Articles by NYSE
Washington Bends Logic Into Mobius Strip To Show Profit On AIG Bailout
September 12 2012 1:40 PM EDT
The U.S. government went into a full-throated propaganda offensive Tuesday in an effort to show that the highly controversial 2008 bailouts of American International Group, Inc. (NYSE: AIG) were profitable.
BAE Systems Soars 11% On Talk Of Tie-Up With Airbus Parent EADS
September 12 2012 1:31 PM EDT
U.K. defense contractor BAE Systems PLC (PINK: BAESY) said it's in talks with European Aeronautic, Defence & Space Co., the parent of Airbus SAS, about a possible merger that would create a European counterweight to U.S. companies including The Boeing Company (NYSE: BA).
Apple Introduces iPhone 5, Refreshes Year-old Product Line
September 12 2012 1:29 PM EDT
Apple (Nasdaq: AAPL), the world's most valuable technology company, introduced its iPhone 5, the successor to the best-selling iPhone 4S, on all three major U.S. carriers, AT&T Inc. (NYSE: T), the Verizon Wireless unit of Verizon Communications (NYSE: VZ) and Sprint-Nextel (NYSE: S).
Merck Borrowing $2.5 Billion For Pension Fund, Debt Service
September 12 2012 1:26 PM EDT
Merck & Co., Inc. (NYSE:MRK), the Whitehouse Station, N.J.-based pharmaceutical giant, is borrowing about $2.5 billion to service corporate and contribute to its pension fund.
Apple Shares Open Tepidly Ahead of iPhone 5 Debut
September 12 2012 9:55 AM EDT
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, rose $2.04 to $662.63, Wednesday in advance of the expected announcement of the iPhone 5 at a product introduction in San Francisco, which isn’t scheduled until late morning.
Facebook Shares Vault After Zuckerberg’s Mea Culpa
September 12 2012 8:59 AM EDT
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, vaulted 6 percent in pre-market Wednesday trading following CEO Mark Zuckerberg’s acknowledgement of “disappointing” performance since the highly touted May 17 initial public offering.
OPEC Oil Output Climbs to 31.54 Million Barrels per Day
September 12 2012 3:54 AM EDT
Crude oil output from the Organization of Petroleum Exporting Countries (OPEC) climbed by 90,000 barrels per day (b/d) in August to 31.54 million b/d as increases from Angola, Iraq, Nigeria and the United Arab Emirates (UAE) outstripped decreases from Algeria and Iran, a Platts survey of OPEC and oil industry officials and analysts showed Tuesday. This follows July production of 31.45 million b/d and leaves OPEC overproducing its 30 million b/d ceiling by 1.54 million b/d.
Top After-Market NYSE Movers (AU Optronics, Genco Shipping, Beazer Homes, Air Lease, Teekay Offshore, Vanguard, Pilgrim's, Swift Transport)
September 12 2012 1:02 AM EDT
The top after-market NYSE gainers Tuesday were AU Optronics, Genco Shipping & Trading, Beazer Homes USA, Air Lease Corp and EnergySolutions Inc. The top after-market NYSE losers were Teekay Offshore Partners, Vanguard Natural Resources, Pilgrim's Pride Corp, Swift Transportation and General Growth Properties.
A Decade Later, Airlines Could Lose Billions In 9/11 Lawsuit
September 11 2012 5:49 PM EDT
Damages in a lawsuit filed against American Airlines (PINK:AAMRQ), United Airlines (NYSE:UAL) and other companies in connection to the Sept. 11, 2001, terrorist attacks could total upward of $2.8 billion.
Trade Magazines Struggle To Stay Relevant: Why Digital May Not Be The Only Answer
September 11 2012 4:23 PM EDT
Once indefensible, industry trades have seen their influence diminish in recent years. Trade magazines such as Variety, the Hollywood Reporter, Backstage and Advertising Age have all tried different ways to cope with a migration of readers from print to the Web.
Flat Burberry Sales Pull High-End Brands Down
September 11 2012 2:43 PM EDT
After London-based Burberry Group PLC (LON: BRBY) reported flat comparable-store sales for its second quarter, market watchers are trying to digest cross signals in the luxury goods market.
Apple’s iPhone5 Intro: 5 Things That May Go Wrong
September 11 2012 1:01 PM EDT
Apple (Nasdaq: AAPL) is expected to debut the iPhone 5 on Wednesday but there are at least five pitfalls that could endanger the company's huge success in the market. Here they are.
Kodak: With Firings, Asset Sales, Company Should Emerge Trimmer, Expert Says
September 11 2012 12:10 PM EDT
Eastman Kodak (Pink: EKDKQ) will win court approval to ax more people and sell units, a veteran bankruptcy lawyer said. But it won't get anything near full price for the units as well as for 1,100 patents that interest Apple (Nasdaq: AAPL) and Google (Nasdaq: GOOG) because of the stain of bankruptcy.
South Africa Mining Strikes Spread
September 11 2012 11:39 AM EDT
The world's second-largest platinum producer said striking South African miners are demanding another 8 to 10 percent pay hike like the one they received in April that ended a six-week strike.
Kindle Fire HD Will Offer Opt-Out For Ads: Is Amazon Moving Towards A Freemium Model For Its Hardware?
September 11 2012 11:34 AM EDT
Amazon.com Inc. is reversing its decision announced just last week with the unveiling of its new HD line of Kindle Fires to supplement the devices' low cost with ad-based support. In a statement emailed to the press, Amazon said that it will now give customers the option to opt out of advertisements for a premium price of $15. The decision reflects a growing need to slash hardware prices and monetize users in other, more creative ways in what is becoming a fiercely competitive tablet marketpl...
Volt A 'Technology Masterpiece,' Not A Loss-Leader: Bob Lutz, Former GM Exec
September 11 2012 11:04 AM EDT
A former high-level General Motors Company (NYSE: GM) executive -- widely considered to be the godfather of the company's foray into electric-vehicle production --struck back Tuesday at the assertion the carmaker might be losing nearly $50,000 on each one of the signature Volt plug-in vehicles the firm has sold so far.
Royal Philips Electronics To Cut 2,200 More Jobs By 2014
September 11 2012 9:26 AM EDT
Royal Philips Electronics NV, the largest maker of lights, said Tuesday it plans to cut another 2,200 jobs by 2014 to save €300 million ($383 million) a year as economic conditions deteriorate.
Top After-Market NYSE Movers (Calix, Nam Tai, Freescale, Harbinger, Northern Tier, Palo Alto, El Paso Pipeline, Sun Communities, General Growth)
September 11 2012 1:19 AM EDT
The top after-market NYSE gainers Monday were Calix, Inc, Nam Tai Electronics, Freescale Semiconductor, Harbinger Group and Northern Tier Energy LP. The top after-market NYSE losers were Palo Alto Networks, El Paso Pipeline Partners LP, Sun Communities, EnergySolutions Inc and General Growth Properties, Inc.
Steam 'Big Picture Mode' Enters Beta: What This Means For Valve's Future Hardware
September 10 2012 4:18 PM EDT
Following a slew of announcements about Valve Corporation expanding beyond game development and distribution into general software and hardware possibilities, Steam is officially releasing a beta version of its "Big Picture Mode" today. Showing a sleek and innovative approach to a television-based user interface, the new version of Steam raises questions about the future of PC game development.
EU Market For Cars Backfires As VW Cuts Sales Guidance
September 10 2012 3:47 PM EDT
Volkswagen AG (PINK: VLKAY) cuts its internal European 2012 annual sales guidance by 150,000 vehicles, according to German news magazine Der Spiegel, Reuters reported.