The Linens' N Things brand has been sold to Galaxy Brand Holdings for an undisclosed amount, the companies involved said Monday. Investment firms Hilco Consumer Capital and Gordon Brothers Brands acquired the brand in 2009, and it was re-launched as an online retailer of home goods.» Read More
ALMOST PAYDIRT: Crude production in Kazakhstan's mammoth Kashagan oilfield project is expected to begin sometime next year. EUREKA: When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.
CHICAGO-- Railcar leasing company GATX Corp. said Thursday that its third-quarter earnings rose on a surge in orders for tank cars to haul oil, gas and chemicals. The company earned $53.8 million, or $1.13 per share, compared with $32.9 million, or 70 cents per share, a year ago. But stripping out those one-time items, GATX still topped Wall Street expectations.
:A measure of U.S. economic activity designed to give signals about the future rose 0.6 percent in September, rebounding after a revised 0.4 percent dip in August. THE DRIVERS: The strength in September came from a big jump in applications for building permits, low interest rates and rising stock prices.
DESCENT INTO VIOLENCE: Hundreds of youths pelted riot police with fire bombs, bottles and chunks of marble at a Greek anti-austerity demonstration, less than a month after more intense clashes broke out during a similar protest.
Things like Seth Rogen auctioning off a trip to the urinal with him; a knock-down, drag-out fight between Kevin Bacon in a butter costume and Liev Schreiber dressed as broccoli; a performance of "Call Me Maybe" by Carly Rae Jepsen and Harvey Keitel.
BP BACKS OUT: After years of clashing with the other half of the joint venture TNK-BP, BP said in June that it would dump its 50 percent stake. TNK-BP, Russia's third largest energy producer in terms of production, is jointly owned by BP and AAR, a group of Russian billionaires.
ALBANY, N.Y.-- The digital divide is wider than ever between diners who talk, tweet and snap pictures mid-meal and those who wish they'd just shut up, shut down and be present. "There's no place to get away from the chatter," said Julie Liberty of Miami, who started the Facebook page "Ban Cell Phones From Restaurants" earlier this year. "
CHICAGO-- Illinois' unemployment rate dipped to 8.8 percent in September. And the Illinois Department of Employment Security says the seasonally adjusted figures reported Thursday show Illinois' unemployment rate has fallen 10 times in the past 13 months.
ST. LOUIS-- Reinsurance Group of America Inc.' s net income rose 7 percent in the third quarter, but the company said its operating income declined, mostly because of higher-than-expected claims in the U.S. and Australia.
CLAIMS RISE: Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months after falling sharply the previous week. THE BACK STORY: A Labor Department spokesman said Thursday the last two week's figures were distorted by seasonal adjustments the department makes.
PITTSBURGH-- PPG Industries said Thursday that its third-quarter net income rose 9 percent as it took advantage of cost reductions and strong sales of coatings. The Pittsburgh company said it made $339 million, or $2.18 per share, compared with $311 million, or $1.96 per share, a year earlier.
Shares of Vivus Inc. tumbled Thursday after an analyst said Wall Street may be over-estimating gains from initial sales of the drug developer's obesity treatment Qsymia. THE BIG PICTURE: Qsymia, Vivus' only approved drug, launched in the U.S. in September.
CHANHASSEN, Minn.-- Life Time Fitness Inc. said Thursday that its third-quarter profit rose 19 percent as more people joined its gyms and spent more money at them. For the quarter ended Sept. 30, the Chanhassen, Minn.- based company earned $32.1 million, or 77 cents per share, up from $27 million, or 66 cents per share, in the same quarter last year.
NEW YORK-- Shares of Aegerion Pharmaceuticals Inc. climbed Thursday after the company said a Food and Drug Administration panel recommended that its cholesterol disorder drug lomitapide be approved. THE SPARK: The Cambridge, Mass., company said Wednesday that an FDA advisory panel voted to support approval of lomitapide.
DENVER-- Three people have been arrested in connection with the killing of five people at a bar that was then set on fire, apparently to hide the crime, and the motive was robbery, Denver police said Thursday.
DEERFIELD, Ill.-- Drug and medical device maker Baxter International reported third-quarter results Thursday that edged 1 percent higher as the company trimmed expenses, meeting Wall Street expectations. The company's profit rose slightly to $583 million, or $1.06 per share, from $576 million, or $1.01 per share, in the prior-year period.
Michele Bachmann's tendency to cause a ruckus on Capitol Hill made her a tea party sensation. Allen West of Florida, Steve King of Iowa and Joe Walsh of Illinois are all embroiled in tough and expensive races that are drawing plenty of spending by friends and foes from around the country.
Scott Brown is apologizing for suggesting Democratic rival Elizabeth Warren used paid actors in political ads defending her legal work in an asbestos lawsuit. The Taunton Daily Gazette reported that Brown was asked how Warren got family members of asbestos victims to appear in her ads.
TEGUCIGALPA, Honduras-- Honduras' Supreme Court has struck down a plan to build a series of model cities with their own independent tax and justice systems, a proposal that was meant to spur economic growth in this Central American country struggling with corruption and crime.
ST. PAUL, Minn.-- Minnesota Gov. Mark Dayton on Thursday appointed the director of the state Trade Office, who also worked on his 2010 campaign, as the new commissioner of the Department of Employment and Economic Development.