International Business News - York http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Among the stock activity stories for Wednesday, Dec. 3, from AP Financial News: NEW YORK (AP)--Shares of the Bank of New York Mellon rose Wednesday, maintaining gains even as the broader market turned negative, following an upgrade from Ladenburg Thalmann's Richard Bove to "Buy." http://www.ibtimes.com/articles/20081203/movers-roundup-bank-of-new-york-xenoport.htm Wed, 03 Dec 2008 15:25:14 EST Shares of the Bank of New York Mellon rose Wednesday, maintaining gains even as the broader market turned negative, following an upgrade from Ladenburg Thalmann's Richard Bove to "Buy." http://www.ibtimes.com/articles/20081203/bank-of-new-york-gains-on-upgrade-linked-to-suit.htm Wed, 03 Dec 2008 20:09:07 EST New York Times Co. expects the planned closure of its New York-area distribution operations in January 2009 to cost $48 million to $53 million, according to an amended Securities and Exchange Commission filing on Tuesday. http://www.ibtimes.com/articles/20081202/new-york-times-expects-charge-of-up-to-53-million.htm Tue, 02 Dec 2008 18:24:27 EST New York & Co. shares rose on Friday after the women's apparel retailer said it would buy back nearly 3.8 million shares. Shares rose 51 cents, or 37.2 percent, to close at $1.88. The stock has traded between 82 cents and $12.12 during the past 52 weeks. http://www.ibtimes.com/articles/20081128/new-york-co-shares-rise-after-repurchase.htm Fri, 28 Nov 2008 16:42:17 EST Shares of New York Times Co. rose Monday as an analyst welcomed the newspaper publisher's dividend cut, saying it will help the company's funding needs over the next four quarters. http://www.ibtimes.com/articles/20081124/analyst-upgrades-following-ny-times-dividend-cut.htm Mon, 24 Nov 2008 11:18:30 EST Betting is down at New York's horse tracks and Off-Track Betting parlors this year amid the weak economy. The amount of money bet on races, called handle, is down 4 percent to $527 million through October at New York's thoroughbred and harness tracks compared to the same period last year. That was driven largely by a 4 percent drop at New York's three thoroughbred tracks, Aqueduct, Belmont and Saratoga, as well as decreases at seven of eight harness tracks, according to figures from the state Racing and Wagering Board. http://www.ibtimes.com/articles/20081121/ny-horse-tracks-otbs-stumble-amid-weak-economy.htm Fri, 21 Nov 2008 14:25:19 EST A Deutsche Bank North America analyst cut New York Times Co.'s price target Friday after the newspaper publisher slashed its quarterly dividend by 74 percent. http://www.ibtimes.com/articles/20081121/ahead-of-the-bell-ny-times-price-target-cut.htm Fri, 21 Nov 2008 07:34:57 EST The Bank of New York Mellon Corp. said Thursday it will cut its worldwide work force by 4 percent, or about 1,800 jobs, blaming the weak global economy. http://www.ibtimes.com/articles/20081121/bank-of-new-york-mellon-to-cut-1-800-jobs.htm Fri, 21 Nov 2008 07:18:08 EST The New York Times Co. said Thursday that total revenue in October fell 9.4 percent from a year ago, as the advertising slump worsened. Advertising revenue, which comprise nearly two-thirds of total revenue, fell by 16.2 percent while circulation revenue rose by 3.9 percent, with increases at The New York Times, and the New England and regional media groups. http://www.ibtimes.com/articles/20081120/new-york-times-october-revenue-falls-9-4-percent.htm Thu, 20 Nov 2008 20:14:30 EST The Bank of New York Mellon Corp. said Thursday it will cut its worldwide work force by 4 percent, or about 1,800 jobs, blaming the weak global economy. http://www.ibtimes.com/articles/20081120/bank-of-new-york-mellon-to-cut-1-800-jobs.htm Thu, 20 Nov 2008 19:20:26 EST The New York Times Co. is slashing its quarterly dividend by 74 percent amid a worsening advertising slump, a move that will save the company money but also curtail the income of the Sulzberger family, the controlling shareholders of the storied newspaper publisher. http://www.ibtimes.com/articles/20081120/new-york-times-co-slashes-dividend-by-74-percent.htm Thu, 20 Nov 2008 21:04:39 EST Among the earnings projection stories for Thursday, Nov. 20, from AP Financial News: NEW YORK (AP)--Retailer New York & Company Inc. said Thursday it expects to swing to a loss in the fourth quarter because of slow sales at established locations. http://www.ibtimes.com/articles/20081120/outlook-roundup-new-york-co-brady.htm Thu, 20 Nov 2008 10:44:53 EST Retailer New York & Company Inc. said Thursday it expects to swing to a loss in the fourth quarter because of slow sales at established locations. The company said it expects to report a loss between 5 cents and 20 cents per share in the quarter. In the prior-year quarter, the company recorded a profit of 18 cents per share. http://www.ibtimes.com/articles/20081120/new-york-co-expects-loss-in-4q.htm Thu, 20 Nov 2008 10:42:45 EST Retailer New York & Company Inc. said Thursday its loss narrowed in the third quarter, despite a big drop in sales at established locations. For the quarter ended Nov. 1, the company reported a loss of $7.9 million, or 13 cents per share, from a loss of $16 million, or 26 cents per share in the prior year quarter. http://www.ibtimes.com/articles/20081120/new-york-co-reports-narrower-3q-loss.htm Thu, 20 Nov 2008 09:09:09 EST The New York Times Co. has increased its estimates for how much The Boston Globe and other New England newspapers it owns have declined in value because of reductions in advertising revenue. http://www.ibtimes.com/articles/20081110/new-york-times-takes-charge-for-new-england-papers.htm Mon, 10 Nov 2008 19:09:20 EST Puerto Rico's governor-elect says he and New York Gov. David Paterson plan to enhance trade ties between the Caribbean commonwealth and the U.S. state. http://www.ibtimes.com/articles/20081110/puerto-ricos-gov-elect-to-boost-ny-trade.htm Mon, 10 Nov 2008 11:16:51 EST Even as voters in California banned same-sex marriage in a tight referendum, Tuesday's election opened the door for the same debate in New York. The pending shift in state Senate control away from Republicans removes one clear obstacle to legalizing gay marriage in New York, though opponents aren't conceding anything yet and advocates say they have work to do. http://www.ibtimes.com/data/articleimgs/170754-gay-marriage.jpg http://www.ibtimes.com/articles/20081108/ny-eyes-allowing-gay-marriage-opponents-vow-fight.htm http://www.ibtimes.com/articles/20081108/ny-eyes-allowing-gay-marriage-opponents-vow-fight.htm Sat, 08 Nov 2008 05:26:47 EST Women's apparel retailer New York & Co. said Thursday the company expects its third-quarter loss will be in the midpoint of previous guidance, sending its shares up more than 6 percent as investors welcomed the news. http://www.ibtimes.com/articles/20081106/new-york-co-narrows-3q-guidance.htm Thu, 06 Nov 2008 10:16:52 EST The New York State Department of Health has extended a contract with Computer Sciences Corp., the company said Monday, in a deal worth $322 million over three years. http://www.ibtimes.com/articles/20081103/ny-extends-computer-sciences-contact-for-3-years.htm Mon, 03 Nov 2008 11:13:03 EST In the race to replace retiring Republican U.S. Rep. Thomas Reynolds, national Democratic Party leaders backed an Iraq war veteran. That didn't deter a businessman from his third try for the seat. When he stepped in with $3 million, a heated primary was born. http://www.ibtimes.com/data/articleimgs/163728-new-york-house-race.jpg http://www.ibtimes.com/articles/20081030/ny-political-novice-hopes-to-win-us-house-seat.htm http://www.ibtimes.com/articles/20081030/ny-political-novice-hopes-to-win-us-house-seat.htm Thu, 30 Oct 2008 05:03:42 EDT