Top News & Analysis United States


  • --Kennesaw, Ga.- based Brand Energy& Infrastructure Services plans to issue a new $325 million senior secured second-lien credit facility. --We are assigning our issue-level rating of' CCC+' to the company's proposed $325 million second-lien term loan facility.

  • TORONTO, Oct 11- Canada's main stock index rose slightly on Thursday, recovering from three days of losses that culminated in a five-week low, encouraged by U.S. employment data and comments from the IMF that were seen as supporting stability in the euro zone.

  • 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.

  • News Summary: Lawsuit says buyout firms colluded Thursday, 11 Oct 2012 | 4:42 PM ET

    THE CHARGE: Executives at some of the country's largest private equity firms reportedly told each other they wouldn't drive up prices for companies they were looking to buy, according to new court documents.

  • US STOCKS-Wall St flat as Apple cuts jobs data gains Thursday, 11 Oct 2012 | 4:41 PM ET

    *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.

  • BRIEF-J.B Hunt shares up after earnings Thursday, 11 Oct 2012 | 4:40 PM ET

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

  • Sprint, Safeway, Oshkosh are market movers Thursday, 11 Oct 2012 | 4:37 PM ET

    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.

  • Fla. man accused of returning used enemas Thursday, 11 Oct 2012 | 4:36 PM ET

    JACKSONVILLE, Fla.-- Prosecutors say a Florida man resealed and returned used enemas to pharmacies who resold them to unsuspecting customers. Thirty-four-year-old Ronald Eugene Robinson, of Jacksonville, faces federal charges of tampering with consumer products. There were two phone listings for a Ronald E. Robinson in Jacksonville.

  • BRIEF-Kinder Morgan shares off 3 percent after the bell Thursday, 11 Oct 2012 | 4:35 PM ET

    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)).

  • Oct 11- Overview-- Sprint Nextel. The CreditWatch placement follows Sprint Nextel's announcement that it is in talks with Japan's Softbank Corp., which is seeking to buy all or part of Sprint Nextel.

  • "We have applied to the Department of Commerce to export domestic U.S. crude oil," Shell spokeswoman Kayla Macke told Reuters, adding that as a global commodity, imports and exports would follow supply and demand.

  • 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.

  • Market flatlines, pulled by jobless claims, Europe Thursday, 11 Oct 2012 | 4:30 PM ET

    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. "

  • TABLE-U.S. M-2 money supply up $74.0 bln Oct 1 week Thursday, 11 Oct 2012 | 4:30 PM ET

    M-2 money supply rose by $74.0 billion in the Oct. 1 week to $10,197.0 billion, the Federal Reserve said on Thursday. The Fed said the four-week moving average of M-2 was $10,138.0 billion vs. One week ended Oct. 1.

  • 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.

  • ,operator of the largest independent fleet of for-hire oil trucks in the United States, said on Thursday it has agreed to buy OMNI Energy Services Inc for $445 million to boost the size of its U.S. oilfield production and environmental services business.

  • Caterpillar says 2 group presidents retiring Thursday, 11 Oct 2012 | 4:26 PM ET

    PEORIA, Ill.-- Caterpillar said on Thursday that long-time executives Rich Lavin and Gerard Vittecoq are retiring, and the heavy-equipment maker named their replacements. Lavin was Caterpillar's group president for Construction Industries and Growth Markets.

  • ST. LOUIS, Oct 11- Big U.S. banks should be reduced in size to make their future failure more manageable, a senior Federal Reserve official said on Thursday, supporting a suggestion that banks' size be limited to a specific percentage of U.S. gross domestic product.

  • UPDATE 4-Kraft to sell Maxwell House K-cups for Keurig Thursday, 11 Oct 2012 | 4:24 PM ET

    *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.

  • Moody's lifts Harman credit out of junk status Thursday, 11 Oct 2012 | 4:23 PM ET

    STAMFORD, Conn.-- Moody's Investors Service on Thursday upgraded the credit rating for audio gear maker Harman International Industries Inc. to investment grade and out of junk status, saying that recent refinancing of its debt gives it more flexibility. Moody's assigned "Baa3" ratings to a $750 million unsecured line of credit and a $300 million unsecured loan.