U.S. cancer drug company Medivation is discussing opening its books to Sanofi, people familiar with the matter said on Tuesday. » Read More
*Dow up 0.1 pct, S&P 500 up 0.2 pct, Nasdaq up 0.1 pct. NEW YORK, Oct 25- Wall Street edged up on Thursday, retreating from session highs as investors were wary of betting aggressively after the S&P 500' s worst five-day stretch since May and the data sent more tepid signals on the economy.
*Landfall anywhere from mid-Atlantic to Canada. Oct 25- As Hurricane Sandy makes its way toward the eastern seaboard of the United States, disaster experts and meteorologists warn that the mid-Atlantic and Northeastern states face dangerous winds and heavy rains that could trigger flooding in the coming days.
WASHINGTON-- All the spare parts appear to be coming together to create what forecasters are calling "Frankenstorm," a monster combination of high wind, heavy rain, extreme tides and maybe snow that could cause havoc along the East Coast just before Halloween next week. Hurricane Sandy, having blown through Haiti and Cuba on Thursday, continues to barrel north.
THE SENTENCE: A two-year prison sentence for insider trading at the height of the 2008 economic crisis, by a man who was once one of the nation's most respected business executives, is a fifth of the 10 years requested by the government and well below sentencing guidelines.
Procter& Gamble was the biggest gainer in the Dow after the consumer products company, whose products include Tide, Gillette and Charmin, reported earnings that beat analysts' expectations. The S&P 500 is down 20.22 points, or 1.4 percent. The S&P 500 is up 155.37 points, or 12.4 percent.
John Wiley& Sons has completed its $220 million acquisition of online education provider Deltak.edu, the publisher disclosed in a filing with the U.S. Securities and Exchange Commission on Thursday. Deltak.edu LLC is based outside of Chicago and had $54 million in revenue for the year ended Sept. 30. Shares of John Wiley& Sons rose 21 cents to $43.09 Thursday.
*At least three storm-related deaths in Jamaica, Haiti and Cuba. HAVANA, Oct 25- Hurricane Sandy grew into a major potential threat to the east coast of the United States on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said.
*Dominion to shut Kewaunee reactor in Wisconsin next year. The three plants Richmond, Virginia- based Dominion is looking to sell are the 1,536- megawatt Brayton Point coal, natural gas and oil-fired plant in Massachusetts; the 1,158- MW Kincaid coal plant in Illinois; and the company's 50 percent stake in the 1,424- MW Elwood gas plant in Illinois.
NEW ORLEANS-- Louisiana Attorney General James "Buddy" Caldwell's office is asking a federal judge to set a trial date for some of the state's economic loss claims against BP PLC stemming from the 2010 oil spill in the Gulf of Mexico.
Wall St view EPS 8 cents. Oct 25- The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 16 percent.
Oct 25- Celgene Corp's quarterly earnings rose 14 percent, beating expectations on strong sales of its Revlimid cancer treatment and lower costs, but investors were more focused on ongoing studies of its promising new medicines and wider uses for Revlimid.
NOVATO, Calif.-- BioMarin Pharmaceutical Inc.' s third quarter loss narrowed, as sales jumped for two of the pharmaceutical company's drugs. The Novato, Calif., company said Thursday after the stock market closed that it lost $5.4 million, or 4 cents per share, in the three months that ended Sept. 30.
AUSTIN, Texas-- American Campus Communities Inc. said Thursday that it will buy 19 student housing properties across the country from Kanye Anderson Capital Advisors LP in a deal worth roughly $862.8 million. American Campus Communities, based in Austin, Texas, is a real estate investment trust with a portfolio of 169 properties across the country.
*U.S. drought alters typical grain trading patterns- Bunge. CHICAGO, Oct 25- Bunge Ltd shares jumped on Thursday as the agribusiness giant doubled quarterly profits by mobilizing its global grain network to supply customers hit by the worst U.S. drought in more than 50 years.
NEW YORK-- Total U.S. money market mutual fund assets rose $940 million to $2.569 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets of the nation's retail money market mutual funds fell $1.55 billion to $884.37 billion, the Washington- based mutual fund trade group said Thursday.
WICHITA, Kan.-- The Justice Department's watchdog agency is objecting to more than $12 million in fees racked up during the first three months of Hawker Beechcraft's bankruptcy proceedings. Trustee Tracy Hope Davis particularly chided the company for fees lawyers billed for the company's failed attempt to pay its eight senior executives millions in bonuses.
But analysts at the Nelson A Rockefeller Institute of Government in Albany, New York, cautioned that state governments were still weathering an unusually slow recovery from the Great Recession and still face fiscal headwinds.
SAN FRANCISCO-- Diamond Foods Inc. said Thursday that it will restate two additional quarters of financial data as the snack food company tries to clean up the fallout from its improper accounting of payments to walnut growers.
BELLEVUE, Wash.-- Online travel agency Expedia Inc.' s third-quarter net income fell 18 percent, but its adjusted profit beat expectations. Expedia's core business is selling hotel stays through sites including Expedia and Hotels.com.
ROCHESTER, N.Y.-- Monro Muffler Brake Inc. said Thursday its net income fell 24 percent to $11.5 million in its fiscal second quarter, as revenue increases from new stores were offset by same-store declines in brake repairs and other services. Revenue rose 2 percent to $176.5 million thanks to the Aug. 12 acquisition of 17 new stores in Wisconsin and South Carolina.