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Thursday, December 6, 2012

Business Today: "Fiscal cliff" worries linger, futures flat

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12/6/2012
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
"Fiscal cliff" worries linger, futures flat
NEW YORK (Reuters) - Stock futures were little changed on Thursday in what could be another choppy session as the progress of fiscal negotiations in Washington continues to determine the market's fate.
Jobless claims fall back to pre-storm range, but still choppy
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell for a third straight week last week, but still remain too volatile to offer a clear signal on labor market conditions.
Standard Chartered sees $330 million Iran fine, profit hit
HONG KONG/LONDON (Reuters) - Standard Chartered expects to pay $330 million to settle a case with U.S. regulators for breaking sanctions on Iran, the Asian-focused bank said on Thursday, a second such penalty which could almost wipe out its profit growth this year.
Starbucks says to pay more UK tax
LONDON (Reuters) - Coffee chain Starbucks said it could pay up to 20 million pounds more in tax as it announced plans to change its accounting practices, surrendering to criticism from lawmakers, campaigners and the media.
ECB holds rates, to give new economic outlook
FRANKFURT (Reuters) - The European Central Bank held interest rates at a record low of 0.75 percent on Thursday, leaving investors to shift their attention to new economic forecasts for clues about possible cuts next year.
Trade prevents a deeper euro zone downturn
BRUSSELS (Reuters) - German exports of cars and machinery helped shield the euro zone from a deeper recession in the third quarter while companies emptied warehouses and cut investments, showing the role of trade in driving any recovery.
EADS shares soar as Daimler nets $2 billion from stake sale
FRANKFURT (Reuters) - German carmarker Daimler raised over $2 billion from a lightning sale of shares in Airbus parent EADS on Thursday, making it the first beneficiary of a shake-up of the European aerospace company that sent EADS shares higher.
Boeing wins $1.2 billion Icelandair order
STOCKHOLM (Reuters) - Boeing said it had reached an agreement to supply Icelandair with 12 737 MAX aircraft which have a $1.2 billion list price.
Exclusive: HSBC might pay $1.8 billion money laundering fine - sources
NEW YORK/WASHINGTON (Reuters) - HSBC Holdings Plc might pay a fine of $1.8 billion as part of a settlement with U.S. law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter.
French banks eye U.S. expansion after year of cuts
PARIS (Reuters) - France's top banks are taking advantage of calmer markets to return to expanding in the United States, a year after deep cuts to their investment banks saw them lose ground to rivals in the world's biggest financial market.
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