Top News & Analysis New York

  • NEW YORK-- Shares of Sunesis Pharmaceuticals Inc. rose Friday after the company discussed plans for an upcoming trial of its cancer drug vosaroxin. THE SPARK: Sunesis held a conference call with investors and analysts Thursday and detailed its studies on vosaroxin, an experimental treatment for acute myeloid leukemia.

  • With a looming election keeping Japan from making a decision on how much, if any, of its nuclear reactor fleet it will keep, and slowing growth in China weighing on the broader resource sector, it will likely be months before uranium prices start moving back toward pre-Fukushima levels.

  • NEW YORK, Oct 5- Bond speculators raised their bullish bets on U.S. Treasuries futures earlier this week in advance of Friday's payroll data, according to Commodity Futures Trading Commission data released on Friday. Speculative bets on the Chicago Board of Trade's "ultra" bond contracts rose to 42,834 contracts, up 927 from last week.

  • Franklin County Circuit Judge Phillip Shepherd still has to approve the deal that requires ICG to pay $575,000 in penalties. Under the agreement, ICG would pay $335,000 to the PRIDE environmental initiative to help stop Kentucky residents from piping sewage directly into streams and $240,000 to the Department for Natural Resources to pay for a water study.

  • NEW YORK, Oct 5- U.S. The U.S. Labor Department said the unemployment rate fell to a four-year low of 7.8 percent in September, down from 8.1 percent in August, as 114,000 jobs were added. "The big shock was the drop in the rate, the consensus number was right in line," said Sean Murphy, a Treasuries trader at Societe Generale in New York.

  • NEW YORK-- One type of investor buys stocks when everyone is convinced that corporate earnings will fall. He buys because he thinks they're wrong and earnings will rise instead. Barclays Capital stock strategist Barry Knapp said Thursday, as the Standard& Poor's 500 inched higher yet again. "

  • NEW YORK-- In December 2008, two of Bernard Madoff's most loyal employees met on a Manhattan street corner and fretted over a closely held secret that the rest of the world would learn about eight days later: that their boss was a con man for the ages.

  • On the New York Mercantile Exchange:. _ Benchmark oil closed down $1.83 to $89.88 per barrel. On the ICE Futures Exchange in London:.

  • NEW YORK, Oct 5- Cotton prices eased on Friday on speculative selling as investors braced for a bumper U.S. crop, although moves were exaggerated by extremely low volumes. New York cotton for December delivery. settled down 0.83 percent at 71.49 cents per lb on ICE Futures U.S.

  • NEW YORK, Oct 5- The S&P 500 broke a four-day string of gains, ending marginally lower on Friday as an unexpected drop in the U.S. unemployment rate was overshadowed by concerns about the coming earnings season, which begins with Alcoa next week.

  • NEW YORK, Oct 5- Currency speculators pared bets against the U.S. dollar in the latest week, retreating from its highest level in more than a year, according to data from the Commodity Futures Trading Commission released on Friday.

  • A big drop in the unemployment rate wasn't enough for investors Friday. The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly four years. The drop to 7.8 percent in the unemployment rate "really is not a big game-changer," said Peter Cardillo, chief market economist at Rockwell Global Capital. "

  • *White House slams Welch tweet as "ludicrous". BOSTON/ WASHINGTON, Oct 5- Jack Welch, the lionized former chairman of General Electric Co, provoked cries of outrage in Washington on Friday when he appeared to accuse the White House of manipulating September job figures for political gains.

  • NEW YORK, Oct 5- The year-long rally in junk bonds hit a bump in the road this past week, with investors beginning to show concern about high-yield debt valuations, analysts said.

  • *Supportive U.S. data offset by weak China, Europe reports. NEW YORK, Oct 5- Oil prices fell in volatile trading on Friday and posted weekly losses as a fragile global economy and uncertainty about Europe's debt crisis offset support from a better-than-expected U.S. employment report.

  • NEW YORK, Oct 5- U.S. natural gas futures ended lower in the front-month November contract pressured by Thursday's bearish weekly inventory report and by forecasts for mild mid-month weather that should slow demand.

  • LOS ANGELES-- Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. In Southern California, the price jumped 20 cents a gallon overnight to $4.53 in Ventura.

  • He named Family Dollar Stores Inc. as his top pick among the group, rating it at "Outperform" with an $81 price target. The analyst also rated Dollar Tree Inc. at "Outperform" with a $55 target price. In afternoon trading, Family Dollar shares added 42 cents to $69.07; Dollar Tree shares rose $1.33, or 2.8 percent, to $48.18 and Dollar General shares fell 27 cents to $51.80.

  • NEW YORK-- Shares of data services company Neutral Tandem Inc. dropped sharply to a new low Friday as R.W. Baird analysts downgraded the company's rating, saying its financial performance has weakened more than expected.

  • NEW YORK, Oct 5- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.