MELBOURNE, March 30- London nickel slid to its weakest in nearly six years on Thursday, hit by faltering demand for stainless steel and worries that a new tax in Malaysia may push metal into the market. "A weak macroeconomic environment and demand data out of China in combination with worries about the Malaysian tax gave enough ammunition for the shorts to come in,"...» Read More
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.
NEW YORK-- One piece of good news on jobs was enough Thursday on Wall Street. That one piece of good news was enough to help traders forget about a drumbeat of worrisome developments, like a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. `.
NEW YORK-- Safeway Inc. said Thursday that its profit margin slipped in the third quarter as it spent money on launching a new customer loyalty program, an investment the supermarket operator said should drive sales going forward. The sale of Safeway's Genuardi's chain helped offset the declines and pushed the company's net income up 21 percent.
WASHINGTON-- Average U.S. rates on fixed mortgages ticked up from record lows last week. Cheaper mortgages are fueling a modest housing recovery that could help the broader economy. Mortgage buyer Freddie Mac said Thursday that the rate on the 30- year loan increased to 3.39 percent from 3.36 percent.
NEW ORLEANS-- The New Orleans Film Festival opens Thursday with a red carpet showing of the Louisiana- shot thriller "The Paperboy."
PORTLAND, Maine-- Amtrak as well as its Downeaster passenger service between Maine and Boston have set new ridership records. Records were also set in other regions of the country, including New England.
ATLANTA-- The Georgia Department of Labor is teaming up with business and community leaders in two northwest Georgia counties to try to help job seekers get matched up with employers looking to fill vacant positions.
RABAT, Morocco-- The Standard& Poor's rating agency on Thursday revised Morocco's outlook downward to negative from stable because of Europe's financial crisis, a high deficit and lagging reforms. Morocco sought help from the International Monetary Fund in August, winning a $6.2 billion precautionary credit line.
TRENTON, N.J.-- New Jersey lawmakers are considering bills that would allow the use of portable betting devices at horse racing tracks, and allow lottery winners to remain anonymous for a year. A state Senate committee is due to consider a measure allowing betting on wireless devices at race tracks.
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.