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Top News & Analysis United States

  • ALBANY, N.Y.-- A state judge invalidated Binghamton's two-year moratorium on natural gas drilling, marking the first time a local law that would ban or delay hydraulic fracturing in New York has been struck down.

  • WASHINGTON-- Washington's Pennsylvania Avenue, sometimes called "America's Main Street," is being listed among the nation's endangered landscapes because of neglect and deferred maintenance by the National Park Service.

  • *Benchmark euro interbank rates hit record lows. ADVISORY- Reuters plans to discontinue its daily report on the money markets in New York as of Oct. 15.

  • Light synthetic crude for November delivery last sold for $9.75 a barrel over benchmark West Texas Intermediate, compared with $12 a barrel over WTI on Tuesday, according to Shorcan Energy Brokers. November Western Canada Select heavy blend was quoted at $11 a barrel under WTI, an 80- cent wider discount than on Tuesday.

  • Markets Focused on the Election?

    Discussing the upcoming elections, and how the markets could react to a Romney or an Obama win, with Peter Boockvar, Miller Tabak, and Art Hogan, Lazard Capital Markets.

  • *Illumina machine turns around diagnosis in two days in pilot study. Stephen Kingsmore, director of the Center for Pediatric Genomic Medicine at Children's Mercy medical center in Kansas City, Missouri, whose study was published in the journal Science Translational Medicine.

  • Union negotiators say workers and Connecticut Light& Power are still far apart on staffing and overtime issues and rejection of the proposed four-year agreement will automatically authorize a strike, though a work stoppage is by no means certain.

  • LOS ANGELES-- Netflix Inc. shares rose Wednesday after an analyst said customer satisfaction is on the rise following the price hike last year that irked subscribers. Internet users, including about half that either had a Netflix subscription or are currently subscribers.

  • SEATTLE-- Alaska Airlines' parent company said Wednesday that its traffic rose 5.1 percent last month as its number of available seats grew. Alaska, which is run by Alaska Air Group Inc., reported a 5 percent increase in capacity compared with a year earlier. Alaska Air Group shares rose 88 cents, or 2.5 percent, to $36.56 in afternoon trading.

  • NEW YORK-- Best Buy Co.' s shares climbed Wednesday because of a report indicating that its founder and former chairman Richard Schulze is making some headway with his potential buyout offer of the electronics retailer.

  • ST. PAUL, Minn.-- Office products maker 3 M Co. on Wednesday announced a reorganization that reduces the number of its major business segments to five from six. St. Paul, Minn.- based 3 M said that under its new structure its business segments will be consumer, industrial and health care, along with its newly formed safety& graphics and electronics& energy divisions.

  • Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.

  • * "In Sunlight and In Shadow" focuses on old New York. NEW YORK, Oct 3- Listening to novelist and political commentator Mark Helprin recount his life is a bit like listening to Forrest Gump- an eloquent, New York- born Forrest Gump. It matches his previous novels in scope and length and carries on the author's fascination with old New York.

  • U.S. stocks advanced on Wednesday after stronger-than-expected employment and service-sector data in the United States. But a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares. **SAREPTA THERAPEUTICS INC, $41.60, up 177 pct.

  • CORNING, N.Y.-- Corning Inc. said Wednesday that it is increasing its quarterly dividend by 20 percent. The glass and ceramics company will pay a dividend of 9 cents Dec. 14 to shareholders of record Nov. 16. Shares of the Corning, N.Y.- based company increased 21 cents to $13.45 in afternoon trading.

  • Oct 3- The outbreak of West Nile virus that has hit Texas and other states remains on pace to make 2012 the second-worst year on record for the disease in the United States, with another 424 cases and 16 deaths reported last week, government figures showed on Wednesday.

  • Oct 3- Coatings and sealants maker RPM International Inc raised its profit and sales growth forecast for 2013 on recent acquisitions and growth expectations in North America. The company, which has manufacturing facilities in 20 countries outside the United States, acquired three companies during the first four months of the year, it said.

  • The groups have joined with the influential Working Families Party to meet Thursday in Manhattan to force a trade-off for public financing of campaigns in exchange for pay raises sought by legislators.

  • John Lynch has announced a cut in the unemployment insurance tax paid by 40,000 New Hampshire employers of. 5 percent. The reduction applies to taxable wages paid to employees during the fourth quarter of 2012, which started Monday. A second reduction is expected to go into effect Jan. 1.

  • NEW YORK-- Shares of Amarin Corp. PLC slipped Wednesday after a Wedbush analyst downgraded the stock, saying he thinks the chances of Amarin being acquired by a larger drugmaker are decreasing.