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Top News & Analysis United States

  • The Lobster Academy runs from Monday through Thursday in St. Andrews, New Brunswick. The dean of the school is Bob Bayer, the head of the University of Maine's Lobster Institute. The academy evolved from the Lobster Institute's Lobster College, which was held in Boothbay Harbor and Winter Harbor for several years.

  • Sept 4- Following are details of the JPMorgan Global Purchasing Managers' Index for September. PMI Output Orders Jobs Deliv Stocks Inp New Prcs export Aug 48.1 47.4 46.7 49.5 50.6 48.9 49.5 46.5 Sept 48.9 48.1 48.1 50.7 50.0 48.3 52.7 47.1.

  • WICHITA, Kan.-- Seven men accused of cheating investors out of $132 million with false promises about companies that leased oil rigs are due in federal court in Wichita, Kan.. Six of the defendants are from Kansas; the other is from Oklahoma. Magistrate Judge Karen Humphreys in Wichita.

  • SUGAR LAND, Texas-- CVR Energy's refining subsidiary plans to raise up to $300 million in an initial public offering. CVR Refining LP plans to list its common units on the New York Stock Exchange under the ticker symbol "CVRR." Shares of CVR Energy Inc., based in Sugar Land, Texas, gained $3.70, or 10.1 percent, to $40.45 in morning trading.

  • NAIROBI, Oct 1- Kenya wants licensed oil and gas explorers to speed up their work to meet the terms of their contracts, and may invoke its right to cash in their guarantees if they fail to do so, a senior Ministry of Energy official said.

  • MONTPELIER, Vt.-- The Randolph- based Vermont Technical College is getting a $3.4 million federal grant for training programs for state industries that support agriculture, food production, waste disposal and energy production.

  • TVA said contractors will begin work this week to replace 108 sirens and add four more in its nuclear plant emergency zone in Bradley and Hamilton counties. TVA has done similar siren work at Browns Ferry Nuclear Plant near Athens, Ala., and plans an upgrade at Watts Bar Nuclear Plant in Spring City. TVA says it's investing $7 million in the project.

  • Oct 1- Harvard's flat re turns on its $30.7 billion endowment, the largest of any educational endowment in the world, is credit negative for the Boston- based university as it is for other endowment-dependent universities, Moody's investors service said on Monday.

  • WASHINGTON-- U.S. builders spent more to construct homes in August, further evidence of a housing rebound. Overall construction spending dipped 0.7 percent in August from July, the Commerce Department reported Monday. The decline lowered construction spending to a seasonally adjusted annual rate of $834.4 billion.

  • CHATHAM, Va.-- Leaders of the Virginia county that is home to one of the world's largest uranium deposits are set to debate the state's 30- year ban on the mining of the radioactive ore. The Pittsylvania County Board of Supervisors is scheduled to vote Monday on a resolution introduced by Supervisor Marshall Ecker.

  • KALAMAZOO, Mich.-- Medical device maker Stryker Corp. on Monday named Kevin Lobo, the president of its orthopedics business, as its new president and CEO, effective immediately.

  • --HealthPartners Inc.' s operating performance has strengthened during the past two years. Rating Action On Oct. 1, 2012, Standard& Poor's Ratings Services raised its ratings on Minneapolis, Minn.- based HealthPartners Inc. to' A-' from' BBB+'.

  • DETROIT-- Honda is recalling 573,000 Accord midsize cars in the U.S. to fix a defective power steering hose that can leak fluid and catch fire. Honda says one fire was reported but no injuries. The National Highway Traffic Safety Administration says the hoses can deteriorate prematurely, causing cracks and leaks.

  • WASHINGTON-- The Supreme Court won't hear a Florida man's attempt to challenge the use of full-body scanners at airports.

  • Oct 1- Lazard Ltd has named Edward Yorke as head of its North American financial sponsors group, where he will help advise private equity firms on transactions, the firm said in a press release on Monday. Yorke joins Lazard from Credit Suisse Group AG, where he was a managing director and vice chairman of investment banking for the Americas.

  • He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.

  • LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.

  • Oct 1- Standard& Poor's Ratings Services said today that it assigned its' BBB' rating to Orlando- based Darden Restaurants Inc.' s.

  • By Gernot Heller and James Regan. BERLIN/ PARIS, Oct 1- Airbus parent EADS and arms group BAE Systems must restructure a $45 billion merger, a top shareholder said, as a government source threatened that Britain would block talks to create the world's biggest defence company unless its demands were met.

  • COLUMBUS, Ga.-- Carmike Cinemas Inc. said Monday that it has bought 16 theaters for $19 million in cash, part of Carmike's push to expand through acquisitions. The theater chain bought the theaters, which have 251 screens, from Rave Reviews Cinemas LLC, which is owned by investment firm BV Investment Partners.