×

Top News & Analysis United States

  • By Catherine Bosley and Steve Slater. ZURICH/ LONDON, Oct 11- Nationally important banks will need to hold extra capital from 2016 to cushion the impact on their domestic economies if they hit trouble, but the global banking watchdog will leave it up to national regulators to say how much more.

  • *Canada blames Europe, U.S. economies for falling revenues. *Few see Q3 economic growth meeting Bank of Canada forecast. OTTAWA, Oct 11- Canada's imports in August dropped by a surprising 3.1 percent from July, suggesting the Canadian economy is struggling to cope with weak international markets and slowing domestic demand.

  • BRUSSELS, Oct 11- The European Commission said on Thursday it has asked the World Trade Organisation to set up a panel to look into what Brussels sees as the United States' refusal to stop subsidies to planemaker Boeing in the world's largest trade dispute.

  • Kythera Biopharmaceuticals shares are trading above their offering price in their first day listed on the Nasdaq Stock Market. The stock jumped 81 cents, or 4.4 percent, to $19.30 in late morning trading, and earlier traded as high as $20.59.

  • BOSTON, Oct 11- Activist investor Carl Icahn on Thursday offered to buy all outstanding shares of U.S. truckmaker Oshkosh Corp for $32.50, a 21 percent premium to their Wednesday closing price.

  • BAKU/ LONDON, Oct 11- Azerbaijan accused BP on Wednesday of making "false promises" on oil output and said the state had missed out on $8 billion of potential revenues from what is one of the company's biggest projects in the world.

  • NEW YORK, Oct 11- Oshkosh Corp:. *Shares halted after rising 11.5 percent in late morning trade. *Shares up 14.7 after stock resumes trading.

  • NEW YORK, Oct 11- Sprint Nextel Corp:.

  • *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.