US News Headlines
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U.S. labor market regaining footing as weekly jobless claims fall sharply
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits dropped by the most in three months last week, suggesting the labor market recovery was regaining momentum after a recent slowdown, as the wave of COVID-19 infections began to subside.
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UPDATE 2-TPG-backed Life Time valued at $3.3 bln in dull return to public markets
Oct 7 (Reuters) - Fitness center operator Life Time Group Holdings Inc's return to public markets was met with a lukewarm reception on Thursday, as its shares opened 8% below their offer price, racking up a market capitalization of $3.3 billion.
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UPDATE 2-U.N. chief appeals for $8 bln to equitably vaccinate 40% of world in 2021
UNITED NATIONS, Oct 7 (Reuters) - U.N. Secretary-General Antonio Guterres appealed on Thursday for $8 billion to help equitably vaccinate 40% of people in all countries by the end of the year, as the World Health Organization (WHO) launched a plan that aims to inoculate 70% of the world by mid-2022.
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Eighteen former NBA players charged with defrauding league's health plan
NEW YORK, Oct 7 (Reuters) - Eighteen former National Basketball Association players were charged on Thursday with defrauding the league's health and welfare benefit plan out of approximately $3.9 million.
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UPDATE 1-United States to stay in Syria, top Kurdish politician says
LONDON, Oct 7 (Reuters) - A leading Syrian Kurdish politician said on Thursday the United States will stay on in Syria to destroy Islamic State, build infrastructure and remain a player in the search for a political settlement after more than 10 years of civil war.
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UPDATE 4-Moderna plans African vaccine plant as drugmakers urged to help poorest
LONDON, Oct 7 (Reuters) - Moderna plans to invest up to $500 million to build a factory in Africa to make up to 500 million doses of mRNA vaccines each year, including its COVID-19 shot, as pressure grows on the pharmaceutical industry to manufacture drugs on the continent.
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U.S. Senate steers toward passage of debt limit increase
WASHINGTON, Oct 7 (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Thursday took steps to speed passage of a $480 billion increase in Treasury Department borrowing authority, which could set up a vote as soon as Saturday.
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UPDATE 1-Cemex foresees $100 mln hit to EBITDA from supply chain snags, delays
MEXICO CITY, Oct 7 (Reuters) - Supply chain snags, project delays and foreign exchange effects are among the factors that could hit the earnings of Mexican concrete giant Cemex in the third quarter by around $100 million, its chief executive said on Thursday.
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U.S. not considering SPR release, crude export ban- Bloomberg
Oct 7 (Reuters) - The U.S. Department of Energy is not considering tapping into its Strategic Petroleum Reserves "at this time," nor is it pursuing a ban on oil exports, a Bloomberg News reporter said in a tweet https://twitter.com/JavierBlas.
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UPDATE 3-U.S. Senate Democrats, Republicans reach deal on $480 bln debt limit increase
WASHINGTON, Oct 7 (Reuters) - U.S. Senate leaders have agreed to raise the Treasury Department's borrowing authority until early December, averting a potential debt default later this month, Senate Majority Leader Chuck Schumer announced on Thursday.
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