Transportation start-ups Uber and Lyft this week have introduced initiatives aiming to keep drivers happy and connected.» Read More
NEW YORK, Oct 1- New York Attorney General Eric Schneiderman filed a lawsuit against JPMorgan Chase& Co on Monday fo r fraud over faulty mortgage-backed securities packaged and sold by the former Bear Stearns. JPMorgan, which bought one-time rival Bear Stearns for $2 a share in March 2008, said in a statement it intended to contest the allegations.
NEW YORK-- Standard& Poor's said Monday specialty pet retailer PetSmart Inc. will join the benchmark S&P 500 index after the close of trade Thursday, replacing Sunoco Inc. which is being acquired by Energy Transfer Partners LP. Cabela's Inc., a specialty retailer of hunting and fishing gear, will move from the SmallCap 600 to the MidCap 400, replacing PetSmart.
NEW YORK, Oct 1- New York Attorney General Eric Schneiderman on Monday filed a lawsuit against JPMorgan Chase& Co for fraud over faulty mortgage-backed securities packaged and sold by the former Bear Stearns. The lawsuit alleged a "systematic abandonment of underwriting guidelines" in the selling of home loans that went into securities peddled by Bear Stearns.
NEW YORK, Oct 1- Hedge fund manager William Ackman, who has been pushing mall operator General Growth Properties to sell itself, on Monday said a deal with rival Simon Property Group would be beneficial to all parties and push the stock price dramatically higher.
By Martinne Geller and Jessica Wohl NEW YORK/ CHICAGO, Oct 1- Wal-Mart Stores Inc. A handful of sell-side analysts turned out to hear from Walmart workers nearly a year after a similar meeting was held near Wal-Mart's headquarters in Bentonville, Arkansas.
NEW YORK-- Fifth& Pacific Cos. cut its 2012 earnings guidance Monday, citing weak sales of Juicy Couture products. Fifth& Pacific cut its estimated 2012 EBITDA by $25 million and also forecast a weak third quarter.
*SEC can't impose limits on HFT without consensus-official. *Retail investors looking for SEC to lead on HFT reform.
*China's factory activity shrinks for 2nd month in Sept. NEW YORK, Oct 1- Brent crude slipped on Monday as signs of economic weakness in Asia and a looming recession in the debt-saddled euro zone tempered more optimistic U.S. manufacturing data. Federal Reserve's latest quantitative easing and geopolitical tensions in the Middle East.
NEW YORK, Oct 1- Steven Cohen's $14 billion hedge fund, SAC Capital Advisors, has put long-time portfolio manager Michael Steinberg on leave after his name emerged in a sweeping government investigation into insider trading, according to a person familiar with the matter.
DALLAS-- The federal government is examining two separate incidents in which passenger seats came loose midflight on American Airlines planes in the last three days. On Saturday, a flight from Boston to Miami made an emergency landing in New York after three passenger seats came loose shortly after takeoff.
NEW YORK, Oct 1- Hedge fund manager Mick McGuire is betting on an eventual housing recovery by owning stakes in an aerospace and defense company, a sugar farming conglomerate and a land developer. While investments in GenCorp, Alexander& Baldwin.
NEW YORK-- Epoch Holding Corp. said Monday that its board approved an increase of 25 percent, or 2 cents, in its quarterly dividend, to 10 cents per share. Shares of the company closed up 20 cents at $23.30. Over the past year the stock has traded between $12.42 and $27.87.
NEW YORK, Oct 1- Steven Cohen's $14 billion hedge fund SAC Capital Advisors has put long- t ime portfolio manager Michael Steinberg on leave after hi s name emerged in the government's sweeping investigation into insider trading, ac co rding to a person familiar with the matter.
NEW YORK, Oct 1- Country music star Kenny Rogers offers a revealing look into his life and five-decade-long musical career in "Luck or Something Like It," his memoir that will be released on Tuesday.
NEW YORK, Oct 1- Cotton prices ended higher on Monday on technical buying after testing the 70- cent mark, with traders expecting renewed pressure ahead of the U.S. harvest. It found support at 70 cents, "said John Flanagan, an analyst at Flanagan Trading Corp in North Carolina. New York cotton for December delivery.
NEW YORK-- Threshold Pharmaceuticals Inc. reported positive early-stage data for its drug TH-302 as a treatment for brain cancer, but the company's stock continued to slump in Monday trading.
NEW YORK-- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:. Nokia Corp., up 19 cents at $2.76. Generac Holdings Inc., up $2.14 at $25.03.
*Irene Tse ran North America side of CIO office. NEW YORK, Oct 1- Another top executive at the JPMorgan Chase& Co unit that lost $5.8 billion on derivatives trades this year is leaving the company.
WELLINGTON, Oct 2- The New Zealand and Australian dollars were supported at the lower end of recent ranges on Tuesday after failing to capitalise on better risk sentiment as investors waited for a central bank rate decision. *The Aussie sits at $1.0361 from Monday's late local level of $1.0338, after traversing a $1.0332 to $1.0404 range overnight.
Fewer than 1 percent of in-store sales tied to brand advertising campaigns on Facebook come from people who clicked on an ad, according to a new study that Facebook has conducted through a partnership with Datalogix, a data mining firm that tracks real-world retail sales.