Five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation.» Read More
NEW YORK, Oct 1- U.S. natural gas futures were higher on Monday for the fifth straight day, with Northeast and Midwest forecasts calling for cool weather for later this week and next week driving the front contract to a new high for the year.
Manufacturing grew in September for the first time in four months, according to the Institute for Supply Management. The Commerce Department said Monday that builders spent more money to construct homes in August. The dollar fell to 0.9383 Swiss franc from 0.9404 Swiss franc and to 98.22 Canadian cents from 98.34 Canadian cents.
NEW YORK, Oct 1- U.S. manufacturing unexpectedly grew last month for the first time since May but euro zone factories suffered their worst quarter since early 2009 and China lost steam, suggesting the global economy faces hurdles as it tries to outrun recession.
NEW YORK-- Workday Inc. said Monday it expects shares of its planned initial public stock offering to price at $21 to $24 each, valuing the company at about $3.61 billion.
Oct 1- NEW YORK, October 01 Fitch Ratings believes, while airports globally are growing strongly, the differences in performance between airports across global regions are likely to continue due to local economic trends and choices by carriers.
NEW YORK-- Natural gas futures jumped 13 cents Monday, nearly 4 percent, to $3.45 per thousand cubic feet. Natural gas is up 24 percent over the past month and up 81 percent since hitting a 10- year low of $1.91 on April 19.
NEW YORK-- American Airlines says a Boston- to- Miami flight had to make an emergency landing at New York's JFK airport over the weekend due to a row of seats that became loose. Passengers aboard the flight were placed on another aircraft for the trip to Miami. It says the FAA was notified of the problem and the airline's internal review.
Oct 1- Standard& Poor's Ratings Services will hold a telephone conference call on Thursday, Oct. 4, 2012 at 11:00 a.m. Eastern Daylight Time to discuss the outlook, key credit drivers and recent developments within the U.S. and European packaging sectors and what this could mean for specific packaging and packaging-focused forest products companies.
Oct 1- Private equity firm CVC Capital Partners Ltd said on Monday it had agreed to buy a majority stake in Cunningham Lindsey Group Ltd in a deal that a source familiar with the matter said valued the insurance claims management company at up to $1 billion.
NEW YORK, Oct 1- Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. The ISM number suggests that things are not that bad, "said Adam Sarhan, chief executive officer at Sarhan Capital in New York."
NEW YORK, Oct 1- U.S. The Institute for Supply Management said its index of U.S. factory activity rose to a reading of 51.5 in September as new orders and employment picked up.
Benchmark crude rose 14 cents to $92.33 around 1:30 p.m. in New York. Brent crude, which is used to price international varieties of oil, fell 61 cents to $111.78 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.
NEW YORK-- Shares of Transocean Ltd. rose Monday after a Brazilian judge said that the company will be allowed to continue to operate drilling rigs in most fields off the shores of Brazil.
WASHINGTON-- American Express is paying $112 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. American Express is refunding $85 million to about 250,000 customers and is paying $27.5 million in civil fines.
*Euro zone heading toward recession, China still slowing. NEW YORK, Oct 1- U.S. stocks advanced on Monday after a surprise expansion in U.S. manufacturing last month eased concerns about the economy and offset a gloomier outlook in Asia and Europe.
NEW YORK-- TRW Automotive Holdings Corp. said Monday that its board approved a $1 billion share repurchase plan, prompting an analyst to reiterate a "Buy" rating on the auto parts maker's stock. A significant portion of its sales come from Europe, where new vehicle demand has fallen this year amid the continuing economic uncertainty there.
NEW YORK-- Business is looking a little brighter at smaller companies. A survey released Monday shows that they borrowed more money during August _ a sign that business owners are becoming more confident about the economy.
NAIROBI, Oct 1- Kenya wants licensed oil and gas explorers to speed up their work to meet the terms of their contracts, and may invoke its right to cash in their guarantees if they fail to do so, a senior Ministry of Energy official said.
Oct 1- Lazard Ltd has named Edward Yorke as head of its North American financial sponsors group, where he will help advise private equity firms on transactions, the firm said in a press release on Monday. Yorke joins Lazard from Credit Suisse Group AG, where he was a managing director and vice chairman of investment banking for the Americas.
He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.