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  • News Summary: US August trade deficit up to $44.2B Thursday, 11 Oct 2012 | 9:54 AM ET

    WIDER TRADE GAP: The U.S. trade deficit widened to $44.2 billion in August, up 4.1 percent from July and the biggest gap since May, as exports fell to the lowest level in six months. THE DETAILS: Exports dropped 1 percent to $181.3 billion, according to the Commerce Department.

  • US corn estimate lowered to reflect harvest yields Thursday, 11 Oct 2012 | 9:53 AM ET

    DES MOINES, Iowa-- The U.S. Department of Agriculture on Thursday slightly lowered its projection for the nation's corn crop for a fourth straight month, reflecting worse-than-expected news about the actual impact of this year's withering drought from the farmers busy harvesting their fields.

  • Convenience store chain Susser's 3Q sales up Thursday, 11 Oct 2012 | 9:43 AM ET

    CORPUS CHRISTI, Texas-- Convenience store chain Susser Holdings Corp. anticipates that a key revenue trend rose more slowly in its recently ended third quarter. Susser, which runs about 550 Stripes shops in Texas, New Mexico and Oklahoma, has opened 15 stores this year, expect to open 11 in the last three months of the year and has plans for 28 to 35 next year.

  • Thoratec promotes Taylor Harris to finance chief Thursday, 11 Oct 2012 | 9:34 AM ET

    PLEASANTON, Calif.-- Heart device maker Thoratec on Thursday said it promoted Taylor C. Harris to chief financial officer. Thoratec, based in Pleasanton, Calif., makes HeartMate pumps, which are used in patients who are waiting for a heart transplant or for those who are too sick to have heart transplant surgery.

  • Stocks climb after stronger job numbers Thursday, 11 Oct 2012 | 9:31 AM ET

    NEW YORK-- Stocks are opening higher after better-than-expected job numbers. The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years. On Wall Street, the Dow Jones industrial average is up 62 points just after the opening bell at 13,406. That's after three days of declines.

  • Ahead of the Bell: Celgene shares see small rally Thursday, 11 Oct 2012 | 9:25 AM ET

    Celgene edged higher before markets opened Thursday, a day after the drug developer's stock slid on the release of a report in Europe regarding its cancer treatment Revlimid. Celgene recorded $934 million in revenue from Revlimid in the second quarter, a 17 percent increase compared to last year, driven in part by market share gains and a geographic expansion.

  • Comcast kicks off Internet access program in Va Thursday, 11 Oct 2012 | 9:22 AM ET

    RICHMOND, Va.-- Comcast Corp. is kicking off the second year of a program aimed at making sure low-income families in Virginia have Internet access. To date, more than 1,800 families in Virginia have been connected to the Internet through the program.

  • Fastenal 3Q profit up on sales growth, new stores Thursday, 11 Oct 2012 | 9:22 AM ET

    WINONA, Minn.-- Fastenal Co. said Thursday that its third-quarter net income rose 13 percent, boosted by double-digit sales increases in all three months of the period and the addition of new stores.

  • HUD secretary to speak at Del. housing conference Thursday, 11 Oct 2012 | 9:21 AM ET

    DOVER, Del.-- The Obama administration's secretary of housing and urban development is visiting Delaware to take part in a conference on affordable housing. HUD Secretary Shaun Donovan will give the keynote speech Thursday at the 2012 Governor's Conference on Housing.

  • Safeway's sale of Genuardi's lifts 3Q profit Thursday, 11 Oct 2012 | 9:20 AM ET

    NEW YORK-- Safeway Inc. says its net income rose 21 percent in the third quarter as it benefited from the sale of its Genuardi's stores. The Pleasanton, Calif.- based company, which also operates Vons, Dominick's and other grocery chains, says it earned $157 million, or 66 cents per share, in the period. That compares with $130.2 million, or 38 cents per share, a year ago.

  • CA judge: Rite Aid must pay $800,000 settlement Thursday, 11 Oct 2012 | 9:19 AM ET

    SAN DIEGO-- City officials say a San Diego judge ordered Rite Aid Corp. and its California subsidiary Thrifty PayLess Inc. to pay $800,000 to settle a complaint alleging false advertising.

  • Zep 4Q profit rises 79 pct despite sales drop Thursday, 11 Oct 2012 | 9:17 AM ET

    ATLANTA-- Zep Inc., which makes cleaners, pest and weed control products and disinfectants, said Thursday that its fiscal fourth-quarter net income jumped 79 percent despite a drop in revenue. For the quarter ended Aug. 31, the Atlanta- based company earned $7.3 million, or 33 cents per share, up from $4.1 million, or 18 cents per share, in the same quarter last year.

  • Kythera Biopharmaceuticals raises $70.4M in IPO Thursday, 11 Oct 2012 | 9:12 AM ET

    Kythera Biopharmaceuticals Inc. has raised about $70.4 million in its initial public offering of 4.4 million shares. The Calabasas, Calif., company, which is developing an injectable treatment for double chins, priced its IPO at $16 per share, or the top end of its estimated range.

  • Winnebago fiscal 4Q profit rises on tax boost Thursday, 11 Oct 2012 | 9:07 AM ET

    FOREST CITY, Iowa-- Winnebago Industries Inc. said Thursday its fiscal fourth-quarter net income soared, boosted by a hefty tax benefit and higher demand for its recreational vehicles. For the quarter ended Aug. 25, the Forrest City, Iowa- based company earned $40.9 million, or $1.41 per share, up from $3.5 million, or 12 cents per share, in the same quarter last year.

  • Dubai property firm restructures $1.2B in debt Thursday, 11 Oct 2012 | 9:04 AM ET

    DUBAI, United Arab Emirates-- An indebted property division of Dubai World behind plans to dig a massive canal through the Dubai desert says it has completed a deal to rework the terms on $1.2 billion of loans.

  • Kan. gov. not ruling out sales tax plan next year Thursday, 11 Oct 2012 | 9:03 AM ET

    Sam Brownback hasn't ruled out having Kansas balance its budget by keeping its sales tax at the same rate rather than letting it drop next year as planned. Brownback acknowledged Wednesday that he's anticipating state revenues will dip temporarily because of massive income tax cuts he signed into law earlier this year.

  • Montana, coal railroad reach $2M easement deal Thursday, 11 Oct 2012 | 9:02 AM ET

    BILLINGS, Mont.-- A long-stalled coal railroad in southeastern Montana could get an easement through the state's Miles City fish hatchery in exchange for a $2 million payment into a conservation fund and a $25 million insurance policy, under the terms of a tentative deal disclosed Wednesday.

  • TX-based co. drills exploratory well in NY shale Thursday, 11 Oct 2012 | 8:59 AM ET

    OWEGO, N.Y.-- A Texas company has begun drilling a vertical well to explore the potential of the Marcellus Shale natural gas formation, joining about a dozen others probing the potentially lucrative rock beneath New York's southern tier. Carizzo Oil& Gas of Houston recently started digging its first well north of the Tioga County village of Owego.

  • ND tribe to get control of land for oil refinery Thursday, 11 Oct 2012 | 8:58 AM ET

    NEW TOWN, N.D.-- North Dakota's Three Affiliated Tribes will be getting control of land for construction of a proposed new oil refinery, U.S. Salazar's decision, announced during a news conference at the tribe's headquarters in New Town, means the tribe may begin construction of the $400 million refinery next spring, tribal Chairman Tex Hall said.

  • Tax break meant to spur new refinery construction Thursday, 11 Oct 2012 | 8:51 AM ET

    BISMARCK, N.D.-- A tax break for oil that's processed in North Dakota would help make new refineries profitable and would pay for itself though increased economic growth, a developer told state lawmakers Wednesday.