NEW YORK CITY

The investment at Rikers Island prison is a so-called "social-impact bond", the first of its kind for an American city, and means any potential return for Goldman hinges on the success of a program that will educate, train and counsel inmates aged between 16 and 18.

Knight Capital Group Inc is being forced to raise money after an erroneous trading position wiped out $440 million of its capital, the firm said on Thursday, causing its shares to shed more than half of their value.

In spite of low expectations for profit, market-watchers are actually increasingly bullish on AIG, believing the most important thing to watch when the company reports quarterly results Thursday will be its plans to buy back stock from its largest shareholder, the U.S. government.

The top after-market Nasdaq gainers Friday were Meru Networks Inc, Lincoln Electric Holdings Inc, Amkor Technology Inc and Amarin Corporation Plc.The top after-market Nasdaq losers were WisdomTree Investments Inc, Alaska Communications Systems Group Inc, Ironwood Pharmaceuticals Inc and Mid-Con Energy Partners LP.

The top after-market NYSE gainers Friday were Sprint Nextel Corp, Belo Corp, Natural Grocers by Vitamin Cottage, Green Dot Corp and Sauer-Danfoss Inc. The top after-market NYSE losers were Tata Motors Ltd, Owens & Minor, Infoblox and Graphic Packaging Holding Co.

The top after-market NYSE gainers Wednesday were Terex Corp, Trinity Industries, Skechers U.S.A, Thompson Creek Metals Company and Inphi Corp. The top after-market NYSE losers were Ferro Corp, Ruby Tuesday, Las Vegas Sands, Renren Inc and Newcastle Investment Corp.

New York University's proposal to add four new buildings to Greenwich Village was approved Wednesday by the New York City Council, capping a fierce five-year battle that pitted one of the country's largest colleges against local residents and preservationists.

IAC/InterActiveCorp. (Nasdaq: IACI) and AOL Inc. (NYSE: AOL) both reported profitable second quarters on Wednesday, and both New York-based companies discussed the futures of their respective troubled media properties.

The top after-market NYSE gainers Tuesday were Unisys Corp, Tempur-pedic International, McEwen Mining, InvenSense and Sanchez Energy Corp. The top after-market NYSE losers were DigitalGlobe, Genco Shipping & Trading, International Game Technology, Crestwood Midstream Partners and Owens & Minor.

On Tuesday, the New York City Board of Health will hold a public hearing for supporters and opponents of Mayor Bloomberg's proposed ban on big sodas.

Under Armour (NYSE: UA) shares jumped more than 12 percent on Tuesday trading after reporting better than expected second quarter earnings.

Texas Instruments Inc quarterly profit and revenue fell from a year ago, saying its customers are increasingly cautious in placing new orders because of global economic uncertainties.

The top after-market NYSE gainers Friday were Talbots, Brady Corp, MGM Resorts International, Banco Santander and Accretive Health. The top after-market NYSE losers were B&G Foods, United Microelectronics, WPX Energy, Pengrowth Energy and Strategic Hotels & Resorts.

Sylvia Woods, founder of Harlem's famous soul food restaurant, Sylvia's had died at the age of 86, according to a statement issued by her family.The Legendary restaurateur was best known internationally as the Queen of Soul Food, with her New York restaurant located at 126th St. and Lenox Ave., near the Apollo Theater.

Georgia Gulf Corp. (NYSE: GGC) shares soared after announcing a deal Thursday to acquire reached a deal to acquire PPG Industries Inc.'s (NYSE: PPG) commodity chemicals unit for $1.9 billion in cash and shares.

Walgreen Co. (NYSE: WAG) announced a multi-year pharmacy network agreement with Express Scripts on Thursday morning after a seven-month split.

The top after-market NYSE gainers Wednesday were Emulex Corp, New York Times, Tempur-pedic International, International Business Machines and Titan International. The top after-market NYSE losers were Greenhill & Co, Convergys, Whiting USA, Stryker Corp and Diana Shipping.

Baker Hughes Inc (NYSE: BHI), one of the world's largest oil services companies, is expected to report a slight decrease in profit for the second quarter on weakness in the company's North American business.

The top after-market NYSE gainers Tuesday were Vmware, EMC Corp, MGIC Investment, Basic Energy Services and Salesforce.com. The top after-market NYSE losers were Sally Beauty Holdings, United Rentals, Proto Labs, Ultra Petroleum and American Axle & Manufacturing Holdings.

All seven people aboard a plane being used by Kinross Gold Corporation (NYSE: KGC) died when the aircraft crashed shortly after takeoff from an airport in the African nation of Mauritania, officials of the gold mining company said Thursday.

Bloomberg Sports will tap into the lucrative international markets after partnering with IMG.