×

Top News & Analysis New York City

  • The Dow Jones industrial average rose as much as 83 points, shrugging off a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. "There's not a lot to move the market today," said Erik Davidson, deputy chief investment officer of Wells Fargo Private Bank in San Francisco. "

  • NEW YORK, Oct 11- The Federal Reserve provided $1.98 billion in liquidity to foreign central banks in the latest week via its swap lines, New York Fed data showed on Thursday. The European Central Bank was the only central bank to tap the swap lines.

  • *Kraft will not pay royalties to Green Mountain. *Green Mountain stock falls, recovers. NEW YORK, Oct 11- Kraft Foods Group Inc plans to sell Maxwell House and Gevalia single-serve coffee pods compatible with Keurig brewing systems, in another blow to Keurig parent Green Mountain Coffee Roasters Inc.

  • *USDA hikes global ending stocks for 3rd month. NEW YORK, Oct 11- Cotton futures in New York fell their most in three weeks on Thursday after the U.S. Department of Agriculture raised its 2012/ 13 global ending stocks forecast for the fiber to a record high for a third consecutive month.

  • NEW YORK, Oct 11- Advanced Micro Devices Inc:.

  • NEW YORK, Oct 11- U.S. stocks ended little changed on Thursday as gains brought by a sign of improvement in the labor market were capped by a drop in Apple shares after a legal setback in a court ruling. The Nasdaq Composite Index was down 2.40 points, or 0.08 percent, at 3,049.38. ( (For multimedia versions of Reuters Top News: 3000 Xtra: visit BridgeStation: view story. 134==============================================================.

  • WASHINGTON, Oct 11- The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.

  • *Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday to their highest levels in weeks as tensions between Syria and Turkey escalated, while maintenance on North Sea oilfields pushed the premium for Europe's Brent crude to another one-year high.

  • NEW YORK-- Stocks are ending the day close to break-even despite some good news on jobs. The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years. Economists also look at the four-week average, and that hit a six-month low.

  • NEW YORK, Oct 11- Tom Hanks will make his Broadway debut playing a tabloid journalist in "Lucky Guy", a new drama by the late Nora Ephron, producers said in a statement on Thursday.

  • DALLAS-- Just weeks ago, American Airlines was working its way through bankruptcy court, on schedule for one of the fastest turnarounds in aviation history. Then seemingly overnight, American became the butt of jokes from Facebook to late-night TV. "American Airlines has a new slogan," Jay Leno joked on NBC's "The Tonight Show."

  • NEW YORK-- Shares of orthopedic implant makers mostly traded higher Thursday, but analysts said industry bellwether Biomet's earnings are cause for concern.

  • All of the companies _ Realogy, the owner of realty firms Century 21, Coldwell Banker and Corcoran Group; online stock photo provider Shutterstock; Kythera, a developer of shots to treat double chins; and Intercept Pharmaceuticals, which develops drugs for liver diseases _ garnered strong demand from investors.

  • *Coming up: Baker Hughes rig data, CFTC trade data Friday. NEW YORK, Oct 11- U.S. natural gas futures settled higher on Thursday for a fourth straight day, with a government report showing a weekly inventory build well below market expectations driving the front contract to a new high for the year.

  • WASHINGTON, Oct 11- A U.S. appeals court overturned a preliminary injunction on the sale of Samsung Electronics Co Ltd's Galaxy Nexus smartphone on Thursday, dealing a setback to Apple Inc in its battle against Google Inc's increasingly popular mobile software.

  • *U.S. sells $13 billion in 30- year bonds. By Richard Leong and Luciana Lopez. Treasuries prices advanced on Thursday in choppy trade as fears about the euro zone's health after a downgrade of Spain's debt rating and uncertainty around November's U.S. election outweighed a muted sale of 30- year debt.

  • Cisco said it was now releasing parts of an expert's report in a blog by Mark Chandler, general counsel at Cisco, "so the world could learn what really happened." In the segments released it said that "the exactness of the comments and spacing not only indicate that Huawei has access to the Cisco code but that the Cisco code was electronically copied and inserted into."

  • The Labor Department said Thursday that claims fell to 339,000 last week, the lowest since February 2008. The euro rose to $1.2929 late Thursday from $1.2897 late Wednesday. The dollar fell to 0.9347 Swiss franc from 0.9385 Swiss franc and to 97.89 Canadian cents from 98.08 Canadian cents.

  • Brent November crude rose $1.38, or 1.21 percent, to settle at $115.71, having traded from $114.42 to $116.

  • WASHINGTON, Oct 11- A U.S. appeals court overturned a preliminary injunction on the sale of Samsung Electronics Co Ltd's Galaxy Nexus smartphone on Thursday, dealing a setback to Apple Inc in its battle against Google Inc's increasingly popular mobile software.