KUALA LUMPUR/ NEW YORK/ LONDON, March 12- I nvestigators trying to solve the disappearance without trace of a Malaysia Airlines jetliner face an extremely rare challenge that could hinder their efforts: they lack the powers of a formal air safety investigation.» Read More
Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 305,000, the Labor Department said on Thursday. The reading gives a clearer view of the labor market's health after an update in government computer systems in California and Nevada threw claims data into disarray earlier this month.
Sept 26- Eli Lilly and Co said its experimental breast cancer drug failed to improve patients' survival without their cancer worsening in a late-stage trial, dashing investors' hopes on one of the company's most talked-about drugs.
WASHINGTON, Sept 26- The U.S. government left its estimate for economic growth in the second quarter unchanged, but said prices for goods and services purchased by U.S. households fell for the first time in four years. The Commerce Department said on Thursday gross domestic product expanded at a 2.5 percent annual rate in the April-June period.
LONDON, Sept 26- Gold inched up on Thursday as concerns about a possible U.S. federal debt default and government shutdown next week boosted demand for the metal as a safe haven. The U.S. Congress is struggling to pass a spending bill to keep the government funded beyond Oct. 1.
PODGORICA, Sept 26- There was once a time when a job at Podgorica's sprawling aluminium plant meant a free apartment, a discount on holiday rentals and a large dose of prestige in socialist Yugoslavia. That's 10 percent of the economic output of Montenegro, the tiny Adriatic republic that inherited KAP when Yugoslavia fell apart in war in the 1990 s.
LONDON, Sept 26- The European Central Bank will serve up another course of ultra-cheap cash to banks, possibly by year-end, through another long term refinancing operation as it battles to keep money market rates low, a Reuters poll found.
Sept 26- Industrial gas producer Air Products& Chemicals Inc, feeling the heat from activist investor Bill Ackman, said Chief Executive John McGlade would retire in 2014.. McGlade was targeting $15 billion in annual sales and a 20 percent operating margin by 2015, but Air Products has lagged rivals Praxair Inc, Linde AG and Air Liquide SA.
*Nike to report for first time as a Dow component. NEW YORK, Sept 26- U.S. stock index futures rose on Thursday, following five days of losses on the S&P 500 and Dow industrials, with investors still focused on budget and debt negotiations in Washington and the possible impact of an ongoing impasse on the economy.
Sept 26- EBay Inc said it would buy payment platform Braintree for about $800 million in cash to add to its PayPal business.
LONDON, Sept 26- Companies increasingly factor extreme weather into their strategic planning and a report from the United Nations due on Friday is expected to underscore the heightened risks they face.
CHICAGO, Sept 26- When the autumn leaves start to fall, it is time for Medicare enrollment. If you are already on Medicare, there is no need to use the Obamacare health insurance exchanges; in fact, it is illegal for insurers to sell an exchange policy to anyone on Medicare.
*EU's Rehn avoids criticism of France's reform plans. BRUSSELS, Sept 26- France's planned budget savings and economic forecasts are in line with its European commitments, the European Union's top economic official said on Thursday, seeking to paper over frustration with France's modest economic reforms.
FLORANGE, France, Sept 26- President Francois Hollande, seeking to regain the support of steel workers angered over his failure to stave off redundancies, said on Thursday he would return to their plant every year to ensure promised investment went ahead.
*Nike to report for first time as a Dow component. NEW YORK, Sept 26- U.S. stock index futures rose on Thursday, following five days of losses on the S&P 500 and Dow industrials, with investors still focused on budget and debt negotiations in Washington and the possible impact of an ongoing impasse on the economy. *Nike Inc will report results after the closing bell.
Debate about the banking union- which was conceived as a way to prevent a repeat of the EU's sovereign debt crisis- has centred on European Union institutions and big euro zone economies such as Germany.
Sept 26- Eli Lilly and Co said its experimental cancer drug failed to improve the survival among breast cancer patients without their cancer worsening in a late-stage trial. However, a separate trial, testing the drug as a treatment for advanced gastric cancer, met the main goal of improving patients' survival.
BRUSSELS, Sept 26- The EU's second-highest court should reassess a 151 million-euro fine imposed on telecoms company Telefonica, an adviser to the EU's top court said on Thursday. The European Commission fined Telefonica in 2007 for charging competitors too much for broadband access in Spain between 2001 and 2006..
Q2 final GDP due at 1230 GMT. LONDON, Sept 26- The dollar struggled to make considerable gains against a basket of currencies on Thursday, weighed by the ongoing U.S. budget impasse which could lead to a possible federal debt default. Investors were wary of buying the dollar while the U.S. Congress struggled to avert a government shutdown next week.
LONDON, Sept 26- European equities fell on Thursday as concerns over the future of Italy's fragile governing coalition returned to the fore. A budget impasse in Washington and a looming battle over the U.S. debt ceiling also kept investors on edge, with the FTSEurofirst 300 down 0.2 percent at 1,254.67 points by 1049 GMT.
Sept 26- Air Products& Chemicals Inc said it would look for a successor to Chief Executive John McGlade and add three new independent directors, months after activist investor Bill Ackman unveiled his stake in the company. McGlade will retire in 2014..