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U.S. markets news

Stocks Extend Gains as Fed Remains Uneasy on Inflation
U.S. stocks rose after notes from last month's Federal Reserve meeting suggested the central bank is looking for additional inflation before increasing interest rates.
Stocks edge up after Fed minutes; dollar dips  Reuters
Dow closes above 17000, S&P 500 tops key 2000 level  USA TODAY
Experts blast VW's explanation for diesel emissions cheating
Michael Horn, chief executive of Volkswagen Group of America, apologized and promised a full investigation into the company's emissions-cheating scandal at the first congressional hearing on the matter.
Volkswagen's US CEO apologizes for emissions cheating scandal  Washington Post
Fallout from the Volkswagen scandal is hitting consumers and the courts  Fortune
Amazon Handmade could craft doom for Etsy
Amazon is emphasizing that goods listed on Amazon Handmade must be “factory-free” and “genuinely handmade.” By. CaitlinHuston.
How Amazon's 'Handmade' Plans to Take on Etsy  ABC News
Amazon takes aim at Etsy with its own marketplace for handicrafts  ZDNet
Allianz says Bill Gross's $200 mln lawsuit has no merit
FRANKFURT Oct 8 German insurer Allianz on Thursday said a $200 million lawsuit launched by former employee and renowned bond investor Bill Gross over his ouster from Allianz's asset management unit Pacific Investment Management Co (Pimco) had ...
Billionaire bond investor Bill Gross sues Pimco for $200 mn  Fox News Latino
Brynjolfsson: `This Is a Sad Day' for Both Pimco and Gross  Bloomberg
Netflix hikes rate for most popular plan by $1.00
Netflix Inc said on Thursday it has increased the subscription rate for some new members by $1.00 a month to $9.99 in the United States, Canada and Latin America.
Are you willing to pay an extra dollar for Netflix? Its most popular plan is ...  Los Angeles Times
Netflix Raising US Price for Most Popular Video Plan by $1  New York Times
UPDATE 2-Ride-hailing company Lyft partners with Hertz, Shell
(Adds more detail and color from media event). By Heather Somerville. SAN FRANCISCO Oct 8 (Reuters) - Lyft has partnered with Hertz Global Holdings Inc to offer rental cars to its drivers, the ride-hailing company said on Thursday.
In A Bid To Keep Drivers Loyal, Lyft Debuts Short-Term Rentals, Gas Deals  Forbes
Lyft's new partnerships will give drivers free gas and access to rental cars  The Verge
US jobless claims fall to near a 42-year low
WASHINGTON The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring.
Weekly Unemployment Levels Not Garnering Much Praise  Seeking Alpha
Jobless Claims Fell Last Week  CFO
UAW Rallying Support for Fiat Chrysler Contract with Promise of Higher Wages
The United Auto Workers union will use the promise of higher wages for entry-level workers and more clarity on future vehicle production to rally skeptical rank-and-file members to support a richer contract with Fiat Chrysler Automobiles FCAU 4.72 % NV ...
UPDATE 1-Fiat Chrysler workers skeptical of new UAW deal's impact on wages  Reuters
UAW and the Auto Industry  New York Times
Encana sells Colorado property to CPPIB-led group for $900-million
Encana Corp. has struck a deal to sell a Colorado property to a group led by the investment arm of the Canada Pension Plan for $900-million (U.
Encana to sell Colorado oil-gas assets for US$900 million to CPP-led group  Calgary Herald
How the Dow Jones industrial average fared on Tuesday
U.S. stocks closed mostly lower Tuesday after five straight days of gains. DuPont and energy companies rose sharply, but the overall market was weighed down by health-care stocks, especially biotechnology companies.
Wall Street lower, investors eye upcoming quarterly reports | Reuters  Firstpost