IBT Staff Reporter

49531-49560 (out of 154943)

Jobless claims fall to 7-month low

New U.S. claims for unemployment benefits dropped to a seven-month low last week, a government report showed on Thursday, suggesting the labor market was gaining some traction.

Gold miners eye explorers on Canada's Yukon trail

As winter draws in across Canada's northern Yukon territory, big mining companies are prospecting for bargains among the army of junior explorers staking claims in what's shaping up as the region's second big gold rush.

UBS poised to slash risk and pare profit targets

Sergio Ermotti, the suave new boss of UBS AG , could signal the Swiss bank's return to dividend payments later on Thursday as part of plans to slash risky investment banking and re-focus on the core business of managing the assets of the world's wealthy.

Spanish, French borrowing costs raise contagion alarm

Spain and France faced sharply higher borrowing costs on Thursday, struggling with bond auctions that highlighted the threat of larger euro zone economies succumbing to the debt crisis that began in Greece and is now threatening Italy.

Indian minister says no Kingfisher bailout

India's civil aviation minister ruled out a public bailout for India's Kingfisher Airlines or any other airline, urging private airlines in India to put their own house in order.

Sears loss widens as sales fall

Sears Holdings Corp's quarterly loss almost doubled as weak demand for gadgets and a reputation for run-down locations hurt sales at the operator of Sears department stores and the Kmart discount chain.

Wall St protesters march on New York Stock Exchange

About 500 Occupy Wall Street protesters marched from a New York park on Thursday to the stock exchange for a protest that the movement against economic inequality hoped would attract tens of thousands of people.

UK sells Northern Rock to Virgin Money

The British government has agreed to sell Northern Rock, the failed mortgage lender it nationalized in 2008, to Virgin Money, the banking arm of Richard Branson's Virgin empire.

U.S. Stock Futures Signal Pause After Selloff

Stock index futures pointed to a steady-to-lower open on Wall Street on Thursday, with futures for the S&P 500 flat, Dow Jones futures down 0.04 percent and Nasdaq 100 futures down 0.15 percent at 1055 GMT.

Spanish, French Bond Costs Climb, Raising Contagion Fear

Spain and France struggled with government bond auctions on Thursday, throwing into sharp relief the threat of larger euro zone economies succumbing to the debt crisis that began in Greece and is already lapping at Italy's shores.

Higher food prices help Ahold top Q3 forecasts

Dutch grocer Ahold beat forecasts with a 5 percent rise in third-quarter profit as it gained market share and managed to pass on higher food costs to cash-strapped shoppers in its main U.S. business.

Stocks Down, Bunds up as Spanish Debt Costs Jump

World stocks hit a one-week low on Thursday and Bunds rose as Spain paid more than at any time since 1997 to sell ten-year debt, sparking fears it may join other euro zone peripheral states in being unable to finance itself.

France and Germany clash over ECB crisis role

France and Germany, Europe's two central powers, have stepped up their war of words over whether the European Central Bank should intervene more forcefully to halt the euro zone's debt crisis after modest bond purchases failed to calm markets.

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