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Top News & Analysis United States

  • *Company was seeking offers over $35 per share* Ancestry shares trading below $30 By Greg Roumeliotis and Soyoung Kim. NEW YORK, Oct 2- Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc.

  • Oct. 2- Both the Canadian Credit Card Quality Index charge-off rate and the Canadian unemployment rate remained unchanged in August from July, at 3.8% and 7.3%, respectively, said an article published today by Standard& Poor's Ratings Services, titled "Canadian Credit Card Quality Index Report: Performance Remained Relatively Flat In August 2012."

  • WASHINGTON, Oct 2- Abbott Laboratories Inc. must pay $700 million in fines and other costs for illegal marketing of its drug Depakote, in line with a p reviously announced settlement, the U.S. Justice Department said on Tuesday.

  • 2. "NCIS," CBS, 20.48 million. 4. "NCIS: Los Angeles," CBS, 16.74 million. 5. "The Big Bang Theory," CBS, 15.66 million.

  • WASHINGTON-- A company owned by Chinese citizens has added President Barack Obama as a defendant in a lawsuit alleging the U.S. government exceeded its authority in blocking the firm's planned wind farm projects in Oregon near a Navy base.

  • Shares of Chipotle Mexican Grill Inc. plunged Tuesday after well-known hedge fund manager David Einhorn reportedly said that the burrito chain is facing increasing competition from Taco Bell as well as higher costs. THE SPARK: Einhorn, who runs Greenlight Capital, was speaking at the Value Investing Congress, an investor conference, in New York Tuesday.

  • BOSTON-- Shares of MSCI Inc. plunged in afternoon trading Tuesday after a key index-licensing customer, Vanguard Group, said that some of its mutual funds will drop MSCI as the provider of market benchmarks that the funds track.

  • Vice President Joe Biden told a campaign rally on Tuesday that the middle class has been buried for the past four years, just longer than President Barack Obama's time in the White House.

  • WASHINGTON, Oct 2- Firms responsible for the 2008 financial crisis will face more government lawsuits, federal and state officials said on Tuesday, a day after New York state sued JPMorgan Chase& Co for fraud over mortgage-backed securities packaged and sold by Bear Stearns.

  • LAS VEGAS, Oct 2- A Nevada judge on Tuesday ruled against dissident Wynn Resorts Ltd shareholder Kazuo Okada's motion for an injunction against a forced redemption of his 20 percent stake in the casino company. The ruling means Okada would not be able to vote at the company's upcoming annual meeting, where he wanted to nominate two board members.

  • Oct. 2- Standard& Poor's Ratings Services today assigned its' B-' issue rating to DAE Aviation Holdings Inc.' s proposed $520 million secured term loan due 2018. Standard& Poor's assigned a' 3' recovery rating to the loan, indicating that we expect lenders will receive a meaningful recovery in the event of payment default.

  • *Brazil's Somar: flowering bodes well for 2013 coffee crop. NEW YORK/ LONDON, Oct 2- Arabica coffee futures soared nearly 4 percent to a 10- week high on Tuesday, on heavy short-covering prompted by concerns of dry weather in top grower Brazil, while raw sugar extended the previous session's steep gains.

  • Many thought Ted Turner's idea to start the network was "crazy," said Robert Sorcher, who worked there for its first five years. He said critics didn't understand Turner Broadcasting Systems' $320 million purchase of the Hanna-Barbera library or earlier acquisition of the MGM film library, which includes "Tom& Jerry."

  • November crude fell 59 cents, or 0.64 percent, to settle at $91.89 a barrel, having reached $92.94 before falling to $91.78 in post-settlement trading.

  • HERNDON, Va.-- Volkswagen of America Inc. said Tuesday that U.S. auto sales in September rose 34.4 percent, its best showing for that month since 1972, largely on strong sales of its Passat sedans. BY THE NUMBERS: VW sold 36,339 vehicles last month, compared with 27,036 in September 2011.

  • It's not just a matter of keeping up with the times, Duncan said in remarks to the National Press Club. South Korea, which consistently outperforms the U.S. when it comes to educational outcomes, is moving far faster than the U.S. in adopting digital learning environments.

  • DETROIT-- General Motors Co. said Tuesday that its September U.S. sales rose 1.5 percent as a big jump in car sales was offset by falling truck sales. BY THE NUMBERS: Detroit- based GM sold a total of 210,245 vehicles last month, up from 207,145 in the same month last year.

  • NEW YORK, Oct. 2- U.S. retail gasoline demand fell over the past two weeks and continued a downward year-on-year trend, according to the bi-weekly SpendingPulse report from MasterCard released on Tuesday. Gasoline use in the world's top oil consumer dropped 0.9 percent over the two weeks ending Sept. 28, compared with the same period last year, MasterCard said.

  • WELLINGTON, Oct 3- International milk prices fell for the first time in two months, New Zealand's Fonterra Cooperative Group, the world's biggest dairy exporter, said on Wednesday. Fonterra is owned by about 10,500 farmers and controls around a third of the world's dairy exports, generating more than 7 percent of New Zealand's gross domestic product.

  • ST. CHARLES, Mo.-- The former president of US Fidelis has been sentenced to eight years in prison on state charges of stealing and fraud. Darain Atkinson was sentenced Monday in St. Charles. The 47- year-old co-founded the auto service contract seller with his 42- year-old brother, Cory Atkinson.