Troubled government-owned investment conglomerate Dubai World said it has over 99% support among creditors for its proposal to restructure around $24.9 billion of debt.

Nokia said it was replacing embattled CEO Olli-Pekka Kallasvuo with Microsoft's Stephen Elop, as the handset maker seeks to reverse steep declines in earnings.

Stocks rose for the sixth session in seven, gaining modestly in light trading after an unexpectedly sharp fall in new weekly jobless claims and encouraging trade-deficit data.

The rate on a 30-year fixed-rate mortgage averaged 4.35% for the week ended Sept. 9, the first rise since June. It was 4.32% last week.