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  • NY trial set next year for 5 ex-Madoff employees Tuesday, 2 Oct 2012 | 3:09 PM ET

    NEW YORK-- A trial will be held next year for five of Bernard Madoff's former employees who are accused of conspiring in history's biggest Ponzi scheme. The Oct. 7, 2013, trial date was set Tuesday by a federal judge in Manhattan. Madoff is serving a 150- year prison sentence in North Carolina.

  • NEW YORK, Oct 2- Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc. Ancestry is focusing its discussions on Permira after it asked the private equity firm and its competitors- Hellman& Friedman LLC and TPG Capital LP- to improve on their offers, the people said.

  • *Company was seeking offers over $35 per share* Ancestry shares trading below $30 By Greg Roumeliotis and Soyoung Kim. NEW YORK, Oct 2- Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc.

  • *Chicago Fed warned of need for "kill switch" in 2010* SEC can't impose limits on HFT without consensus-official* Some traders are trying to build HFT-free trading zone* Retail investors looking for SEC to lead on HFT reform By Emily Flitter and Sarah N. Lynch. Only now is the SEC getting around to taking a closer look at some of those issues.

  • By Chris Reese and Ana Nicolaci da Costa ADVISORY- Reuters plans to discontinue its daily report on the money markets in New York as of Oct. 15. NEW YORK/ LONDON, Oct 2- The U.S. Treasury sold $40 billion of four-week bills at a high rate of 0.1 percent, up from 0.055 percent in a similar sale last week and the highest since a four-week bill auction on Sept. 5.

  • *MSCI says switch covers $24 million of annual operating income. Oct 2- Vanguard Group, the largest U.S. mutual fund manager, said on Tuesday it was switching 22 of its biggest index funds away from benchmarks provided by MSCI Inc in order to cut costs.

  • *Company was seeking offers over $35 per share* Ancestry shares trading below $30 By Greg Roumeliotis and Soyoung Kim. NEW YORK, Oct 2- Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc.

  • Oct. 2- Both the Canadian Credit Card Quality Index charge-off rate and the Canadian unemployment rate remained unchanged in August from July, at 3.8% and 7.3%, respectively, said an article published today by Standard& Poor's Ratings Services, titled "Canadian Credit Card Quality Index Report: Performance Remained Relatively Flat In August 2012."

  • Einhorn raises Chipotle concerns and shares sink Tuesday, 2 Oct 2012 | 2:53 PM ET

    Shares of Chipotle Mexican Grill Inc. plunged Tuesday after well-known hedge fund manager David Einhorn reportedly said that the burrito chain is facing increasing competition from Taco Bell as well as higher costs. THE SPARK: Einhorn, who runs Greenlight Capital, was speaking at the Value Investing Congress, an investor conference, in New York Tuesday.

  • MSCI shares skid on Vanguard fund benchmark switch Tuesday, 2 Oct 2012 | 2:53 PM ET

    BOSTON-- Shares of MSCI Inc. plunged in afternoon trading Tuesday after a key index-licensing customer, Vanguard Group, said that some of its mutual funds will drop MSCI as the provider of market benchmarks that the funds track.

  • TEXT-S&P rates DAE Aviation's proposed term loan Tuesday, 2 Oct 2012 | 2:50 PM ET

    Oct. 2- Standard& Poor's Ratings Services today assigned its' B-' issue rating to DAE Aviation Holdings Inc.' s proposed $520 million secured term loan due 2018. Standard& Poor's assigned a' 3' recovery rating to the loan, indicating that we expect lenders will receive a meaningful recovery in the event of payment default.

  • *Brazil's Somar: flowering bodes well for 2013 coffee crop. NEW YORK/ LONDON, Oct 2- Arabica coffee futures soared nearly 4 percent to a 10- week high on Tuesday, on heavy short-covering prompted by concerns of dry weather in top grower Brazil, while raw sugar extended the previous session's steep gains.

  • November crude fell 59 cents, or 0.64 percent, to settle at $91.89 a barrel, having reached $92.94 before falling to $91.78 in post-settlement trading.

  • NEW YORK, Oct. 2- U.S. retail gasoline demand fell over the past two weeks and continued a downward year-on-year trend, according to the bi-weekly SpendingPulse report from MasterCard released on Tuesday. Gasoline use in the world's top oil consumer dropped 0.9 percent over the two weeks ending Sept. 28, compared with the same period last year, MasterCard said.

  • CBS claims ratings win for 1st week of TV season Tuesday, 2 Oct 2012 | 2:27 PM ET

    CBS' new period-piece drama, "Vegas," debuted in sixth place, while its contemporary Sherlock Holmes whodunit, "Elementary," premiered in 10th place, according to Nielsen Co. figures released Tuesday. NBC's "Sunday Night Football" was No. 1 in the rankings, but CBS' "NCIS" was second for the week, "NCIS: Los Angeles" was fourth and "Big Bang Theory" was fifth.

  • **ARQULE INC, $2.30, down 53.9 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **GENERAL MOTORS, $23.82, up 3 pct. Hedge fund manager David Einhorn said auto-maker General Motors "is much healthier now," and is getting its product refreshments "right."

  • *Spain seen requesting bailout, but uncertainty weighs. NEW YORK, Oct 2- The euro rose against the dollar on Tuesday on expectations that a request by Spain for a bailout is imminent, but major stock markets fell on uncertainty of when Madrid will make its request and growing uneasiness over third-quarter earnings.

  • Oct 2- Standard& Poor's Ratings Services said today that New York City- based MSCI Inc.' s. announcement that Vanguard will no longer use MSCI's indices does not affect our ratings on MSCI. The loss of the Vanguard business represents approximately $24 million in revenues for MSCI.

  • Oil slightly lower amid economic questions Tuesday, 2 Oct 2012 | 2:18 PM ET

    Benchmark oil slipped 19 cents to $92.20 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 36 cents to $111.83 per barrel in London. At the pump, the national average for gasoline was unchanged at $3.78 per gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • Euro rises on hopes Spain will ask for bailout Tuesday, 2 Oct 2012 | 2:12 PM ET

    NEW YORK-- The euro rose against the dollar Tuesday on speculation that Spain is getting closer to asking for financial aid from Europe's bailout fund. A request for aid from Spain would help remove some uncertainty about Europe's debt crisis. The dollar rose to 78.13 Japanese yen from 78.02 yen and to 98.42 Canadian cents from 98.22 Canadian cents.