*Oil keeps in $45- $50 band for most of January. *China import demand lends market some support. Although Brent prices have kept within a band of $45- $50 a barrel for most of the month, high global stock levels threaten further declines, said Amrita Sen, chief oil analyst at London- based Energy Aspects.» Read More
NEW YORK-- Arbor Realty Trust Inc. said Thursday that it plans to sell 3.5 million shares of its stock. Arbor Realty plans to use the proceeds to make investments, repurchase or pay liabilities and for general corporate purposes. Arbor Realty had 27.7 million shares on the market as of Aug. 3.
NEW YORK-- Starbucks Corp. is testing a variety of toasty croissants and baked goods in nine San Francisco stores, with plans to eventually expand distribution nationally. Lisa Passe, a spokeswoman for Starbucks, noted that this was an operational test to see how stores would handle deliveries and warming up the items.
to Warner Bros. in a three-year deal that puts digital copies of its newer titles for sale on Warner's Flixster online movie service.
NEW YORK-- Summary of revenue at stores open at least a year in September for drugstore chains, with percentage increase or decrease over the same month last year. These figures are a key indicator of a retailer's health because they exclude revenue at newly opened stores. Rite Aid Corp. -0.7 pct.
NEW YORK-- Summary of revenue at stores open at least a year in September for department store chains, with percentage increase or decrease over the same month last year. These figures are a key indicator of a retailer's health because they exclude revenue at newly opened stores. Bon-Ton Stores Inc. 0.6 pct.
The Buckle Inc. -0.8 pct. Ross Stores Inc. 5 pct. Stein Mart Inc. 2.4 pct.
NEW YORK-- Summary of revenue at stores open at least a year in September for discount chains, with percentage increase or decrease over the same month last year. These figures are a key indicator of a retailer's health because they exclude revenue at newly opened stores. Costco Wholesale Corp. 6 pct.
Fortis Inc. is a step closer to completing its acquisition of CH Energy Group Inc. following the expiration of an antitrust waiting period, the companies said Thursday. Fortis said in February that it planned to buy CH Energy in a roughly $1.5 billion deal that marked the Canadian utility's entry into the regulated U.S. electric and gas distribution market.
NEW YORK-- Dave& Buster's Entertainment Inc. said Thursday that it is withdrawing its proposed initial public offering because of unfavorable market conditions. Dave& Buster's, based in Dallas, registered its IPO in July 2011, saying it expected to sell $150 million in stock.
OLYMPIA, Wash.-- The state Supreme Court unanimously ruled Thursday that the state's hazardous substances tax is constitutional.
NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Thor Industries Inc., up $1.39 at $36.95. Bloomberg reported that the wireless company might consider a counterbid to T-Mobile USA's proposed acquisition of MetroPCS.
The Food and Drug Administration on Wednesday asked Teva Pharmaceuticals to withdraw its drug Budeprion XL 300 after testing showed the drug did not properly release its key ingredient.
MOBILE PHONE HOME: Thousands of teenagers who can't take their cellphones to school have another option, courtesy of a burgeoning industry in New York City: Paying a dollar a day to leave it in a truck parked nearby.
WASHINGTON-- The September jobs report that arrives Friday, a month before the presidential election, will likely sketch a dual picture: The job market continues to heal. No incumbent since Franklin Roosevelt has faced re-election with unemployment so high.
INDEX SWITCH: Vanguard has negotiated lower cost index-licensing deals that will result in 22 of its index mutual funds tracking new market benchmarks. Those funds will switch from their current MSCI indexes to benchmarks from the University of Chicago's Center for Research in Security Prices and FTSE.
DALLAS-- Sunoco Inc.' s shareholders on Thursday approved Energy Transfer Partners L.P. plans to buy the company for $5.3 billion, creating one of the more diverse pipeline companies in the country.
BOSTON-- Index mutual fund investors are a cost-conscious bunch. Rather than seek out managers with a good shot at beating the market, they parse tiny differences in fund expenses. Companies such as S&P Dow Jones Indices and MSCI have created well-known market indexes.
NEW YORK-- The euro rose against the dollar Thursday after European Central Bank President Mario Draghi said that Spain is making progress toward getting its finances under control. Spain is widely expected to request financial aid, but its government has been reluctant to do so.
An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday. The S&P 500 index rose 10.41, or 0.7 percent, to 1,461.40. The S&P 500 is up 20.73, or 1.4 percent.