LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group. » Read More
PROVIDENCE, R.I.-- Former Boston Red Sox pitcher Curt Schilling might have to sell or give up the famed blood-stained sock he wore on the team's way to the 2004 World Series championship to cover millions of dollars in loans he guaranteed to his failed video game company.
NEW YORK, Oct 4- Light Louisiana Sweet, the U.S. Gulf Coast cash crude benchmark, rose $1.20 a barrel on Thursday to trade at $19.95 over the futures benchmark West Texas Intermediate after a fire at Exxon's Baytown, Texas refinery, trade sources said.
LONDON-- Financial markets remained subdued Thursday as investors were reluctant to stake out positions ahead of key U.S. jobs data. The monthly U.S. nonfarm payrolls report, due Friday, is the week's main event in the markets following Thursday's monthly policy meeting of the European Central Bank.
Oct 4- Southern California Edison on Thursday released a plan to restart Unit 2 at the San Onofre nuclear power plant and operate the unit at up to 70 percent for about five months before shutting it again for inspections.
*Facebook adds 45 million users since June. Oct 4- Social media company Facebook Inc reported on Thursday it reached the 1 billion user mark last month, while Chief Executive Mark Zuckerberg said it would keep pursuing growth through mobile devices.
NEW YORK-- An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday. The Dow Jones industrial average gained 65 points to 13,559 shortly after 11:30 a.m. Bank of America led the 30 stocks in the Dow with a 3 surge, rising 26 cents to $9.37.
NEW YORK, Oct 4- U.S. natural gas futures edged higher early on Thursday ahead of weekly storage data, resuming a run up that earlier in the week brought the nearby contract to its highest mark this year. As of 9:49 a.m. EDT, front-month November natural gas futures on the New York Mercantile Exchange. were at $3.416 per mmBtu, up 2.1 cents.
The boozy reality TV series about a group of self-proclaimed "guidos" and "guidettes" cohabiting in a run-down Seaside Heights, N.J., party house is winding down as its sixth _ and MTV promises final _ season gets under way almost three years after it debuted and became a pop-cultural situation spawning catchphrases, punch lines, hairdos and tabloid fodder.
NEW YORK-- "There is an inherent evil to the wondrous technology that we embrace blindly," says J.J. Abrams. It's a loaded observation that seems simultaneously quizzical, thrilled and circumspect. And it hints at the world view of Abrams, the alliteratively initialed writer-director-producer whose latest series, "Revolution," airs Mondays at 10 p.m. EDT on NBC.
Oct 4- Fortune Brands Home& Security Inc. said on Thursday that it let its poison pill, adopted in advance of last year's spin-off from Fortune Brands Inc, expire. The company's stock was off 1 cent at $27.75 in morning New York Stock Exchange trading.
NEW ORLEANS-- Some New Orleans residents and city officials are pushing back against tour operators who bus out-of-towners into the city's Lower 9th Ward, where Hurricane Katrina unleashed a wall of water that pushed homes off foundations and stranded residents on rooftops when the levees failed.
NEW YORK, Oct 4- The amount of seasonally adjusted U.S. commercial paper contracted for a fifth consecutive week in the week ended Oct. 3, Federal Reserve data showed on Thursday. U.S. seasonally adjusted commercial paper outstanding fell $15 billion to $975.1 billion in the latest week.
*Murphy Oil says in "ongoing dialogue" with shareholders. NEW YORK, Oct 4- Murphy Oil Corp said on Thursday it has been talking with its shareholders, including Third Point LLC, whose fund manager Daniel Loeb has suggested Murphy shares could be higher.
NEW YORK-- Stocks are opening mostly higher on Wall Street following an encouraging report on the labor market and better sales from retail chains. The Dow Jones industrial average rose 35 points to 13,530 shortly after the opening bell Thursday.
NEW YORK, Oct 4- Exchange-traded funds are waging a price war that may save investors money on fees, but cheaper fund choices pose a greater risk because they may rely on new, more-opaque indexes.
NEW YORK, Oct 4- U.S. natural gas futures edged higher early on Thursday, resuming a recent run up that brought the nearby contract to its highest mark this year. As of 9:26 a.m. EDT, front-month November natural gas futures on the New York Mercantile Exchange. were at $3.426 per mmBtu, up 3.1 cents, or about 1 percent.
NEW YORK, Oct 4- U.S. stocks rose at the open on Thursday after labor market data came in within expectations and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis. The Dow Jones industrial average gained 40.66 points, or 0.30 percent, to 13,535.27.
*Sales at Costco and Gap top expectations. *Macy's, Target, Kohl's sales miss analysts' forecasts. "I think September overall is going to be OK; I don't think it's going to be great," said John Rooney, national retail& distribution sector lead for Deloitte Consulting.
NEW YORK-- "American Idol" season 12 tapings are just getting under way and Keith Urban has already become more than just a judge: he's also the pacifier on the newly-minted panel. "We're all passionate people and we're learning a new dance and we're all a work in progress," said Urban Wednesday at the New York Film Festival gala honoring his wife, Nicole Kidman.
Wells Fargo's International Group, named Christopher Lewis as executive vice president and head of global trade services. Most recently, he was head of trade and supply chain for North America at HSBC.