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Top News & Analysis New York City

  • Oct 11- Fitch Ratings has affirmed MGM Resorts International's. Fitch also affirms all of MGM's and MGM Grand Paradise's transaction ratings, which are listed at the end of the release. The above considerations should improve MGM's credit profile in terms of liquidity, FCF and leverage to be more consistent with a' B' IDR over the next several quarters.

  • 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 blow to Apple Inc in a battle against Google Inc's increasingly popular mobile software.

  • *Sprint, Clearwire soar in afternoon trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp may buy a majority stake in Sprint Nextel Corp to establish a foothold in the U.S. wireless market, in what could be the largest Japanese acquisition ever in America.

  • NEW YORK-- Billionaire investor Carl Icahn plans to make an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. The activist investor said Thursday that he will make a tender offer worth $32.50 per share in cash, a 21 percent premium over Oshkosh's latest closing price.

  • NEW YORK-- Tom Hanks will play a gutsy New York City newspaper columnist when he makes his debut on Broadway in the spring. Previews begin March 1 at the Broadhurst Theatre and an opening night is set for April 1.

  • PARIS, Oct 11- An Air France-KLM flight from Paris to New York was forced to turn back to Charles de Gaulle airport due to a "minor technical problem" with the plane's windshield, a spokesman for the airline said on Thursday. The 261 passengers on flight AF010 landed safely and are due to fly out again at 10 p.m. on another Airbus.

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

  • NEW YORK, Oct 11- U.S. Treasuries prices extended losses on Thursday after a sale of $13 billion of 30- year bonds. Prices for both 10- and 30- year debt fell shortly after the sale, with 10- year notes down 10/ 32 in price to yield 1.713 percent.

  • NEW YORK, Oct 11- U.S. seasonally adjusted commercial paper outstanding fell $10.2 billion in the week ended Oct. 10, according to data issued by the Federal Reserve on Thursday.

  • *U.S. to sell $13 billion in 30- year bonds. *Rating cut on Spain cushions bonds' price drop. "This suggests some improvement in the labor market," fueling selling in Treasuries, said David Keeble, global head of interest rate strategy at Credit Agricole Corporate& Investment Bank in New York.

  • *Sprint, Clearwire soar in early trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp and U.S. operator Sprint Nextel Corp. are in talks about a deal that could see Softbank assume control of Sprint.

  • NEW YORK-- Shares of Stillwater Mining Co. tumbled Thursday, after the palladium and platinum producer announced plans to sell $300 million in notes.

  • *Sprint volume surges, shares jump on Softbank deal reports. More than 320 million shares of Sprint Nextel changed hands in U.S. trading by 11:30 a.m. ET, making it the busiest day in the stock's history. Clearwire Corp, in which Sprint holds a majority interest, surged 38 percent to $1.79.

  • NEW YORK-- U.S. airlines closed the summer travel season without any lengthy tarmac delays in August, the government said Thursday, a sharp reversal from a month earlier. On Aug. 15, a Caribbean Airlines flight sat on the tarmac at New York's JFK Airport for four hours and 28 minutes before it took off for its destination, Trinidad and Tobago.

  • NEW YORK-- Stocks are higher at midday after an encouraging report from the Labor Department. The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years.

  • When the stay-at-home mom and her family visited New York from their home in Germantown, Md., they joined the crowd of fans outside the NBC morning show's Rockefeller Center studio.

  • NEW YORK, Oct 11- Oshkosh Corp:. *Shares halted after rising 11.5 percent in late morning trade. *Shares up 14.7 after stock resumes trading.

  • NEW YORK, Oct 11- Sprint Nextel Corp:.

  • *Sprint, Clearwire soar in early trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, according to a source with direct knowledge of the matter, adding yet another potential shake-up to the fast-changing U.S. wireless market.

  • NEW YORK, Oct 11- Brent crude held and U.S. crude futures pared gains in choppy trading on Thursday on a report from the U.S. Energy Information Administration showing crude inventories rose in the United States last week, after oil prices had been lifted earlier by heightened tensions between Turkey and Syria.