Jobless claims unexpectedly fall 15,000
WASHINGTON (Reuters) - The number of workers filing new claims for jobless aid unexpectedly fell 15,000 last week to its lowest in four months, according to government data on Thursday that underscored a stronger labor market.
KB Home posts quarterly loss
NEW YORK (Reuters) - KB Home on Thursday posted a fiscal third quarter loss, as the U.S. home market suffered a deepening decline in demand, a swelling supply of homes for sale and tighter standards in the mortgage market.
GDP growth revised down, prices tame
WASHINGTON (Reuters) - Healthy business investment helped the U.S. economy grow at a revised 3.8 percent annual rate in the second quarter, slightly less than previously thought because of brisker demand for foreign goods and services, the Commerce Department said on Thursday.
BA ditches Boeing jumbo for Airbus A380
LONDON (Reuters) - British Airways ended decades of loyalty to Boeing's 747 jumbo with a switch to Airbus's new A380 superjumbo on Thursday as it announced a mixed plane order worth up to $8.2 billion.
Futures add to gains after jobless claims
NEW YORK (Reuters) - Stock futures added to gains on Thursday as a report showed that the number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting continued strength in the labor market.
AMR investor FL Group urges board to enact changes
LONDON (Reuters) - Iceland's FL Group has written to the board of American Airlines parent AMR Corp and urged it to consider a number of strategic alternatives, including spinning off its frequent-flyer program.
Two bidding groups emerge for Wendy's: report
NEW YORK (Reuters) - A group involving title insurer Fidelity National Financial Inc and several private equity firms has emerged in the bidding for burger chain Wendy's International Inc , the Wall Street Journal reported on its Website on Thursday.
McCormick quarterly profit rises
NEW YORK (Reuters) - Spice maker McCormick & Co. Inc reported higher quarterly profit on Thursday, bolstered by increased sales volume in Europe and Asia.
Nonghyup to lend $180 mln to KKR for First Data deal
SEOUL (Reuters) - South Korea's National Agricultural Cooperative Federation, better known as Nonghyup, will lend $180 million to Kohlberg Kravis Roberts' $26 billion purchase of First Data, a Nonghyup official said on Thursday.
Rite Aid reports wider quarterly loss, cuts outlook
NEW YORK (Reuters) - Rite Aid Corp , the No. 3 U.S. drugstore chain, reported a wider-than-expected quarterly loss on Thursday, and cut its full-year outlook citing current sales trends, pushing its shares down nearly 5 percent in premarket trading.
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