New York City


  • Best Buy hires new Web leaders Wednesday, 3 Oct 2012 | 3:36 PM ET

    NEW YORK-- Best Buy on Wednesday named an Expedia executive as head of its e-commerce operations. Scott Durchslag, 46, will be senior vice president of Best Buy and president online and global e-commerce, effective Monday. He will be responsible for all of Best Buy's global e-commerce channels, including BestBuy.com and mobile commerce.

  • Stocks edge up; HP sinks on Whitman's outlook Wednesday, 3 Oct 2012 | 3:33 PM ET

    The market's gains were held in check by a slump in energy stocks and Hewlett-Packard' s 11 percent drop. "The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.

  • Biolase gets US, EU approval for new dental laser Wednesday, 3 Oct 2012 | 3:19 PM ET

    NEW YORK-- Shares of Biolase Inc. soared Wednesday after the maker of medical lasers said that U.S. and European Union regulators have approved its newest dental laser.

  • NEW YORK, Oct 3- U.S. "I think we're in a wait and see mode, we are awaiting minutes and then all eyes will be focused on the payroll data," said Sean Simko, senior portfolio manager at SEI Investments in Oaks, Pennsylvania.

  • Unemployment rates for Northeastern US cities Wednesday, 3 Oct 2012 | 3:13 PM ET
  • Oil drops 4 pct on signs of slower growth in China Wednesday, 3 Oct 2012 | 3:08 PM ET

    Oil fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand. Benchmark oil fell $3.75, or 4.1 percent, to $88.14 per barrel Wednesday in New York.

  • Brent November crude fell $3.40, or 3.05 percent, to settle at $108.17 a barrel, having traded from $107.67 to $111.36.

  • NEW YORK, Oct 3- U.S. crude futures fell $4.00 in post-settlement trading on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and curbed demand for oil and pressured prices.

  • NEW YORK, Oct 3- U.S. crude futures fell 4 percent on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth, even after data showed U.S. crude stocks rose and other supportive U.S. data strengthened the dollar.

  • UPDATE 9-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 2:29 PM ET

    *China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening outlook for petroleum demand, even as supportive U.S. data strengthened the dollar.

  • Thoratec rises following analyst upgrade to 'Buy' Wednesday, 3 Oct 2012 | 2:21 PM ET

    NEW YORK-- Thoratec Corp. shares rose Wednesday after a UBS analyst upgraded the stock, saying he is more confident in the heart device maker's growth prospects. THE SPARK: Analyst Rajeev Jashnani raised his rating on Thoratec shares to "Buy" from "Neutral," and increased his price target to $39 per share from $35.

  • Pennsylvania Ave. joins list of endangered spaces Wednesday, 3 Oct 2012 | 2:16 PM ET

    WASHINGTON-- Washington's Pennsylvania Avenue, sometimes called "America's Main Street," is being listed among the nation's endangered landscapes because of neglect and deferred maintenance by the National Park Service.

  • *Benchmark euro interbank rates hit record lows. ADVISORY- Reuters plans to discontinue its daily report on the money markets in New York as of Oct. 15.

  • Best Buy gains on report Schulze bid progressing Wednesday, 3 Oct 2012 | 2:04 PM ET

    NEW YORK-- Best Buy Co.' s shares climbed Wednesday because of a report indicating that its founder and former chairman Richard Schulze is making some headway with his potential buyout offer of the electronics retailer.

  • Novelist Helprin spins a good yarn in life and art Wednesday, 3 Oct 2012 | 1:58 PM ET

    * "In Sunlight and In Shadow" focuses on old New York. NEW YORK, Oct 3- Listening to novelist and political commentator Mark Helprin recount his life is a bit like listening to Forrest Gump- an eloquent, New York- born Forrest Gump. It matches his previous novels in scope and length and carries on the author's fascination with old New York.

  • MARKET PULSE-Sarepta, HP, Leap, Ocwen, Netflix, Adtran Wednesday, 3 Oct 2012 | 1:54 PM ET

    U.S. stocks advanced on Wednesday after stronger-than-expected employment and service-sector data in the United States. But a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares. **SAREPTA THERAPEUTICS INC, $41.60, up 177 pct.

  • Amarin shares fall following analyst downgrade Wednesday, 3 Oct 2012 | 1:45 PM ET

    NEW YORK-- Shares of Amarin Corp. PLC slipped Wednesday after a Wedbush analyst downgraded the stock, saying he thinks the chances of Amarin being acquired by a larger drugmaker are decreasing.

  • Transatlantic clean tanker rates stay soft Wednesday, 3 Oct 2012 | 1:38 PM ET

    LONDON, Oct 3- Clean tanker rates for refined petroleum products on top export routes were mostly weaker on Wednesday with the transatlantic market hit by growing availability of vessels.

  • NEW YORK, Oct 3- U.S. natural gas futures lost ground on Wednesday after six straight days of gains, pressured by profit-taking ahead of Thursday's weekly inventory report despite cooler weather forecasts for next week that should stir more heating demand.

  • NEW YORK, Oct 3- Nasdaq canceled some trades in shares of Kraft Foods Group that had pushed the stock up about 29 percent in just one minute, the latest in a string of trading glitches that have rattled market confidence. During the one-minute period, Kraft shares surged as high as $58.54 after opening at $45.44.