Though it seems there is nothing to lose by evacuating a school and being safe, there are large costs associated with these closures.» Read More
WASHINGTON, Oct 3- The U.S. Treasury Department is examining individual retirement accounts as vehicles for potential tax avoidance, a top tax official said in a letter to Democratic lawmakers released on Wednesday.
Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt airline. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was cancelled last month.
*Republican challenger broaches possible $17,000 limit. Oct 3- Mitt Romney's talk of putting a cap on income tax deductions aligns him with others, including President Barack Obama, behind a tax code change that could gain traction in Washington.
"This matter requires more attention," Jeremie Waterman, head of the U.S. Chamber of Commerce's China division, told a U.S. government panel hosted by the U.S.
NEW YORK, Oct 3- U.S. "I think we're in a wait and see mode, we are awaiting minutes and then all eyes will be focused on the payroll data," said Sean Simko, senior portfolio manager at SEI Investments in Oaks, Pennsylvania.
*Low-Priced Stock Fund uses cash as shock absorber. Tillinghast, manager of Fidelity's $33 billion Low-Priced Stock Fund, has cut his cash position by more than half in the past year to $1.9 billion, or 6 percent of assets.
NEW YORK, Oct 3- Nasdaq canceled some trades in shares of Kraft Foods Group that had pushed the stock up about 29 percent in just one minute, the latest in a string of trading glitches that have rattled market confidence. During the one-minute period, Kraft shares surged as high as $58.54 after opening at $45.44.
For the second year in a row, the Bay State topped an annual state index, which offers a comprehensive look at entrepreneurship. Did you say Minnesota?
*SEC says eBX gave outside firm customer order data. *eBX to pay $800,000 to settle SEC charges. The SEC alleged that eBX erroneously told its users that their buy and sell orders would not be shared outside the company, but an outside technology firm was allowed to use the data for its own business interests.
WASHINGTON, Oct 3- Boston- based dark pool operator eBX LLC on Wednesday agreed to pay an $800,000 penalty to settle civil charges that it had failed to protect its subscribers' confidential trading information.
LONDON/ NEW YORK, Oct 3- The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.
NEW YORK, Oct 3- U.S. companies added more jobs than expected in September, while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.
NEW YORK-- Shares of Sarepta Therapeutics Inc. nearly tripled in value Wednesday after the company reported positive clinical data for its Duchenne muscular dystrophy drug eteplirsen. Eteplirsen is Sarepta's most advanced drug candidate, and in morning trading the stock jumped $25.70 to $40.69.
PORT GIBSON, Miss.-- Entergy Corp. has locked out union security workers at its nuclear plant near Port Gibson, Miss., after contract negotiations with the United Government Security Officers of America Local 36 failed.
PAUL EDELSTEIN, ECONOMIST, IHS GLOBAL INSIGHT, LEXINGTON, MASSACHUSETTS. But exports orders fell again given what's happening in Europe and China and employment also slowed from August. If things don't deteriorate further in Europe and China, we should avoid a recession but the economy will not expand fast enough to create more job growth. "
NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday. STEVEN WOOD, CHIEF ECONOMIST, INSIGHT ECONOMICS, DANVILLE, CALIFORNIA. THOMAS DI GALOMA, MANAGING DIRECTOR, NAVIGATE ADVISORS, STAMFORD, CONNECTICUT.
THOMAS DI GALOMA, MANAGING DIRECTOR, NAVIGATE ADVISORS, STAMFORD, CONNECTICUT. WILLIAM LARKIN, FIXED INCOME PORTFOLIO MANAGER, CABOT MONEY MANAGEMENT, SALEM, MASSACHUSETTS. STEPHEN STANLEY, CHIEF ECONOMIST, PIERPONT SECURITIES, STAMFORD, CONNECTICUT.
NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday. WILLIAM LARKIN, FIXED INCOME PORTFOLIO MANAGER, CABOT MONEY MANAGEMENT, SALEM, MASSACHUSETTS. STEPHEN STANLEY, CHIEF ECONOMIST, PIERPONT SECURITIES, STAMFORD, CONNECTICUT.
NEW YORK, Oct 3- U.S. The impact was not dramatic, though, because the report has not been a good immediate predictor of job growth as reported by the U.S. Labor Department each month. "The market reaction was muted," said Eric Stein, vice president and portfolio manager at Eaton Vance Investment Managers in Boston. "