Andew Economos, Head of Sovereign & Institutional Strategy, Asia at JP Morgan Asset Management tells CNBC's Cash Flow that the start of tapering could spark a final rally on the U.S. markets.» Read More
ONE BILLION: More than a billion people now log into Facebook each month, up from 500 million in July 2010. ODD VIDEO: Facebook also released a video that, somewhat abstractedly, seeks to illustrate its ubiquity and utility in connecting people. It starts off with an empty red chair suspended over a forest and later proclaims that "chairs are like Facebook."
OLYMPIA, Wash.-- Washington state's Supreme Court unanimously ruled Thursday that the state's hazardous substances tax is constitutional.
CAPE CANAVERAL, Fla.-- A private company is headed back to the International Space Station. Forecasters said Thursday there's a 60 percent chance of favorable conditions for the 8:35 p.m. launch from Cape Canaveral. This is the California company's first official launch under a $1.6 billion contract with NASA.
*Sprint may wait until after T-Mobile/ MetroPCS deal- source. *Sprint came close to buying MetroPCS in February- sources. NEW YORK, Oct 4- Sprint Nextel Corp is considering making a rival bid for MetroPCS Communications Inc, which agreed on Wednesday to a merger with Deutsche Telekom AG's T-Mobile USA, according to people familiar with the situation.
Campbell "Doc" Mercer is throwing an annual festival celebrating the life and music of Bill Monroe but without the name of the "Father of Bluegrass Music" to promote it.
TORONTO, Oct 4- Canada's main stock index notched its highest closing level in nearly three weeks on Thursday after reassuring comments from the European Central Bank chief and signs of improvement in the U.S. labor market supported demand for riskier assets.
OKLAHOMA CITY-- The governors of Oklahoma and Colorado say their effort to encourage manufacturers to produce compressed natural gas vehicles is gaining momentum. Mary Fallin and Colorado Gov. Fallin says dealerships representing Ford, Chrysler, General Motors and Honda have submitted more than 100 bids.
*Says no bubble in Toronto and Vancouver. WHITBY, Ontario, Oct 4- Pressures in the Toronto and Vancouver housing markets are moderating, Canadian Finance Minister Jim Flaherty said on Thursday, with neither a bubble nor a hard landing in sight for the country's property market. "I don't think there is a bubble, or a danger of a bubble in Toronto and Vancouver.
Oct 4- A plan laid out by Southern California Edison on Thursday to restart one of two damaged nuclear reactors faces months of regulatory review plus skepticism from industry critics. SCE, a unit of power company Edison International.
WASHINGTON-- The Federal Reserve wants to find a clearer way to signal to the public when it might start raising interest rates. Most members agreed at the Sept. 12-13 meeting that linking a future rate increase to a level of unemployment or some other numeric target could be useful.
SAN FRANCISCO-- Landscaping business owner Sebastian Figueredo stood Thursday at a Union 76 gas station near the San Francisco-Oakland Bay Bridge, holding his phone up high so he could get a photo of the price sign.
TALLAHASSEE, Fla.-- Florida Supreme Court justices had some sharp questions Thursday for both sides on whether the Legislature has the power to set state university tuition and fees rather than a board created to oversee the schools. Two lower courts have ruled that power lies with the Legislature.
SEATTLE-- A relatively obscure tax plan to equalize the way Washington homeowners pay for public schools got some time under the spotlight as the candidates for governor debated its merits.
CHICAGO-- Chicago Board of Education President David Vitale says he's pleased that teachers ratified a new contract. The Chicago Teachers Union announced Wednesday night that 79 percent of the union's membership had voted in favor of the contract. Teachers walked off the job Sept. 10, idling about 350,000 students for seven days.
Oct 4- Oil companies putting together plans for a new "megaproject" to ship liquefied natural gas abroad from Alaska estimated the cost will run between $45 billion and $65 billion, according to a letter sent to the state governor, Sean Parnell. and ConocoPhillips agreed to work together with TransCanada Corp on the project.
NEW YORK-- The euro is rising against the dollar after European Central Bank President Mario Draghi said that Spain is making progress toward getting its finances under control. The euro rose to $1.3018 in late trading from $1.2899 late Wednesday. The British pound rose to $1.6185 from $1.6072.
--We will resolve this CreditWatch when we have a clear view on the completion of Glencore's acquisition of Viterra, which the companies now expect before Nov. 15, 2012. --Upon completion of the acquisition, we expect to equalize our issuer and issue-level ratings on Viterra, given the strategic importance of Viterra's operations to Glencore.
M-2 money supply rose by $100 million in the Sept. 24 week to $10,138.2 billion, the Federal Reserve said on Thursday. The Fed said the four-week moving average of M-2 was $10,122.5 billion vs. One week ended Sept. 24.
*IIF says Greece needs lenience from "troika". Charles Dallara, the managing director of the Institute of International Finance, said Greece would be unable to rein in its sky-rocketing budget deficit without economic growth and needed more lenience from its "troika" of international lenders.
*Middle East tensions, Turkey strikes at Syria lift oil. NEW YORK, Oct 4- Oil prices jumped 4 percent on T hursday as inflamed Middle East tensions stoked supply fears and U.S. gasoline futures rallied following a fire at the largest operating refinery in the United States.