LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group. » Read More
Gold 1787.00 Silver 34.350 Gold 1770.69 Light Crude 92.48---------------------------------------------------------------- vernight market action with latest New York figures. NEW YORK- U.S. stocks pared gains, with the Nasdaq turning negative on Monday as Federal Reserve Chairman Ben Bernanke delivered a broad defense of the central bank's controversial bond-buying stimulus plan.
*Lobo succeeds interim CEO Curt Hartman* Hartman to leave company* CEO search had been underway since February* Stock falls 0.4 pct in midday trading By Toni Clarke. Oct 1- Medical device maker Stryker Corp on Monday named Kevin Lobo, head of its orthopedics unit, as president and chief executive following an eight-month search.
NEW YORK-- Marriott International Inc. should shed some light on the health of the hotel sector when it reports earnings for the third quarter after the market closes on Wednesday. Three months ago, Marriott said it could boost earnings this year through higher bookings and rates despite slowing growth overseas.
*Irene Tse ran North America unit of troubled unit. NEW YORK, Oct 1- Another top executive at the JPMorgan Chase& Co unit that lost $5.8 billion on derivatives trades this year is leaving the company.
NEW YORK-- Shares of Goldman Sachs Monday after an article posted on the website of Barron's magazine predicted that the investment bank's stock could climb at least 25 percent over the next year. Barron's said that Goldman Sachs Group Inc. came away from the 2008 financial crisis better than any of its rivals.
NEW YORK, Oct 1- General Electric launched a $7 billion sale of notes on Monday, taking advantage of prevailing low rates in what will be the third-largest sale of corporate debt in the US so far this year. Barclays, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley are the joint bookrunners.
Oct 1- Washington Post Co said it would acquire a majority stake in privately held Celtic Healthcare Inc, branching even further away from its newspaper roots.
NEW YORK, Oct 1- U.S. manufacturing unexpectedly expanded in September for the first time since May as new orders and employment picked up, but the pace of growth showed the economy was still stuck in a slow recovery. The Institute for Supply Management said on Monday its index of national factory activity rose to 51.5 from 49.6 in August.
NEW YORK, Oct 1- U.S. stocks pared gains, with the Nasdaq turning negative on Monday as Federal Reserve Chairman Ben Bernanke delivered a broad defense of the central bank's controversial bond-buying stimulus plan. The Nasdaq Composite Index dropped 3.46 points, or 0.11 percent, to 3,112.77.
NEW YORK, Oct 1- U.S. natural gas futures were higher on Monday for the fifth straight day, with Northeast and Midwest forecasts calling for cool weather for later this week and next week driving the front contract to a new high for the year.
Manufacturing grew in September for the first time in four months, according to the Institute for Supply Management. The Commerce Department said Monday that builders spent more money to construct homes in August. The dollar fell to 0.9383 Swiss franc from 0.9404 Swiss franc and to 98.22 Canadian cents from 98.34 Canadian cents.
NEW YORK, Oct 1- U.S. manufacturing unexpectedly grew last month for the first time since May but euro zone factories suffered their worst quarter since early 2009 and China lost steam, suggesting the global economy faces hurdles as it tries to outrun recession.
NEW YORK-- Workday Inc. said Monday it expects shares of its planned initial public stock offering to price at $21 to $24 each, valuing the company at about $3.61 billion.
Oct 1- NEW YORK, October 01 Fitch Ratings believes, while airports globally are growing strongly, the differences in performance between airports across global regions are likely to continue due to local economic trends and choices by carriers.
NEW YORK-- Natural gas futures jumped 13 cents Monday, nearly 4 percent, to $3.45 per thousand cubic feet. Natural gas is up 24 percent over the past month and up 81 percent since hitting a 10- year low of $1.91 on April 19.
NEW YORK-- American Airlines says a Boston- to- Miami flight had to make an emergency landing at New York's JFK airport over the weekend due to a row of seats that became loose. Passengers aboard the flight were placed on another aircraft for the trip to Miami. It says the FAA was notified of the problem and the airline's internal review.
Oct 1- Standard& Poor's Ratings Services will hold a telephone conference call on Thursday, Oct. 4, 2012 at 11:00 a.m. Eastern Daylight Time to discuss the outlook, key credit drivers and recent developments within the U.S. and European packaging sectors and what this could mean for specific packaging and packaging-focused forest products companies.
Oct 1- Private equity firm CVC Capital Partners Ltd said on Monday it had agreed to buy a majority stake in Cunningham Lindsey Group Ltd in a deal that a source familiar with the matter said valued the insurance claims management company at up to $1 billion.
NEW YORK, Oct 1- Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. The ISM number suggests that things are not that bad, "said Adam Sarhan, chief executive officer at Sarhan Capital in New York."
NEW YORK, Oct 1- U.S. The Institute for Supply Management said its index of U.S. factory activity rose to a reading of 51.5 in September as new orders and employment picked up.