Court closed
The closure of Manhattan federal court delayed jury selection for the insider-trading trial of Todd Newman, a former Diamondback Capital Management portfolio manager, and Level Global Investors LP co-founder Anthony Chiasson, who were to go on trial Oct. 29.
Facebook shares declined 3.8 percent to $21.11 in the first trading session since restrictions on the potential sale of 229 million shares lifted on Oct. 29.
Testing …
Research in Motion said it has begun carrier testing of its new line of BlackBerry 10 devices ahead of next year’s launch of the make-or-break line of smartphones.
Car talk
General Motors reported a third-quarter profit that surpassed analysts’ estimates by more than 50 percent and said it wants to break even in Europe by mid-decade.
Sandy sale
American Apparel, known for its provocative ads, caught flak for offering customers in nine states most affected by the storm a discount with the code “SANDYSALE.”