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Top News & Analysis New York City

  • *Coming up: Baker Hughes rig data, CFTC trade data Friday. NEW YORK, Oct 11- U.S. natural gas futures settled higher on Thursday for a fourth straight day, with a government report showing a weekly inventory build well below market expectations driving the front contract to a new high for the year.

  • NEW YORK, Oct 11- U.S. municipal bond funds posted nearly $915 million of net inflows in the week ended Oct. 10, up sharply from $553 million of inflows in the previous week, according to data released by Lipper on Thursday. The four-week moving average was positive at $579 million, said Lipper, a unit of Thomson Reuters.

  • NEW YORK-- A Jefferies& Co. analyst said Thursday that sales of diabetes drugs should keep growing at a strong clip for the rest of the decade, reaching $65 billion a year in 2020.. He said Eli Lilly and Co. should surpass France's Sanofi as the second-largest diabetes drug seller.

  • Oct 11- Mutual fund manager ClearBridge Advisors LLC said on Thursday it would drop the name of its struggling parent company, Legg Mason, from all of its U.S. funds over the next several months. With $58 billion of assets under management, New York- based Clearbridge is the largest manager of equity funds at Legg Mason.

  • *Sprint volume surges, shares jump on Softbank deal reports. Traders have been bearish recently, with the S&P 500 down 2 percent in the last five sessions in anticipation of a weak earnings season. AT&T and Verizon also weighed after news that Japan's Softbank may buy a majority stake in their competitor, Sprint Nextel.

  • NEW YORK, Oct 11- J.B. Hunt Transport Services Inc:.

  • NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Sprint Nextel Corp., up 72 cents at $5.76. Safeway Inc., down 58 cents at $15.71.

  • NEW YORK, Oct 11- Kinder Morgan Inc:. *Shares off 3 percent after the bell on stock offering announcement. ( (New York Treasury Desk; Tel: 223 6300)).

  • WASHINGTON, Oct 11- The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.

  • The Dow Jones industrial average rose as much as 83 points, shrugging off a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. "There's not a lot to move the market today," said Erik Davidson, deputy chief investment officer of Wells Fargo Private Bank in San Francisco. "

  • NEW YORK, Oct 11- The Federal Reserve provided $1.98 billion in liquidity to foreign central banks in the latest week via its swap lines, New York Fed data showed on Thursday. The European Central Bank was the only central bank to tap the swap lines.

  • *Kraft will not pay royalties to Green Mountain. *Green Mountain stock falls, recovers. NEW YORK, Oct 11- Kraft Foods Group Inc plans to sell Maxwell House and Gevalia single-serve coffee pods compatible with Keurig brewing systems, in another blow to Keurig parent Green Mountain Coffee Roasters Inc.

  • *USDA hikes global ending stocks for 3rd month. NEW YORK, Oct 11- Cotton futures in New York fell their most in three weeks on Thursday after the U.S. Department of Agriculture raised its 2012/ 13 global ending stocks forecast for the fiber to a record high for a third consecutive month.

  • NEW YORK, Oct 11- Advanced Micro Devices Inc:.

  • NEW YORK, Oct 11- U.S. stocks ended little changed on Thursday as gains brought by a sign of improvement in the labor market were capped by a drop in Apple shares after a legal setback in a court ruling. The Nasdaq Composite Index was down 2.40 points, or 0.08 percent, at 3,049.38. ( (For multimedia versions of Reuters Top News: 3000 Xtra: visit BridgeStation: view story. 134==============================================================.

  • WASHINGTON, Oct 11- The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.

  • *Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday to their highest levels in weeks as tensions between Syria and Turkey escalated, while maintenance on North Sea oilfields pushed the premium for Europe's Brent crude to another one-year high.

  • NEW YORK-- Stocks are ending the day close to break-even despite some good news on jobs. The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years. Economists also look at the four-week average, and that hit a six-month low.

  • NEW YORK, Oct 11- Tom Hanks will make his Broadway debut playing a tabloid journalist in "Lucky Guy", a new drama by the late Nora Ephron, producers said in a statement on Thursday.

  • DALLAS-- Just weeks ago, American Airlines was working its way through bankruptcy court, on schedule for one of the fastest turnarounds in aviation history. Then seemingly overnight, American became the butt of jokes from Facebook to late-night TV. "American Airlines has a new slogan," Jay Leno joked on NBC's "The Tonight Show."