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Top News & Analysis New York City

  • NEW YORK-- Shares of Monster Beverage Corp. fell Wednesday after a Stifel Nicolaus analyst lowered his rating on the energy drink maker, citing slowing sales growth and regulatory risks.

  • PARIS-- He fires up the succulent pork over gnarled, carbonated pig bones, grows sweet greens in a soil mixed with pumice left over by the hazelnut oil industry and he's creating a new kind of wheat, named after himself _ Barber. But Dan Barber, the prize-winning American chef, insists he's not an ecologist who likes to cook.

  • NEW YORK, Oct 10- Sprint Nextel Corp is holding off on deciding whether to make a bid to buy MetroPCS Communications Inc as it continues to weigh its options, a source familiar with the matter said on Wednesday. Sprint's board met on Friday to discuss a potential bid for the smaller company, another source familiar with the matter told Reuters.

  • *Turkey warns Syria about cross-border shelling. NEW YORK, Oct 10- Brent crude prices edged up on Wednesday in volatile trading, as concerns about the security of Middle East supplies amid escalating tensions over Syria helped offset fears that slowing economic growth will curb demand for petroleum.

  • NEW YORK, Oct 10- U.S. stocks extended their decline on Wednesday, with the Dow industrials briefly down 1 percent, weighed by a sharp retreat in shares of Chevron and Alcoa. The Dow Jones industrial average fell 125.20 points, or 0.93 percent, to 13,348.33. The S&P 500 lost 9.04 points, or 0.63 percent, to 1,432.44.

  • NEW YORK-- There's a fresh push to get Holly Golightly onto a Broadway stage. Producers said Wednesday that a new adaptation of "Breakfast at Tiffany's" is aiming for a Shubert theater in New York City in February 2013.

  • NEW YORK, Oct 10- Small and midcapitalization stocks slipped on Wednesday, dragged down by the latest warnings from companies including Avnet Inc as U.S. third-quarter earnings reports got under way. The reporting period began with results from Dow component Alcoa after Tuesday's stock market close.

  • WASHINGTON, Oct 10- JPMorgan Chase& Co Chief Executive Jamie Dimon said his company has lost up to $10 billion as a result of the government asking him to buy teetering Wall Street firm Bear Stearns during the financial crisis. "I'm going to say we've lost $5 billion to $10 billion on various things related to Bear Stearns now.

  • NEW YORK-- True Religion Apparel's stock soared on Wednesday as investors embraced the clothing company's announcement that it is considering putting itself up for sale. THE ANALYSIS: Dorothy Lakner of Caris& Co. said in a client note that there's been speculation in the past that True Religion might look to sell itself, but believes that this time it's for real.

  • NEW YORK, Oct 10- U.S. natural gas futures were trading nearly flat on Wednesday in a seesaw session, with some follow-through buying after the previous day's rally offset by milder Northeast and Midwest weather forecasts for next week that should slow demand.

  • NEW YORK, Oct 10- Books about war-torn Iraq and post-World War II Eastern Europe, Lyndon Johnson and Mumbai were among 20 finalists announced on Wednesday for the annual National Book Awards, among the most prestigious in U.S. publishing.

  • NEW YORK, Oct 10- Prices for U.S. Treasuries extended gains after a sale of 10- year debt, despite losses earlier in the session. Treasury sold $21 billon in 10- year notes at a high yield of 1.7 percent.

  • The euro rose to $1.2888 in afternoon trading from $1.2880 late Tuesday. The British pound slipped to $1.6003 from $1.6004. The dollar rose to 78.24 Japanese yen from 78.22 yen.

  • NEW YORK, Oct 10- U.S. Treasuries prices fell on Wednesday as traders reduced their bond holdings to make room for $21 billon in 10- year note supply, part of this week's $66 billion in coupon-bearing offerings. The market decline is "just positioning ahead of the auction," Sharon Stark, chief fixed income strategist at Sterne Agee& Leach in Birmingham, Alabama. "

  • WASHINGTON, Oct 10- U.S. wholesale inventories rose as expected in August while sales at wholesalers posted the first gain after three consecutive months of decline, according to government data released on Wednesday. Total wholesale inventories advanced 0.5 percent to $487.5 billion, the Commerce Department said.

  • NEW YORK-- Stocks are down again on Wall Street, this time because of the prospect of weaker earnings for Alcoa and Chevron. Just before the lunch hour, the Dow Jones industrial average is down 67 points at 13,406. The Standard& Poor's 500 index is down three at 1,437. And the Nasdaq composite index is off three at 3,061..

  • NEW YORK-- Home Depot, the largest U.S. home-improvement retailer, should benefit substantially from the expected housing market recovery, according to an Oppenheimer analyst. But until the recovery starts to gain traction, Home Depot's shares are expected to trade sideways, the analyst said Wednesday, and downgraded the stock.

  • Oct 10- Record-high retail prices for gasoline in California began to ease on Wednesday, receding from an unprecedented rally to nearly $5 a gallon, even as further refinery disruptions threatened to slow the decline.

  • NEW YORK Oct. 10, 2012-- Standard& Poor's Ratings Services today lowered its ratings on three classes of commercial mortgage pass-through certificates from GMAC Commercial Mortgage Securities Inc.' s series 2001- C1 due to current and potential interest shortfalls.

  • NEW YORK, Oct 10- The Federal Reserve on Wednesday sold on the open market $7.8 billion of U.S. Treasuries maturing April 2014 through February 2015, the New York Fed said on its website. Dealers submitted a total of $44.482 billion of Treasuries for the sale, the New York Fed said.