Athene was placed on Rating Watch Negative on July 13, 2012 following the company's announcement that it would be acquiring Presidential Life Corporation, and its wholly owned subsidiary, Presidential Life Insurance Company.
NEW YORK-- Shares of Cell Therapeutics Inc. jumped Tuesday after the company said the Food and Drug Administration awarded orphan drug incentives to its brain cancer drug Opaxio. Cell Therapeutics is studying Opaxio as a treatment for glioblastoma, the most common type of brain cancer.
FRANKFURT/ NEW YORK, Oct 2- Deutsche Telekom's. Deutsche Telekom declined to comment, while MetroPCS was not immediately available for comment.
NEW YORK, Oct 2- Hedge fund manager David Einhorn again made critical comments about Green Mountain Coffee Roasters Inc, a stock in which he publicly unveiled a short position a year ago. Einhorn, one of the biggest draws at the Value Investing Congress in New York on Tuesday, said he would discuss four investment ideas.
NEW YORK, Oct 2- Green Mountain Coffee Roasters Inc:.
NEW YORK-- ArQule Inc. stock lost more than half its value in Tuesday trading after the company said it stopped a clinical trial of its cancer drug tivantinib because the therapy was not improving survival in lung cancer patients.
The investigation, one of the several involving the company, was initiated in 2005 and covered DaVita's joint ventures, financial relationships with physicians and services provided to patients, and included the administration and billing of DaVita's anemia drug, Epogen.
*Vanguard says $537 bln of assets will be switched* MSCI says $24 mln of annual operating income affected. Oct 2- Vanguard Group, the largest U.S. mutual fund manager on Tuesday said it was switching 22 of its biggest index funds away from benchmarks provided by MSCI Inc in order to cut costs.
*New York sues JPMorgan over Bear Stearns mortgage products. *PetSmart to replace Sunoco in the S&P 500 index. If Madrid were to seek a rescue, it would trigger European Central Bank buying of its bonds and help to ease U.S. investors' nervousness about the euro zone's impact on the U.S. economy.
NEW YORK, Oct 2- Bill Gross, founder and co-chief investment officer of bond giant PIMCO, said he sees the U.S. going the way of Greece if it does not get its fiscal house in order.
BOSTON-- Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.
NEW YORK-- Shares of Fifth& Pacific slid Tuesday after the clothing maker cut its guidance due to weak sales of Juicy Couture. THE SPARK: Fifth& Pacific Cos. lowered its profit outlook for the year late on Monday.
NEW YORK, Oct 2- MetroPCS Communications Inc:. *Shares up 15 percent, hit highest since August 2011. ( (New York Treasury Desk; Tel: 223 6300)).
The company said Tuesday that Tommy Hilfiger is doing particularly well in North America and that its planned turnaround of the Heritage Brands wholesale businesses is going better than expected. For the third quarter, PVH Corp. now anticipates adjusted earnings of $2.28 to $2.30 per share.
LONDON, Oct 2- Barclays has promoted two of its top consumer banking bosses to its executive committee as the British bank's new boss puts more focus on traditional banking after criticism of its rapid growth in higher risk investment banking.
THE HAGUE, Netherlands-- Smoked salmon tainted with salmonella has sickened hundreds of people in the Netherlands, authorities said, sparking major recalls there and in the U.S.
NEW YORK-- Stocks climbed Tuesday on Wall Street after a measure of American home prices posted the largest gain in more than six years, the latest data to indicate an improving housing market.
NEW YORK, Oct 2- U.S. natural gas futures slid nearly 2 percent early on Tuesday in some profit-taking from their five-day, nearly 23 percent run up to their highest mark this year. There are a lot of nuclear plants off line and some near-term cold, but we need to see where the market stands after this cold spell, "one Texas- based trader said.
NEW YORK-- Stocks are opening higher on Wall Street after a big jump in U.S. home prices made investors more confident that the housing market is recovering. CoreLogic, a private real estate data provider, said its measure of U.S. home prices rose 4.6 percent in August from the same month a year ago, the largest year-over-year increase in more than six years.
*Spain bailout talk, Australia rate cut weigh. However, European officials say Germany has signal led Spain should hold off. An aid request from Spain would pave the way for the European Central Bank to buy Spanish bonds.