*Washington Prime to buy Glimcher realty. NEW YORK, Sept 16- U.S. stocks rose on Tuesday and the S&P notched its best performance in a month after a report shifted investor expectations for the Federal Reserve's policy statement due on Wednesday.
NEW YORK, Sept 16- U.S. stocks rose on Tuesday with the Dow Industrials hitting a record intraday high as markets reacted to wavering expectations over the language the Federal Reserve will use Wednesday to describe its next policy move.
Sept 16- Shares of Atlantic Power Corp fell by about a third on Tuesday after the struggling utility removed its chief executive and decided against selling itself.
NEW YORK, Sept 16- U.S. stocks were rising on Tuesday with markets reacting to wavering expectations over the language the Federal Reserve will use Wednesday to describe its future interest rate policy.
The largest percentage gainer on the New York Stock Exchange was Glimcher Realty, rising 29.53 percent after Washington Prime announced the purchase of Glimcher for $4.3 billion. Among the most active stocks on the NYSE were Glimcher, Bank of America, unchanged at $16.74, and Petrobras, up 7.92 percent to $17.85.
Key points will likely suggest the Fed stays on hold until the middle of next year and that is already baked in, "said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.
Sept 16- Struggling power producer Atlantic Power Corp asked its chief executive to leave and slashed its dividend by 70 percent after ending discussions about selling itself. Atlantic Power's U.S.-listed shares fell more than 20 percent premarket on Tuesday.
Sept 16- Power producer Atlantic Power Corp slashed its dividend by 70 percent and asked its chief executive to step down as part of a strategic review process. The company said it appointed Ken Hartwick, director of the board, as a replacement for Barry Welch. Atlantic Power cut its annual dividend to 12 Canadian cents per share from 40 Canadian cents.
NEW YORK/ WILMINGTON, DELAWARE, Sept 9- Puerto Rico's indebted power authority better get used to some tough love from its new chief restructuring officer, Lisa Donahue, who has earned a reputation for decisiveness, hard work and a cold-blooded devotion to cutting costs.
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Verizon, the nation's largest wireless carrier, said Monday its second-quarter profit fell 21 percent as cost-cutting in its wireline business failed to keep pace with falling revenues.
Apple, the maker of the popular smartphone, is conducting high-level discussions with Verizon Wireless to sell a version of the iPhone that would work on Verizon’s network, according to a person briefed on the negotiations. The phone could be available as soon as next year.
If there’s one guy who can benefit the most from of this Super Bowl, it’s Arizona Cardinals wide receiver Larry Fitzgerald. He’s emerging as the league’s best receiver, but only has three deals in Nike, EAS and Alltel.
Verizon Wireless won antitrust approval to purchase Alltel on the condition that it divest assets in 22 states, the U.S. Justice Department said on Thursday.
Verizon Communications Chief Executive Ivan Seidenberg said its Verizon Wireless venture should complete its acquisition of rural mobile phone service provider Alltel by the of the year.
Actually, there's a better way to play the Verizon Wireless buyout.
Stocks rallied, with the Dow ending just shy of its session high, after an unexpected drop in jobless claims and solid sales reports from some retailers including Wal-Mart. A credit-rating downgrade on bond insurers spurred a quick dip but stocks quickly bounced back. Oil closed near $128 a barrel.