New York City


  • Alcoa and Chevron lead Dow Jones average down Wednesday, 10 Oct 2012 | 10:20 AM ET

    NEW YORK-- Downbeat reports from Alcoa and Chevron at the start of a critical corporate earnings season pulled stock indexes lower for a third straight day Wednesday. Alcoa, the aluminum producer, beat Wall Street earnings estimates on Tuesday night but said it expects a slowdown in China to weaken demand for aluminum.

  • NYC homeless boom puts shelters in lap of wealthy Wednesday, 10 Oct 2012 | 10:19 AM ET

    NEW YORK-- With a grand entryway of ornate white stonework, the elegant building seems to blend right into this Manhattan neighborhood of multimillion-dollar brownstones.

  • Rice seller Amira climbs in 1st day on NYSE Wednesday, 10 Oct 2012 | 10:12 AM ET

    NEW YORK-- Shares of basmati rice seller Amira are rising in their first day of trading Wednesday on the New York Stock Exchange after the company raised $90 million in an initial public stock offering. Amira Nature Foods Ltd., which is based in the United Arab Emirates, sells packaged rice grown in India in more than 40 countries.

  • Heating costs to rise this winter as cold returns Wednesday, 10 Oct 2012 | 10:01 AM ET

    NEW YORK-- Americans will pay more to heat their homes this winter as they feel something they didn't feel much of last year: cold. But customers will have to use more energy to keep warm than they did a year ago, according to the annual Winter Fuels Outlook from the Energy Department's Energy Information Administration.

  • EIA sees US natural gas production up in 2012, 2013 Wednesday, 10 Oct 2012 | 10:00 AM ET

    NEW YORK, Oct 10- The U.S. Energy Information Administration on Wednesday said it expected domestic natural gas production in 2012 to be up nearly 4 percent from 2011' s record levels.

  • LONDON, Oct 10- Brent crude oil eased towards $114 a barrel but stayed close to a three-week high on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • Slovenia confirms banks for roadshow ahead of dollar bond Wednesday, 10 Oct 2012 | 9:48 AM ET

    LONDON, Oct 10- Slovenia has confirmed that it has mandated BNP Paribas, Deutsche Bank and JP Morgan to arrange investor meetings with a potential US Dollar 144 a/Reg S offering to follow, subject to market conditions. The Slovenes will meet investors across the US starting on the West Coast on October 15, then in Boston on October 16, and New York on October 17.

  • Oct 10- Danaher Corp and Cooper Industries will sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion, joining a growing group of U.S. conglomerates that is divesting its non-core assets.

  • *Seller Rabobank evaluating the offers for Robeco- sources. *AMG/Permira plan to split up Robeco- sources. *Robeco could fetch more than 2 billion euros- sources.

  • NEW YORK, Oct 10- U.S. stocks opened flat on Wednesday as earnings season began mixed, with Alcoa Inc warning on slowing aluminum consumption but Yum Brands raising its outlook. The Dow Jones industrial average was down 19.35 points, or 0.14 percent, at 13,454.18. The Nasdaq Composite Index was down 1.06 points, or 0.03 percent, at 3,063.96.

  • Stocks lower as earnings season begins Wednesday, 10 Oct 2012 | 9:32 AM ET

    NEW YORK-- Stocks are opening lower on Wall Street as the season of corporate earnings reports begins. Alcoa stock is opening slightly lower. Alcoa is down 12 cents at $9.01.

  • YOUR MONEY - Is your boss watching your cholesterol? Wednesday, 10 Oct 2012 | 9:30 AM ET

    Workers at Wal-Mart Stores Inc pay a surcharge of $10 per pay period if they smoke, for example. "Companies are struggling to get people more engaged in their health, and financial incentives are an increasingly important piece of that puzzle," says Tom Billet, senior consultant for human resource consulting firm Towers Watson.

  • Rabobank weighs bids for asset manager Robeco -sources Wednesday, 10 Oct 2012 | 9:28 AM ET

    LONDON/ NEW YORK, Oct 10- Dutch bank Rabobank. is weighing three offers for its asset management arm Robeco as it has to choose between bids to split the 2 billion euro plus business or keep it whole, people familiar with the situation said.

  • Report sees jobs, revenues in offshore winds Wednesday, 10 Oct 2012 | 9:21 AM ET

    RICHMOND, Va.-- The large-scale development of wind power off the Mid-Atlantic coast would create more than 70,000 jobs from New York to Virginia, an industry-sponsored study concludes. The study was conducted for the Atlantic Wind Connection and released during the American Wind Energy Association's annual conference in Virginia Beach.

  • *Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks were set for a slightly lower open on Wednesday as earnings season started with a warning from Alcoa about slower aluminum consumption, underscoring concerns about sluggish worldwide growth.

  • *Fed to sell $7 billion to $8 billion in short-dated debt. Treasuries prices fell on Wednesday as traders reduced their bond holdings to make room for $21 billon in 10- year note supply, part of this week's $66 billion in coupon-bearing offerings.

  • Jimmy Page says 'no' to Led Zeppelin reunion Wednesday, 10 Oct 2012 | 9:16 AM ET

    NEW YORK-- Led Zeppelin will not be reuniting any time soon. Just the mere mention of the topic set lead singer Robert Plant off at their news conference for the bands upcoming concert film, "Celebration Day."

  • NEW YORK, Oct 10- Helen of Troy Ltd:.

  • NEW YORK, Oct 10- U.S. natural gas futures were trading near flat early on Wednesday, with some follow-through buying after Tuesday's modest rally underpinning prices despite milder Northeast and Midwest weather forecasts for next week that should slow demand.

  • Earnings Preview: Safeway reports 3Q Friday Wednesday, 10 Oct 2012 | 9:03 AM ET

    NEW YORK-- Safeway Inc. may give investors a glimpse of how the supermarket chain's new loyalty program for shoppers is impacting sales when it reports its third-quarter results Friday.