Lorraine Tan, Director of Equity Research at S&P Capital IQ, tells CNBC's Cash Flow that any December taper would have to be very gradual as the U.S. economy is still fragile.» Read More
SIOUX FALLS, S.D.-- Nearly one-third of South Dakota is now in the grips of exceptional drought, up from a little more than one-fourth of the state last week. Drought Monitor map shows that all of South Dakota and North Dakota remain in some category of drought. Exceptional drought, the worst, and extreme drought cover most of the southern half of South Dakota.
BOSTON-- The specialty pharmacy linked to a deadly meningitis outbreak may have misled regulators and done work beyond the scope of its state license, Massachusetts Gov. Ed Markey seized on Patrick's statement, and sent a letter to the U.S. Food and Drug Administration, asking if it believes it was misled by the company.
DARLINGTON, Pa.-- A natural gas drilling company has settled federal lawsuits by western Pennsylvania landowners who contested the company's drilling leases and were, in turn, countersued by the company for permission to cut down trees sometimes inhabited by a protected bat species so the wells could be drilled.
DOVER, Del.-- Attorneys for the state medical society and a southern Delaware hospital have settled a class-action lawsuit filed on behalf of victims of former pediatrician Earl Bradley, who sexually abused scores of his young patients over more than a decade.
NEW YORK, Oct 11- John Maynard Keynes said back in 1936 that "practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist."
Oct 11- The panda cub that died at the National Zoo in Washington, D.C., last month succumbed to liver necrosis caused by inadequately formed lungs, zoo officials said on Thursday.
NEW YORK-- Drug developer Intercept Pharmaceuticals Inc. said Thursday its initial public offering of 5 million shares priced at $15 per share, at the high end of the company's expectations. Intercept had planned to sell 4.3 million shares and said they would start trading at $13 to $15 per share.
LINCOLN, Neb.-- Pinnacle Bank has announced a deal to buy Hastings State Bank. The Hastings bank deal is the second in two days for Pinnacle Bank. Pinnacle Bank is part of Pinnacle Bancorp, which is based in Omaha.
WASHINGTON, Oct 11- Activist investor fund Third Point has won U.S. antitrust approval to buy an unspecified stake in Murphy Oil Corp, the Federal Trade Commission said on Thursday.
NEW YORK, Oct 11- DBRS reaffirmed the United States top AAA credit rating on Thursday, citing the economy's productivity and flexibility, but said failure to stabilize a growing debt burden could threaten the rating in the future.
A report released Thursday by Irvine, Calif.- based RealtyTrac shows Illinois with 42,176 foreclosure filings from July through September. On a monthly basis, Illinois foreclosures dropped 20 percent in September compared to August. Arizona and California also have foreclosure rates higher than Illinois.
SIOUX CITY, Iowa-- The developer of a Hard Rock-themed casino has gotten support from the nonprofit Missouri River Historical Development board to build a casino and entertainment center near the Missouri River in Sioux City, Iowa. Warner and the board must obtain a license from the Iowa Racing and Gaming Commission.
*Rating cut on Spain cushions bonds' price drop. NEW YORK, Oct 11- U.S. government debt prices fell on Thursday as traders sought to lower prices before a $13 billion auction of 30- year supply and encouraging data on jobless claims reduced safe-haven demand for bonds.
*Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil reached its highest in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.
*Sprint, Clearwire soar in early trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, according to a source with direct knowledge of the matter, adding yet another potential shake-up to the fast-changing U.S. wireless market.
THE BOTTOM LINE: Safeway Inc. said its net income rose 21 percent in the third quarter, boosted by the sale of its Genuardi's stores.
Oct 11- Safeway Inc, the second-largest U.S. supermarket chain, reported quarterly sales that missed Wall Street's view, and its shares fell nearly 5 percent. Traditional grocers like Safeway and Kroger Co are fighting for every sale amid tough competition from Wal-Mart Stores Inc and other retailers.
Oct 11- U.S. carrier Alaska Airlines said on Thursday it will buy 50 737 single-aisle jetliners, worth $5 billion at list prices, from Boeing Co in its largest order yet. The order includes 37 of Boeing's upcoming 737 MAX, the new-engine variant of the popular 737 that offers better fuel efficiency.
By Matt Scuffham and Kylie MacLellan. LONDON, Oct 11- Insurer Direct Line made a solid stock market debut on Thursday, marking a milestone in parent Royal Bank of Scotland's recovery efforts. The bank said the sale was the next important step in its recovery plan, having earlier this year finished paying back emergency loans to Britain and the United States.
*Some nuclear experts worry about proliferation risks* They say laser enrichment plants smaller, harder to detect* Iran says it "possesses" laser know-how but won't use it By Fredrik Dahl.