New York City


  • UPDATE 3-Clinton Group no longer seeking sale of Wet Seal Wednesday, 10 Oct 2012 | 2:46 PM ET

    Oct 10- Activist investor Clinton Group said it will no longer push for the sale of women's clothing retailer Wet Seal Inc after winning control of the board last week, but will instead focus on turning the company around.

  • Unlikely Starbucks-Rodarte duo team for holiday Wednesday, 10 Oct 2012 | 2:41 PM ET

    NEW YORK-- Not expecting the indie fashion darlings of Rodarte and the in-every-neighborhood coffee retailer Starbucks to be in the same sentence, let alone the same stores? Starbucks Corp. tapped sisters Laura and Kate Mulleavy as its next design partners for a series of limited-edition products for the holiday season.

  • U.S. crude drops $1, Brent turns lower in choppy trading Wednesday, 10 Oct 2012 | 2:34 PM ET

    NEW YORK, Oct 10- U.S. crude futures fell more than $1 and Brent crude turned lower on Wednesday in volatile trading as Wall Street stocks pulled back and economic concerns provided pressure, after oil prices had drawn early support from tension in the Middle East. U.S. crude was down $1.15 at $91.24 a barrel at 2:27 p.m. EDT, having traded from $91.02 to $93.66.

  • WASHINGTON, Oct 10- JPMorgan Chase& Co Chief Executive Jamie Dimon said his company has lost up to $10 billion as a result of the government asking him to buy teetering Wall Street firm Bear Stearns during the financial crisis.

  • UPDATE 5-Jeans maker True Religion explores sale Wednesday, 10 Oct 2012 | 2:30 PM ET

    *Warnaco, VF Corp, PVH Corp likely bidders- source. By Juhi Arora and Siddharth Cavale. Oct 10- Premium jeans maker True Religion Apparel Inc, hit by falling sales after a series of fashion missteps, said it may sell itself after attracting interest from potential buyers.

  • FTC says Equifax, customers pay $1.6M settlement Wednesday, 10 Oct 2012 | 2:24 PM ET

    NEW YORK-- The Federal Trade Commission said Wednesday that credit reporting firm Equifax Inc. will pay $393,000 to resolve allegations it broke the law by selling lists of consumers who were late on their mortgage payments. The agency said Equifax and Direct Lending Source violated the FTC Act and the Fair Credit Reporting Act.

  • Shares of Chevron Corp. plunge on 3Q forecast Wednesday, 10 Oct 2012 | 2:15 PM ET

    NEW YORK-- Shares of Chevron Corp. plunged Wednesday after the oil giant said its third-quarter earnings are expected to be "substantially lower" than in the second quarter. In addition, results from refining and marketing dropped after a fire damaged Chevron's refinery in Richmond, Calif., and Hurricane Isaac disrupted production at a refinery in Mississippi.

  • Monster shares fall after analyst downgrade Wednesday, 10 Oct 2012 | 2:11 PM ET

    NEW YORK-- Shares of Monster Beverage Corp. fell Wednesday after a Stifel Nicolaus analyst lowered his rating on the energy drink maker, citing slowing sales growth and regulatory risks.

  • Chef Barber's quest for flavor may prickle purists Wednesday, 10 Oct 2012 | 2:08 PM ET

    PARIS-- He fires up the succulent pork over gnarled, carbonated pig bones, grows sweet greens in a soil mixed with pumice left over by the hazelnut oil industry and he's creating a new kind of wheat, named after himself _ Barber. But Dan Barber, the prize-winning American chef, insists he's not an ecologist who likes to cook.

  • Sprint holds off on MetroPCS bid, for now - sources Wednesday, 10 Oct 2012 | 2:05 PM ET

    NEW YORK, Oct 10- Sprint Nextel Corp is holding off on deciding whether to make a bid to buy MetroPCS Communications Inc as it continues to weigh its options, a source familiar with the matter said on Wednesday. Sprint's board met on Friday to discuss a potential bid for the smaller company, another source familiar with the matter told Reuters.

  • *Turkey warns Syria about cross-border shelling. NEW YORK, Oct 10- Brent crude prices edged up on Wednesday in volatile trading, as concerns about the security of Middle East supplies amid escalating tensions over Syria helped offset fears that slowing economic growth will curb demand for petroleum.

  • NEW YORK, Oct 10- U.S. stocks extended their decline on Wednesday, with the Dow industrials briefly down 1 percent, weighed by a sharp retreat in shares of Chevron and Alcoa. The Dow Jones industrial average fell 125.20 points, or 0.93 percent, to 13,348.33. The S&P 500 lost 9.04 points, or 0.63 percent, to 1,432.44.

  • 'Breakfast at Tiffany's' aims for Broadway in 2013 Wednesday, 10 Oct 2012 | 1:57 PM ET

    NEW YORK-- There's a fresh push to get Holly Golightly onto a Broadway stage. Producers said Wednesday that a new adaptation of "Breakfast at Tiffany's" is aiming for a Shubert theater in New York City in February 2013.

  • NEW YORK, Oct 10- Small and midcapitalization stocks slipped on Wednesday, dragged down by the latest warnings from companies including Avnet Inc as U.S. third-quarter earnings reports got under way. The reporting period began with results from Dow component Alcoa after Tuesday's stock market close.

  • WASHINGTON, Oct 10- JPMorgan Chase& Co Chief Executive Jamie Dimon said his company has lost up to $10 billion as a result of the government asking him to buy teetering Wall Street firm Bear Stearns during the financial crisis. "I'm going to say we've lost $5 billion to $10 billion on various things related to Bear Stearns now.

  • True Religion rises on news of possible sale Wednesday, 10 Oct 2012 | 1:27 PM ET

    NEW YORK-- True Religion Apparel's stock soared on Wednesday as investors embraced the clothing company's announcement that it is considering putting itself up for sale. THE ANALYSIS: Dorothy Lakner of Caris& Co. said in a client note that there's been speculation in the past that True Religion might look to sell itself, but believes that this time it's for real.

  • NEW YORK, Oct 10- U.S. natural gas futures were trading nearly flat on Wednesday in a seesaw session, with some follow-through buying after the previous day's rally offset by milder Northeast and Midwest weather forecasts for next week that should slow demand.

  • LBJ biography, Mideast memoir among book award finalists Wednesday, 10 Oct 2012 | 1:20 PM ET

    NEW YORK, Oct 10- Books about war-torn Iraq and post-World War II Eastern Europe, Lyndon Johnson and Mumbai were among 20 finalists announced on Wednesday for the annual National Book Awards, among the most prestigious in U.S. publishing.

  • U.S. Treasuries add to price gains after debt sale Wednesday, 10 Oct 2012 | 1:11 PM ET

    NEW YORK, Oct 10- Prices for U.S. Treasuries extended gains after a sale of 10- year debt, despite losses earlier in the session. Treasury sold $21 billon in 10- year notes at a high yield of 1.7 percent.

  • Dollar trades in tight ranges ahead of Beige Book Wednesday, 10 Oct 2012 | 1:06 PM ET

    The euro rose to $1.2888 in afternoon trading from $1.2880 late Tuesday. The British pound slipped to $1.6003 from $1.6004. The dollar rose to 78.24 Japanese yen from 78.22 yen.