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Wednesday, November 21, 2012

Business Today: Futures retreat on Greek deal impasse; U.S. data on tap

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11/21/2012
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Futures retreat on Greek deal impasse; U.S. data on tap
NEW YORK (Reuters) - U.S. stock index futures retreated Wednesday after international lenders were unable to agree on emergency aid for Greece, and ahead of data on the U.S. labor market and consumer confidence.
Jobless claims fall, still high due to Sandy
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell last week but remained elevated due to superstorm Sandy, a sign the storm is proving to be a substantial disruption to the labor market.
In HP-Autonomy debacle, many advisers but little good advice
(Reuters) - When Hewlett Packard acquired Autonomy last year for $11.1 billion, some 15 different financial, legal and accounting firms were involved in the transaction -- and none raised a flag about what HP said Tuesday was a major accounting fraud.
Greece's lenders fail again to clinch debt deal
BERLIN/ATHENS (Reuters) - International lenders failed for the second week to reach a deal to release emergency aid for Greece and will try again next Monday, but Germany signaled that major divisions remain.
Euro slips, shares stabilize as Greek deal proves elusive
LONDON (Reuters) - World shares and the euro were rocked on Wednesday by the failure of Greece's international lenders to reach agreement on releasing emergency aid, though prices stabilized on efforts by politicians to reassure markets that a deal was close.
BNP Paribas to grow as rivals shrink: executive
PARIS (Reuters) - BNP Paribas , France's No. 1 bank, is confident it can profit from rivals' distress after a year of cutting assets and staff to meet tougher regulations, its head of corporate and investment banking said.
Ford, partners increase investment in China engine plant
BEIJING/SHANGHAI (Reuters) - Ford Motor Co , Mazda Motor Corp and their partner in China have agreed to invest an additional $37.3 million in their engine plant venture, following surging sales of Ford cars including its latest Focus model.
UK's Cameron: EU budget needs more cuts
LONDON (Reuters) - European Union chief Herman Van Rompuy's compromise draft EU budget does not go far enough in reducing spending, British Prime Minister David Cameron's spokesman said on Wednesday.
First woman on Siemens board to leave in 2013: sources
MUNICH (Reuters) - Siemens AG's procurement chief Barbara Kux looks set to leave the company in 2013, five years after becoming the German engineering conglomerate's first female top manager.
Diamond Foods ex-CEO Mendes formally leaves company
(Reuters) - Diamond Foods Inc's former Chief Executive Michael Mendes formally resigned from the company, nine months after being put on administrative leave following an accounting scandal that hurt the company's ability to do business.
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