Top News & Analysis New York

  • CINCINNATI-- As Roger Federer and Novak Djokovic battled for the title at the Western& Southern Open north of Cincinnati, a small plane buzzed overhead, trailing a banner calling the sponsor a bunch of bullies.

  • *S&P/ASX 200 index fell 7 points to 4,483.5* Lynas Corp Ltd. plunges 15 pct on Malaysia delay. Shares pulled back from 14- month highs on Wednesday after the IMF cut its growth forecast for China, Australia's biggest export market.

  • The price of oil rose above $92 a barrel Thursday as growing tensions between Turkey and Syria caused worries about the future of Middle East crude supplies. By early afternoon in Europe, benchmark oil for November delivery was up 90 cents to $92.15 a barrel in electronic trading on the New York Mercantile Exchange.

  • MELBOURNE, Oct 11- Australian shares fell 0.2 percent on Thursday, weighed by weakness in miners but paring steeper earlier losses after data showed a jump in jobs in September. Lynas Corp Ltd plunged 15 percent as it faced another delay in opening its rare earths plant in Malaysia.

  • By Josephine Mason and Susan Thomas. NEW YORK/ LONDON, Oct 11- The London Metal Exchange may add morning rounds of open-outcry trading for its unique futures contracts, senior trade sources say, as the new Hong Kong- based owners plot their first major move to hold off intense competition from their Shanghai rival.

  • The U.S. government said China has subsidized companies that are flooding the U.S. with low-cost panels. Both U.S. and China- based solar companies gained in afternoon trading. However, another big gainer was Canadian Solar Inc., which has operations in both the U.S. and China. Its shares rose 15 cents, or 5.7 percent, to $2.78.

  • *Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday as tensions between Syria and Turkey escalate and maintenance curbs on North Sea output continue.

  • 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.

  • NEW YORK-- The Financial Industry Regulatory Authority has fined financial services firm Guggenheim Securities LLC $800,000 for failing to supervise two former traders who tried to hide a 2008 trading loss. Guggenheim Securities, Rekeda and Day neither admitted nor denied the charges but consented to FINRA's findings.

  • The New York attorney general sued JPMorgan Chase over the risky mortgage-backed securities once peddled by Bear Stearns, which JPMorgan now owns. Bank of America and Citi denied wrongdoing but said they were agreeing to settle because they wanted to move on. JPMorgan and Wells Fargo have said they will contest their pending charges.

  • NEW YORK-- Billionaire investor Carl Icahn is making an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. He says management has taken a passive attitude toward the Wisconsin- based company's future and wants it to be more active. Its shares gained $3.40, or 12.7 percent, to $30.25 in midday trading.

  • NEW YORK, Oct 11- Prices on U.S. 30- year Treasury bonds turned higher midday Thursday, erasing earlier losses ahead of a $13 billion auction of 30- year supply. The timing of the market move was similar to what occurred on Wednesday in advance of a $21 billion 10- year note sale.

  • NEW YORK-- Oscar winner Octavia Spencer is looking to make some magic in the book world. The actress best known for "The Help" has a deal with Simon& Schuster Books for Young Readers for a pair of detective novels for middle school students.

  • NEW YORK-- Higher One's stock declined more than 7 percent Thursday as Piper Jaffray cut its rating and price target for the college payment services company, saying its 2012 and 2013 forecasts are at risk due to challenging enrollment trends.

  • *Coming up: Baker Hughes rig data, CFTC trade data Friday. NEW YORK, Oct 11- U.S. natural gas futures held gains 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.

  • NEW YORK, Oct 11- Dollar Tree Inc:. *Shares off 7.3 percent in more than twice 10- day average volume. ( (New York Treasury Desk; Tel: 223 6300)).

  • Oct 11- The U.S. Department of Agriculture has raised its 2012/ 13 global ending stock forecast for cotton to record highs for a third consecutive month, sending prices down and reinforcing concerns about weakening demand from China, the world's largest textile market.

  • NEW YORK-- The McGraw-Hill Companies Inc. said Thursday that its Platts division is buying Swiss analytics firm Kingsman SA for an undisclosed price. Founded in 1990 and based in Lausanne, Switzerland, Kingsman employs analysts, researchers and report writers in several markets, including London, Montreal, New Delhi and Sao Paulo.

  • NEW YORK-- Safeway Inc. is betting that its investment in a new customer loyalty program will eventually pay off, as the supermarket operator looks to fend off big-box retailers and other competitors that are expanding their grocery aisles.

  • It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report Thursday by foreclosure listing firm RealtyTrac Inc..