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Thursday, December 29, 2011

Business Today: Futures gain after selloff, data on tap

Reuters
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12/29/2011
News Good Morning
LATEST NEWS
Futures gain after selloff, data on tap
NEW YORK (Reuters) - Stock index futures were slightly higher on Thursday, following a selloff in the previous session as Italian bond yields fell and investors awaited a new spate of data. | Full Article
Jobless claims rose last week
December 29, 2011 08:37 AM ET
WASHINGTON (Reuters) - New claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, but the underlying trend continued to point to improving labor market conditions. | Full Article
Italy borrowing costs stay near record at sale
December 29, 2011 07:44 AM ET
MILAN (Reuters) - Italy's borrowing costs fell from recent record highs at a bond auction on Thursday but cautious investors still demanded a near 7 percent yield to buy 10-year debt, a level seen unsustainable over time for the euro zone's third-largest economy. | Full Article
Alibaba hires U.S. lobbying firm as it eyes Yahoo
December 28, 2011 11:21 PM ET
(Reuters) - Alibaba Group has hired a Washington lobbying firm in a sign that the Chinese e-commerce company would be willing to make a bid for all of Yahoo Inc in the event that talks to unwind their Asian partnership fail. | Full Article
China speeds up QFII approvals amid signs of capital outflow
December 29, 2011 03:08 AM ET
SHANGHAI (Reuters) - China has since October granted nearly $1 billion in quotas for foreign institutions to invest in the country's capital markets following a five-month hiatus, reflecting Beijing's desire to encourage inbound investment amid signs of a capital outflow. | Full Article
US TOP NEWS
Arab observers fan out across protest-hit Syria
December 29, 2011 08:16 AM ET
BEIRUT (Reuters) - Arab League peace monitors headed to three more Syrian cities on Thursday to check whether government forces have halted violence against protesters as Damascus promised after observers in the center of the unrest were mobbed by people demanding protection. | Full Article
North Korea hails nuclear, military feats of Kim Jong-il
December 29, 2011 08:24 AM ET
SEOUL (Reuters) - North Korea lauded the military might built up by deceased leader Kim Jong-il on Thursday, likely tying his young successor to the same policies that have set Northeast Asia on edge as the impoverished state inches closer to nuclear weapons capability. | Full Article
Retail sales resilient in final holiday stretch
December 28, 2011 06:27 PM ET
(Reuters) - Retail sales look poised for a solid finish to the holiday season as warm weather and deep discounts encouraged shoppers to hit stores or go online to snap up last-minute gifts, according to data released on Wednesday. | Full Article
Turkey strike kills 35, Kurds decry "massacre"
December 29, 2011 08:36 AM ET
DIYARBAKIR, Turkey (Reuters) - Turkish warplanes launched air strikes against suspected Kurdish militants in northern Iraq near the Turkish border overnight, the military said on Thursday, but local officials said the attack killed 35 smugglers who were mistaken for guerrillas. | Full Article
Iowa's moderate Republicans: an edge for Romney?
December 28, 2011 06:45 PM ET
DES MOINES, Iowa (Reuters) - Iowa's moderate Republicans are a small and dispirited bunch, but they could provide a vital boost for Mitt Romney in the state's tight kickoff presidential contest. | Full Article
HEALTH NEWS
Obesity tied to older adults' risk of falls: study
Mead Johnson confirms FDA visits in Enfamil probe
Parents show modest gains after smoking programs
New York unions sue over retiree health-care change
Exercise doesn't prevent pregnancy-related diabetes
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