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Top News & Analysis United States


  • Chief Executive Tim Cook apologized Friday to customers frustrated with glaring errors in its new Maps service and, in an unusual move for the consumer giant, directed them to rival services such as Google Inc's Maps instead. **MICROSOFT CORP, Friday close $29.76, down 0.20 pct premarket. RBC and Jefferies& Co both reduced their price targets on Microsoft's stock.

  • BRIEF-Goldman Sachs shares rise on Barron's view Monday, 1 Oct 2012 | 7:29 AM ET

    NEW YORK, Oct 1- Goldman Sachs Group Inc:.

  • Mattress Firm shareholders plan offering Monday, 1 Oct 2012 | 7:26 AM ET

    HOUSTON-- Bedding company Mattress Firm Holding Corp. says some of its stockholders are planning to sell about 4.7 million shares of the company's common stock. Mattress Firm said Monday that it is not selling any shares in the proposed offering. The Houston company went public in November 2011 at $19 per share.

  • Oct 1- AECOM Technology Corp:. *Awarded design contract to expand north metro rail line in Denver. *Says value of AECOM's contract was not disclosed.

  • WARSAW, Oct 1- Brokerage houses in Warsaw are scaling back operations and in some cases could leave altogether because the boom in stock-market listings that helped them escape blood-letting in other financial hubs is fizzling out.

  • By Jilian Mincer and Steven C. Johnson. NEW YORK, Sept 30- U.S. stocks have more than doubled since the financial crisis and are closing in on a five-year high, but many Main Street investors have been absent from the party- especially those with the least saved.

  • LOS ANGELES, Oct 1- Lawyers for dissident Wynn Resorts shareholder Kazuo Okada's will urge a Nevada court on Tuesday to overturn the casino company's forced redemption of the Japanese billionaire's $2.7 billion stake, a ruling which would allow him to vote at its Nov. 2 shareholder meeting to unseat two board members.

  • *Chicago Fed warned of need for "kill switch" in 2010* SEC can't impose limits on HFT without consensus-official* Some traders are trying to build HFT-free trading zone* Retail investors looking for SEC to lead on HFT reform By Emily Flitter and Sarah N. Lynch. Only now is the SEC getting around to taking a closer look at some of those issues.

  • Ahead of the Bell: Wendy's downgraded Monday, 1 Oct 2012 | 6:57 AM ET

    NEW YORK-- An analyst lowered his rating on Wendy's Co. on Monday, saying that he has concerns that a key revenue metric may disappoint in the third quarter.

  • Cal-Maine posts improved 1st-qtr on higher pricing Monday, 1 Oct 2012 | 6:53 AM ET

    Oct 1- U.S. egg supplier Cal-Maine Foods Inc. Cal-Maine posted a first-quarter profit of $9.4 million, or 39 cents per share, up from $3.1 million, or $13 cents per share, a year earlier. Jackson, Mississippi- based Cal-Maine's shares closed at $44.94 on Friday on the Nasdaq.

  • UPDATE 3-Oil slips on weak global economies Monday, 1 Oct 2012 | 6:45 AM ET

    LONDON, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns that a shaky global economy may hurt oil demand following fresh signs of weakness in China and Japan and evidence of a new recession in the debt-saddled euro zone.

  • European markets rise but Spain downgrade looms Monday, 1 Oct 2012 | 6:43 AM ET

    LONDON-- European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10.

  • A glance at unemployment rates around the eurozone Monday, 1 Oct 2012 | 6:43 AM ET
  • SINGAPORE, Oct 1- The Asian naphtha price was at a two-session low of $973 a tonne on Monday but margins were up for the fourth session to reach a three-week high of $134.43 a tonne as strong gasoline demand in the West continued to support the market. The strong gasoline demand in the U.S. and West Africa have likely caused Europe to cut back on its naphtha exports.

  • *Price to hold steady ahead of U.S. jobs numbers* Platinum firm; unrest in South Africa continues By Amanda Cooper. LONDON, Oct 1- Gold steadied just below one-week highs on Monday, after posting its strongest quarterly gain in over two years, and looked set to hold fairly firm ahead of a key U.S. report on employment later this week.

  • Ahead of the Bell: US Manufacturing Survey Monday, 1 Oct 2012 | 6:16 AM ET

    WASHINGTON-- U.S. manufacturing likely shrank in September for the fourth straight month, a troubling sign that growth will stay weak. Economists surveyed by FactSet forecast that the Institute for Supply Management's manufacturing index was unchanged at 49.6. Europe's financial crisis has plunged much of that region into recession.

  • KABUL, Oct 1- Afghan journalists are claiming a small victory in their battle for press freedom after the government agreed to some softening of media restrictions, industry representatives said on Monday. The Ministry of Information and Culture agreed to five of 19 changes suggested by journalists.

  • Egypt finmin says IMF delays loan talks - paper Monday, 1 Oct 2012 | 5:52 AM ET

    CAIRO, Oct 1- The IMF has delayed sending a team to Cairo to negotiate a $4.8 billion loan while the Egyptian government works to complete its economic reform programme, a newspaper quoted the country's Finance Minister as saying. Egypt was due to receive a team from the International Monetary Fund at the end of September to discuss the terms of the loan.

  • LONDON, Oct 1- Private equity investor KKR. Other private equity firms have been active in the sector too, with Apollo leading a consortium to buy El Paso Corp's oil and gas exploration business in February. Morgan Cazenove and Simmons& Company International jointly advised First Reserve and Acteon while HSBC advised KKR.

  • By Rieka Rahadiana and Neil Chatterjee. JAKARTA, Oct 1- Indonesian exports and imports fell the most in three years in August, suggesting weakening third quarter growth for Southeast Asia's biggest economy that is likely to lead the central bank to keep benchmark interest rates at a record low all year.