United States


  • Nippon Life debuts in Yankee market with $2bn hybrid Thursday, 11 Oct 2012 | 2:56 PM ET

    By Danielle Robinson and Andrea Johnson. NEW YORK, Oct 11- Nippon Life Insurance debuted in the US dollar market on Thursday with a US $2 bn hybrid bond, the first capital security it has issued in the Yankee market and one whose success could prompt other Japanese insurers to follow suit.

  • UPDATE 9-Sprint in talks on potential sale to Softbank Thursday, 11 Oct 2012 | 2:56 PM ET

    *Sprint, Clearwire soar in afternoon trade; MetroPCS flat. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp may buy a majority stake in Sprint Nextel Corp to establish a foothold in the U.S. wireless market, in what could be the largest Japanese acquisition ever in America.

  • TEXT-S&P raises Rent-A-Center to 'BB+' Thursday, 11 Oct 2012 | 2:54 PM ET

    --North American rent-to-own retailer Rent-A-Center has demonstrated the willingness and ability to maintain credit ratios within levels indicative of an "intermediate" financial risk profile.

  • News Summary: Wendy's first logo tweak since 1983 Thursday, 11 Oct 2012 | 2:54 PM ET

    PIGTAIL TWEAK: Wendy's Co. is giving its logo a touchup for the first time since 1983. Executives say the pared down, modern look will signal its transformation into a more premium hamburger chain. MAKEOVER HISTORY: The Dublin, Ohio- based chain says it's only the fifth logo update since it opened its first location in 1969..

  • Lawsuit says buyout firms colluded on deals Thursday, 11 Oct 2012 | 2:54 PM ET

    NEW YORK-- Executives at some of the country's largest private equity firms reportedly told each other that they wouldn't drive up prices for companies they were looking to buy, according to new court documents.

  • *Apple shares fall 1.4 percent after setback in Samsung case. *Sprint volume surges, shares jump on Softbank deal reports. NEW YORK, Oct 11- U.S. stocks erased most gains and were little changed on Thursday as a drop in Apple shares after a legal ruling dented broad market gains on a sign of improvement in the jobs market.

  • BRUSSELS, Oct 11- The European Union accused the United States on Thursday of ignoring a World Trade Organisation instruction to stop subsidising planemaker Boeing and asked the WTO to investigate, prolonging the world's biggest trade dispute.

  • NEW YORK, Oct 11- Softbank Corp could buy a roughly 70 percent stake in Sprint Nextel Corp through a combination of newly issued shares and a tender offer for existing shares, a source familiar with the situation said on Thursday.

  • NEW YORK, Oct 11- U.S. crude futures rose on Thursday as tensions between Turkey and Syria and between Iran and the West continued to reinforce concerns about the risk to oil supply from the Middle East.

  • OPPD commits insurance payouts to adjust rates Thursday, 11 Oct 2012 | 2:42 PM ET

    OMAHA, Neb.-- The Omaha Public Power District board has committed to using any insurance payouts related to the shutdown at the Fort Calhoun nuclear power plant to adjust customer rates. OPPD spokesman Mike Jones says the insurance is used to ease the financial impact of any outages at the Fort Calhoun plant.

  • Regulator: 'Catastrophic' failure of NMFA controls Thursday, 11 Oct 2012 | 2:41 PM ET

    SANTA FE, N.M.-- The state's top securities regulator says a fake audit at the New Mexico Finance Authority went undetected for months and was distributed to investors because of a complete breakdown of the agency's management and oversight.

  • Report: Authorities build cases in JPMorgan loss Thursday, 11 Oct 2012 | 2:41 PM ET

    NEW YORK-- A published report says federal authorities are using taped phone conversations to build criminal cases connected to the $6 billion trading loss announced by JPMorgan Chase earlier this year. The New York Times reports investigators are focusing on four people who worked for the London team responsible for the loss.

  • US senator seeks criminal probe in meningitis outbreak Thursday, 11 Oct 2012 | 2:41 PM ET

    WASHINGTON, Oct 11- A Democratic member of a U.S. Senate health oversight committee on Thursday called for a criminal investigation of the deadly meningitis outbreak linked to tainted drugs that has killed 14 people in 11 states.

  • WASHINGTON, Oct 11- Goldman Sachs chief executive, Lloyd Blankfein, became the latest big-name business leader to pledge to pay steeper tax- 5 percent, he said- in exchange for a long-term bipartisan deal in Congress to keep the country from falling off the "fiscal cliff."

  • Penney's shares rise amid hopeful signs Thursday, 11 Oct 2012 | 2:31 PM ET

    NEW YORK-- Shares of J.C. Penney Co. rose Thursday for the second day in a row, after a key supplier, Levi Strauss& Co., said that its new shops within the retailer's stores are faring well.

  • NYT shares hit new 52-week high on upgrade Thursday, 11 Oct 2012 | 2:30 PM ET

    NEW YORK-- The New York Times Co.' s stock rose on Thursday after an analyst raised his rating and price target on the shares. Barclays analyst Kannan Venkateshwar said the Times Co.' s recent sales of some assets have helped improve its balance sheet, while its online pay wall has generated enough new subscription revenue to offset declining print ad sales.

  • TEXT-S&P rates Astoria Generating Co. Acquisition LLC Thursday, 11 Oct 2012 | 2:25 PM ET

    --Astoria Gen is refinancing its existing first- and second-lien credit facilities due February 2013 and August 2013 respectively, with a new $450 first-lien credit facility consisting of a $425 million term loan and a $25 million revolving facility.

  • Auditors call for changes in food stamp program Thursday, 11 Oct 2012 | 2:24 PM ET

    HARTFORD, Conn.-- State auditors in Connecticut called for changes Thursday in an emergency food stamp program at the center of a fraud scandal involving state employees, saying more vigilant caseworkers could have reduced the amount of aid handed out to ineligible applicants.

  • Army Corps revises plan to curtail locks Thursday, 11 Oct 2012 | 2:22 PM ET

    MONTGOMERY, Ala.-- The U.S. Army Corps of Engineers has revised its plans to severely curtail the operation of locks on the Alabama and Chattahoochee rivers. Jeff Sessions of Alabama said he's glad the corps modified the plans after public officials from both parties raised concerns about the economic impact.

  • TEXT-Fitch affirms BA Covered Bond Issuer's Thursday, 11 Oct 2012 | 2:21 PM ET

    Oct 11- Fitch Ratings removed from Rating Watch Negative, BA Covered Bond Issuer's mortgage covered bonds. The rating is based on the Long-term Issuer Default Rating of the program sponsor, Bank of America N.A., the Discontinuity Cap of 1 and the asset percentage of 70.1% that Fitch takes into account in its analysis.