstar. Meanwhile, the DoubleLine Total Return Bond Fund was second with $4.45 billion in assets.

  • NEW YORK, Oct 9- Booker-prize-winning author John Banville explores the nature of memory or, as he would prefer to call it, imagination in his latest book.

  • Oct 9- Best Buy Co Inc's chief financial officer, James Muehlbauer, is leaving the embattled retailer after more than a decade, the company said on Tuesday. Best Buy, which appointed a new chief executive in late August, said it was looking for a replacement.

  • Australia shares seen down, index back below 4,500 Tuesday, 9 Oct 2012 | 6:35 PM ET

    MELBOURNE, Oct 10- Australian shares may ease from 14- month highs on Wednesday after U.S. stocks fell on concerns over third-quarter earnings, although energy companies may be boosted by a sharp rise in oil prices. *Energy companies such as Woodside Petroleum.

  • Oct 9- Best Buy Co Inc's chief financial officer, James Muehlbauer, is leaving the embattled retailer after more than a decade, the company said on Tuesday. Best Buy, which appointed a new chief executive in late August, said it was looking for a replacement.