Joshua Meltzer, Fellow, Global Economy and Development at Brookings Institute, explains why a TPP will be beneficial to Asia.» Read More
TORONTO, Oct 4- The Canadian dollar strengthened to a session high against its U.S. counterpart on Thursday after the Bank of Canada repeated language that confirms it is still looking at the possibility of raising interest rates. The currency firmed to a session high of C $0.9834 to the U.S. dollar, or $1.0169.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. Brokerages Canaccord Genuity, Robert W. Baird& Co, Mizuho Securities USA, BMO Capital Markets and ThinkEquity Llc cut their price targets on the stock.
CHARLOTTE, N.C.-- Cato Corp., a women's clothing store, said on Thursday that a key measure of September revenue fell 4 percent, and it said its third-quarter earnings will be at the low end of its guidance.
WASHINGTON-- President Barack Obama and Republican rival Mitt Romney spun one-sided stories in their first presidential debate, not necessarily bogus, but not the whole truth.
*Sales at Costco and Gap top expectations. *Macy's, Target, Kohl's sales miss analysts' forecasts. "I think September overall is going to be OK; I don't think it's going to be great," said John Rooney, national retail& distribution sector lead for Deloitte Consulting.
NEW YORK-- "American Idol" season 12 tapings are just getting under way and Keith Urban has already become more than just a judge: he's also the pacifier on the newly-minted panel. "We're all passionate people and we're learning a new dance and we're all a work in progress," said Urban Wednesday at the New York Film Festival gala honoring his wife, Nicole Kidman.
Wells Fargo's International Group, named Christopher Lewis as executive vice president and head of global trade services. Most recently, he was head of trade and supply chain for North America at HSBC.
ANNAPOLIS, Md.-- A Maryland task force's recommendations to reduce prolonged power outages after powerful storms includes the possibility of adding $1 or $2 to residents' monthly electric bills to improve the state's electricity distribution system, Gov.
NEW YORK, Oct 4- U.S. stocks were set to rise at the open on Thursday after labor market data came in within expectations and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis.
Tandy Leather Factory Inc. said Thursday fiscal third-quarter sales topped second-quarter sales for the first time in more than 10 years. All were counted in the closely watched figure for sales at locations open at least a year, and their revenue rose to $3.2 million, up from $2.8 million a year earlier.
YORK, Pa.-- Department store operator Bon-Ton Stores said Thursday that a key revenue figure rose 0.6 percent in September as it tightly managed its inventory and marketing efforts. Total revenue for the five weeks ended Sept. 29 rose 0.7 percent to $288.9 million.
LOS ANGELES-- Eight months ago Southern California had a nuclear power plant that could generate enough electricity for 1.4 million homes. Southern California Edison sketched out a proposal Thursday under which its long-shuttered San Onofre nuclear power plant might be stuck, perhaps permanently, in a sort of middle gear.
NEW YORK-- An analyst on Thursday cut his earnings estimates for JetBlue Airways Corp. because the price of fuel hasn't dropped as much as he expected after Labor Day. Sterne Agee analyst Jeffrey Kauffman cut his profit forecast for the New York airline's third quarter to 16 cents per share from a previous expectation of 22 cents per share.
The ECB's decision was widely expected and the market was more focused on what ECB president Mario Draghi will say in his post-meeting news conference about Spain and the prospect that it will trigger the bank's new bond buying programme. "What is key for euro/dollar going forward is going to be Spain," said Michael Sneyd, FX strategist at BNP Paribas.
Oct 4- Southern California Edison on Thursday released a restart plan for Unit 2 at the San Onofre nuclear power plant in California, but must wait for approval from U.S. nuclear regulators before actually restarting the unit.
Dow futures are up 59 points to 13,485. The broader S&P 500 futures are up 8 points to 1,452.40. Investors are also awaiting news from the monthly policy meeting of the European Central Bank. Stocks across Europe were marginally higher ahead of ECB head Mario Draghi's news conference, which is being held in Slovenia, one of the euro's 17 countries.
Initial claims for state unemployment benefits climbed 4,000 to a seasonally adjusted 367,000, the Labor Department said, below economists' expectations for a rise to 370,000..
Oct 4- Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up by 45 million users since June. Facebook has faced a rough debut since its May initial public offering.
BELLPORT, N.Y.-- Perfumania Holdings Inc. said Thursday that revenue in stores open at least a year fell 3.9 percent in September. Total revenue fell 2 percent to $22.3 million last month. Perfumania has 344 perfume stores in the U.S.
*Macy's, Target sales miss analysts' forecasts. Retailers including Costco Wholesale Corp, Victoria's Secret operator Limited Brands Inc and teen chain Zumiez Inc posted bigger-than-expected gains in September sales at stores open at least a year. Target Corp and Macy's Inc posted same-store sales increases that missed analysts' expectations.