New York City


  • At a glance: Oil falls after US job report Friday, 5 Oct 2012 | 4:18 PM ET

    On the New York Mercantile Exchange:. _ Benchmark oil closed down $1.83 to $89.88 per barrel. On the ICE Futures Exchange in London:.

  • NEW YORK, Oct 5- Cotton prices eased on Friday on speculative selling as investors braced for a bumper U.S. crop, although moves were exaggerated by extremely low volumes. New York cotton for December delivery. settled down 0.83 percent at 71.49 cents per lb on ICE Futures U.S.

  • NEW YORK, Oct 5- The S&P 500 broke a four-day string of gains, ending marginally lower on Friday as an unexpected drop in the U.S. unemployment rate was overshadowed by concerns about the coming earnings season, which begins with Alcoa next week.

  • NEW YORK, Oct 5- Currency speculators pared bets against the U.S. dollar in the latest week, retreating from its highest level in more than a year, according to data from the Commodity Futures Trading Commission released on Friday.

  • Stocks mixed after US unemployment rate drops Friday, 5 Oct 2012 | 3:51 PM ET

    A big drop in the unemployment rate wasn't enough for investors Friday. The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly four years. The drop to 7.8 percent in the unemployment rate "really is not a big game-changer," said Peter Cardillo, chief market economist at Rockwell Global Capital. "

  • *White House slams Welch tweet as "ludicrous". BOSTON/ WASHINGTON, Oct 5- Jack Welch, the lionized former chairman of General Electric Co, provoked cries of outrage in Washington on Friday when he appeared to accuse the White House of manipulating September job figures for political gains.

  • NEW YORK, Oct 5- The year-long rally in junk bonds hit a bump in the road this past week, with investors beginning to show concern about high-yield debt valuations, analysts said.

  • *Supportive U.S. data offset by weak China, Europe reports. NEW YORK, Oct 5- Oil prices fell in volatile trading on Friday and posted weekly losses as a fragile global economy and uncertainty about Europe's debt crisis offset support from a better-than-expected U.S. employment report.

  • NEW YORK, Oct 5- U.S. natural gas futures ended lower in the front-month November contract pressured by Thursday's bearish weekly inventory report and by forecasts for mild mid-month weather that should slow demand.

  • Calif. refinery back online amid soaring prices Friday, 5 Oct 2012 | 3:24 PM ET

    LOS ANGELES-- Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. In Southern California, the price jumped 20 cents a gallon overnight to $4.53 in Ventura.

  • Sector Snap: Dollar Stores Friday, 5 Oct 2012 | 3:22 PM ET

    He named Family Dollar Stores Inc. as his top pick among the group, rating it at "Outperform" with an $81 price target. The analyst also rated Dollar Tree Inc. at "Outperform" with a $55 target price. In afternoon trading, Family Dollar shares added 42 cents to $69.07; Dollar Tree shares rose $1.33, or 2.8 percent, to $48.18 and Dollar General shares fell 27 cents to $51.80.

  • Neutral Tandem shares drop after downgrade Friday, 5 Oct 2012 | 3:18 PM ET

    NEW YORK-- Shares of data services company Neutral Tandem Inc. dropped sharply to a new low Friday as R.W. Baird analysts downgraded the company's rating, saying its financial performance has weakened more than expected.

  • NEW YORK, Oct 5- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.

  • NEW YORK, Oct 5- Brent crude futures fell on Friday and posted a small loss for the week as a fragile global economy countered any support from a better-than-expected U.S. employment report, North Sea crude cargo delays and the threat of supply disruptions due to Middle East turmoil.

  • NEW YORK, Oct 5- U.S. The U.S. Labor Department said the unemployment rate fell to a four-year low of 7.8 percent in September, down from 8.1 percent in August, as 114,000 jobs were added. "The big shock was the drop in the rate, the consensus number was right in line," said Sean Murphy, a Treasuries trader at Societe Generale in New York.

  • NEW YORK, Oct 5- The S&P 500 eased from 5- year highs hit after a strong U.S. jobs report and traded slightly lower on Friday as investors booked profits before the start of third-quarter earnings season next week. The Dow Jones industrial average gained 20.46 points, or 0.15 percent, to 13,595.82.

  • UPDATE 1-JPMorgan Chase former risk chief retires Friday, 5 Oct 2012 | 2:53 PM ET

    *Barry Zubrow was on watch when derivatives risk grew. Oct 5- Barry Zubrow, who was head of risk management at JPMorgan Chase& Co when the bank was building a dangerously large position in credit derivatives, is retiring. Zubrow, 59, will leave the company at the end of the year, according to an internal memo from CEO Jamie Dimon, which the bank released on Friday.

  • Informatica edges higher following Thursday plunge Friday, 5 Oct 2012 | 2:48 PM ET

    NEW YORK-- Shares of business software maker Informatica Corp. made a small rebound Friday after losing more than 20 percent of their value a day earlier following the company's disappointing third-quarter forecast. THE SPARK: On Thursday, Informatica forecast a smaller profit and less revenue than analysts had expected.

  • U.S. crude ends down 2 pct, posts weekly loss Friday, 5 Oct 2012 | 2:46 PM ET

    NEW YORK, Oct 5- U.S. crude futures fell 2 percent on Friday and posted a loss for the week as a fragile global economy and uncertainty about Europe's debt crisis countered any support from a better-than-expected U.S. employment report. November crude fell $1.83, or 2.0 percent, to settle at $89.88 a barrel, having traded from $89.01 to $91.71.

  • Medicines Co. dips after company ends drug study Friday, 5 Oct 2012 | 2:44 PM ET

    NEW YORK-- Shares of The Medicines Co. slumped Friday after the company said it was ending development of a drug designed to reduce bleeding during surgery because of safety concerns. THE SPARK: After the market closed on Thursday, Medicines Co. said it was ending development of MDCO-2010 because of "serious unexpected patient safety issues."