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  • WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week at 8:30 a.m. Eastern Thursday. SMALL DROP: Economists forecast that applications fell 4,000 last week to a seasonally adjusted 270,000, according to a survey by the data firm FactSet. Last week, the government said the four-week average of...

  • Descartes Systems misses Street 1Q forecasts Thursday, 28 May 2015 | 6:15 AM ET

    WATERLOO, Ontario _ The Descartes Systems Group Inc. on Thursday reported fiscal first-quarter net income of $4.9 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Descartes Systems shares have increased roughly 3 percent since the beginning of the year.

  • Amazon to offer free same-day delivery to Prime members Thursday, 28 May 2015 | 6:11 AM ET

    Amazon says starting Thursday more than 1 million items including books, electronics and vacation gear will be eligible for same-day delivery in 14 metro areas including New York, Los Angeles, the San Francisco Bay Area, Philadelphia, Phoenix and Atlanta. Orders under $35 can still have one day delivery, it just costs $5.99. Previously the service cost $5.99 for...

  • Tech Data beats Street 1Q forecasts Thursday, 28 May 2015 | 6:09 AM ET

    CLEARWATER, Fla. _ Tech Data Corp. on Thursday reported fiscal first-quarter net income of $51.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Tech Data shares have dropped 3 percent since the beginning of the year.

  • Hoegh LNG misses 1Q profit forecasts Thursday, 28 May 2015 | 6:09 AM ET

    HAMILTON, Bermuda _ Hoegh LNG Partners LP on Thursday reported first-quarter earnings of $2.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Canadian Imperial Bank posts 2Q profit Thursday, 28 May 2015 | 6:06 AM ET

    TORONTO _ Canadian Imperial Bank of Commerce on Thursday reported fiscal second-quarter net income of $728.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share. Canadian Imperial Bank shares have fallen 11 percent since the beginning of the year.

  • PHILADELPHIA— SEPTA plans to spend nearly $154 million for 18 new commuter locomotives in the authority's biggest railroad purchase in a decade. The Philadelphia Inquirer reports the Southeastern Pennsylvania Transportation Authority's board is expected to approve the purchase Thursday. Information from: The Philadelphia Inquirer,...

  • Knightsbridge reports 1Q loss Thursday, 28 May 2015 | 5:03 AM ET

    HAMILTON, Bermuda _ Knightsbridge Tankers Ltd. on Thursday reported a first-quarter loss of $75.3 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share. This story was generated by Automated Insights using data from Zacks Investment...

  • Etihad Airways profit jumps by over half to $73 million Thursday, 28 May 2015 | 4:53 AM ET

    DUBAI, United Arab Emirates— Etihad Airways, the United Arab Emirates' fast-growing national carrier, said Thursday its profit rose by more than half to $73 million last year as it carried more passengers and used its stakes in other airlines to drive traffic through its Abu Dhabi hub. Etihad and rivals Qatar Airways and Dubai- based Emirates are rapidly...

  • LONDON, May 28- Oil prices recovered on Thursday after a two-day slide as the dollar weakened, making fuel less expensive for holders of other currencies. "Much depends on the U.S. dollar," said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt. Front-month Brent was up 65 cents at $62.71 a barrel by 0815 GMT.

  • The West has accused Russia of using gas as a tool to increase its political influence over countries like Serbia. Russia last year scrapped plans for another pipeline in southern Europe— that was to pass through Serbia— amid a deepening crisis with the West over Ukraine. Serbia has refused to join Western sanctions against Russia over its policies in Ukraine.

  • DUBAI, May 28- Abu Dhabi's Etihad Airways, one of three Gulf airlines that U.S. rivals say benefit from state subsidies, reported a 52 percent rise in annual profit on higher passenger numbers and increased revenue from cargo and partner airlines. Unlike Dubai- based rival Emirates, Etihad has based part of its expansion on investing in other carriers and owns...

  • Jeb Bush and corporate boardrooms: 15 cases Thursday, 28 May 2015 | 3:30 AM ET

    WASHINGTON— Jeb Bush served on the board of directors or as an adviser to at least 15 companies and nonprofits since leaving office as Florida governor in early 2007. Here are the 15, his role for each, the years he served and his pay in the cases it is known:. Tenet Healthcare Corp., publicly traded hospital operator in Dallas. Rayonier Inc., publicly traded timber...

  • *SK Innovation already runs assets in Oklahoma, Texas. SEOUL, May 28- South Korea's SK Innovation Co Ltd, which owns the country's biggest refiner SK Energy Co Ltd, said it aims to raise investment in U.S. shale fields and increase partnerships with major crude producers to stabilize energy supplies. SK Innovation via its U.S.-based unit SK E&P America in April of...

  • MAHANOY CITY, Pa.— When coal was king, its castle was the breaker— an imposing fortress that crushed, washed and sized billions of tons of Pennsylvania anthracite for use in factories, foundries and homes up and down the East Coast. The old breaker is about 100 miles northwest of Philadelphia in a region that holds nearly all of the nation's anthracite, a pure grade of...

  • NEW YORK, May 28- Some of the biggest names in the investment world have been whipsawed by the recent rise in global yields and the strength in the euro against the dollar, with investors bracing for more sharp moves later this year stemming from central bank actions. Pimco's flagship Total Return Fund, which lost its crown as the biggest bond fund in the world in...

  • NEW YORK, May 28- Allison Armor loves fashion, but doesn't need to keep it in her closet. Armor, a marketing manager for a nonprofit in Oakland, California, has picked up skirts and shirts, Oxford shoes for $30, a J.Crew trench coat for $40 and a Dooney& Bourke satchel for $150, less than half its retail price. About 85 percent of people aged 18 to 34 own them, according to...

  • WASHINGTON— During his transition from Florida governor to likely presidential candidate, Jeb Bush served on the boards or as an adviser to at least 15 companies and nonprofits, a dizzying array of corporate connections that earned him millions of dollars and occasional headaches. "Board of directors and advisory boards are in charge of high-level oversight,"...

  • From Boston to Miami, New York to Los Angeles, more than half of tenants are paying what experts consider unaffordable rents, says a report by New York University's Furman Center, which studies real estate and urban policy, and bank Capital One, which is a leading affordable-housing lender and financed the research. The study analyzed U.S. Census Bureau data from...

  • Key numbers from a report to Congress on US education Thursday, 28 May 2015 | 12:02 AM ET

    WASHINGTON— The American education landscape is shifting. More U.S. school-age kids live in poverty and need English-language services, according to a report released Thursday by the National Center for Education Statistics. Enrollment in public schools is up, including in charter schools that have grown in popularity.