Oil prices jumped more than 3 percent on Thursday, touching a one-year high after government data showed a steep, unexpected drop in U.S. gasoline and distillate inventories.

Safeway Inc. said Thursday that falling prices and frugal shoppers drove its third-quarter profit down 35 percent. Despite the squeeze, the profit topped Wall Street expectations and sent shares up sharply in trading Thursday.

Treasury prices fell Thursday after a government report showed a bigger-than-expected rise in inflation. In afternoon trading, the benchmark 10-year Treasury fell 9/32 to 101 13/32 and its yield rose to 3.45 percent from 3.42 percent late Wednesday.

RBC Capital Markets upgraded DeVry Inc. on Thursday, saying the for-profit education provider’s string of acquisitions over the past five years have helped diversify its college programs and should buffer it from economic trends.

SUGAR LAND, Texas—-Stakeholders in Fort Bend County, Texas recently launched a national marketing and branding campaign aimed at attracting new business in order to further its vibrant economy.

The number of U.S. households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as a federal effort to assist struggling borrowers was overwhelmed by a flood of defaults among people who lost their jobs.

Goldman Sachs Group Inc.’s third-quarter earnings more than tripled from the depths of the financial crisis as income from the company’s trading operations offset a drop in its investment banking business.

Want that flat-panel TV or iPhone this holiday season but don’t think Santa has enough cash to deliver? Group gifting may be the answer.

Turkmenistan’s large cash reserves and a lack of external debt have enabled it to steer clear of the fallout from the global financial crisis, a visiting delegation of International Monetary Fund officials said Thursday.