Under the hood

Latest Business News

• Stocks sail to best pre-Labor Day week in two decades

  Investors pushed U.S. stocks up for the fourth day in a row Friday, sailing into the long weekend on a high note as an encouraging jobs report sent...   4:35 PM

• Financial reform pushes Goldman Sachs to shutter proprietary trading unit

  Goldman Sachs decided to shutter its principal strategies unit, which does its proprietary trading, in the wake of financial overhaul regulation passed...   4:36 PM

• Wall St. whistleblower faces $10.7M hit

  It doesn't pay to be a Wall Street whistleblower. At least that's the lesson for former Rodman & Renshaw biotech analyst Matthew Murray, who was...   12:44 AM
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  Foodie fashionista

  While most designers frantically hem, cut and sew ahead of Fashion Week, Jay Kos is getting ready to cook. The renegade men's wear designer -- who for years has packed his Park Avenue boutique with a bold mix of bright colors and exotic skins --...   12:44 AM

• Hot August sales revive holiday retail hopes

  August heat added sizzle to retail sales -- and rekindled hopes for the crucial holiday season. Big retail chains reported that business last month...   12:44 AM
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  Stuytown stall

  A New York judge will rule later this month on whether to let hedge fund honcho Bill Ackman go through with a plan that will put him in control of landmark Manhattan apartment complex Stuyvesant Town-Peter Cooper Village. Until then, New York...   12:44 AM

• Warren's playing hooky

  School may be out for Elizabeth Warren, but for Wall Street, class may be in session. Yesterday, reports indicated the Harvard University Law...   12:44 AM

• Disney, TWC $ign new carriage deal

  After a tense summer of negotiations, Walt Disney and Time Warner Cable struck a deal that will keep channels such as ABC and ESPN on the air. The...   12:44 AM

• AOL & Google reset ad pact

  Aol renewed a deal with Google for paid search advertising, passing over rival Microsoft in the process. The new, five-year pact also includes...   12:44 AM
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  Flash crash probe

  The US Securities and Exchange Commission is examining whether high- speed traders helped destabilize equity markets during the May 6 crash by repeatedly placing and canceling orders in an attempt to manipulate share prices, a person with direct...   12:44 AM

• Burkle to appeal on B&N

  Billionaire investor Ron Burkle plans to appeal a Delaware court ruling that upheld an anti-takeover "poison pill" put in place by bookseller Barnes &...   3:57 AM

• Moinian's Broadway flop

  A unit of Deutsche Bank AG sued to foreclose on the Manhattan office tower that formerly housed Newsweek magazine, claiming that developer Joseph...   12:44 AM

• HP wins 3Par war

  Hewlett-Packard offered to buy 3Par for about $2.3 billion, ending an 18-day bidding war with Dell for the maker of storage systems. Dell declined...   12:44 AM

• Blockbuster nears edge

  Teetering Blockbuster said it missed another interest payment on its bonds, this time to holders of the company's junior notes. The movie rental chain...   12:44 AM

• Lehman 'myth' regretted

  Federal Reserve Chairman Ben Bernanke said he regretted not saying in congressional testimony shortly after the failure of Lehman Brothers in 2008 that...   12:44 AM

• Business briefs

  GM IPO GM plans to price its shares on Nov. 17 and begin selling them the next day, said Scott Sweet, managing part ner of IPO Boutique. He said...   12:44 AM
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  Social director

  Apple CEO Steve Jobs is borrowing the best of Facebook and Twitter to transform iTunes into a social network for music fans. Ping, a new social-networking feature that will be built into the latest version of iTunes, will give users the ability...   12:44 AM

• Deal or no deal? Disney, TWC still on hold

  Negotiations between Time Warner Cable and Walt Disney Co. were going down to the wire last night, as the two companies worked to hammer out the...