New York City


  • 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."

  • Meryl Streep donates $1M to The Public Theater Friday, 5 Oct 2012 | 2:29 PM ET

    NEW YORK-- Meryl Streep has donated $1 million to The Public Theater in honor of both its late founder, Joseph Papp, and her friend, the author Nora Ephron. The announcement was timed to Thursday's unveiling of the nonprofit's $40 million face-lift to its 158- year-old headquarters in Astor Place.

  • Oct 5- The decision by Standard& Poor's to change the calculation of a key credit metric has left some investors accusing the agency of watering down standards, as it seeks to rebuild its once-dominant market share in the rating of commercial mortgage-backed securities.

  • Alcoa's third-quarter profit expected to fall Friday, 5 Oct 2012 | 2:24 PM ET

    NEW YORK-- Aluminum manufacturer Alcoa Inc. will open what's expected to be a disappointing earnings season when it reports third-quarter results Tuesday after the markets close. WHAT TO WATCH FOR: Alcoa produces aluminum for a wide range of businesses, from automobiles to appliance makers and energy companies.

  • Oct 5- General Motors Co said on Friday it will shift its hydrogen fuel cell development program from upstate New York, and consolidate the operation with its global power train engineering headquarters in Pontiac, Michigan.

  • NASHVILLE, Tenn., Oct 5- Tennessee confirmed on Friday four more cases of rare fungal meningitis, as health officials in 23 states scrambled to notify thousands of patients who received steroid injections linked to an outbreak that has killed five people. Three of the dead were in Tennessee, where the outbreak began, and one each in Virginia and Maryland.

  • U.S. Supreme Court to review Monsanto seed patents Friday, 5 Oct 2012 | 2:03 PM ET

    *Soybean farmer accused of infringing Monsanto patents. Oct 5- The U.S. Supreme Court agreed on Friday to consider an Indiana soybean farmer's appeal of a decision finding that he infringed Monsanto Co patents over seeds containing the company's genetically altered Roundup Ready technology.

  • NEW YORK, Oct 5- The lack of credit available to home buyers is among the biggest concerns in the still troubled U.S. housing market, a top Federal Reserve official said on Friday.

  • US releases estimate of Utica Shale reserves Friday, 5 Oct 2012 | 1:59 PM ET

    Drilling companies beginning to explore the Utica Shale got a piece of good news Friday when the U.S. Geological Survey estimated the rock formation in Ohio, Pennsylvania and other states holds enormous reserves of natural gas and oil.

  • WASHINGTON, Oct 5- The housing bust has saddled the United States with an "extraordinary" level of abandoned properties that inflict heavy costs on the wider community and government aid may be needed to tackle the problem, a top U.S. central banker said on Friday.

  • *Nonfarm payrolls rose 114,000 in September* Unemployment rate falls to 7.8 percent, lowest since 2009* Household survey shows most job gains since 1983* Average hourly earnings gain 7 cents* Report is second to last before Nov. 6 elections By Lucia Mutikani.

  • VeriFone rises as analyst says it's on right path Friday, 5 Oct 2012 | 1:50 PM ET

    NEW YORK-- VeriFone's stock climbed more than 7 percent on Friday as an analyst said that the electronic payment company seems to be on the right path toward improving its share price. THE SPARK: VeriFone's shares are down 20 percent for the year-to-date and have declined 15 percent over the past month.

  • Dollar mixed after US jobs report Friday, 5 Oct 2012 | 1:49 PM ET

    The Labor Department says that the unemployment rate fell to 7.8 percent in September, down from 8.1 percent in August. The euro rose to $1.3025 in late trading Friday from $1.3018 late Thursday. The British pound fell to $1.6140 from $1.6185.

  • Oct 5- The U.S. Supreme Court agreed on Friday to review the ability of a federal agency to set its own jurisdiction, in a decision that could affect the ability to deploy wireless telephone services across the United States.

  • *Dish says Gannett wants it to shut down Hopper DVR. *Gannett source says it never asked Dish to disable Hopper. Oct 5- Gannett Co Inc and the Dish Network Corp are sparring over fees that could leave Dish customers blacked out from major networks on Sunday in a fight the No. 2 satellite TV provider said involves its controversial DVR, the Hopper.

  • Oct 5- The U.S. Supreme Court agreed on Friday to consider an Indiana soybean farmer's appeal of a decision finding that he infringed Monsanto Co patents over seeds containing the company's genetically altered Roundup Ready technology.