Top News & Analysis New York


  • Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co's new-generation GEnx engine for the aircraft. "We have informed Boeing that we will not take delivery until the 787 s have the new modified shaft," said Baker, who has often been outspoken about planemakers Airbus and Boeing and other industry issues.

  • DALLAS-- American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating. Separately an American flight on Tuesday from Chicago to London was diverted to Shannon Airport in Ireland after a report of smoke in the cabin.

  • NEW YORK, Oct 2- Hedge fund manager David Einhorn on Tuesday made a case for once-ailing U.S. carmaker General Motors Co, saying the company is much healthier now and could beat growth forecasts. Speaking at the Value Investing Congress, Einhorn raced through dozens of slides ticking off how the carmaker is getting its product refreshments "right."

  • NEW YORK, Oct 2- The Dow and S&P 500 turned negative while the Nasdaq cut its gains in late morning on Tuesday, with materials and energy shares leading declines on the S&P. The Dow Jones industrial average was down 44.15 points, or 0.33 percent, at 13,470.96. The Nasdaq Composite Index was up 6.60 points, or 0.21 percent, at 3,120.13.

  • *MSCI says switch covers $24 million of annual operating income. Oct 2- Vanguard Group, the largest U.S. mutual fund manager, said on Tuesday it was switching 22 of its biggest index funds away from benchmarks provided by MSCI Inc in order to cut costs.

  • NY AG To Speak Out About JPM Suit

    CNBC's Scott Cohn has the latest details about New York Attorney General Eric Schneiderman's suit against JPMorgan. Also, CNBC's Gary Kaminsky shares his thoughts on the lawsuit.

  • Benchmark oil dropped 28 cents Tuesday to $92.20 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 29 cents to $111.90 per barrel in London. At the pump, the national average for gasoline was unchanged at $3.78 per gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • Athene was placed on Rating Watch Negative on July 13, 2012 following the company's announcement that it would be acquiring Presidential Life Corporation, and its wholly owned subsidiary, Presidential Life Insurance Company.

  • NEW YORK-- Shares of Cell Therapeutics Inc. jumped Tuesday after the company said the Food and Drug Administration awarded orphan drug incentives to its brain cancer drug Opaxio. Cell Therapeutics is studying Opaxio as a treatment for glioblastoma, the most common type of brain cancer.

  • FRANKFURT/ NEW YORK, Oct 2- Deutsche Telekom's. Deutsche Telekom declined to comment, while MetroPCS was not immediately available for comment.

  • NEW YORK, Oct 2- Hedge fund manager David Einhorn again made critical comments about Green Mountain Coffee Roasters Inc, a stock in which he publicly unveiled a short position a year ago. Einhorn, one of the biggest draws at the Value Investing Congress in New York on Tuesday, said he would discuss four investment ideas.

  • NEW YORK, Oct 2- Green Mountain Coffee Roasters Inc:.

  • NEW YORK-- ArQule Inc. stock lost more than half its value in Tuesday trading after the company said it stopped a clinical trial of its cancer drug tivantinib because the therapy was not improving survival in lung cancer patients.

  • The investigation, one of the several involving the company, was initiated in 2005 and covered DaVita's joint ventures, financial relationships with physicians and services provided to patients, and included the administration and billing of DaVita's anemia drug, Epogen.

  • *Vanguard says $537 bln of assets will be switched* MSCI says $24 mln of annual operating income affected. Oct 2- Vanguard Group, the largest U.S. mutual fund manager on Tuesday said it was switching 22 of its biggest index funds away from benchmarks provided by MSCI Inc in order to cut costs.

  • *New York sues JPMorgan over Bear Stearns mortgage products. *PetSmart to replace Sunoco in the S&P 500 index. If Madrid were to seek a rescue, it would trigger European Central Bank buying of its bonds and help to ease U.S. investors' nervousness about the euro zone's impact on the U.S. economy.

  • NEW YORK, Oct 2- Bill Gross, founder and co-chief investment officer of bond giant PIMCO, said he sees the U.S. going the way of Greece if it does not get its fiscal house in order.

  • BOSTON-- Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.

  • NEW YORK-- Shares of Fifth& Pacific slid Tuesday after the clothing maker cut its guidance due to weak sales of Juicy Couture. THE SPARK: Fifth& Pacific Cos. lowered its profit outlook for the year late on Monday.

  • NEW YORK, Oct 2- MetroPCS Communications Inc:. *Shares up 15 percent, hit highest since August 2011. ( (New York Treasury Desk; Tel: 223 6300)).