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  • UPDATE 8-Oil falls on supply glut and strong dollar Thursday, 18 Sep 2014 | 1:00 PM ET

    *Supply risks rise with Libyan setback, OPEC talk. Brent prices slid sharply around 11:34 a.m. EDT, dropping 60 cents a barrel within 13 minutes, while U.S. crude tumbled 90 cents over the same period. The decline in the global benchmark Brent price was limited by a drop in Libya's output and talk of OPEC production cuts.

  • 3 N. Carolina hospital chains partner to cut costs Thursday, 18 Sep 2014 | 12:15 PM ET

    RALEIGH, N.C.— Growing pressure to cut medical costs is pushing three regional hospital chains operating hundreds of locations across North Carolina to combine purchasing and standardize some medical practices, the hospitals said Wednesday.

  • Sept 18- Rite Aid Corp cut its full-year profit forecast for the second time in about three months due to lower margins in its pharmacy business, sending its shares down more than 16 percent.

  • UPDATE 7-Oil edges lower on supply glut and strong dollar Thursday, 18 Sep 2014 | 11:17 AM ET

    *Supply risks rise with Libyan setback, OPEC talk. NEW YORK, Sept 18- Oil traded lower on Thursday, pressured by ample supply and concern over a weakening of demand growth in major consumer nations, as well as by a rise in the U.S. dollar. The decline in the global benchmark Brent price was limited by a drop in Libya's output and talk of OPEC production cuts.

  • Grain lower, livestock lower Thursday, 18 Sep 2014 | 10:58 AM ET

    CHICAGO— Grain futures were lower Thursday in early trading on the Chicago Board of Trade. Wheat for Dec delivery was unchanged at $4.9925 a bushel; Dec corn was 2.50 cents lower at $3.3925 a bushel; Dec oats were unchanged at $3.4650 a bushel; while Nov soybeans declined 8.75 cents to $9.7375 a bushel.

  • Inland American to sell 52 hotels for $1.1 billion Thursday, 18 Sep 2014 | 9:10 AM ET

    NEW YORK— Inland American Real Estate Trust Inc., which is in the process of spinning off its hotel business, said Thursday that is selling 52 of its hotels to a joint venture for about $1.1 billion. The buyers are real estate investment trusts NorthStar Realty Finance Corp. and Chatham Lodging Trust.

  • Navy secretary offers thanks for sub cost cuts Thursday, 18 Sep 2014 | 5:39 AM ET

    GROTON, Conn.— Secretary of the Navy Ray Mabus has thanked Electric Boat and its workers for helping drive down the cost of building big-ticket submarines. He says it allowed the Navy to sign a $17.6 billion contract this year to build 10 Virginia-class submarines in the next five years.

  • US economic rebound slow to reach Philadelphia Thursday, 18 Sep 2014 | 12:03 AM ET

    WASHINGTON— The nation's economic recovery has been slow to reach the Philadelphia metropolitan area and income inequality has widened, hurt in part by an exodus of residents and a continued collapse in mid-wage jobs. Philadelphia posted the largest income drop among large metro areas outside the Sun Belt, a sign of its persistently weak job market.

  • Journalists criticize White House for 'secrecy' Wednesday, 17 Sep 2014 | 8:24 PM ET

    CHICAGO— Editors and reporters meeting in Chicago raised concerns Wednesday about what they described as a lack of access and transparency undermining journalists' work, several blaming the current White House for setting standards for secrecy that are spreading nationwide.

  • DIARY - Top Economic Events to Sept 30 Wednesday, 17 Sep 2014 | 8:01 PM ET

    DALLAS- Federal Reserve Bank of Dallas President Richard Fisher moderates panel, "Perspectives on the Fed's Role in International Crises" before a conference hosted by the Federal Reserve Bank of Dallas- 2100 GMT.

  • RIO DE JANEIRO, Sept 17- Royal Dutch Shell Plc and Total SA must accept Brazil's state-run Petrobras as a partner in their Gato do Mato offshore oil prospect under new Brazilian law, the country's top oil regulator said Wednesday, a move that could strip Shell of operational control of the resource. She spoke at an oil industry event in Rio de Janeiro.

  • Sept 17- The Michigan Strategic Fund board gave final approval on Wednesday for the sale of up to $450 million of 30- year revenue bonds for a downtown Detroit arena that will be home to the National Hockey League's Detroit Red Wings.

  • Kent Hiteshew, director of the Treasury's newly-formed Office of State and Local Finance, told a meeting of bond attorneys that he was aware of concerns that the elimination of municipal bonds from the definition of banks' high-quality liquid assets could potentially limit bank demand for the debt, pumping up costs of new bond issuance.

  • Kent Hiteshew, director of the Treasury's newly-formed Office of State and Local Finance, told a meeting of bond attorneys that he was aware of concerns that the elimination of municipal bonds from the definition of banks' high-quality liquid assets could potentially limit bank demand for the debt, pumping up costs of new bond issuance.

  • NEW YORK, Sept 17- Stock markets around the world closed with modest gains on Wednesday after the U.S. The dollar hit a 14- month high and the benchmark U.S. 10- year Treasury note yield hit its highest level since July 7 after the Fed's projections suggested that some officials see rates rising more quickly than the U.S. central bank projected three months ago.

  • It opened its first flagship store in New York City's chic Soho neighborhood in 2006. With the addition this week of a new location in Wayne, New Jersey, the company- owned by the world's fourth-largest fashion retailer, Fast Retailing Co- now operates 26 U.S. stores.

  • NEW YORK, Sept 17- Brent turned lower and U.S. crude extended losses on Wednesday after a government report showed crude stocks rose sharply in the United States last week and as a strong dollar continued to create headwinds for dollar-denominated commodities.

  • Sept 17- Nucor Corp shares rose to a six-year high on Wednesday after the steelmaker said it would report higher-than-expected third-quarter earnings. Nucor said it expected to post a third-quarter profit of 70 cents to 75 cents per share.

  • Illinois panel delays decision on fracking rules Wednesday, 17 Sep 2014 | 11:28 AM ET

    CHICAGO— A legislative panel said Tuesday that it wants more time to decide whether rules written by the Department of Natural Resources to govern hydraulic fracturing in Illinois can take effect.

  • *OPEC could trim 2015 output to 29.5 mln bpd- Badri. Brent was down 42 cents at $98.63 a barrel by 1457 GMT, after closing up $2.40 in the previous session, the biggest daily gain since Sept. 3. "It looks like we've got extra oil hanging around- that was the initial shock of the number," said Phil Flynn, an analyst at the Price Futures Group in Chicago.