Lindsey Piegza, chief economist at Sterne Agee, says U.S. markets are "holding their breath" for Friday's jobs report to see if the loss of momentum will continue.» Read More
FRESNO, Calif.— Authorities in central California are searching for those who broke into a Foster Farms chicken ranch and used a golf club to kill more than 900 birds. Fresno County sheriff's officials said Tuesday that deputies arrived at the facility in Caruthers, less than 20 miles south of Fresno, on Sept. 20 and found hundreds of birds slaughtered.
DETROIT— Businessman Dan Gilbert has testified during Detroit's bankruptcy trial that the city's high crime rate, poor school system, unemployment and blighted neighborhoods are its major challenges.
WASHINGTON— The pace of U.S. manufacturing growth slowed in September, as expectations for hiring and new orders slipped from their August levels. The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index fell to 56.6 from 59 in August. Anything above 50 signals that manufacturing is growing.
MILFORD, Mich, Oct 1- General Motors Co on Wednesday said that in 2016 it would ring up its first profits in Europe in more than a decade and hit targeted North American operating margins. The news came two days after its smaller rival Ford Motor Co disappointed investors with its financial outlook.
DETROIT— Ford's U.S. sales dipped 3 percent in September as the company cut back on truck discounts in anticipation of a new F-150 later this year. F-Series truck sales fell 1 percent to 59,863. It was the first time in seven months that F-Series sales fell below 60,000..
DETROIT— General Motors' U.S. sales jumped 19 percent in September on big demand for its pickup trucks. General Motors Co. fueled the sales with good deals. J.D. Power and Associates estimates GM spent just under $5,000 in incentives per pickup, which was 30 percent, or $1,140, higher than a year ago.
WASHINGTON— U.S. construction spending fell in August, the second decline in the past three months, with housing, non-residential and government projects all showing weakness. Construction spending dropped a seasonally adjusted 0.8 percent after a 1.2 percent increase in July, the Commerce Department reported Wednesday.
WASHINGTON— US construction spending falls 0.8 percent in August with widespread weakness in all sectors.
NEW YORK, Oct 1- The dollar pulled back from six-year highs against the yen to trade little changed on Wednesday, weighed down by a drop in U.S. Investors also booked profits on long U.S. dollar positions ahead of key event risks- the European Central Bank's monetary policy meeting on Thursday and Friday's U.S. non-farm payrolls report.
NEW YORK— Stocks are heading lower in early trading, putting the market on course for its third loss in a row. The Dow Jones industrial average fell 41 points, or 0.2 percent, to 17,000 as of 9:35 a.m. Eastern time Wednesday. General Mills fell 1 percent after the company said it would cut up to 800 jobs, the second time it's reduced its work force in a month.
NEW YORK, Oct 1- U.S. Treasuries rallied on Wednesday as Germany sold new bonds at record low yields, after weak factory data in Europe and Asia increased concerns about slowing global growth.
Oct 1- Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation. Revel Casino, which cost $2.4 billion to build, opened in 2012 and closed on Sept. 2 after filing for its second bankruptcy in June.
SACRAMENTO, Calif.— A federal judge could rule Wednesday on a bankruptcy exit plan for Stockton, the largest city in California to file for Chapter 9 protection. "We're looking forward to exiting bankruptcy and implementing our plan," said Connie Cochran, a Stockton spokeswoman.
NEW YORK, Oct 1- U.S. private employers added 213,000 jobs in September, just above economists' expectations, a report by a payrolls processor showed on Wednesday. The numbers came ahead of September data on the U.S. manufacturing sector, with separate reports due at 9:45 a.m. EDT and 10 a.m., and a reading on construction spending due also at 10 a.m..
NEW YORK— Coca-Cola is revising its pay plan for executives after shareholders including Warren Buffett called it excessive. Buffett, whose Berkshire Hathaway is Coke's biggest shareholder, has been a longtime critic of excessive pay packages.
Shares of Angie's List Inc. soared in premarket trading Wednesday after the Financial Times reported that the consumer reviews service was considering a sale of its business. Angie's List provides online access to business ratings and reviews.
NEW YORK— RCS Capital Corp. said Wednesday that it is buying a subsidiary of American Realty Capital Properties Inc. that invests in commercial real estate for at least $700 million. RCS, a New York- based investment banking company, said it is buying Cole Capital in a series of transactions that will take place until April 2015.
FINDLAY, Ohio— Marathon Petroleum's Speedway has completed its $2.82 billion purchase of Hess' retail operations and other assets. The transaction was orchestrated under Speedway LLC and will expand Marathon Petroleum's retail operations from nine states to 23 states along the coast and in the Southeast.
WASHINGTON— U.S. businesses added 213,000 jobs in September, stepping up hiring for the sixth straight month, according to a private survey. Payroll processer ADP said Wednesday that the pace of hiring by private employers was up slightly from 202,000 in August.
Oct 1- Nissan Motor Co reported its U.S. sales for September rose 18.5 percent at 102,955 vehicles, beating analysts' expectations. Nissan's namesake brand showed sales were up 22 percent at 95,118 vehicles and its luxury Infiniti brand sales fell 13 percent at 7,837 vehicles.