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Long Island

State wins $6.4M for training

New York State has won a $6.4-million federal grant for worker training, Gov. Andrew M. Cuomo said Thursday. To be hired under this U.S. Labor Department program, a person must be classified as a dislocated worker who is unlikely to return to their prior occupation. The training must take place at a business in the state, and the job the employee trains for must be full time. Cuomo said New York received the largest grant among the states. Employers interested in the program can apply at James T. Madore


DirecTV pulls Viacom content

DirecTV subscribers are losing access to "The Daily Show" and "SpongeBob SquarePants." DirecTV Group Inc. stopped carrying channels owned by Viacom Inc. because of a contract dispute. They include MTV, Nickelodeon and Comedy Central. The dispute is over how much DirecTV should pay to carry the Viacom programming. The two companies blamed each other for the shutdown. DirecTV has 20 million U.S. subscribers. -- AP

Uniform stock tracking gets OK

U.S. stock exchanges and markets must establish a uniform system for tracking all orders and trades under a rule approved Thursday. The Securities and Exchange Commission said the requirement is intended to make it easier for the government to investigate market disruptions, such as the "flash crash" two years ago that sent the Dow Jones industrial average plummeting nearly 600 points in five minutes. The SEC voted 3-2 to require all U.S. exchanges and electronic trading platforms to keep the same form of audit trails covering orders from start to routing to execution. At the present time, audit trails vary among exchanges. Regulators say that has made it more difficult to get their hands on current order data. Regulators say the change will make it easier to pinpoint the causes of disruptions. The plan must be submitted to the SEC by April. If it is approved by the agency, the exchanges would have to start reporting information within a year. -- AP

Wholesale-level sales plunge

U.S. wholesale companies added modestly to their stockpiles in May. But sales at the wholesale level dropped by the largest amount in three years, a troubling sign for future growth. The Commerce Department said Thursday wholesale stockpiles rose 0.3 percent in May. That followed a 0.5 percent increase in April, which was revised lower from an initially reported 1.1 percent gain. But sales at the wholesale level fell 0.8 percent in May, the biggest decline since March 2009. Greater restocking means companies ordered more goods, which increases factory production. But the broader economic benefits from faster restocking were likely offset by the decline in sales, which could prompt wholesalers to restock more slowly in the coming months. Stockpiles at the wholesale level stood at $484.1 billion in May. That is 25.8 percent above the post-recession low of $384.9 billion in September 2009. The May increase reflected gains in stockpiles of autos, computer equipment, drug products and clothing. -- AP


Ex-Barclays COO to testify

The Barclays executive identified as the person responsible for ordering false reports of borrowing costs in 2008 will be called in front of a parliamentary inquiry next week, the Treasury Select Committee announced Thursday. Jerry del Missier, who resigned as chief operating officer at the beginning of July after the U.K. bank was fined $453 million by U.S. and British agencies for false reports and rate manipulation, will testify on Monday, the House of Commons Treasury Select Committee said. The committee will also take testimony from three senior figures at the Financial Services Authority, the U.K. financial regulator. -- AP

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