A group called Khorasan that emerged in the past year in Syria may be the most intent on hitting the United States with a terror attack.» Read More
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.
WASHINGTON— Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30- year loan jumped to 4.23 percent from 4.12 percent last week.
WASHINGTON— James Clapper, the director of national intelligence, denied Thursday that he lied to Congress about government surveillance last year, and he rolled out a new national intelligence strategy that includes principles of ethics for intelligence officers.
WASHINGTON— Substantially fewer people sought unemployment benefits last week, which often points to employers feeling more confident about the economy and hiring more workers.
WASHINGTON— The Great Recession showed that a large number of American families are "extraordinarily vulnerable" to financial setbacks because they have few assets to fall back on, Federal Reserve Chair Janet Yellen said Thursday.
WASHINGTON— The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening. The four-week average of applications, a less volatile measure, fell 4,750 to 299,500, the Labor Department said Thursday.
WASHINGTON— U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly. Construction fell 14.4 percent in August to a seasonally adjusted annual rate of 956,000 homes, the Commerce Department said Thursday.
WASHINGTON— Applications for US jobless aid drop sharply to 280 K, sign of a stronger job market.
NEW DELHI, Sept 18- China became the latest nation to line up for a stake in India's civil nuclear energy drive on Thursday, agreeing to open talks on cooperation in a sector that New Delhi sees as the solution to its chronic power problems.
*Riyadh trains Syrian rebels, praised new Iraq govt. RIYADH, Sept 17- In its war against Islamic State in Iraq and Syria the United States wants strong public support from Saudi Arabia, the birthplace of Islam and champion of Arab Sunni Muslims.
JERUSALEM/ RAMALLAH, West Bank, Sept 18- Most Palestinians have known only two leaders: Yasser Arafat, the stubble-chinned firebrand fond of chequered scarves and olive fatigues, and Mahmoud Abbas, a smooth-shaven father figure who favours Western suits and ties.
WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released Thursday at 8:30 a.m. Eastern. DECREASE LIKELY: Economists forecast that weekly applications fell 10,000 to a seasonally adjusted 305,000, according to a survey by FactSet.
WASHINGTON— The Commerce Department reports on U.S. home construction in August. The report will be released Thursday at 8:30 a.m. Eastern. STARTS DOWN: Economists forecast that housing starts fell 5.3 percent in August to a seasonally adjusted annual rate of 1.04 million, according to a survey by data firm FactSet.
WASHINGTON— House Democrats' campaign arm spent heavily last month but still has almost $55 million left in the bank for an uphill fight against the Republican majority, party officials said Thursday. Its GOP rival, the National Republican Congressional Committee, has not yet released its August fundraising tally and faces a Saturday deadline to do so.
WASHINGTON— The U.S. is planning to train veterans to become solar panel installers in the next six years, the White House said Thursday.
NEW DELHI, Sept 18- India will open talks on civil nuclear energy cooperation with China, Prime Minister Narendra Modi said on Thursday after summit talks with Chinese President Xi Jinping in New Delhi. Behind the scenes, China has been pressing India hard to begin talks on civil nuclear cooperation, said W.P.S. Sidhu, a senior fellow at Brookings India.
*Army has shrunk by 30-50 percent. *Army faced setbacks since June. Western officials believe the Syrian army, already stretched, has been under growing strain since Islamic State staged lightening advances in Syria and Iraq in June: insurgents this week briefly pushed into an area of Damascus that had not seen fighting for 18 months, the Observatory reported.
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.
WASHINGTON— Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. "Borrowers should see the writing on the wall," said Greg McBride, chief financial analyst at Bankrate.com.
Sept 18- The mothballed Hovensa refinery, once the largest in the Western hemisphere, could be the latest "zombie refinery" to come back to life, revived by the U.S. shale boom.