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  • Sept 18- Major institutional investors such as BlackRock will likely receive the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.

  • Sept 18- Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.

  • NEW YORK, Sept 18- When Alibaba Group Holding Ltd begins trading on Friday the shares may not be able to avoid the kind of volatility typically seen in trading of eagerly anticipated IPOs, even as the bulk of the shares sold are expected to reside with 25 to 50 behemoth institutions.

  • Illinois jobless rate declines in August Thursday, 18 Sep 2014 | 1:27 PM ET

    ST. LOUIS— Illinois' unemployment fell in August to 6.7 percent, the sixth straight monthly decrease in the state's jobless rate, the Illinois Department of Employment Security said Thursday. Pat Quinn and his Republican challenger, Bruce Rauner.

  • Alibaba, which handles more transactions than Amazon.com Inc and eBay Inc combined, is expected to price within the $66 to $68 per American depository share range, according to CNBC and an investor source.

  • 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.

  • Brighter economy driving up holiday hiring plans Thursday, 18 Sep 2014 | 11:02 AM ET

    NEW YORK— UPS will hire up to 95,000. Kohl's plans to take on 67,000 and FedEx 50,000. Wal-Mart will add 60,000.. One after the other, a flurry of major U.S. retail and transportation companies announced sharp increases this week in the number of temporary workers they plan to hire for the holiday season.

  • Grain lower, beef and pork 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.