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Top News & Analysis United States


  • Antares shares fall on planned stock sale Tuesday, 2 Oct 2012 | 5:36 PM ET

    EWING, N.J.-- Shares of Antares Pharma Inc. fell more than 9 percent in after-hours trading Tuesday after the drugmaker said it plans to sell more of its stock. The company also said Tuesday that it received a $750,000 milestone payment from its partner Pfizer Inc.. Shares of Antares Pharma fell 41 cents, or 9.3 percent, to $3.99 in aftermarket trading.

  • Hallmark Cards to close Topeka, Kan., plant Tuesday, 2 Oct 2012 | 5:34 PM ET

    TOPEKA, Kan.-- Hallmark Cards Inc. will close its Topeka manufacturing plant and shed about 300 jobs as it consolidates its Kansas operations at its remaining facilities in Lawrence and Leavenworth, the company announced Tuesday.

  • --U.S. health care-related educational services provider Ascend Learning's profitability has been weak, and we expect EBITDA margins will remain under pressure. --We are lowering our corporate credit rating on the company to' B-' from' B'.

  • *Toyota Canada sales rise 21.9 pct, Honda stronger* Ford Canada sales down 8 pct, Chrysler up 2 pct* Ford retains top sales position* GM sales rise 12 pct.

  • Analyst: iPhone 5 demand 'unfazed' by map concerns Tuesday, 2 Oct 2012 | 5:25 PM ET

    NEW YORK-- Problems with Apple Inc.' s new maps feature have been well publicized and reported over the past week, but Sterne Agee analyst Shaw Wu says demand for the iPhone 5 remains "robust." Apple released an update to its iPhone and iPad operating system last month that replaced Google Maps with Apple's own map application.

  • NEW YORK, Oct 2- Oil prices fell in choppy, light trading on Tuesday, pressured by the outlook for weak economic growth and petroleum demand, even as the risk of potential crude supply disruptions limited losses. "Profit taking out of gasoline had a significant influence on market tone today," said Timothy Evans, energy analyst at Citi Futures Perspective in New York.

  • In the past two weeks, customers of top U.S. banks including Bank of America Corp, JPMorgan Chase& Co, Wells Fargo& Co, U.S. Bancorp and PNC Financial Services have reported having trouble accessing their websites, as unusually high traffic volumes appeared to crash or slow down the systems.

  • Senator blames Geithner for costly suits over Libor Tuesday, 2 Oct 2012 | 5:18 PM ET

    Grassley's letter comes as the Justice Department, Commodity Futures Trading Commission and the United Kingdom's Financial Services Authority continue to probe whether banks colluded to manipulate the London interbank offered rate, which underpins trillion of dollars in contracts and loans-- from U.S. mortgages to Japanese interest-rate swaps.

  • LA council votes to repeal pot dispensary ban Tuesday, 2 Oct 2012 | 5:16 PM ET

    LOS ANGELES-- The Los Angeles City Council reversed course Tuesday and repealed a ban on pot shops that it passed just two months ago to shutter hundreds of medical marijuana storefronts. Many cities have struggled with medical marijuana ordinances, but none has had a bigger problem than Los Angeles, where pot shops have proliferated.

  • InterMune says Canada approves lung-disease drug Tuesday, 2 Oct 2012 | 5:16 PM ET

    BRISBANE, Calif.-- InterMune Inc. said Tuesday that Canadian regulators approved its lung-disease drug Esbriet. InterMune said Health Canada approved Esbriet as a treatment for mild-to-moderate idiopathic pulmonary fibrosis in adults.

  • NYMEX-Crude ends lower as economic concerns pressure Tuesday, 2 Oct 2012 | 5:11 PM ET

    NEW YORK, Oct 2- U.S. crude futures fell on Tuesday in choppy, light-volume, trading as concerns about slowing economic growth and curbed demand for petroleum weighed on oil prices and countered supportive concerns about the risk of supply disruptions. Falling RBOB gasoline futures settled 1.74 percent lower and provided additional pressure on crude futures.

  • NEW YORK, Oct 2- Five former employees of Bernard Madoff, charged with helping the conman run a multibillion-dollar Ponzi scheme over several decades, will have their chance to fight the allegations at trial in a year's time.

  • American says installation job caused seat snafu Tuesday, 2 Oct 2012 | 5:07 PM ET

    The first sign of trouble showed up last Wednesday, when crews noticed loose seats on a plane that had flown from Dallas-Fort Worth International Airport to Vail, Colo. The seats were tightened again that day in Boston. The same plane had to make an emergency landing Monday when seats came loose shortly after takeoff on a New York- to- Miami flight.

  • Oracle's Ellison: focus on Cloud, not acquisitions Tuesday, 2 Oct 2012 | 5:06 PM ET

    BOSTON/ SAN FRANCISCO, Oct 2- Oracle Corp CEO Larry Ellison said the company will focus on driving organic growth through a new suite of cloud computing software versus pursuing major acquisitions for now, though he would not rule out a big deal "down the road."

  • *Associates working at fry's food stores and smith's food in Arizona ratified. new labor agreement with ufcw local 99. Phoenix, Tucson, and throughout Arizona.

  • TEXT-Fitch cuts Tenet Healthcare notes to 'B-/RR5' Tuesday, 2 Oct 2012 | 5:03 PM ET

    Oct 2- Fitch Ratings has assigned the following ratings for Tenet Healthcare Corp.' s. The ratings apply to approximately $4.9 billion of debt at June 30, 2012.

  • Stock Pops & Drops Tuesday, 2 Oct 2012 | 5:00 PM ET
    Stock Pops & Drops

    The Fast Money traders take a look at today's biggest market movers.

  • *G-Resources, latest miner to be hit by protests, halts operations. *Indonesia gold output seen to fall in 2012, but to recover to 2011 level in 2013.

  • October: The Best Month to Own Apple? Tuesday, 2 Oct 2012 | 5:00 PM ET
    October: The Best Month to Own Apple?

    The Fast Money traders and CNBC's Herb Greenberg discuss how to play Apple this October.

  • *Orkin acquires portions of hulett environmental services. *Orkin says the transaction was for an undisclosed sum. *Orkin LLC- other Hulett branches in south Florida will remain with the Hulett.