- Dynegy to spend $6.25B on power plant acquisitions
Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners.
- Yellen speech awaited for any hint on rate timing
WASHINGTON (AP) — Two days after the Federal Reserve revealed an intensifying internal debate over interest rates, Chair Janet Yellen will address the annual Fed conference in Jackson Hole, Wyoming, with investors seeking any clear hints of when it will start raising rates.
- Jell-O can't stop slippery sales slide
NEW YORK (AP) — Jell-O has lost its jiggle and nobody knows how to fix it.
- American Air will charge for solo 12-14 year olds
FORT WORTH, Texas (AP) — American Airlines says it will charge a $150 fee each way for minors between 12 and 14 who fly alone.
- US average rate on 30-year home loan 4.10 percent
Average U.S. rates on long-term fixed mortgages declined this week, with the 30-year loan rate hitting its 52-week low.
- Home Depot says Menear will become CEO on Nov. 1
NEW YORK (AP) — Home Depot said Thursday that Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1.
- Study: Wealth gap widened in the last decade
NEW YORK (AP) — A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer.
- Airline group forecasts uptick in Labor Day travel
A trade group for the nation's big airlines predicts that air travel over the Labor Day weekend will rise 2 percent from the same holiday last year.
- Bank of America settlement likely to benefit few
WASHINGTON (AP) — Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners.
- US housing recovery appears to be back on track
WASHINGTON (AP) — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.
- Gap reports higher profit, plans India expansion
SAN FRANCISCO (AP) — Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales.
- How the Dow Jones industrial average did Thursday
The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor's 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago.
- Hormel Foods and Hertz are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
- Figures on government spending and debt
WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
- Ford recalling more than 160,000 vehicles
DETROIT (AP) — Ford is recalling more than 160,000 vehicles in North America for two safety issues.