SHANGHAI, Nov 29- A year after China's financial regulators squared up to the systemic perils of "shadow banking," the threat is shifting to a booming corporate bond market, and risky borrowers' debt is finding its way into products aimed at retail investors. New corporate bond issuance leaped to 914 billion yuan in the third quarter, accounting for 29 percent of all...» Read More
LONDON-- A surprisingly big drop in weekly U.S. jobless claims helped shore up financial markets Thursday despite a downgrade of Spain's sovereign credit rating. The Labor Department reported that claims last week fell by 30,000 to 339,000, the lowest level since February 2008.
DANVILLE, Ky.-- Democrat Joe Biden and Republican Paul Ryan pull up a couple of chairs for a vice presidential debate that has mushroomed in importance since Mitt Romney's strong showing in the first presidential faceoff.
FARGO, N.D.-- North Dakota's corn and soybean crops are expected to be record size. The Agriculture Department in its latest forecast pegs the North Dakota corn crop at 390 million bushels, up 16 percent from September and up 80 percent from last year. Flooding in 2011 hurt many North Dakota crops, leading to sizable increases this year.
BOSTON-- The specialty pharmacy linked to a deadly meningitis outbreak may have misled regulators and done work beyond the scope of its state license, Massachusetts Gov. Ed Markey seized on Patrick's statement, and sent a letter to the U.S. Food and Drug Administration, asking if it believes it was misled by the company.
SIOUX FALLS, S.D.-- Nearly one-third of South Dakota is now in the grips of exceptional drought, up from a little more than one-fourth of the state last week. Drought Monitor map shows that all of South Dakota and North Dakota remain in some category of drought. Exceptional drought, the worst, and extreme drought cover most of the southern half of South Dakota.
DARLINGTON, Pa.-- A natural gas drilling company has settled federal lawsuits by western Pennsylvania landowners who contested the company's drilling leases and were, in turn, countersued by the company for permission to cut down trees sometimes inhabited by a protected bat species so the wells could be drilled.
DOVER, Del.-- Attorneys for the state medical society and a southern Delaware hospital have settled a class-action lawsuit filed on behalf of victims of former pediatrician Earl Bradley, who sexually abused scores of his young patients over more than a decade.
NEW YORK-- Drug developer Intercept Pharmaceuticals Inc. said Thursday its initial public offering of 5 million shares priced at $15 per share, at the high end of the company's expectations. Intercept had planned to sell 4.3 million shares and said they would start trading at $13 to $15 per share.
LINCOLN, Neb.-- Pinnacle Bank has announced a deal to buy Hastings State Bank. The Hastings bank deal is the second in two days for Pinnacle Bank. Pinnacle Bank is part of Pinnacle Bancorp, which is based in Omaha.
A report released Thursday by Irvine, Calif.- based RealtyTrac shows Illinois with 42,176 foreclosure filings from July through September. On a monthly basis, Illinois foreclosures dropped 20 percent in September compared to August. Arizona and California also have foreclosure rates higher than Illinois.
SIOUX CITY, Iowa-- The developer of a Hard Rock-themed casino has gotten support from the nonprofit Missouri River Historical Development board to build a casino and entertainment center near the Missouri River in Sioux City, Iowa. Warner and the board must obtain a license from the Iowa Racing and Gaming Commission.
THE BOTTOM LINE: Safeway Inc. said its net income rose 21 percent in the third quarter, boosted by the sale of its Genuardi's stores.
NEW YORK-- Shares of real estate services provider Realogy, whose brands include Century 21, Coldwell Banker and The Corcoran Group, soared more than 25 percent in their first day of trading on the New York Stock Exchange. Realogy Holdings Corp. said its IPO of 40 million shares priced at $27 per share, at the high end of the projected range of $23 to $27 per share.
LAS VEGAS-- Nevada's foreclosure rate remains fifth in the nation after big drops in activity compared with last year. RealtyTrac reports Thursday that Nevada's September foreclosure rate is down 19 percent from August and down more than 75 percent from the same time last year. That rate fell behind Florida, California, Illinois and Arizona.
BAKU, Azerbaijan-- Azerbaijan's President Ilham Aliev has criticized a consortium led by BP PLC for a slump in production at the Caspian Sea nation's main oil field. A spokesperson for BP Azerbaijan said the company is working together with Azerbaijan's state oil company to address production issues.
BISMARCK, N.D.-- The chairman of the Three Affiliated Tribes says construction should start next spring on a $400 million oil refinery in North Dakota. It would be the first one built in the United States in more than 30 years. The U.S. Interior Department has agreed to put the refinery land into trust for the tribe's benefit.
Mississippi: Down 3,393, no reason given. Michigan: Down 2,639, no reason given. Florida: Down 1,972, due to fewer layoffs in agriculture, construction, and wholesale trade.
MADISON, Wis.-- Overall attendance and revenue is up at the Wisconsin Historical Society's 11 sites and museums in the state. Cheryl Sullivan, administrator of the society's Division of Museums and Historic Sites, said they were pleased given the economy and that July was the hottest month on record.