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Top News & Analysis New York City

  • The price of oil is falling after TransCanada reaffirmed plans to restart a pipeline this weekend that carries crude from Canada to the Midwest. TransCanada closed the 2,100- mile pipeline Wednesday after tests showed possible safety issues.

  • NEW YORK-- Chipotle's stock is taking a big hit from investors worried that years of lightning-fast growth are over. Chipotle shares closed down 15 percent, or $42.93, at $243. Late Thursday, Chipotle Mexican Grill Inc. said its third-quarter revenue and net income both grew.

  • FORT LAUDERDALE, Fla.-- A third person has pleaded guilty in South Florida federal court to taking part in a $39 million mortgage fraud scheme. Juan Carlos Sanchez of New York, N.Y. pleaded guilty Thursday to mail and wire fraud conspiracy charges. Trial for the other defendants is scheduled for January 14 in Fort Lauderdale federal court.

  • KEY WEST, Fla.-- Delta Air Lines Inc. and U.S. Airways are planning to begin nonstop seasonal service between Key West and both New York City and Washington D.C. in time for the Christmas travel season. U.S. Airways is a unit of US Airways Group Inc..

  • NEW YORK-- A growing number of New York City Democrats aren't sure whom to back in next year's mayoral race, but City Council Speaker Christine Quinn still comes out ahead of several likely primary rivals, a new poll showed Thursday.

  • The survey was conducted by the Marist Institute for Public Opinion on behalf of the Municipal Art Society of New York. When asked which of New York City's five boroughs was the best place to start a new business, 44 percent of those polled picked Manhattan, while 62 percent thought it was the most artistic or creative borough.

  • NEW YORK-- Poor earnings reports from three companies in the Dow Jones industrial average _ Microsoft, General Electric and McDonalds _ sent indexes down sharply Friday, marking a sour end to an otherwise strong week in the stock market. McDonald's led a broad drop in the Dow, falling 3 percent.

  • NEW YORK-- Cooper Industries' third-quarter profit rose 18 percent with the electrical component seeing greater demand from industrial and oil and gas markets. The company, which is being acquired by Eaton Corp., earned $188.4 million, or $1.16 per share, up from $160.2 million, or 98 cents per share, in the same quarter last year.

  • NEW YORK-- Agribusiness conglomerate Archer Daniels Midland, seeking to acquire Graincorp, said Friday that it now owns nearly 15 percent of the Australian grain handler. Archer Daniels Midland Co. purchased a 10 percent stake in GrainCorp Ltd. Thursday night, adding to its existing 4.9 percent holding.

  • NEW YORK-- Earlier this month, NBA rookie Royce White disclosed that he is afraid to fly and said he expects to travel by bus to play in at least some of the basketball games for his team, the Houston Rockets.

  • NEW YORK-- Shares of Riverbed Technology climbed more than 10 percent in premarket trading on Friday as the networking company's third-quarter results topped Wall Street's view. For the fourth quarter, Riverbed Technology foresees adjusted earnings of about 29 cents per share on revenue in a range of $230 million to $236 million.

  • NEW YORK-- Ingersoll-Rand PLC said Friday its third-quarter net income more than tripled, helped by easy comparisons to a prior-year quarter hurt by charges related to the sale of a business.

  • NEW YORK-- Shares of SanDisk Corp. advanced in premarket trading Friday after the maker of flash-memory chips posted stronger-than-expected results for the third quarter. SanDisk's earnings and revenue declined due to lower demand for its memory chips from gadget makers.

  • NEW YORK-- Marvell Technology Group Ltd.' s stock tumbled nearly 10 percent in premarket trading Friday after the computer chip maker cut its fiscal third-quarter revenue forecast, citing weakness in the personal computer market, and said its chief financial officer resigned.

  • NEW YORK-- Shares of Google Inc. perked up in premarket trading Friday as analysts soothed investors shocked by an earnings report that dropped prematurely on Thursday. Google was supposed to release its report after the market closed Thursday, but they leaked prematurely, setting off the stock plunge.

  • By early afternoon in Europe, benchmark crude for November delivery was up 36 cents to $92.46 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, which many U.S. refiners use to make gasoline, was up 40 cents to $112.82 a barrel on the ICE Futures exchange in London.

  • This five-foot-tall character with a foam head painted with outrageous red lips, a shrill voice and a penchant for salacious details rules Puerto Rico's gossip circuit, with legions tuning into her show every afternoon ready for the latest bombshell.

  • NEW YORK-- Three small, silver spoons elegantly engraved with the words "Waldorf Astoria" have come full circle: Stolen eight decades ago by an employee of the famed hotel, they passed through two Brooklyn homes and another three in New Jersey.

  • NEW YORK-- Janney Capital Markets cited the meteoric rise in Snap-On shares this as it stepped back from its "buy" rating Friday, a day after the stock was driven to an all-time high by a stellar third quarter. Wherley did question whether Snap-on has found the most profitable use for all of next year's expected free cash flow.

  • NEW YORK-- A pair of analysts lowered estimates for Supervalu on Friday after the grocery chain reported softer-than-expected second-quarter results. On Thursday Supervalu Inc., whose chains include Albertsons, Cub Foods, Jewel-Osco and Save-A-Lot, reported a loss of 52 cents per share.