New York City


  • Wall Street ends lower; focus shifts to earnings Tuesday, 9 Oct 2012 | 4:04 PM ET

    NEW YORK-- Stocks are ending lower on Wall Street after a weak forecast for global growth from the International Monetary Fund. Now investors turn their attention to corporate earnings reports. Aluminum company Alcoa is set to report its results first.

  • NEW YORK, Oct 9- Small- and mid-capitalization stocks fell o n Tuesday, with shares of Super Micro Computer Inc. Shares of Super Micro Computer were down 11.7 percent at $9.39 after it said revenue for its first quarter will be at the lower end of its forecast. Third-quarter results for S&P 500 companies begin after the bell with a report from aluminum company Alcoa.

  • *Growth, Greece worries stoke safety bids for bonds. The International Monetary Fund warned that the United States faces meager growth of about 2 percent this year and next and predicted the euro zone economy would shrink 0.4 percent in 2012. It downgraded its outlook on China, the world's second-largest economy.

  • Surveys: Small biz owners optimistic about future Tuesday, 9 Oct 2012 | 3:55 PM ET

    NEW YORK-- Small business owners may be pessimistic about the economy and their own companies right now, but they're getting optimistic about the future. A survey released Tuesday by the National Federation of Independent Business shows that owners became more pessimistic during September as employment and sales remained weak.

  • NEW YORK, Oct 9- U.S. natural gas futures reversed course and ended higher on Tuesday after early selling, backed by a colder turn in computer weather model projections released at midday. "It's all about weather, and it looks like the noon run turned a bit colder for the 11- to 15- day forecast," a New York- based trader said.

  • NY cotton rises slightly in consolidated trade Tuesday, 9 Oct 2012 | 3:55 PM ET

    *Cotton market awaits USDA supply/demand report Thursday. The benchmark contract traded in a range from 71.41- 72.53 cents, finding resistance just above the 100- day moving average at 72.39 cents.

  • *Terms of the deal with Phillips 66 not disclosed* Terminal has 5 million barrels of storage capacity* It is located 80 miles east of New York Harbor.

  • NEW YORK, Oct 9- A firm that reported trades to the FINRA/NASDAQ Trade Reporting Facility is reviewing transactions in at least 10 U.S.-traded securities that saw sudden, big moves on Tuesday before resuming normal trading in the latest case of odd gyrations by stocks.

  • NY comptroller: Wall Street health still volatile Tuesday, 9 Oct 2012 | 3:35 PM ET

    ALBANY, N.Y.-- Although profits continue to grow on a still rocky Wall Street, jobs are declining along with tax revenue that's vital to the state and New York City, according to a key annual earnings and employment report released Tuesday by New York state Comptroller Thomas DiNapoli.

  • By Robert Gibbons and Matthew Robinson. NEW YORK, Oct 9- Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East. He later told reporters that the OPEC powerhouse would prefer to see oil prices closer to $100 a barrel.

  • Encouraging ratings start for NBC in new season Tuesday, 9 Oct 2012 | 3:26 PM ET

    NEW YORK-- It may not qualify as a revolution, but after years of relentless bad news in the ratings, NBC has opened the new television season with some positive signs. Sunday night football leads the way, as is often the case for NBC. " While third in the ratings race last week, NBC won among viewers ages 18- to-49, the demographic where it concentrates its business.

  • BNP Paribas names Jon Bass to run U.S. bond sales Tuesday, 9 Oct 2012 | 3:21 PM ET

    NEW YORK, Oct 9- BNP Paribas, making good on its chief executive's promise to expand outside of its troubled European base, has filled a long-vacant senior sales position in its fixed-income business in the United States.

  • Brent November crude rose $2.68, or 2.40 percent, to settle at $114.50 a barrel, having traded from $111.97 to $114.72.

  • NEW YORK, Oct 9- Securities industry watchdog FINRA is reviewing transactions in at least 10 U.S.-traded securities that saw sudden, big moves on Tuesday before resuming normal trading in the latest case of odd gyrations by stocks.

  • Gold down after another report shows weaker growth Tuesday, 9 Oct 2012 | 3:11 PM ET

    NEW YORK-- The price of gold fell more than $10 an ounce Tuesday after the International Monetary Fund cut its forecast for world economic growth. Gold for December delivery fell $10.70 an ounce to close at $1,765. December silver fell 3.2 cents per ounce to $33.985, and January platinum lost $3.50 to close at $1,695.30 per ounce.

  • Alcoa, Aluminum Bahrain reach $85M settlement Tuesday, 9 Oct 2012 | 3:06 PM ET

    NEW YORK-- Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain- controlled company overpaying for raw materials. Alcoa agreed to pay $85 million in cash to Aluminum Bahrain BSC, or Alba, without admitting liability.

  • *Growth, Greece worries stoke safety bids for bonds. NEW YORK, Oct 9- U.S. The International Monetary Fund, one of Greece's main lenders, said in a report on Tuesday that Athens would miss the five-year debt reduction target that is a condition for the country's 130 billion euro bailout.

  • NEW YORK, Oct 9- Weekly U.S. sales of short-term U.S. The Treasury sold $32 billion in three-month bills at a high rate of 0.100 percent, awarding 72.35 percent of the bids at the high.

  • *UAE spoke last month of Iran's "occupation". DUBAI, Oct 9- Iran's Foreign Ministry spokesman said on Tuesday Tehran would consider downgrading ties with the United Arab Emirates over three disputed Gulf islands, but state television later denied the Islamic Republic was contemplating such a move.

  • *David Loglisci pleaded guilty in 2010. NEW YORK, Oct 9- David Loglisci, former chief investment officer at the New York state pension fund, was sentenced to a conditional discharge Tuesday for allowing a "culture of corruption" at the fund.