April 16- London- based Armajaro Asset Management lost nearly a quarter of assets at its largest commodities fund in the first quarter, the latest sign that edgy investors have continued to withdraw cash from the sector after weak returns, documents show.» Read More
HMS Holdings Corp.' s shares plunged Thursday after the healthcare benefits coordinator lowered its guidance. The company now expects to earn 55 to 60 cents per share for the year, down from its prior forecast of 58 to 64 cents per share. It dropped its annual revenue forecast to $480 million to $490 million, from a prior range of $500 million to $515 million.
Two people blinded in Washington, D.C., in 2005. Three dead in Virginia in 2006 and three more in Oregon the following year. Twenty-one dead polo horses in Florida in 2009. Earlier this year, 33 people in seven states with fungal eye infections. Unlike manufactured drugs, these products are not subject to approval by the Food and Drug Administration.
JOPLIN, Mo.-- Joplin will receive $2.4 million in federal funding to deal with soil contamination stirred up by the May 2011 tornado, the Environmental Protection Agency said Thursday.
"Saturday Night Live," Jimmy Fallon, Piers Morgan, the "Today" show and "Good Morning America" all asked for appearances from the "Sesame Street" character on Thursday after he was unexpectedly thrust into the presidential campaign by Mitt Romney.
NEW YORK-- Shares of NuVasive Inc. lost about a third of their value Thursday after the spinal device maker said its third-quarter revenue will come up short of its previous estimates. THE SPARK: After the market closed Wednesday, NuVasive said it expects about $147 million in revenue in the third quarter.
LEAVING LEGACIES: Life histories, ethical wills-- sometimes called "family love letters"-- video recordings and other forms of personal legacies are increasing in popularity among retirees who want to share them with loved ones.
CHICAGO-- A growing number of retirees are looking to pass along more to the next generation than money and possessions. "There's an element regarding money, but it is really more about affirming your life as a legacy," says Neal Van Zutphen, a certified financial planner in Mesa, Ariz..
DAYTONA BEACH, Fla.-- International Speedway Corp. said Thursday it posted a $1 million third-quarter loss, hurt by a double-digit drop in revenue stemming from the shifting of race dates and a continued drop in ticket sales stemming from the sluggish economy.
Macy's revenue at stores open at least a year rose 2.5 percent in September, while analysts expected a gain of 3.3 percent. Shares of Macy's rose 34 cents to $39.83. Kohl's Corp.' s revenue at stores open at least a year fell 2.7 percent in September, a bigger drop than Wall Street expected, hurt by lower demand for accessories and women's clothing.
WASHINGTON-- The Federal Reserve structured its latest stimulus program around the purchase of mortgage bonds after members agreed that helping a nascent housing recovery was a good way to lift the broader economy. The Fed has already purchased more than $2 trillion in bonds since the 2008 financial crisis.
FALLING DEMAND: Orders to U.S. factories fell in August from July, mostly because of a sharp drop in volatile aircraft orders. Orders dropped 5.2 percent, the biggest decline in more than three years. Aircraft orders plunged 102 percent.
The figures released Thursday by the National Association of Independent Colleges and Universities highlight some of the complexities within an overall trend of rising college costs. The list price at private colleges remains substantially higher than at publics _ $29,230 this fall compared to a bit over $8,000 last year at public institutions.
WASHINGTON-- A federal strike force has charged 91 people, including a hospital president, doctors and nurses, with Medicare fraud schemes in seven cities involving $429 million in false billings. The law enforcement effort focused on fraudulent Medicare schemes in Baton Rouge, La.; Brooklyn, N.Y.; Chicago; Dallas; Houston; Los Angeles and Miami.
Tensions between Syria and Turkey gave oil prices their biggest jump in two months Thursday, while refinery outages boosted wholesale gasoline prices. Oil settled at $91.71 per barrel, up by $3.57, or 4 percent, on the New York Mercantile Exchange. Oil prices rose after Turkey's military fired on targets in Syria for the second day.
CARLETONVILLE, South Africa-- Carrying a piece of paper threatening him with eviction from a workers' hostel, Robert Asanda pointed to thousands of fellow striking miners who had gathered atop a hill in a symbolic act of defiance against their gold-mining employers in South Africa.
NEW YORK-- The Public Theater unveiled its four-year, $40 million face-lift on Monday with some Shakespeare, some hippies and some veteran stage stars including Vanessa Redgrave, Liev Schreiber and Mandy Patinkin.
WASHINGTON-- The AFL-CIO says it has registered more than 450,000 new voters from union households over the past 18 months, part of an ambitious push to swell the ranks of Democratic-leaning voters and help President Barack Obama win reelection.
Avery Dennison Corp.' s shares plunged Thursday after 3 M Co. dissolved plans to buy its office and consumer products business. THE SPARK: Avery Dennison and 3 M announced Wednesday that the maker of Post-It notes would not move forward with the deal. 3 M had agreed in January to buy the division for $550 million.
BUFFALO, N.Y.-- First Niagara Financial Group says it's realigning some staffing and will do away with 180 positions as it recruits for 250 others. The bank says it's hired 2,700 people over the past two years, including 1,200 from its recent purchase of 195 HSBC branches in New York and southwestern Connecticut.
BUENOS AIRES, Argentina-- The flagship of Argentina's navy has been ordered held in Africa by a judge answering a complaint from a U.S. hedge fund. Courts in the United States and Britain have granted judgments worth $1.6 billion to the hedge fund, but it and other bondholders are still suing for billions more and Argentina has refused to pay.