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Top News & Analysis United States

  • 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.

  • Oct 5- Southwest Airlines Co said on Friday traffic fell 2.1 percent in September, as fewer passengers boarded its planes. The Dallas- based discount carrier said traffic, measured by revenue passenger miles, fell to 7.76 billion in the month from 7.93 billion a year earlier. In the third quarter, unit revenue likely increased about 1 percent, Southwest added.

  • HOUSTON-- Actress Daryl Hannah of "Splash" fame was arrested in northeast Texas on Thursday, along with a 78- year-old landowner as the pair protested an oil pipeline designed to bring crude from Canada to the Gulf Coast.

  • CHICAGO-- A federal judge sentenced former Illinois powerbroker William Cellini to a year in prison Thursday for conspiring to shake down a movie producer, capping off the last trial to stem from the investigation of former Gov.

  • SAN FRANCISCO-- Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. In Southern California, the price jumped 20 cents a gallon overnight to $4.53 in Ventura.

  • The steroid medication suspected in an outbreak of a rare kind of meningitis was shipped to 23 states, according to the Centers for Disease Control and Prevention. The specialty pharmacy that made the steroid, New England Compounding Center of Framingham, Mass., recalled three lots of the drug last week and has shut down operations.

  • Federal and state health officials are investigating an outbreak of a rare and deadly form of meningitis. Most of the cases are in Tennessee, the rest in Florida, Indiana, Maryland, North Carolina and Virginia. A: A specialty pharmacy, New England Compounding Center in Framingham, Mass., custom-made the steroid.

  • The Food and Drug Administration urged physicians not to use any products at all from the Massachusetts pharmacy that supplied the preservative-free methylprednisolone acetate.