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Top News & Analysis New York

  • MELBOURNE, Oct 11- Australian shares are likely to extend losses into a second day on Thursday after U.S. equities sank on corporate warnings of slower growth, though local price moves may be limited ahead of monthly jobs data.

  • NEW YORK, Oct 10- JPMorgan Chase& Co has made enough progress containing its $5.8 billion of derivatives losses and tightening its risk controls that the outlook for its credit rating has improved to stable from negative, Fitch Ratings said on Wednesday.

  • REGIONS STRONGER: The Federal Reserve's survey of business conditions around the country found that stronger housing markets had given a boost to economic growth in nearly every region of the country at the end of the summer.

  • NEW YORK-- Standard& Poor's is downgrading Spain's credit rating two notches to agency's lowest investment-grade level. S&P cited Spain's economic recession, high unemployment and social unrest. Spain's economy is shrinking and its banks are struggling under the weight of a collapsed real-estate market.

  • *Turkey warns Syria about cross-border shelling. Oil markets, which have been balancing concerns of lower global fuel demand against the risk of supply disruptions in the Middle East and loading delays of crude from the North Sea, also.

  • NEW YORK, Oct 10- Standard& Poor's on Wednesday cut Spain's sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide. S&P's two-notch downgrade from BBB-plus brings it in line with Moody's Investors Service's Baa3 rating.

  • NEW YORK-- Shares of Barnes& Noble rose Wednesday after the CEO said advance orders of its new Nook e-readers are much higher than for past Nook devices. That's good news because Barnes& Noble, the largest traditional U.S. bookseller, is investing heavily in its e-book readers and digital library to ward off tough competition from online retailers and discounters.

  • Oct 10- Barnes& Noble Inc expects its digital Nook and college bookstore businesses to generate combined revenues of $3 billion this year, helped by strong e-books sales growth, and the bookseller said on Wednesday it plans to expand its digital bookstore into nine new international markets by June.

  • Wal-Mart, Kmart and Toys R Us all report toys like kids' tablet LeapPad2, robotic pet Furby, and Power Wheels battery-powered cars are all popular layaway items.

  • Oct 10- Fitch Ratings has affirmed Societe Generale's. The Negative Outlook on SG's Long-term IDR reflects that on France's Long-term IDR. This rating action on SG was taken in conjunction with Fitch's Global Trading and Universal Bank periodic review.

  • NEW YORK-- Annaly Capital Management Inc. said Wednesday that it appointed Wellington Denahan-Norris co-CEO to allow the company's chairman and CEO Michael A.J. Farrell to focus on his treatment for cancer. Annaly also appointed senior executives Kevin G. Keyes and James P. Fortescue as the company's president and chief operating officer, respectively.

  • NEW YORK, Oct 10- Investors in U.S.-based mutual funds pumped the most new money into bond funds in nearly three years as the exodus from stock funds continued amid renewed global economic jitters, data from the Investment Company Institute showed on Wednesday.

  • NEW YORK, Oct 10- Standard& Poor's on Wednesday cut Spain's sovereign credit rating by two notches to BBB-minus, citing a deepening economic recession that is limiting the government's policy options to arrest the slide. S&P's move brings it in line with Moody's Investors Services, which also has Spain on watch for a downgrade from its Baa3 rating.

  • NEW YORK-- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:. Yum Brands Inc., up $5.28 at $70.99. FedEx Corp., up $4.41 at $89.99.

  • NEW YORK, Oct 10- U.S. crude futures fell on Wednesday, in volatile trading, on concerns about slowing economic growth that also hit Wall Street, after oil prices were lifted early by ongoing tensions in the Middle East. For a complete report on oil futures markets, double click on SETTLE NET PCT LOW HIGH CURRENT DAY AGO CHNG CHNG VOL VOL.

  • WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.

  • NEW YORK-- If you are trying to figure out if small businesses are hiring, it depends on where you look. Just last Friday when the government was raising suspicious eyebrows with its report of a sudden drop in the unemployment rate so close to a presidential election, Andy Asbury was hiring a full-time employee to work at his Minneapolis real estate brokerage.

  • NEW YORK, Oct 10- U.S. crude futures held most losses and Brent seesawed after the American Petroleum Institute said crude and gasoline stocks rose last week, while distillate inventories fell. U.S. crude was down 95 cents at $91.44 a barrel in post-settlement trading at 4:43 p.m. EDT, after setting at $91.25.

  • The euro rose to $1.2897 in late trading Wednesday from $1.2880 late Tuesday. The British pound rose to $1.6008 from $1.6004. The dollar fell to 78.19 Japanese yen from 78.22 yen and to 0.9385 Swiss franc from 0.9404 Swiss franc.

  • NEW YORK-- This winter is expected to feel like more winter. But customers will have to use more energy to keep warm, according to the annual Winter Fuels Outlook from the Energy Department's Energy Information Administration. That will result in record heating bills, an average of $2,494.