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Top News & Analysis New York City

  • NEW YORK, Oct 9- Metlife Inc said Tuesday it will build an asset-management business for outside investors focusing on investments in real estate equity, commercial mortgages and debt private placement.

  • NEW YORK-- TOOL TIME: Stanley Black& Decker Inc. said Tuesday that it is selling its hardware and home improvement business to Spectrum Brands Holdings Inc. for $1.4 billion in cash. RATIONALE: Spectrum says the deal will broaden its product offerings which include the Rayovac, Remington and Toastmaster brands.

  • NEW YORK-- The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama's health care law. Darden Restaurants Inc. declined to give details but said the test is only in four markets across the country.

  • The pending supply of homes, also known as shadow inventory, fell to 2.3 million units as of the end of July, down 10.2 percent from 2.6 million units a year ago and at the same level as March 2009, CoreLogic said. At the end of July it was equal to about six months' supply, CoreLogic said.

  • NEW YORK, Oct 9- U.S. natural gas futures edged lower early on Tuesday, as weather forecasts continued to moderate after a chilly weekend in consuming regions. The National Weather Service six- to 10- day outlook issued on Monday called for above-normal temperatures for nearly the entire nation, limiting heating demand.

  • NEW YORK, Oct 9- Metlife Inc said Tuesday it will build an asset-management business for outside investors focusing on investments in real estate equity, commercial mortgages and debt private placement.

  • NEW YORK, Oct 9- U.S. stocks edged lower after the open on Tuesday with investors having little reason to buy equities after the recent rally as they waited for the start later on Tuesday of the U.S. quarterly earnings season. The Dow Jones industrial average was down 22.73 points, or 0.17 percent, at 13,560.92.

  • NEW YORK-- President Barack Obama deployed Big Bird in a new campaign ad Tuesday mocking Mitt Romney's vow to end federal funding for public broadcasting.

  • NEW YORK-- A year ago, not many people had heard of Lena Dunham. Dunham, 26, whose appearance sold out in the first 20 minutes that tickets went on sale this year, was interviewed by New Yorker TV critic Emily Nussbaum on Sunday, just as word of her seven-figure book deal was emerging, an essay collection to be published by Random House. "I dressed as you for Halloween!"

  • NEW YORK, Oct 9- Make way for open enrollment season, the time of year when those wordy benefits packages stuff your inboxes. Tracy Watts, a partner with benefits giant Mercer, explains what's new for employees in 2013, including the impact of healthcare reform.

  • NEW YORK, Oct 9- U.S. natural gas futures edged lower early on Tuesday, as weather forecasts continued to moderate after a chilly weekend in consuming regions. The National Weather Service six- to 10- day outlook issued on Monday called for above-normal temperatures for nearly the entire nation, limiting heating demand.

  • The company is one of the largest leaseholders in the Bakken shale region in North Dakota and Montana. Analyst Subash Chandra of Jefferies& Co. said that Continental's plan implies a cost of more than $11,000 per well. Shares of Continental Resources Inc. fell $1.01 to $75.50 in premarket trading.

  • *Fed to buy $1.75 bln to $2.25 bln in long-dated debt. Treasuries prices rose on Tuesday in advance of a three-year debt sale as safe-haven bids for bonds emerged on anxiety about weak global growth and Greece's ability to meet the terms of a bailout.

  • NEW YORK-- An analyst on Tuesday cut shares of power provider Edison International to "Hold," saying the stock won't likely grow enough this year to warrant a "Buy" rating. Paul Fremont of Jefferies& Co. cited uncertainty regarding a pending case on power rates, rising costs and a long-shuttered nuclear plant as major factors in the downgrade.

  • WHITEHOUSE STATION, N.J.-- The drugmaker Merck& Co. announced Tuesday that it will move its global headquarters within New Jersey as it looks to lower operating expenses and consolidate its properties. The company's headquarters are moving about 25 miles east from Whitehouse Station to another Merck site in Summit, which is about 12 miles west of New York City.

  • NEW YORK-- As many as 13,000 people received steroid shots suspected in a national meningitis outbreak, health officials said Monday. Those injected in joints are not believed to be at risk for fungal meningitis, said Curtis Allen, a spokesman for the Centers for Disease Control and Prevention.

  • NEW YORK, Oct 9- Redbook Research on Tuesday released the following seasonally adjusted weekly data on U.S. chain store sales:.

  • NEW YORK, Oct 9- Intel Corp:.

  • SAN FRANCISCO-- Exactly one month from Election Day, Republican Mitt Romney and President Barack Obama are both declaring they will win a race for the White House that remains anything but clear. Their trails are crossing again in Ohio, the state that could decide the election, and signs of urgency are emerging from each campaign.

  • LONDON-- British police on Monday arrested the man who told journalists he was responsible for scrawling graffiti on a mural by modern American master Mark Rothko at London's Tate Modern museum.