Top News & Analysis United States

More

  • NEW CASTLE, Pa.-- A New Jersey firm has plans to build a 900 megawatt, $750 million natural gas-fired power plant in western Pennsylvania. LS Power, which has offices in East Brunswick, N.J. and St. Louis says the plant in North Beaver Township, Lawrence County, will be fueled from gas drawn from a pipeline out of Tennessee.

  • WASHINGTON, Oct 11- A U.S. appeals court overturned a preliminary injunction on the sale of Samsung Electronics Co Ltd's Galaxy Nexus smartphone on Thursday, dealing a blow to Apple Inc in a battle against Google Inc's increasingly popular mobile software.

  • *Sprint, Clearwire soar in afternoon trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp may buy a majority stake in Sprint Nextel Corp to establish a foothold in the U.S. wireless market, in what could be the largest Japanese acquisition ever in America.

  • NEW YORK-- Billionaire investor Carl Icahn plans to make an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. The activist investor said Thursday that he will make a tender offer worth $32.50 per share in cash, a 21 percent premium over Oshkosh's latest closing price.

  • AVONDALE, Penn., Oct 11- When the U.S. Federal Reserve eventually begins to sell some of the assets it has accumulated over the last few years it risks logging losses if longer-term interest rates are rising, a top central bank official said on Thursday.

  • NEW YORK-- Tom Hanks will play a gutsy New York City newspaper columnist when he makes his debut on Broadway in the spring. Previews begin March 1 at the Broadhurst Theatre and an opening night is set for April 1.

  • *Targets areas of Nevada where little drilling seen so far. *Noble has 350,000 Nevada acres. Oct 11- Noble Energy said on Thursday it plans to explore for crude oil in areas of Nevada that have seen little drilling, as the U.S. exploration and production company starts to assess its longer-term prospects.

  • Vice President Joe Biden to deliver a feisty performance Thursday evening during a high-stakes debate against Republican challenger Paul Ryan and seize back momentum in the race for the White House.

  • AVONDALE, Penn., Oct 11- The Federal Reserve's intention to keep interest rates ultra low for nearly three more years is suggesting to some that the Fed is willing to cut the jobless rate at the expense of higher inflation, putting the central bank's credibility at risk, a top Fed official said on Thursday.

  • PARIS, Oct 11- An Air France-KLM flight from Paris to New York was forced to turn back to Charles de Gaulle airport due to a "minor technical problem" with the plane's windshield, a spokesman for the airline said on Thursday. The 261 passengers on flight AF010 landed safely and are due to fly out again at 10 p.m. on another Airbus.

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

  • *Plans to maintain plants in Greece but most activity abroad. ATHENS, Oct 11- Greece's biggest company, Coca Cola Hellenic, is leaving the country, the drinks bottler said on Thursday as its move to Switzerland and a London listing for its shares dealt a blow to the crippled Greek economy.

  • NEW YORK, Oct 11- U.S. Treasuries prices extended losses on Thursday after a sale of $13 billion of 30- year bonds. Prices for both 10- and 30- year debt fell shortly after the sale, with 10- year notes down 10/ 32 in price to yield 1.713 percent.

  • NEW YORK, Oct 11- U.S. seasonally adjusted commercial paper outstanding fell $10.2 billion in the week ended Oct. 10, according to data issued by the Federal Reserve on Thursday.

  • Oshkosh needs proactive shareholders to bring a proactive management team together to weather a volatile economy. " Oshkosh said its board would advise shareholders of its position on the offer within 10 business days, and suggested that shareholders not act on the offer until the board has reviewed it.

  • *To offer medicare prescription drug, health plans at select Walgreens in. *To collaborate with Walgreens during upcoming medicare annual election period. in Florida and Puerto Rico* Source text* Further company coverage.

  • *Cooper Tire shares jump as much as 11 pct. is in the process of acquiring a controlling stake in U.S.-based Cooper Tire& Rubber Co in a deal valued at between $600 million and $800 million, India's Economic Times reported. Shares of Cooper Tire jumped as much as 11 percent to $20.76, valuing the company at $1.3 b illion.

  • NEW YORK-- Shares of Stillwater Mining Co. tumbled Thursday, after the palladium and platinum producer announced plans to sell $300 million in notes.

  • *U.S. to sell $13 billion in 30- year bonds. *Rating cut on Spain cushions bonds' price drop. "This suggests some improvement in the labor market," fueling selling in Treasuries, said David Keeble, global head of interest rate strategy at Credit Agricole Corporate& Investment Bank in New York.

  • *Sprint, Clearwire soar in early trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp and U.S. operator Sprint Nextel Corp. are in talks about a deal that could see Softbank assume control of Sprint.