Oct 5- The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc said they settled a dispute over $38 billion in asset claims, a major step toward customers and creditors recovering money.
Labor Secretary Hilda Solis, in response to questions from a television anchor casting doubt on the validity of the latest jobless rate figures, said the idea it was manipulated is "ludicrous." "I'm insulted when I hear that, because we have a very professional civil service organization.
NEW YORK, Oct 5- The failure of the U.S. housing market to fully respond to the Federal Reserve's easy money policies remains a headwind to overall economic growth, an influential U.S.
Peter Shumlin said Thursday that cell telephone and data service in parts of rural Caledonia and Orange counties will improve, thanks to a $2 million federal grant to the telecommunications company VTel.
CHARLESTON, W.Va.-- Century Aluminum Co.' s shuttered West Virginia plant would pay a special electricity rate for up to 10 years if it reopens, but ultimately must cover its entire energy costs from that time, the state's utility regulator ruled Thursday.
BATON ROUGE, La.-- The LSU governing board backed a plan Thursday to deepen cuts to $152 million for the university-run public hospitals that care for the poor and uninsured, eliminating dozens of inpatient beds, clinic services and nearly 1,500 jobs.
WASHINGTON-- President Barack Obama, reeling from a poor debate performance, won a valuable reprieve Friday with a reduced unemployment number in September that brought the jobless rate down to a level unseen since January 2009 when he took office.
Higher-end retailers like Bloomingdales's, Saks Fifth Avenue and Nordstrom are also dangling bonus dollars in front of their customers and tying them to store credit cards, according to Mary Delk, director in the retail practice of the consultancy Deloitte LLP in Charlotte, North Carolina.
WASHINGTON, Oct 5- A top White House economic adviser said on Friday that the lower U.S. jobless rate in September showed the economy was continuing to recover but that more steps were needed to dig out of the deep hole created by recession.
NEW YORK-- Nearly 4,000 young people have participated in the first year of a sweeping effort to help young minority men in ways ranging from job internships to inmate education, New York City Mayor Michael Bloomberg said Thursday.
Benchmark oil is now down $1.25 to $90.46 per barrel in New York. Traders are trying to gauge the strength of global oil demand while watching developments surrounding Syria in the Middle East. In London, Brent crude, which is used to price international varieties of oil, was down 8 cents to $112.50.
NEW YORK-- An analyst reiterated his "Buy" rating on plane maker Boeing Co. Friday, noting a recent pullback in the stock and an improving mix of aircraft deliveries. Boeing delivered 10 new Apache attack helicopters, 18 Chinook cargo helicopters and 12 F-18 fighter-bomber jets in the third quarter.
WASHINGTON-- Republican presidential nominee Mitt Romney says a drop in the nation's unemployment rate to 7.8 percent "is not what a real recovery looks like." The former Massachusetts governor responded to the September jobs report out Friday by arguing that Obama has a failed record on the economy.
NEW YORK-- Stocks are rising in early trading on Wall Street after the government reported that the U.S. unemployment rate fell below 8 percent for the first time in almost four years. The Dow Jones industrial average rose 66 points to 13,641 shortly after the opening bell Friday.
DETROIT-- Drivers of the Hyundai Veloster could be in for a surprise while cruising down the highway. The probe affects about 18,000 vehicles from the 2012 model year, the National Highway Traffic Safety Administration said Friday. Hyundai said it is working with NHTSA on the investigation.
NEW YORK, Oct 5- U.S. stocks rose at the open on Friday with the S&P 500 set to hit its highest since 2007, as the September payrolls report showed a surprise drop in the jobless rate and gave legs to this week's rally. The Dow Jones industrial average gained 56.93 points, or 0.42 percent, to 13,632.29.
NEW YORK, Oct 5- U.S. natural gas futures traded mixed early on Friday, with front-month contracts pressured by the previous day's bearish inventory report and milder mid-month weather forecasts despite cool temperatures over the next week that should stir demand.
LONDON, Oct 5- Design and engineering firm WS Atkins could be next in the firing line for its part in a flawed $9 billion dollar rail deal torn up by Britain's government this week, sending its shares down 4 percent.
U.S. stocks were poised to rise at the open, with the S&P 500 set to hit its highest since 2007, as a surprise drop in the jobless rate gives legs to this week's rally. S&P 500 futures rose 6.2 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
*Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil held above $112 per barrel on Friday after figures showed fewer people out of work in the United States, the world's biggest oil consumer.