,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.
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.
*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.
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.
*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:.
The General Motors brand said it intends to introduce 13 new or "significantly changed" products in the coming year- "13 in' 13," according to Chevrolet communications director Michael Albano- leaving the Cruze compact, introduced just two years ago, as the oldest car in Chevy's U.S. lineup.
Huawei is well established in Britain, and it has a partnership with the country's largest telecoms operator, BT Group PLC, to upgrade networks that stretches back to 2005..
WASHINGTON, Oct 11- The New England Compounding Center, the pharmacy at the heart of a deadly meningitis outbreak, assured federal health officials that it was producing safe products, according to regulators, who said on Thursday that the firm appears to have violated its state licensing requirements.
Oct 11- Safeway Inc, the second-largest U.S. supermarket chain, reported quarterly sales that missed Wall Street's view amid intense competition, and its shares fell more than 3 percent. Traditional grocers like Safeway and Kroger Co have tough competition from Wal-Mart Stores Inc and other retailers and they are fighting for every sale.
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.
BOSTON-- The Boston Marathon is full. The Boston Athletic Association said Thursday that registration for the 2013 race has closed. Other runners still have a chance to participate as part of a charity program that has raised more than $150 million in the past 25 years.
*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.
WASHINGTON, Oct 11- U.S. health authorities said on Thursday that more people than previously thought received possibly tainted steroid injections and that some 14,000 patients could be at risk of contracting meningitis in an unprecedented outbreak of the disease.
MINNEAPOLIS-- Despite the drought that parched much of the rest of the country, 2012 is shaping up as a pleasant surprise for many Minnesota farmers who are expected to harvest record corn and sugarbeet crops. "It went better than we thought it would _ by a long ways _ that's for sure," southwestern Minnesota corn and soybean farmer Scott Johnson said with a laugh.
HARTFORD, Conn.-- Outrage over unauthorized pay raises for Connecticut education staff members deepened Thursday with the state House Republican leader calling for the Board of Regents president to step down and the Democratic governor saying credibility must be restored "as quickly as possible."