Updated from 1:58 p.m. EDT
New York Times
is ending its two-year-old program to charge for some Internet content that could only be read through TimesSelect. Since late 2005, the publisher had been charging for online access to 23 news and opinion columnists, personalization tools, archives back to 1987 and more. Now, those items will be available for free.
The Times said "changes in the way people find news and opinion on the Web have altered the online landscape. Because of online users' growing reliance on search in order to navigate the Web, NYTimes.com expects to see a substantially increased number of unique users referred to and accessing the site once the pay wall is gone."
The TimesSelect subscription revenue model will be replaced by one that is based on advertising. New York Times shares tacked on 2.1% to close at $20.07.
Procter & Gamble
affirmed its forecast for the September quarter, saying earnings should be 88 cents to 90 cents a share.
The consumer products giant continues to expect sales growth for the quarter of 6% to 8%. Shares of P&G closed up 1.1% at $68.68.
reaffirmed its financial projections for 2007, which it first provided in July. Based on the company's strong first half and its estimates for the remainder of the year, Cummins expects to earn between $7.15 and $7.65 a share.
"The broad strength we are experiencing in our markets around the world has positioned us for the best year in the company's history, and the future looks extremely bright," Cummins said. Shares closed up 10.5% to $134.51.
rose 2.7% to close at $3.49 after the restaurant chain named James F. Hyatt as its president and chief executive.
Hyatt, 51, most recently was executive vice president and global chief operations officer of
. Interim President and CEO Robert Merritt will continue to serve as a member of Cosi's board.
Commerce Energy Group
, an electricity and natural gas marketing company, climbed following the announcement that it has hired a strategic adviser, RBC Capital Markets.
Among the services that RBC will provide is an evaluation of the company's alternatives for enhancing stockholder value. Shares of Commerce Energy were up 7.7% at $1.95.
fell after a review panel recommended that the Kemess North project not be approved as it has been proposed.
The gold and copper mining company said the Joint Federal-Provincial Environmental Review Panel has completed its evaluation and submitted its report to the federal and provincial Ministers of the Environment. Northgate said it would study the report and speak with authorities in order to more fully understand the panel's decision and determine how to proceed.
Shares of Northgate fell 9.5% to $2.86.