New York City


  • NEW YORK, Oct 9- Verizon Wireless said it is about two months ahead of schedule in its network upgrade as it will have high-speed wireless service in 400 markets by Oct. 18, ahead of its year-end target for this milestone.

  • NEW YORK, Oct 9- Chevron Corp:.

  • NYSE short interest down 3.1 pct in late September Tuesday, 9 Oct 2012 | 4:51 PM ET

    NEW YORK, Oct 9- Short interest on the New York Stock Exchange fell 3.1 percent in the second half of September compared to the first half of the month, the exchange said on Tuesday. As of Sept. 28, short interest fell to about 13.59 billion shares, compared to 14.01 billion shares as of Sept. 14, the exchange said.

  • Oct 9- Best Buy Co Inc Chief Financial Officer James Muehlbauer is leaving the embattled retailer after more than a decade, the company said on Tuesday. Muehlbauer will continue to support the electronics retailer through the end of the 2013 fiscal year, the company said. Best Buy said it is looking for a replacement.

  • Eli Lilly, Owens Corning are market movers Tuesday, 9 Oct 2012 | 4:42 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:. Spectrum Brands Holdings Inc., up $4.88 at $46.04. Owens Corning, down $2.83 at $31.12.

  • US sues Wells Fargo over FHA-insured loan defaults Tuesday, 9 Oct 2012 | 4:36 PM ET

    NEW YORK-- The federal government has sued Wells Fargo in a New York court, accusing the nation's largest mortgage lender of misrepresenting the quality of thousands of loans in order to be eligible for federal loan insurance.

  • Stocks slide, and investors wait for earnings Tuesday, 9 Oct 2012 | 4:26 PM ET

    NEW YORK-- Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings. The slide came on the five-year anniversary of record high closes for the Dow and S&P 500.

  • BioLineRx rises on new schizophrenia drug data Tuesday, 9 Oct 2012 | 4:25 PM ET

    NEW YORK-- Shares of BioLineRx jumped nearly 11 percent Tuesday after the company released results from a new clinical trial of its schizophrenia drug. The company reported the initial results from the study in September 2009. BioLineRx shares gained 32 cents to $3.35.

  • Oct 9- New York City's securities industry earned $10.5 billion in the first half of 2012, down from the first half of 2011, though it is on pace to end the year with $15 billion of profits, barring adverse developments, a report by the state comptroller said on T ues day.

  • NEW YORK, Oct 9- Yum Brands Inc:.

  • ADVISORY-U.S. stocks extend fall Tuesday, 9 Oct 2012 | 4:11 PM ET

    NEW YORK, Oct 9- For full story, please double-click on.

  • Levi Strauss profit, revenue fall in all regions Tuesday, 9 Oct 2012 | 4:08 PM ET

    Oct 9- Levi Strauss& Co reported lower quarterly revenue and profit, as economies in Europe and Asia slowed and the company phased out its Denizen brand in Asia. Overall, net revenue for the three months ended August 26 fell 8.6 percent to $1.1 billion, while net income at the privately held clothes maker slipped to $28 million from $32 million a year earlier.

  • Optimer Pharma falls on Dificid sales concerns Tuesday, 9 Oct 2012 | 4:07 PM ET

    NEW YORK-- Shares of Optimer Pharmaceuticals tumbled 6 percent Tuesday as Wall Street weighed in on the company's marketing strategy and sales of its antibacterial drug Dificid. On Tuesday Oppenheimer& Co. analyst Christopher Holterhoff downgraded Optimer shares to "Perform" from "Outperform," and said he is not convinced the plan will work.

  • Trades cleared through a Nasdaq-operated trading facility sparked sharp moves in either direction in a number of seemingly unrelated stocks, including Pandora Media, Nokia and the Select Sector Financial SPDR exchange-traded fund.

  • NEW YORK, Oct 9- U.S. stocks fell on Tuesday, led by losses in technology after brokerage downgrades of Intel and other major companies as worries increased about third-quarter U.S. earnings. The Dow Jones industrial average fell 110.20 points, or 0.81 percent, to end unofficially at 13,473.45.

  • Global economic fears push dollar higher Tuesday, 9 Oct 2012 | 4:04 PM ET

    In its latest forecast, the International Monetary Fund said Tuesday that the global economy is weakening and will grow more slowly in the next year. The euro fell to $1.2880 in late trading Tuesday from $1.2967 late Monday. The dollar rose to 0.9404 Swiss franc from 0.9330 Swiss franc and to 97.76 Canadian cents from 97.66 Canadian cents.

  • Nasdaq short interest down 2.7 pct in late September Tuesday, 9 Oct 2012 | 4:04 PM ET

    NEW YORK, Oct 9- Short interest on the Nasdaq fell 2.7 percent in late September, the exchange said on Tuesday, suggesting a decline in bearish sentiment in the stock market. As of Sept. 28, short interest slipped to about 7.401 billion shares, compared with 7.607 billion shares as of Sept. 14.

  • NEW YORK, Oct 9- Alcoa Inc:.

  • 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.