Are high taxes in New York City chasing away the rich? CNBC's Robert Frank reports 1 in every 22 New York City people is a millionaire.» Read More
NEW YORK-- An analyst lowered his rating on Wendy's Co. on Monday, saying that he has concerns that a key revenue metric may disappoint in the third quarter.
LONDON, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns that a shaky global economy may hurt oil demand following fresh signs of weakness in China and Japan and evidence of a new recession in the debt-saddled euro zone.
LONDON-- European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10.
*Price to hold steady ahead of U.S. jobs numbers* Platinum firm; unrest in South Africa continues By Amanda Cooper. LONDON, Oct 1- Gold steadied just below one-week highs on Monday, after posting its strongest quarterly gain in over two years, and looked set to hold fairly firm ahead of a key U.S. report on employment later this week.
KABUL, Oct 1- Afghan journalists are claiming a small victory in their battle for press freedom after the government agreed to some softening of media restrictions, industry representatives said on Monday. The Ministry of Information and Culture agreed to five of 19 changes suggested by journalists.
HELSINKI, Sept 30- Phone maker Nokia Oyj. will announce on Monday a deal that will give Oracle Corp's customers access to its mapping services, Nokia said on Monday. In stark contrast with Nokia's troubled phone business, sales at Nokia's location business grew last quarter, although it still generates only 4 percent of group revenue.
KABUL, Oct 1- Afghan journalists are claiming a small victory in their battle for press freedom after the government agreed to some softening of media restrictions, industry representatives said on Monday. The Ministry of Information and Culture agreed to five of 19 changes proposed by journalists.
Athens needs the lenders to approve a proposed package of spending cuts and tax hikes to receive the next installment of emergency loans intended to keep Greece from defaulting on its massive debts. Britain's FTSE 100 rose 1 percent to 5,801.13. In Asia, markets in China, Hong Kong and South Korea were closed for public holidays.
DUBAI, Oct 1- Abu Dhabi Investment Authority, the cash-rich emirate's sovereign wealth fund, has hired Colm Lanigan to head principal investments at its private equities department, it said on Monday. Lanigan was most recently the managing partner of Tara Capital, a New York- based boutique private equity firm that he started in 2005..
SYDNEY, Oct 1- Australian shares ended flat on Monday, giving up early gains after data showing China's manufacturing sector remained in contraction in September fuelled investor worries about weak global growth. Mining and steel maker Arrium.
*Japan's business sentiment worsens- tankan. SINGAPORE, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hurt oil demand following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro zone.
Oct 1- The following are the top stories on the New York Times business pages on Monday. *A tax break for wage earners for which the White House campaigned hard last winter now finds little support in Washington, as Congress struggles with deficits.
SYDNEY, Oct 1- Australian shares finished flat on Monday, after data showing that while China's manufacturing sector had improved somewhat in September, it remained in contraction, heightening investors' worries about weak global economic growth.
*Japan's business sentiment worsens- Tankan. SINGAPORE, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hurt oil demand following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro zone.
BANGKOK-- Japan's benchmark Nikkei 225 index fell Monday after a closely watched survey showed confidence in the economy weakening. Toyota Motor Corp. lost 2.3 percent and Nishimatsu Construction Co. slid 4.2 percent. Stan Shamu of IG Markets in Melbourne, Australia said that investors are still concerned about Spain's financial health.
NEW YORK-- American Airlines says a Boston to Miami flight had to make an emergency landing at JFK airport over the weekend due to a row of dislodged seats. The unit of AMR Corp. said in a statement that passengers in the affected row were moved to three other seats. Passengers aboard the flight were placed on another aircraft for the trip to Miami.
WASHINGTON-- American Express Co. is paying $112.5 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.
NEW YORK-- The Ryder Cup's final day has drawn its highest preliminary television rating since the last big comeback 13 years ago. Sunday's coverage on NBC earned a 4.1 overnight rating and 9 share. NBC is controlled by Comcast Corp..
NEW YORK Oct 1- Hedge fund manager Zack Buckley made the case against data analytics company Splunk Inc, sending the recently public company's shares falling on Monday.
*Hearings to start Oct. 15, extend into December* Entergy wants plant to run for another 20 years* New York Governor Cuomo opposes license renewal By Scott DiSavino.