New York is second to only Silicon Valley when it comes to a burgeoning tech industry, but some city policies threaten its growth, mayoral hopefuls say.» Read More
NEW YORK-- An analyst continues to believe that Urban Outfitters will be able to turn around its business during the second half of the year, driven by fewer markdowns and better products at its stores.
NEW YORK-- PepsiCo Inc. should give investors a snapshot of the company's progress in bolstering its flagship brands this year when it reports its third quarter results Wednesday. As a result, PepsiCo this year launched a major marketing campaign enlisting pop stars and athletes to rejuvenate the image of its namesake soda.
BANGKOK-- European stocks rose and some Asian markets staged a comeback Monday as investors looked ahead to the release of U.S. earnings reports and Softbank's $20 billion deal for Sprint showed optimism amid economic turbulence.
BAKU, Azerbaijan-- Azerbaijan's top energy official urged further scrutiny of the international consortium developing the Caspian Sea nation's main oil field amid mounting irritation at a slump in output.
NEW YORK-- New York City's transit authority unveiled its latest fare and toll proposals for rails, bridges and subways on Monday, including one that would raise the 30- day unlimited subway MetroCard from $104 to $125. The Metropolitan Transit Authority has said the 2013 hike would bring in $450 million a year to support the nation's largest transit system.
In midday trading, benchmark crude oil was down 99 cents, or 1.1 percent, to $90.87. The Commerce Department says retail sales rose 1.1 percent last month. On Friday, the International Energy Agency issued a new report predicting slower growth in demand for oil over the next five years.
NEW YORK-- Shares of Clearwire Corp., which operates a wireless data network, hit a 52- week high after Japan's Softbank Corp. agreed to pay $20.1 billion for a 70 percent stake in Sprint Nextel Corp.. THE SPARK: Sprint owns 48 percent of Clearwire but doesn't control its board. It's also Clearwire's biggest customer, reselling access to its network as " Sprint 4 G."
BANGKOK-- Asian stock markets fell Monday as hopes dimmed for aggressive moves by China to stimulate its slowing economy.
Students walking to their apartments might encounter executives heading to a conference on Cornell NYC Tech's park-like campus on Roosevelt Island, according to a plan being submitted Monday for a city review.
Gibbs Sports Amphibians says its new Quadski, which can drive on land as well as in the water, will go on sale before the end of this year. _ PRICE: The company says it will cost around $40,000. Dealerships will be concentrated in New York, Boston, the Great Lakes, Florida and Texas.
DETROIT-- Amphibious vehicles could soon be zooming out of James Bond's garage _ or pond _ and into yours. Michigan- based Gibbs Sports Amphibians Inc. hopes to sell the vehicle worldwide by 2014.. It's sort of magic, "the founder of Gibbs Sports Amphibians, Alan Gibbs, told The Associated Press in a recent interview.
LONDON-- Several supporters of the anti-corporate Occupy movement chained themselves to the pulpit of St. Paul's Cathedral during a service Sunday in an action marking the anniversary of its now-dismantled protest camp outside the London landmark.
LOS ANGELES-- Federal regulators failed to pursue recalls after they found cadmium-tainted jewelry on store shelves, despite their vow to keep the toxic trinkets out of children's hands, an Associated Press investigation shows.
WASHINGTON-- Good luck figuring out whether Republican presidential candidate Mitt Romney would cut or raise your taxes if he's elected president. President Barack Obama promises tax reform, too, but precious little detail.
*Convicted in June for leaking Goldman Sachs secrets. NEW YORK, Oct 12- Bill Gates and Kofi Annan are among several prominent businessmen and humanitarians asking a U.S. judge to show fairness when he sentences former Goldman Sachs Group Inc board member Rajat Gupta for his insider trading conviction later this month.
NEW YORK/ WASHINGTON, Oct 12- U.S. regulators granted a last-minute reprieve to CME Group Inc. By saying that a swathe of widely traded energy, metals and agricultural swaps would not be counted toward a threshold triggering costly new regulations until Dec. 31, the Commodity Futures Trading Commission brought relief to big traders like BP.
NEW YORK, Oct 12- Metropolitan Opera music director James Levine will return to the conducting podium in May 2013- initially in a wheelchair- after a fall more than a year ago that left him partially paralyzed, the New York opera house said on Friday.
NEW YORK-- Shares of NPS Pharmaceuticals Inc. surged to their highest price in more than six years Friday as investors hope that a Food and Drug Administration advisory panel will recommend that the FDA approve NPS' bowel drug Gattex.
AKRON, Ohio, Oct 12- A man lured to Ohio by a phony Craigslist job ad testified on Friday that a teenager charged with trying to kill him waited in a car while an accomplice walked into a heavily wooded area with the victim and shot him last November.
NEW YORK, Oct 12- Soft drink makers and a restaurant group filed a lawsuit on Friday seeking to block New York Mayor Michael Bloomberg's upcoming ban on large sugary drinks. The mayor's Board of Health overstepped its authority when it passed the regulation, the lawsuit said.