Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalisation.» Read More
Among the stock activity stories for Monday, Oct. 1, from AP Business News:. _ Shares of The Goldman Sachs Group Inc. rose after an article posted on the website of Barron's magazine predicted that the investment bank's stock could climb at least 25 percent over the next year.
BERNANKE DEFENDS POLICIES: Chairman Ben Bernanke on Monday defended bold policies adopted at the Federal Reserve's September meeting. The stimulus is needed because economy isn't growing fast enough to reduce high unemployment, Bernanke told the Economic Club of Indiana.
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-- 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.
LIONVILLE, Pa.-- West Pharmaceutical Services Inc. said Monday that its board declared a quarterly dividend of 19 cents per share, up 5.6 percent from its prior payout of 18 cents. The dividend is payable Nov. 7 to shareholders of record Oct 24. Shares of West Pharmaceutical ended trading up $1.03 at $54.10.
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.
LINCOLN, Neb.-- Nebraska's corn and soybean harvests are about half done and well ahead of normal, but the drought's effects are apparent. The U.S. Department of Agriculture issued its weekly update on Nebraska's crops Monday. The USDA says 48 percent of the soybean crop has been harvested, but farmers are having some difficulty with dry pods and green stems.
HILLSBORO, Ore.-- Radisys Corp. on Monday replaced CEO Michel Dagenais with its president and chief financial officer, Brian Bronson effective immediately. Bronson, 41, joined Radisys in 1999 and has been CFO since 2006 and president since 2011..
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.
MANUFACTURING OPTIMISM: U.S. manufacturing grew in September for the first time in four months. HOUSING HOPE: The government also said U.S. builders spent more on home construction in August, the latest positive sign for the housing market.
Stocks mostly rose on Monday after a surprisingly strong report on U.S. manufacturing gave investors a reason to think the economy might be improving. Stocks gave up some of their gains in the afternoon. The S&P 500 is up 186.89 points, or 14.9 percent.
_A married couple with two children and an income of $100,000 would pay $7,935 in income taxes and $5,650 in payroll taxes this year, for a total federal tax burden of $13,585.
DETROIT-- Union leaders want striking Detroit Water and Sewerage workers to comply with a judge's order and go back on the job. Despite the request, Michigan AFSCME Council 25 President Al Garrett says Monday in a release that the union understands "the frustration felt by the hard working men and women in the water department."
DETROIT-- Electric car maker Fisker Automotive is talking with other car companies about sharing parts and technology. The company, based in Anaheim, Calif., is also preparing for a public offering of stock that would help it raise money for new vehicles, Fisker's new CEO Tony Posawatz said Monday during a speech to the Automotive Press Association.
DECATUR, Ill.-- Days after saying it is worried about the slow pace of the global economy Caterpillar Inc. says it will shut down parts of its operations in Decatur for a week in November and all of December as demand for some products drops.
SIOUX FALLS, S.D.-- Agriculture officials say ideal weather conditions in South Dakota have pushed the row crop harvest far ahead of last year's pace and the five-year average. The U.S. Department of Agriculture says in its weekly crop report that 55 percent of corn for grain has been harvested, ahead of the five-year average and last year's mark of 6 percent.
SACRAMENTO, Calif.-- In a story Sept. 28 about a state-run retirement program for private-sector workers in California, The Associated Press reported erroneously that the California Secure Choice Retirement Savings Program would be administered by a seven-member board.
GREEN UPDATES: The Federal Trade Commission issued its first formal revision since 1998 to the Green Guides, its green marketing guidelines that hold companies to truthful standards in marketing their products.
NEW YORK-- Shares of Goldman Sachs Monday rose after an article posted on the website of Barron's magazine predicted that the investment bank's stock could climb at least 25 percent over the next year. Barron's said that Goldman Sachs Group Inc. came away from the 2008 financial crisis better than any of its rivals.
NEW YORK-- Shares of Synta Pharmaceuticals Corp. jumped to a three-year high Monday, after the company reported positive clinical trial data for its drug ganetespib as a treatment for a type of lung cancer. Shares of Synta gained $1.79, or 23.5 percent, to close Monday at $9.41 on Monday.