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• Wall Street dips on economic concerns, but off lows
• Leading economic indicator dips in August
• Microsoft, HP skirted taxes via offshore units: Senate panel
• Factory, jobless claims data signal weakness
• Exclusive: Wal-Mart stops selling Amazon Kindles
• U.S. household debt posts largest rise since 2008
• Madoff victims to receive $2.48 billion payout
• Forceful QE3 needed to aid economy: Fed's Rosengren
• Spain borrowing costs ease at auction, relief may be brief
• U.S. factories struggle, Europe and China slump
• Stock prices reduced US household wealth in Q2
• US unemployment claims fell last week to 382,000
• US stocks follow global markets lower
• Starbucks turns up heat on coffee brewer market
• Trulia shares climb in debut on NYSE
• Kroger adds clothing to shopping list in Ohio
• Rate on 30-year mortgage falls to record 3.49 pct.
• Measure of future US activity fell in August
• Manufacturing in Philly area shrinks for 5th month
• Simon Property settles with tycoon's estate
• Simon Property settles with tycoon's estate
• CAW may give strike notice if no GM deal Thursday: report
• Wall Street dips on economic concerns, but off lows
• US stocks follow global markets lower
• Stock prices reduced US household wealth in Q2
• Spain borrowing costs ease at auction, relief may be brief
• Worker stabbed to death at Chrysler plant in Detroit
• Kroger adds clothing to shopping list in Ohio
• Poland urges Ukraine to make East-West choice
• U.S. factories struggle, Europe and China slump
• News Summary: Rates on US mortgages at record lows
• US mortgage rates for past 52 weeks at a glance
• Exclusive: Wal-Mart stops selling Amazon Kindles
• Nigeria's largest airline halts domestic flights
• Brent crude rallies more than $1 after three-day slide
• U.S. household debt posts largest rise since 2008
• UK police arrest journalist in phone hacking probe
• Starbucks to elbow in on Green Mountain with one-cup brewer
• Bank security group warns of website attacks
• EADS hopes for quick political decision on BAE plan

Wall Street dips on economic concerns, but off lows Posted: 20 Sep 2012 09:39 AM PDT NEW YORK (Reuters) - Stocks declined on Thursday, but were off session lows, as investors weighed sluggish economic figures from around the world against efforts by central banks to prop up their respective economies with strong stimulus measures. The number of Americans filing new claims for jobless benefits fell last week, but from an upwardly revised number the prior week, with the underlying tone of the report pointing to some weakening in the labor market. A separate report showed factory activity in the U.S. ...

Leading economic indicator dips in August Posted: 20 Sep 2012 07:29 AM PDT WASHINGTON (Reuters) - A gauge of future U.S. economic activity slipped in August, the Conference Board said on Thursday, pointing to sluggish economic growth in the months ahead. The group's Leading Economic Index dipped 0.1 percent to 95.7 after rising 0.5 percent in July. That was in line with economists' expectations and reflected weak manufacturing orders and consumers' perceptions of business conditions. "The economy continues to be buffeted by strong headwinds domestically and internationally," said Ken Goldstein, an economist at the Conference Board. ...

Microsoft, HP skirted taxes via offshore units: Senate panel Posted: 20 Sep 2012 08:55 AM PDT WASHINGTON (Reuters) - Technology giants Microsoft Corp and Hewlett-Packard Co used offshore units to shield billions of dollars from U.S. taxes by taking advantage of loopholes in the tax code, a U.S. Senate panel said on Thursday. Describing tax avoidance as rampant in the technology sector, the Senate's Permanent Subcommittee on Investigations said tech companies used intellectual property, royalties and license fees in tax havens such as the Cayman Islands to skirt U.S. taxes. "The high-tech industry is probably the No. ...

Factory, jobless claims data signal weakness Posted: 20 Sep 2012 08:00 AM PDT WASHINGTON (Reuters) - U.S. manufacturing closed out its weakest quarter in three years this month and the number of Americans filing new claims for jobless benefits held near two-month highs last week, suggesting the economic recovery is failing to gain traction. The weak growth tone was also emphasized by other reports on Thursday showing a contraction in the Mid-Atlantic factory activity for a fifth straight month in September and a dip in a measure of future economic activity in August. "I don't think the economy is going anywhere fast. ...

Exclusive: Wal-Mart stops selling Amazon Kindles Posted: 20 Sep 2012 09:18 AM PDT (Reuters) - Wal-Mart Stores Inc will no longer sell Amazon.com Inc's Kindle products, making it the second major chain to stop selling Amazon's devices, as the world's largest retailer makes a bet that consumers are more interested in other gadgets. "We have recently made the business decision to not carry Amazon tablets and eReaders beyond our existing inventory and purchase commitments," Wal-Mart said in a memo sent to store managers dated Wednesday. "This includes all Amazon Kindle models current and recently announced. ...

U.S. household debt posts largest rise since 2008 Posted: 20 Sep 2012 09:08 AM PDT WASHINGTON (Reuters) - U.S. households increased their borrowing by the most since early 2008 in the second quarter while their worth declined, suggesting many consumers are still struggling three years into an economic recovery. Household debt climbed $39.4 billion, the first gain in over a year, to $13 trillion in the second quarter, according to Federal Reserve data issued on Thursday -- just $2 trillion shy of the country's total yearly economic output. Americans' financial net worth retreated by over $300 billion to $62.7 trillion. ...

Madoff victims to receive $2.48 billion payout Posted: 20 Sep 2012 07:15 AM PDT (Reuters) - Victims of Bernard Madoff's fraud will soon receive $2.48 billion to help cover their losses, more than tripling their total recovery to about $3.63 billion, the trustee liquidating the imprisoned swindler's firm said. Checks ranging from $1,784 to $526.9 million were mailed on Wednesday to 1,230 former customers of Bernard L. Madoff Investment Securities LLC, according to trustee Irving Picard. The average payout is $2.02 million. Madoff's victims earlier recovered $1. ...

Forceful QE3 needed to aid economy: Fed's Rosengren Posted: 20 Sep 2012 06:46 AM PDT QUINCY, Massachusetts (Reuters) - The Federal Reserve's new stimulus policy is essential to get the U.S. recovery back on track and to avoid damaging economic stagnation, a top Fed official said on Thursday. Boston Fed President Eric Rosengren said he strongly supported the U.S. central bank's decision last week to launch a potentially massive program of asset purchases, arguing its risks are considerably smaller and more manageable than doing nothing. ...

Spain borrowing costs ease at auction, relief may be brief Posted: 20 Sep 2012 09:33 AM PDT MADRID (Reuters) - Spain's 10-year borrowing costs fell to their lowest level since January in an auction on Thursday, although the relief from market pressure may be short lived as Prime Minister Mariano Rajoy hesitates over seeking an international bailout. The yield on the benchmark 2022 bond fell to 5.666 percent with almost three times more offered than the amount sold. Demand was also strong for a three-year bond. The Treasury sold a total of 4.8 billion euros ($6.27 billion) in the bonds, above its target. ...

U.S. factories struggle, Europe and China slump Posted: 20 Sep 2012 09:29 AM PDT NEW YORK (Reuters) - U.S. manufacturing suffered its weakest quarter in three years and conditions at European businesses worsened, surveys showed on Thursday, while China's economy continued to lose momentum. The data shed more light on the difficult task facing global policymakers, particularly in Europe and the United States, who have tried to increase growth with aggressive monetary stimulus. The U.S. manufacturing sector closed out its worst three months in September since the third quarter of 2009, according to financial information firm Markit. ...

Stock prices reduced US household wealth in Q2 Posted: 20 Sep 2012 09:36 AM PDT Americans' wealth dipped about 0.5 percent in the April-June quarter as a drop in stock prices more than offset a gain in home values.

US unemployment claims fell last week to 382,000 Posted: 20 Sep 2012 07:29 AM PDT The number of Americans seeking unemployment benefits fell only slightly last week to a seasonally adjusted 382,000. The level suggests hiring remains weak.

US stocks follow global markets lower Posted: 20 Sep 2012 09:37 AM PDT A batch of worrying economic figures tugged stock markets down Thursday. Measures of manufacturing and business activity in both China and Europe slumped.

Starbucks turns up heat on coffee brewer market Posted: 20 Sep 2012 04:46 AM PDT Starbucks Corp. is about to turn up the heat on the single-serve coffee market, and someone might get burned.

Trulia shares climb in debut on NYSE Posted: 20 Sep 2012 08:41 AM PDT Shares of Trulia Inc. jumped more than 40 percent in their first day of trading on the New York Stock Exchange, marking one of the biggest gains in a trading debut in recent months.

Kroger adds clothing to shopping list in Ohio Posted: 20 Sep 2012 09:32 AM PDT Add a pair of blue jeans to the grocery list.

Rate on 30-year mortgage falls to record 3.49 pct. Posted: 20 Sep 2012 08:37 AM PDT The average U.S. rate on the 30-year fixed mortgage touched its record low this week and the rate on 15-year mortgage hit a new record.

Measure of future US activity fell in August Posted: 20 Sep 2012 07:57 AM PDT A measure of U.S. economic activity declined in August for the second time in three months, suggesting the economy remains weak.

Manufacturing in Philly area shrinks for 5th month Posted: 20 Sep 2012 08:11 AM PDT Manufacturing in the Philadelphia region shrank for a fifth straight month in September, suggesting demand for American-made goods has weakened.

Simon Property settles with tycoon's estate Posted: 20 Sep 2012 09:44 AM PDT Simon Property Group Inc. has settled a dispute with the estate of shopping mall magnate Melvin Simon that's netted his trust's ultimate beneficiaries nearly $1 billion.

Simon Property settles with tycoon's estate Posted: 20 Sep 2012 09:44 AM PDT Simon Property Group Inc. has settled a dispute with the estate of shopping mall magnate Melvin Simon that's netted his trust's ultimate beneficiaries nearly $1 billion.

CAW may give strike notice if no GM deal Thursday: report Posted: 20 Sep 2012 09:42 AM PDT TORONTO (Reuters) - The Canadian Auto Workers union wants a contract deal in place with General Motors Co by the end of Thursday and may serve the automaker with 24 hours' notice of a strike if it is not, the Financial Post newspaper reported. "My gut feeling says that we have to pound away today, and if we don't get a deal today, to put pressure on both sides, we're going to have to give notice," the Post quoted CAW National President Ken Lewenza said. "The issues that are left should come to a conclusion either their way or our way shortly," he told the newspaper. ...

Wall Street dips on economic concerns, but off lows Posted: 20 Sep 2012 09:39 AM PDT NEW YORK (Reuters) - Stocks declined on Thursday, but were off session lows, as investors weighed sluggish economic figures from around the world against efforts by central banks to prop up their respective economies with strong stimulus measures. The number of Americans filing new claims for jobless benefits fell last week, but from an upwardly revised number the prior week, with the underlying tone of the report pointing to some weakening in the labor market. A separate report showed factory activity in the U.S. ...

US stocks follow global markets lower Posted: 20 Sep 2012 09:37 AM PDT A batch of worrying economic figures tugged stock markets down Thursday. Measures of manufacturing and business activity in both China and Europe slumped.

Stock prices reduced US household wealth in Q2 Posted: 20 Sep 2012 09:36 AM PDT Americans' wealth dipped about 0.5 percent in the April-June quarter as a drop in stock prices more than offset a gain in home values.

Spain borrowing costs ease at auction, relief may be brief Posted: 20 Sep 2012 09:33 AM PDT MADRID (Reuters) - Spain's 10-year borrowing costs fell to their lowest level since January in an auction on Thursday, although the relief from market pressure may be short lived as Prime Minister Mariano Rajoy hesitates over seeking an international bailout. The yield on the benchmark 2022 bond fell to 5.666 percent with almost three times more offered than the amount sold. Demand was also strong for a three-year bond. The Treasury sold a total of 4.8 billion euros ($6.27 billion) in the bonds, above its target. ...

Worker stabbed to death at Chrysler plant in Detroit Posted: 20 Sep 2012 09:32 AM PDT DETROIT (Reuters) - A worker was stabbed to death Thursday morning after an argument inside a Chrysler Group LLC plant in Detroit and a man suspected of the killing was later found dead, apparently having shot himself, police and the company said. Work at the Jefferson North Assembly plant was suspended for one shift. The plant will reopen for its second shift on Thursday afternoon, Chrysler said. "Two employees were involved in an altercation inside the plant," Chrysler said in a statement. "One employee was stabbed and unfortunately pronounced dead at the scene. ...

Kroger adds clothing to shopping list in Ohio Posted: 20 Sep 2012 09:32 AM PDT Add a pair of blue jeans to the grocery list.

Poland urges Ukraine to make East-West choice Posted: 20 Sep 2012 09:32 AM PDT Polish President Bronislaw Komorowski urged Ukraine's leader on Thursday to push for integration with the European Union, but acknowledged that a key obstacle is the country's jailing of its former premier, Yulia Tymoshenko.

U.S. factories struggle, Europe and China slump Posted: 20 Sep 2012 09:29 AM PDT NEW YORK (Reuters) - U.S. manufacturing suffered its weakest quarter in three years and conditions at European businesses worsened, surveys showed on Thursday, while China's economy continued to lose momentum. The data shed more light on the difficult task facing global policymakers, particularly in Europe and the United States, who have tried to increase growth with aggressive monetary stimulus. The U.S. manufacturing sector closed out its worst three months in September since the third quarter of 2009, according to financial information firm Markit. ...

News Summary: Rates on US mortgages at record lows Posted: 20 Sep 2012 09:22 AM PDT RATES AT RECORD LOWS: The average U.S. rate on the 30-year fixed mortgage touched its record low this week, and the rate on the 15-year fixed mortgage hit a new record.

US mortgage rates for past 52 weeks at a glance Posted: 20 Sep 2012 09:19 AM PDT Here's a look at rates for fixed and adjustable mortgages over the past 52 weeks:

Exclusive: Wal-Mart stops selling Amazon Kindles Posted: 20 Sep 2012 09:18 AM PDT (Reuters) - Wal-Mart Stores Inc will no longer sell Amazon.com Inc's Kindle products, making it the second major chain to stop selling Amazon's devices, as the world's largest retailer makes a bet that consumers are more interested in other gadgets. "We have recently made the business decision to not carry Amazon tablets and eReaders beyond our existing inventory and purchase commitments," Wal-Mart said in a memo sent to store managers dated Wednesday. "This includes all Amazon Kindle models current and recently announced. ...

Nigeria's largest airline halts domestic flights Posted: 20 Sep 2012 09:17 AM PDT Nigeria's largest airline has halted all domestic flights, alleging that government corruption made it impossible for it to fly.

Brent crude rallies more than $1 after three-day slide Posted: 20 Sep 2012 09:15 AM PDT NEW YORK (Reuters) - Brent crude prices rose more than $1 on Thursday, recovering from a six-week low and halting a three-day slide of more than 7 percent, while U.S. crude edged up in choppy trading as the front-month October contract approached expiration. Lending support to the oil futures complex, U.S. gasoline futures rallied more than 1 percent, supported by a fire at Venezuela's El Palito refinery and a decline in the U.S. gasoline inventory, reported by the government on Wednesday. Heating oil futures also gained more than 1 percent. ...

U.S. household debt posts largest rise since 2008 Posted: 20 Sep 2012 09:08 AM PDT WASHINGTON (Reuters) - U.S. households increased their borrowing by the most since early 2008 in the second quarter while their worth declined, suggesting many consumers are still struggling three years into an economic recovery. Household debt climbed $39.4 billion, the first gain in over a year, to $13 trillion in the second quarter, according to Federal Reserve data issued on Thursday -- just $2 trillion shy of the country's total yearly economic output. Americans' financial net worth retreated by over $300 billion to $62.7 trillion. ...

UK police arrest journalist in phone hacking probe Posted: 20 Sep 2012 09:03 AM PDT British police investigating the ongoing phone hacking scandal arrested a journalist Thursday on suspicion of taking part in a conspiracy to gather data from stolen mobile phones.

Starbucks to elbow in on Green Mountain with one-cup brewer Posted: 20 Sep 2012 09:01 AM PDT (Reuters) - Starbucks Corp announced competitive prices for its new Verismo coffee and espresso makers that could pose a threat to brewers from Green Mountain Coffee Roasters Inc and Nestle SA , the dominant players in the $8 billion single-serve coffee market. The basic Verismo will sell for $199 while a larger version, with temperature controls and self-cleaning, will be priced at $399. Retail sales will begin in October, the company said late on Wednesday. The prices were in line with analysts' expectations. ...

Bank security group warns of website attacks Posted: 20 Sep 2012 08:55 AM PDT A financial services security group is warning about possible cyber-attacks on banks, citing "recent credible intelligence."

EADS hopes for quick political decision on BAE plan Posted: 20 Sep 2012 08:55 AM PDT BERLIN (Reuters) - European aerospace group EADS is looking for a quick decision from governments on its plan to merge with British defense company BAE Systems , as France and Germany hold meetings to discuss a common position on the proposed tie-up. "We are continuing constructive talks and hope for an agreement soon," a spokesman said on Thursday. "All the facts are on the table." France's president, Francois Hollande, and German Chancellor Angela Merkel will discuss the merger plans at a meeting in Germany this weekend, and advisors are meeting on Thursday and Friday for preparatory talks. ...

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