New York - US stocks mostly rose on Thursday, with the S&P 500 closing at yet another record on better-than-expected jobless claims data and the European Central Bank's move to keep rates unchanged.
(REUTERS) - Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.
Office supplies chain Staples announced plans Thursday to shut down more than 10 percent of its stores, according to an Associated Press story.
Workers inspect bare metal bodies on the production line at the Chrysler Toledo Assembly Plant in Ohio on Feb. 28, 2014. Photographer: Ty Wright/Bloomberg.
China's benchmark rate for loans between lenders was set for the biggest weekly drop this year after the central bank scaled back cash withdrawals in its money-market operations.