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Thursday, August 23, 2012

Business Today: Stock futures flat as claims tick higher

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08/23/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures flat as claims tick higher
NEW YORK (Reuters) - Stock index futures were little changed on Thursday after data showed applications for unemployment insurance rose unexpectedly in the latest week.
Jobless claims rise, labor market healing very slowly
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits unexpectedly rose last week, suggesting the labor market is healing too slowly to make much of a dent in the unemployment rate.
Exclusive: Marubeni's $5.6 billion Gavilon deal hits delay
TOKYO/CHICAGO (Reuters) - The completion of Japanese trader Marubeni Corp's purchase of U.S. grain merchant Gavilon is being delayed by at least two months as talks on ownership of an important West Coast export terminal and regulatory reviews hold up the $5.6 billion deal, people familiar with the matter said.
Ex-RBS trader details bank's Libor fixing
SINGAPORE (Reuters) - A former dealer for the Royal Bank of Scotland Group PLC has provided fresh details on how traders at the British bank tried to influence Libor rates, court documents filed in Singapore show.
GM's Opel to halt production at two plants
FRANKFURT (Reuters) - Opel, the German unit of U.S. automaker General Motors , agreed with labor representatives to cut the hours of several thousand workers at two of its four German plants in response to a drop in demand for cars in Europe.
Merkel, Hollande to unite in tough message for Greece
BERLIN (Reuters) - Angela Merkel and Francois Hollande will present a united front towards Greece at talks on Thursday, telling Athens not to expect any leeway on its bailout agreement unless it sticks to its terms.
Equities slump guts investment bank revenues: study
LONDON (Reuters) - Tumbling revenue from stock trading dragged down global investment banks' earnings below year-ago levels in the first six months of 2012, a report showed on Thursday, underlining how equities divisions are likely destined for big cutbacks.
Fed's Bullard: data since last FOMC meeting has improved
WASHINGTON (Reuters) - A Federal Reserve official on Thursday leaned against the impression that the U.S. central bank was locked into easing monetary policy at its meeting next month, noting that economic data had improved in recent weeks.
Spain to intervene faster in ailing banks: sources
MADRID (Reuters) - Spain will grant its central bank new powers to intervene more rapidly in struggling lenders, and the country's bank rescue fund will gain more capacity to wind them down if they fail, two sources with knowledge of the matter said on Thursday.
Implats joins South Africa mining chamber amid labor unrest
JOHANNESBURG (Reuters) - South Africa's Impala Platinum said on Thursday it had joined the country's chamber of mines as a full member, a move that could see it eventually bargain collectively with other companies and stem a wave of labour unrest.
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