Weyerhaeuser declares regular quarterly dividend of 5 centsFEDERAL WAY, Wash. — Timber and wood products company Weyerhaeuser Co. on Thursday declared a regular quarterly dividend of 5 cents. Airlines Third-Quarter Earnings ForecastsHere are the consensus forecasts of analysts for third-quarter earnings or loss per share and revenue for the nation’s nine largest airline companies, according to Thomson Reuters as of Thursday morning. Figures from third quarter of 2008 are in parentheses. Major US carriers expected to post 3Q losses, as traffic picks up and bankruptcy fears ebbDALLAS — There isn’t much suspense around the upcoming third-quarter earnings reports from U.S. airlines — most big carriers likely finished in the red — but a recent uptick in travel may indicate a recovery is about to take off. AP Source: GM close to signing deal to sell Hummer brand to Chinese manufacturerDETROIT — General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, a person briefed on the deal said. Judge considers revoking bail for NY businessman accused of orchestrating $413M Ponzi schemeCENTRAL ISLIP, N.Y. — A federal judge is considering a request by prosecutors to revoke bail for a New York businessman accused of orchestrating a $413 million Ponzi scheme. Judge approves Sun-Times sale, unions expected to approve contract changesWILMINGTON, Del. — A Delaware bankruptcy judge on Thursday approved the sale of the Chicago Sun-Times and other newspapers owned by its parent company to a group led by Chicago businessman Jim Tyree. Chrysler dealers are learning customer service standards, but won’t see new model lineup yetDETROIT — Chrysler Group LLC dealers across the country are being schooled on the company’s customer service expectations this week but won’t get a glimpse of the company’s new model lineup. Shares of engineering services company Mistras Group rise on first day of tradingNEW YORK — Mistras Group Inc. stock rose Thursday, its first day of trading, after the engineering services company priced its initial public offering of shares at a price below its initial target. Carter’s shares rise after Sterne Agee upgrades, sees further gains in shares to comeNEW YORK — After rising nearly 38 percent so far this year, Carter’s Inc. shares may gain another 25 percent in the next 12 months, said a Sterne Agee analyst, upgrading the maker of infant and children’s clothes. Stocks climb after upbeat retail sales, better jobs data and surprising profit from AlcoaNEW YORK — Stocks resumed their climb as investors got upbeat readings on two of the best gauges of the economy’s health: consumer spending and corporate profits. Analysts increase 2010 estimates, shares rise after Alcoa posts third-quarter profitHARTFORD, Conn. — Shares of Alcoa Inc. rose Thursday, a day after the aluminum maker surprised Wall Street with a third-quarter profit and an optimistic forecast for worldwide aluminum demand. Rep. Frank: Banks aren’t playing nice, Congress should move up enactment of credit card billWASHINGTON — Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: Start playing nice or Congress will make your life even more difficult. Wholesale inventories drop for 12th straight month in Aug.; sales rise by most since June 2008WASHINGTON — Businesses reduced inventories at the wholesale level for a record 12th consecutive month in August, often evidence that companies are trimming orders to factories, which helped depress economic output during the recession. But in an encouraging sign, sales at the wholesale level jumped by the largest amount in 14 months. Retail recovery at hand? Stores report September sales gain, breaking 13-month losing streakNEW YORK — The nation’s stores saw their first sales gain in 14 months in September, a sign of life from shoppers that fuels some hope for the holiday shopping season. Stocks open higher after surprising profit report from Alcoa, better jobless claims numbersNEW YORK — Stocks have resumed their climb after Alcoa kicked off earnings season with an unexpected profit and the government reported a drop in initial claims for jobless benefits. Stocks open higher after surprising profit from Alcoa, drop in initial jobless claimsNEW YORK — Stocks are higher after Alcoa kicked off earnings season with an unexpected profit and initial claims for jobless benefits fell more than expected. Target posts decline in key sales metric for September but tops analyst estimatesMINNEAPOLIS — Target says a key sales measure dipped 1.7 percent in September but beat analyst estimates. The result led the discount retailer to predict third-quarter earnings per share above Wall Street’s forecast. Stock futures climb after surprising profit from Alcoa, drop in initial jobless claimsNEW YORK — Stocks appear headed to a sharply higher opening Thursday after Alcoa kicked off earnings season with an unexpected profit and weekly jobless claims fell more than expected. New jobless claims drop more than expected to 521,000, lowest level since JanuaryWASHINGTON — The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs eased a bit amid a fledgling economic recovery. Retailers report September sales declines, though many results come in better than expectedNEW YORK — A late Labor Day and delayed school openings offered some relief to merchants in September, helping to boost sales above Wall Street expectations. But spending still remains tepid as consumers focused on necessities amid job worries and tight credit. Retailers report sales declines for September as shoppers worry about jobs, tight creditNEW YORK — Early September reports from retailers show weak sales as shoppers cut back on fall clothing purchases amid worries about jobs and tight credit. Italy’s Berlusconi vows to defend himself on TV, in court after immunity law overturnedROME — Italian Premier Silvio Berlusconi said Thursday he will go on TV and appear in courtrooms to prove that corruption and tax fraud charges in two trials against him are false. PepsiCo 3rd-quarter profit rises 9 percent on cost-cutting efforts even as sales declineMILWAUKEE — PepsiCo Inc. said Thursday that its fiscal third-quarter profit rose 9 percent, in part on cost-control efforts, even as revenue dropped on weak beverage sales. Marriott reports 3rd-quarter loss on charges for weak timeshare businessCHICAGO — Vacationers helped Marriott International Inc. post a better profit for the third quarter than the hotel owner and operator had forecast. Stock futures climb after surprising profit from Alcoa; ahead of weekly jobless reportNEW YORK — Stock futures are pointing to a sharply higher opening Thursday after Alcoa kicked off earnings season with an unexpected profit, helping to boost investors’ hopes for an economic recovery. UK competition watchdog opposes Ticketmaster-Live Nation mergerLOS ANGELES — The proposed merger of concert promoter Live Nation Inc. and ticket-selling giant Ticketmaster Entertainment Inc. suffered a blow Thursday when British regulators said they would oppose the deal because it would stifle competition. British postal workers deciding whether to launch nationwide walkoutLONDON — Britain’s postal workers were deciding Thursday whether to launch a nationwide strike amid disputes over how to best modernize the mail service. Upbeat Alcoa gives world markets a boost ahead of European interest rate decisions
Treasury Secretary Geithner makes time for select group of powerful Wall Street bankersWASHINGTON — Even during his most frenzied days, when Congress is demanding answers or the president himself is calling, Treasury Secretary Timothy Geithner makes time to talk to a select group of powerful Wall Street bankers. Asian stock markets advance as investors eye company earnings; crude oil above $71
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Upbeat Alcoa gives world markets a boost
Asian markets advance as company earnings eyed
