GM will ask a bankruptcy court to bar plaintiffs from proceeding with lawsuits related to any actions before it filed for bankruptcy in 2009.» Read More
WASHINGTON, Jan 9- U.S. Senate negotiators were close to a deal on extending expired jobless benefits through November and paying the estimated $18 billion cost through future spending cuts, a senior Senate Democratic aide said on Thursday.
TORONTO, Jan 9- Two of five derailed crude tank cars in a New Brunswick train accident are older DOT-111 models, a Canadian National Railway spokesman said on Thursday, citing information it received from the Association of American Railroads.
Jan 9- California and Wyoming are the latest U.S. states to report confirmed cases of a deadly pig virus, bringing the number of states affected to 22, the U.S. Department of Agriculture said on Thursday. It has occurred in Europe and Asia but this is the first year that it has been seen in the United States.
*Bed, Bath& Beyond, Family Dollar drag retailers. The S&P retail index declined 0.3 percent, pulled lower by a 12.8 percent tumble in Bed, Bath and Beyond Inc to $69.52 and a 4.6 percent drop in Family Dollar Stores Inc to $63.28. Bed Bath& Beyond lowered its fourth quarter and full-year earnings estimates after the close on Wednesday.
Jan 9- In what is shaping up to be a tough and widespread flu season in the United States, one of the leading medicines used to treat children with the sometimes deadly virus is in short supply.
CANADIAN NATIONAL SAYS THREE OF FIVE DERAILED CRUDE TANK CARS ON NEW BRUNSWICK TRAIN ARE NEWLY BUILT DOT-111 MODEL THAT CONFORMS WITH HIGHER 2011 STANDARDS.
CANADIAN NATIONAL RAILWAY SAYS TWO OF FIVE DERAILED CRUDE TANK CARS ON NEW BRUNSWICK TRAIN ARE OLDER DOT-111 MODELS, ACCORDING TO INFORMATION IT RECEIVED.
CHICAGO, Jan 9- U.S. agribusiness giant Cargill Inc on Thursday reported a 36 percent rise in quarterly profit, supported by a bigger U.S. crop harvest in 2013 that led to lower grain prices and boosted profit margins on meat sales.
*White House opposes, says would harm talks with Iran. WASHINGTON, Jan 9- More than half of U.S. senators support a bill to impose new sanctions on Iran should the Islamic Republic break an agreement to curb its nuclear program, aides said on Thursday, but there was no plan yet to debate the measure.
*Peripheral markets of Spain and Italy outperform. LONDON, Jan 9- European shares closed lower on Thursday, hit by a warning over France's debt that weighed on the Paris bourse and by a dip in U.S. stocks, which edged back from record highs. France's CAC equity index was Europe's worst-performing market, falling 0.8 percent.
Jan 9- Hellman& Friedman LLC is exploring a sale of Catalina Marketing Corp, which claims to have the world's largest shopper history database and could fetch as much as $2.5 billion, according to three people familiar with the matter.
*Competitive market dominated by Nike, Adidas, Puma. While unlikely to pose a serious challenge to pricey performance gear dominated by Nike Inc and Adidas AG, H&M could chip away at their sales of casual and fitness wear.
Jan 9- San Francisco- based snack food company Diamond Foods Inc will pay $5 million to settle civil charges that the company and two former top executives misled investors by lying about walnut costs to boost earnings, U.S. regulators said Thursday.
WASHINGTON, Jan 9- New U.S. standards for rail tank cars should come in "weeks, not months", Senator John Hoeven of North Dakota said on Thursday after a meeting with Transportation Secretary Anthony Foxx. A spate of derailments and explosions of tank cars carrying crude oil have sparked safety concerns about fuel shipments on the tracks.
*White House opposes, says would harm talks with Iran. WASHINGTON, Jan 9- More than a majority of U.S. senators support a bill to impose new sanctions on Iran should the Islamic Republic break an agreement to curb its nuclear program, aides said on Thursday, but there was no plan yet to debate the measure.
NEW YORK, Jan 9- Brent crude was trading steady to slightly lower in price on Thursday, paring earlier gains of more than $1 after news that production was restarting at a key North Sea oilfield and as the market weighed Libya's resolve to get oil exports on track. Brent fell as much as $6 last week, after Libya said it would restart its El Sharara oil field.
WASHINGTON, Jan 9- American automakers on Thursday pushed for rules against currency manipulation to be included in an ambitious trade pact being negotiated between the United States and 11 other Pacific Rim countries.
NEW YORK, Jan 9- JPMorgan Chase& Co plans to sell or exit over time its business of issuing prepaid cards for corporate payrolls and government tax refunds and benefits, the company said on Thursday. Last month JPMorgan warned some 465,000 holders of the cards that their personal data may have been accessed by computer hackers who attacked its network in July.
*Zeman says realistic cabinet will be formed this month. PRAGUE, Jan 9- Czech President Milos Zeman will appoint Social Democrat leader Bohuslav Sobotka as prime minister within days, he told Reuters on Thursday, opening the way for a centre-left coalition to try to revive the economy after months of political stalemate.
NEW YORK, Jan 9- Credit Suisse Group AG is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with skepticism by some securities analysts and former officials at the bank.