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Top News & Analysis New York City

  • NEW YORK-- The price of oil is falling on expectations that China is less likely to roll out a stimulus program for its improving economy. U.S. benchmark oil fell 94 cents, or 1 percent, to $91.18 a barrel in morning trading. Brent crude, which many U.S. refiners use to make gasoline, fell $1.42, or 1.3 percent, to $111.80 in London.

  • NEW YORK-- Morgan Stanley reported higher revenue and net income for its third quarter Thursday thanks to gains in its bonds and asset management businesses. Excluding an accounting charge, the bank earned $535 million for common shareholders in July to September, up from $39 million a year ago.

  • NEW YORK-- A new exhibition is hailing the fashion sense of Katharine Hepburn, whose trademark khakis and open-collar shirts were decidedly unconventional in the 1930 s and 40 s, when girdles and stockings were the order of the day.

  • NEW YORK-- The Pulitzer Prize-winning playwright of " Clybourne Park" says he recently withdrew permission for a Berlin theater company to produce the play after learning that one of the actors would perform the roles in blackface.

  • BOSTON-- Massachusetts Auditor Suzanne Bump is urging the state to tighten up oversight of its MassHealth program.

  • NEW YORK-- Mayor Michael Bloomberg will spend at least $10 million of his personal fortune promoting moderate candidates around the country in the final weeks before Election Day, he announced Wednesday, adding himself to the list of wealthy Americans pouring millions of dollars into the 2012 election.

  • NEW YORK-- The stock market headed slightly lower on Thursday, following a leap in claims for unemployment benefits and weak results from American Express. The increase suggested that layoffs were increasing, however the Labor Department noted that there were technical reasons behind the swing, mainly delayed figures from one large state, California.

  • LOS ANGELES-- The Beverly Hilton's International Ballroom will soon be filled with flowers, chiffon, fine china and crystal stemware for a starry black-tie ball costing couples as much as $20,000 to attend.

  • On Tuesday, the NHL made its strongest, and most public, pitch yet to save a full season. "I hope we can get going ASAP," Red Wings defenseman Niklas Kronwall told The Associated Press on Wednesday. " Fehr met with the union to formulate a response, and in a letter to players and agents said the management plan would cost his members more than $1.6 billion over six years.

  • NEW YORK-- The Big East and The Madison Square Garden Co. have agreed to a multiyear extension of their contract that will keep the conference's postseason tournament in New York City. Madison Square Garden has been the home of the Big East tournament since 1983, making it the longest running conference tournament held at the same site in college basketball.

  • NEW YORK-- Grocery store operator Supervalu lost money in its latest quarter, but the struggling company said it is in active discussions with several parties over a possible deal. Supervalu fired its CEO in July, replacing him with Chairman Wayne Sales to lead its turnaround effort.

  • NEW YORK-- Stock futures slipped Thursday as companies including Verizon, Morgan Stanley and Southwest Airlines posted mixed quarterly earnings, and the Labor Department posted the latest numbers on unemployment benefits. Also Thursday, China reported that growth fell to 7.4 percent from 7.6 percent a year ago, the weakest showing since early 2009..

  • The FBI arrested 21- year-old Quazi Mohammad Rezwanul Ahsan Nafis on Wednesday after he tried to detonate a fake 1,000- pound car bomb, according to a criminal complaint. "My son can't do it," his father, Quazi Ahsanullah, said as he wept in his home in the Jatrabari neighborhood in north Dhaka.

  • NEW YORK-- A Bangladeshi man snared in an FBI terror sting considered targeting President Barack Obama and the New York City Stock Exchange before settling on a car bomb attack on the Federal Reserve, just blocks from the World Trade Center site, a law enforcement official told The Associated Press on Thursday.

  • The Nielsen company said 67 million people watched the first debate a week earlier. NBC had 13.8 million viewers, more than any other network, with ABC second at 12.5 million, Nielsen said. CBS had 8.9 million viewers for the debate, CNN had 5.6 million, MSNBC had 4.9 million and the Fox broadcast network had 4.6 million, Nielsen said.

  • RALEIGH, N.C.-- The Democratic National Convention relied on at least $5 million in corporate donations, despite repeated pledges by top party officials only to use money raised from individuals.

  • NEW YORK-- A former stockbroker charged with defrauding a fledgling Broadway production was held without bail Wednesday after a prosecutor called him a "considerable threat" to the community.

  • AMSTERDAM-- In Hollywood movies, heists usually feature criminals who plan meticulously and use high-tech equipment to avoid detection. But the thieves who snatched seven paintings by Picasso, Matisse and Monet worth millions from a gallery in Rotterdam appear to have taken a less glamorous approach, relying mostly on speed and brute force.

  • John Freedson, a producer of the off- Broadway musical revue that hilariously tweaks Broadway shows and stars, said Wednesday that its run will be extended through April 28.

  • NEW YORK-- Martha Stewart and her American Made project turned Grand Central Terminal's Vanderbilt Hall into a hub of crafts, croissants and conversation on Wednesday with experts in the areas of gardening, decorating, cooking and fashion.