Hint of Washington deal triggers rally; futures fall late
NEW YORK (Reuters) – Major U.S. stock indexes posted their strongest rally in more than nine months on Thursday after signs of progress in negotiations to raise the U.S. debt limit.
Minor cracks found in part of F-35 B-model fighter plane
WASHINGTON (Reuters) – Two minor cracks have been found in a bulkhead of a Lockheed Martin Corp F-35 B-model fighter jet, but they are not expected to halt flights of the planes, Lockheed and the Pentagon said on Thursday.
Exclusive: India in talks with JP Morgan, others to join bond indexes – sources
NEW DELHI/HONG KONG (Reuters) – India is talking with JP Morgan and others to gain entry to benchmark indexes for emerging market debt in hopes of attracting billions of dollars in investment and may ease some restrictions on foreign inflows in order t…
Safeway says goodbye to Chicago, profit falls
(Reuters) – Safeway Inc said on Thursday it plans to leave the Chicago market by early next year as it continues to narrow its focus and posted a sharply lower profit for the third quarter.
U.S. government shutdown could delay Keystone XL pipeline decision
WASHINGTON (Reuters) – The U.S. government shutdown is making it harder for the State Department to review the Keystone XL pipeline permit process, a State Department official said on Thursday, which could delay President Barack Obama’s decision on the…
U.S. shutdown hurts Silicon Graphics first quarter; shares fall
(Reuters) – Silicon Graphics International Corp , a supplier of servers based on the Linux operating system, estimated first-quarter results below expectations, citing uncertainty related to the completion of IT projects funded by the U.S. government.
Norwegian Air CEO says Boeing changed 787 pump design
NEW YORK (Reuters) – The chief executive officer of Norwegian Air Shuttle ASA said on Thursday that Boeing Co redesigned an important part to fix a faulty 787 Dreamliner, revealing a more extensive reworking of the high-tech, $200 million jet than had …
Top global hedge fund Brevan Howard takes emerging markets hit
NEW YORK (Reuters) – Brevan Howard Asset Management LLP, one of the world’s largest hedge fund firms with $40 billion in assets, is posting lackluster performance in its flagship fund and heavy losses in its emerging market portfolio.
Minor cracks found in part of F-35 B-model fighter plane
WASHINGTON (Reuters) – Two minor cracks were found in a bulkhead of a Lockheed Martin Corp F-35 B-model during durability testing, but they are not expected to affect flight operations of the planes, a Lockheed spokeswoman said on Thursday.
SunTrust to pay $1.2 billion to resolve U.S. mortgage probes
(Reuters) – SunTrust Banks Inc agreed to pay nearly $1.2 billion to resolve investigations from several U.S. authorities into its mortgage practices, the bank said on Thursday.
