IBT Staff Reporter

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Alcoa stock up after surprise profit

Alcoa Inc shares rose more than 4 percent on Thursday after the aluminum producer reported its first profit in a year in what Wall Street viewed as a bellwether of how industrial companies are recovering from the recession.

Good news for mortgage shoppers

Don't look now but mortgage rates are really, really low -- practically at record low levels. Homeowners who still have adequate equity might want to jump on this and refinance one more time. Or start using their home equity line again. Or switch to a fixed-rate loan. Or give up on their plans to pay off their home quickly and stretch it out as long as possible.

Bank of England holds rates

The Bank of England left interest rates at a record low of 0.5 percent for the seventh month running on Thursday and said it would keep its 175 billion pound asset buying programme in place, as expected.

EPA to review health impact of weed killer

The Environmental Protection Agency said on Wednesday it is reviewing the health impacts of an herbicide known as atrazine, a widely used weed killer that recent studies have tied to birth defects, low birth weight and premature babies.

Barnes & Noble sees same-store sales decline

U.S. bookseller Barnes & Noble Inc said on Thursday it expects lower same-store sales for its current quarter and full year after adjusting its financial reporting period to reflect a recent acquisition.

S.Korea's LG Group plans to merge 3 telecom arms

South Korea's LG Group plans to go ahead with a long-considered merger of its three telecom units in the near future, to boost its consumer base and strengthen service offerings, LG Telecom said on Thursday.

House approves $82.8 billion for nutrition programs

The U.S. House approved $82.8 billion for federal nutrition programs ranging from food stamps to school lunch on Wednesday, including a plan to compensate poor families for lunches missed during flu epidemics.

Threadneedle names Fleming new head of distribution

UK fund house Threadneedle said on Thursday it has hired Campbell Fleming as its new head of distribution, with responsibility for wholesale and institutional business as well as marketing and product development.

Alcoa, retail sales set to lift Wall Street

Stocks headed for a higher open on Thursday as a surprise profit from Alcoa Inc boosted the start of the earnings season and surging commodity prices underpinned a global equity advance.

Australia Michael Jackson skit sparks racism calls

An Australian talent show skit based around late pop star Michael Jackson and the Jackson 5 has backfired after U.S. guest star Harry Connick Jr called for an apology and viewers accused the program of racism.

Leonard Nimoy gets new sci-fi life on Fringe

Actor Leonard Nimoy returns to U.S. television this week in his new guise as a mysterious mastermind on the show Fringe, but doubts that his Mr. Spock will head back to space, the final frontier.

Rich nations need to ante-up in climate talks: U.N.

Poorer countries are helping shape a broader pact to fight climate change but their efforts are being stymied by rich nations' lack of commitment on finance and tougher emissions cuts, the U.N. said on Thursday.

Marriott beats estimates on summer demand

Marriott International posted an adjusted quarterly profit that exceeded analyst expectations on Thursday buoyed by higher leisure demand during the summer season and higher than expected revenue.

Same-store sales beat expectations

U.S. retailers, including Macy's Inc and Abercrombie & Fitch , surprised Wall Street with better-than-expected September sales, suggesting shoppers could be loosening their purse strings ahead of the crucial holiday season.

For best healthcare, location matters: study

The quality of healthcare Americans receive depends largely on where they live, with insurance coverage, access to preventive medicine and disease treatment varying widely from state to state, according to a study released on Thursday by the Commonwealth Foundation.

U.S. jobless claims hit 9-month low

The number of U.S. workers filing new claims for jobless insurance fell more-than-expected to a nine-month low last week, data showed, suggesting the labor market was healing despite a setback in September.

Jobless claims hit 9-month low

The number of U.S. workers filing new claims for jobless insurance fell more-than-expected to a nine-month low last week, data showed, suggesting the labor market was healing despite a setback in September.

Senate health bill costs pegged at $829 billion

A U.S. Senate Finance Committee health plan would cost $829 billion and cut the budget deficit by $81 billion over 10 years, nonpartisan budget analysts said on Wednesday in a report that could

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