NEW YORK-- Nasdaq and other exchanges cancelled some trades of Kraft Foods Group Inc. Wednesday following an unusual spike after the market opened. Kraft's shares opened at $45.55 before surging to $58.54. The issue comes only days after Kraft Foods and former Kraft snack business Mondelez International began trading as two separate companies.
The market's gains were held in check by a slump in energy stocks and Hewlett-Packard's 13 percent plunge. "The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.
Stocks posted modest gains in volatile trading Wednesday, lifted by a batch of better-than-expected economic reports, but ongoing worries over a global slowdown kept investors on edge.
NEW YORK, Oct 3- NuVasive Inc:.
WILMINGTON, Del.-- Primedia Inc. is asking a Delaware judge to dismiss a shareholder lawsuit challenging the acquisition of the Georgia- based house and apartment search guide publisher by private investment firm TPG Capital for $316 million.
Oct 3- Fitch Ratings has upgraded the Issuer Default Ratings of CF Industries Holdings, Inc.. and CF Industries Inc. to' BBB' from' BBB-'. A slump in corn production caused by this past season's drought and high temperatures have combined with speculation to push corn prices up to $7.50/ bushel from $5/ bushel last June.
Oct 3- Bakers Footwear Group Inc, which operates 215 women's shoe stores in the United States, filed for bankruptcy protection on Wednesday as it struggles to restructure its business amid falling sales. Bakers' weak sales this year pushed it into default on a $30 million secured credit facility it entered into in June with Crystal Financial LLC.
TORONTO, Oct 3- Canada's main stock index ended slightly lower on Wednesday, as signs of a worsening economic slowdown in China and Europe weighed on commodity prices and resource shares, offsetting better-than-expected U.S. data. The Toronto Stock Exchange's S&P/TSX composite index. ended down 31.76 points, or 0.26 percent, at 12,359.47.
TEHRAN, Iran-- Iranian authorities used aggressive measures Wednesday in an attempt to halt the nosedive of the country's currency, making arrests, vowing to stamp out sidewalk money changers and warning merchants against fueling the mounting public anger over the economy.
By Yeganeh Torbati and Marcus George. DUBAI, Oct 3- Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.
Treasury Department announces sales of 3- and 6- month bills, 3- and 10- year notes, and 30- year bonds, 11 a.m.. Federal Reserve Bank of St. Louis President James Bullard speaks on "U.S. Economy and Monetary Policy "before the Economics Club of Memphis, in Memphis, Tennessee, 8:45 p.m..
*China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening outlook for petroleum demand, even as supportive U.S. data strengthened the dollar.
NEW YORK, Oct 3- Wall Street ended modestly higher on Wednesday on stronger-than-expected U.S. labor and service sector data, but the Dow industrials were hobbled by a slide in Hewlett-Packard. Based on the latest available data, the Dow Jones industrial average was up 12.48 points, or 0.09 percent, at 13,494.84.
The asset management and investment firm hired vetran brokers E.H. Stanley Jr. and Geddings H. Crawford Jr, who previously worked at Morgan Stanley Wealth Management, the brokerage majority-owned by Morgan Stanley. The asset management business of Aviva Plc named Patrick Brien as chief executive of its Asia Pacific region.
Benchmark oil lost more than 3 percent Wednesday on more evidence of slower growth in China, the world's second-largest oil consumer behind the U.S. Airline stocks tend to trade inversely to the price of oil because fuel is one of the airlines' largest expenses. Shares of US Airways Group Inc. led the sector's gains Wednesday.
OTTAWA, Oct 3- Canada's official opposition New Democratic Party will unveil its position on CNOOC Ltd's. $15.1 billion bid for oil Canadian producer Nexen Inc. Keywords: NEXEN CNOOC/ CANADA OPPOSITION.
NEW YORK, Oct 3- U.S. natural gas futures ended lower on Wednesday for the first time in seven sessions, hit by a slightly milder turn in the extended weather forecast and profit-taking ahead of Thursday's inventory report despite the still-cool outlook for next week.
WASHINGTON, Oct 3- Ads for President Barack Obama's reelection campaign dominated TV airwaves in key states in September, despite Republican challenger Mitt Romney's powerful "Super PAC" backers, according to an academic analysis released on Wednesday.
WHERE THE GRASS IS GREENER: Ranchers from Missouri to New Mexico have started cutting neighbors' fences, leaving gates open so their cattle can graze on greener pastures or even stealing hay as they contend with the worst drought in decades. IN THE WEEDS: It's not clear just how many grass thefts have happened since most aren't reported.