United States


  • NEW YORK, Sept 18- U.S. That level was last seen in May 2011. Prices for three-year notes were off 4/ 32, taking their yield to 1.117 percent, a level last touched during April 2011.

  • Average US 30-year mortgage rate at 4.23 percent Thursday, 18 Sep 2014 | 10:08 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year. Mortgage company Freddie Mac says the nationwide average for a 30- year loan jumped to 4.23 percent from 4.12 percent last week.

  • The largest percentage gainer on the New York Stock Exchange was Penn West Petroleum, up 11.54 percent, while the largest decliner was Pier 1 Imports, down 17.57 percent a day after it slashed its full-year earnings forecast.

  • US stocks buoyed after Fed continues low rates Thursday, 18 Sep 2014 | 9:41 AM ET

    NEW YORK— U.S. stocks are opening higher a day after the Federal Reserve made clear it would keep interest rates at record lows for a while. The Dow Jones industrial average rose 29 points, or 0.2 percent, to 17,186 in early trading Thursday, building on an all-time closing high from the day before.

  • How states fared on unemployment benefit claims Thursday, 18 Sep 2014 | 9:15 AM ET

    WASHINGTON— Substantially fewer people sought unemployment benefits last week, which often points to employers feeling more confident about the economy and hiring more workers.

  • Inland American to sell 52 hotels for $1.1 billion Thursday, 18 Sep 2014 | 9:10 AM ET

    NEW YORK— Inland American Real Estate Trust Inc., which is in the process of spinning off its hotel business, said Thursday that is selling 52 of its hotels to a joint venture for about $1.1 billion. The buyers are real estate investment trusts NorthStar Realty Finance Corp. and Chatham Lodging Trust.

  • *Futures up: Dow 44 pts, S&P 6 pts, Nasdaq 13 pts. NEW YORK, Sept 18- U.S. stocks were set to rise at the open on Thursday, with the S&P 500 on track to test resistance at its record high a day after the U.S.

  • Yellen says US families need to boost savings Thursday, 18 Sep 2014 | 8:46 AM ET

    WASHINGTON— The Great Recession showed that a large number of American families are "extraordinarily vulnerable" to financial setbacks because they have few assets to fall back on, Federal Reserve Chair Janet Yellen said Thursday.

  • Applications for US jobless benefits fall sharply Thursday, 18 Sep 2014 | 8:36 AM ET

    WASHINGTON— The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening. The four-week average of applications, a less volatile measure, fell 4,750 to 299,500, the Labor Department said Thursday.

  • Volatile apartment sector reduces US home building Thursday, 18 Sep 2014 | 8:35 AM ET

    WASHINGTON— U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly. Construction fell 14.4 percent in August to a seasonally adjusted annual rate of 956,000 homes, the Commerce Department said Thursday.

  • *West says Iran cooperation with IAEA needed for nuclear deal. The United States and the European Union said they were concerned about the slow headway so far in the U.N. atomic agency's long-running inquiry into allegations that Iran has worked on designing a nuclear weapon.

  • POLLOCK PINES, Calif.— California wildfire shows explosive growth, more than doubling in size to 111 square miles.

  • WASHINGTON— Applications for US jobless aid drop sharply to 280 K, sign of a stronger job market.

  • Rite Aid beats Street 2Q forecasts Thursday, 18 Sep 2014 | 8:28 AM ET

    CAMP HILL, Pa.— Rite Aid Corp. topped analyst expectations for its second quarter, but the drugstore chain's stock tumbled in premarket trading Thursday after it also dropped its fiscal 2015 earnings forecast due to an expected decrease in pharmacy profitability.

  • Sept 18- ConAgra Foods Inc, the maker of Hunt's Ketchup and Chef's Boyardee pastas, on Thursday reported a higher-than-expected quarterly profit and said its consumer foods business was recovering. Net income rose to $484.5 million, or $1.12 per share, in the first quarter ended on Aug. 24 from $147.2 million, or 34 cents per share, a year earlier.

  • ConAgra beats Street 1Q forecasts Thursday, 18 Sep 2014 | 8:27 AM ET

    The Omaha, Nebraska company posted net income of $482.3 million, or $1.12. Earnings, adjusted for one-time gains and costs, came to 39 cents per share, or 4 cents better than Wall Street had expected, according to a poll of analysts by Zacks Investment Research.

  • FDA OKs faster-acting label for ED drug Stendra Thursday, 18 Sep 2014 | 8:21 AM ET

    Federal regulators have approved a new label for Vivus' impotence drug, stating that it becomes effective in half the time that the previous label had stated. But Vivus has sought a new label after finding in studies that some patients were able to have sex as little as 15 minutes.

  • Manhattan's income gap is widest in US: Census Thursday, 18 Sep 2014 | 8:20 AM ET
    Manhattan apartment buildings

    The mean income of the top 5 percent of households in Manhattan has soared, giving it the biggest income gap of any U.S. county. The NYT reports.

  • News Corp opposes Google in EU antitrust case Thursday, 18 Sep 2014 | 8:02 AM ET

    BRUSSELS— The media conglomerate controlled by Rupert Murdoch is joining the fray in Google's protracted European antitrust case, saying the technology company unfairly distorts competition.

  • NEW DELHI, Sept 18- China became the latest nation to line up for a stake in India's civil nuclear energy drive on Thursday, agreeing to open talks on cooperation in a sector that New Delhi sees as the solution to its chronic power problems.