×

Top News & Analysis United States

  • *Sprint, Clearwire soar in early trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, according to a source with direct knowledge of the matter, adding yet another potential shake-up to the fast-changing U.S. wireless market.

  • WASHINGTON, Oct 11- The giant panda cub that died at the National Zoo in Washington last month succumbed to liver disease caused by inadequately formed lungs, officials said on Thursday, releasing findings they hope will help them learn more about breeding the endangered black and white bears.

  • WASHINGTON, Oct 11- A U.S. appeals court overturned a preliminary injunction banning the sale of Samsung Electronics Co Ltd's Galaxy Nexus smartphone on Thursday, sending the case back to a California court for reconsideration.

  • NEW YORK, Oct 11- Brent crude held and U.S. crude futures pared gains in choppy trading on Thursday on a report from the U.S. Energy Information Administration showing crude inventories rose in the United States last week, after oil prices had been lifted earlier by heightened tensions between Turkey and Syria.

  • RICHMOND, Va.-- The parents of two Virginia Tech students who successfully sued the state for the deaths of their daughters in a 2007 campus massacre now want to hold the university's president accountable for failing to alert students and faculty of the first shootings on campus.

  • LITTLE FALLS, N.J.-- Cantel Medical Corp. said Thursday its net income more than doubled in the fiscal fourth quarter, helped by a tax benefit and stronger results from its endoscopy and water filtration units. Cantel, which anti-infection equipment for hospitals, said it earned $9.6 million, or 35 cents per share, in the three months ended July 31.

  • WASHINGTON, Oct 11- The Federal Reserve wants the economy to grow more robustly but is not actively seeking higher inflation rates, Fed Board Governor Jeremy Stein said on Thursday.

  • NEW YORK, Oct 11- U.S. crude oil stocks rose last week while distillate inventories fell more sharply than forecast, government data showed on Thursday. Domestic stocks of crude rose by 1.67 million barrels in the week to Oct. 5, the Energy Information Administration reported, as imports rose.

  • The court earlier ordered the seizure of the Argentine tall sailing ship at Tema harbor following judgments against Argentina issued by the United States District Court and supported by similar court rulings in the United Kingdom. Justice Richard Agyei-Frimpong said Thursday that Argentina had not shown why the injunction on the ship should be set aside.

  • NEW YORK-- Shares of coal mining companies surged Thursday and Dahlman Rose& Co. predicted that demand may be on the rise from steel manufacturers in China.

  • NEW YORK, Oct 11- U.S. seasonally adjusted commercial paper outstanding fell $10.2 billion in the week ended Oct. 10, according to data issued by the Federal Reserve on Thursday. U.S. commercial paper outstanding, not seasonally adjusted, fell $10.7 billion in the week. U.S. foreign bank commercial paper, not seasonally adjusted, rose $900 million.

  • NEW YORK-- The nation's crude oil supplies increased last week, the government said Wednesday. Crude supplies grew by 1.7 million barrels, or 0.5 percent, to 366.4 million barrels, which is 8.5 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

  • WASHINGTON, Oct 11- For details of the U.S. Treasury's auctions of reopened 30- year TIPS next week, see:. 29- year 10- month 2-3/ 4% bond reopened:.

  • Our projected distressed EBITDA multiple for NTELOS is 4 x and recognizes the company's limited geographic footprint as well as the substantial, and growing reliance on a wholesale contract with Sprint Spectrum L.P. Our `BB-' corporate credit ratings on NTELOS are not affected by the refinancing.

  • NEW YORK, Oct 11- Does an office perk count as a benefit if you pay for it yourself? Apparently so, because an increasing number of companies are using so-called voluntary benefits to bulk up workplace offerings.

  • COPENHAGEN, Oct 11- PensionDanmark became the latest manager of retirement funds to branch out in the hunt for higher returns, saying it would invest 1.6 billion euros in energy infrastructure in Europe and the United States.

  • SIOUX FALLS, S.D.-- To all the girls and boys, makin' all that noise: Alice Cooper has found you some new toys. The heavy metal icon was in South Dakota on Wednesday to help kick-off a 6,000- square-foot rock `n' roll academy for local Boys& Girls Club members.

  • MIAMI-- A third victim of a massive parking garage collapse at a Miami college died Thursday morning, just hours after rescuers pulled him from beneath piles of twisted steel and crumbled concrete, police said. Samuel Perez, 53, had been trapped in the collapse Wednesday at Miami Dade College.

  • The agency reported Thursday it expects Kansas growers to harvest 82.5 million bushels of soybeans. The estimate for corn production in Kansas of 382.2 million bushels remains unchanged from last month.

  • The USDA now estimates that farmers will harvest 10.71 billion bushels of corn, down from last month's estimate of 10.73 billion bushels. The USDA said 69 percent of the nation's corn crop has been brought in from the fields as of Monday, more than double the average rate of the previous five years.