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  • WASHINGTON— Almost 12,000 students are asking the federal government to forgive their college loan debt, asserting their school either closed or lied to them about job prospects. The figure represents an unprecedented spike in what's called a "borrower's defense" claim following the collapse Corinthian Colleges for-profit college chain, which had become a...

  • MALVERN, Pa. _ Vishay Precision Group Inc. on Thursday reported second-quarter profit of $1.5 million. The Malvern, Pennsylvania- based company said it had net income of 11 cents per share. Keywords: Vishay Precision, Earnings Report.

  • MINNEAPOLIS— General Mills is selling its Green Giant and Le Sueur vegetable businesses to B&G Foods Inc. for about $765 million in cash. General Mills will still run Green Giant's European business and certain other export markets under license from B&G Foods. General Mills Inc. anticipates the transaction adding about 5 cents to 7 cents per share to fiscal...

  • FRANKFURT, Sept 3- The European Central Bank said on Thursday it was holding its 60 billion euro a month asset purchase limit unchanged, but raised the amount of any one issue it could buy to 33 percent from 25 percent. "The Governing Council will closely monitor all relevant incoming information. The ECB has been buying 60 billion euros worth of assets, mostly...

  • Greif posts 3Q profit 32 Mins Ago

    DELAWARE, Ohio _ Greif Inc. on Thursday reported fiscal third-quarter net income of $8.6 million. The Delaware, Ohio- based company said it had profit of 15 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

  • OTTAWA, Sept 3- Canada's export sector posted healthy growth for the second month in a row in July, helping cut the country's trade deficit to an eight-month low of C $593 million, Statistics Canada said on Thursday. Exports to the United States, which accounted for 76.4 percent of Canada's global total in July, rose by 2.1 percent, while imports grew 4.3 percent.

  • CHARLOTTE, N.C. _ Piedmont Natural Gas Co. on Thursday reported a loss of $8.3 million in its fiscal third quarter. Piedmont Natural Gas expects full-year earnings to be $1.82 to $1.92 per share. Piedmont Natural Gas shares have decreased slightly more than 4 percent since the beginning of the year.

  • The concern is that U.S. growth will be hurt by further declines in exports, reflecting a stronger dollar and overseas weakness in nations such as China. A sharp slowdown in China has roiled financial markets in recent weeks as investors have grown concerned that weakness in the world's second largest economy could have a more adverse impact on global growth.

  • WASHINGTON— More Americans applied for unemployment benefits last week, but applications remain at historically near low levels in a positive sign for the U.S. economy amid a broader global slowdown. The Labor Department said Thursday that weekly applications for unemployment aid rose 12,000 to a seasonally adjusted 282,000. The four-week average, a less...

  • WASHINGTON— Applications for US unemployment benefits rose last week but remain historically low at 282 k.

  • WASHINGTON, Sept 3- The U.S. trade deficit fell in July to its lowest level in five months as exports rose, signaling underlying strength in the economy amid concerns about a global growth slowdown. The Commerce Department said on Thursday the trade gap narrowed 7.4 percent to $41.9 billion, the smallest since February. June's trade deficit was revised to $45.2...

  • WASHINGTON, Sept 3- The number of Americans filing new applications for unemployment benefits rose more than expected last week, but the underlying trend remained consistent with a strengthening labor market. Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 282,000 for the week ended Aug. 29, the Labor Department...

  • MARTINSVILLE, Va. _ Hooker Furniture Corp. on Thursday reported fiscal second-quarter profit of $3.9 million. Hooker Furniture shares have increased 40 percent since the beginning of the year. Keywords: Hooker Furniture, Earnings Report.

  • Sept 3- Medtronic Plc reported a better-than-expected 70 percent rise in quarterly revenue, helped by higher sales of its heart and vascular devices in the United States and the Covidien acquisition. Dublin- based Medtronic's revenue rose to $7.27 billion from $4.27 billion a year earlier. Medtronic said sales in its cardiac and vascular business, which makes...

  • *China markets closed for public holiday. *Coming up: U.S. Weekly jobless claims at 1230 GMT. LONDON, Sept 3- Gold fell on Thursday, under pressure from a steady dollar and firmer share markets as investors awaited a European Central Bank news conference and a U.S. jobs report that could provide clues on the timing of a Federal Reserve rate rise.

  • CHICAGO, Sept 3- CVS Health Corp said on Thursday its decision to stop selling tobacco products last year led to a 1 percent decrease in cigarette sales in some states where the drugstore chain has a sizeable presence. The September 2014 decision hurt sales, with general merchandise revenue at CVS pharmacies open at least a year falling 7.8 percent in the second...

  • FRANKFURT, Sept 3- The European Central Bank is set to cut its inflation forecasts on Thursday but hold back from concrete policy action, promising only to beef up its bond-buying program if growth and inflation prospects weaken further. The bank, which left interest rates unchanged in a widely predicted decision, is expected to say the chances of missing its...

  • Sept 3- Campbell Soup Co reported an 8.6 percent fall in fourth-quarter sales, hurt by a strong dollar, weak sales of its soups and cookies, and one less week in the quarter. Sales in the global baking and snacking unit, which includes Pepperidge Farm cookies and Goldfish crackers, fell 12 percent to $553 million. Net income attributable to the company halved to $68...

  • FRANKFURT, Sept 3- The European Central Bank left interest rates unchanged on Thursday, holding them at record lows as it prints money to lift the economy and raise inflation. The decision to leave the cost of borrowing unchanged was widely expected after the ECB cut rates to rock-bottom levels a year ago and repeatedly said they had hit "the lower bound".