Turkey says Syrian plane carried ammunition to Damascus
Turkish prime minister Recep Tayyip Erdogan said a Syrian Airbus A320 forced to land in Ankara carried equipment and ammunition for the Syrian Defense Ministry. Syria denied piracy claims as Turkey examined whether illicit military equipment traveled from Russia. The plane was allowed to continue to Damascus after hours of inspection.
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Fewer layoffs do not signal stronger hiring now
The drop in first time unemployment claims to a four and a half year low contrasts with sluggish job growth. September's payroll gains were only 114,000 with unemployment at 7.8 percent in August. Economists blame slow growth, Europe’s crisis, and potential U.S. fiscal shocks.
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Sprint Nextel shares surge on SoftBank acquisition talks
Notable shares of Sprint Nextel rose over 16 percent in premarket trading after reports SoftBank Corp. is in advanced talks to buy the company for more than 12.8 billion dollars. The Wall Street Journal cited an unnamed source. SoftBank said the story is based on speculation and declined to comment.
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Markets Wrap Thursday Stock and Commodities Close Mixed
Major indices edged lower with the Dow down 18.58 to 13326.39 and the Nasdaq off 2.37 to 3049.41 while the S&P 500 rose 28 to 1432.84. In commodities, corn rose 36.5 cents to 7.73, soybeans gained 2525 cents to 15.49, wheat up 20.5 cents to 9.18, oil gained 82 cents to 92.07, gold rose 5.50 to 1770.60, silver slipped 27 cents to 34.08, platinum traded at 1,689.60.
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Embassy employee killed in Yemen in Sanaa attack
A Yemeni security investigator at the U S Embassy in Sanaa was shot and killed by masked gunmen on a motorcycle. U S officials link the ambush to al Qaida, noting intensified militant activity after drone strikes and security operations. The killing follows a mob attack on the embassy linked to a controversial anti Islam video.
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