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Thursday, July 11, 2013

Business Today: Jobless claims rise, but labor recovery grinds on

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07/11/2013
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
Jobless claims rise, but labor recovery grinds on
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, although the level still appeared to point to healing in the nation's job market.
Futures jump as worries ease over early stimulus pullback
NEW YORK (Reuters) - Stock index futures climbed on Thursday, after comments by Federal Reserve Chairman Ben Bernanke indicated the central bank was unlikely to scale back its stimulus measures earlier than expected.
China security ministry says GSK executives confess to economic crimes
BEIJING (Reuters) - Executives of GlaxoSmithKline Plc in China have confessed to charges of bribery and tax law violations, the country's security ministry said, in one of the most prominent graft cases involving a foreign company in three years.
Prices for U.S. imports and exports fall in June
WASHINGTON (Reuters) - Prices for U.S. imports and exports fell in June for the fourth straight month, a sign of cooler economic growth worldwide that could weigh on the American economy and unnerve policymakers.
McGraw Hill Financial CEO to retire
(Reuters) - McGraw Hill Financial Inc said Chief Executive Harold McGraw will step down and be replaced by Douglas Peterson.
Costco strong, L Brands weak as retailers report June sales
(Reuters) - Sales at U.S. retailers, including Costco Wholesale Corp and the company that runs Victoria's Secret, suggest that overall U.S. consumer spending is improving while discretionary spending may remain under pressure.
Analysis: Forward guidance more than passing fashion for central banks
FRANKFURT (Reuters) - "Watch what we do, not what we say," was the central bank mantra for generations. But no more.
Exclusive: Spanish court to hear Repsol lawsuit against YPF
MADRID (Reuters) - A Spanish court has agreed to hear an unfair competition claim brought by oil major Repsol against former Argentine subsidiary YPF over the exploration of the vast Vaca Muerta shale oil field, court documents seen by Reuters show.
Shareholders back Easyjet's fleet expansion
LONDON (Reuters) - EasyJet can continue with its plan to buy 135 new Airbus planes after shareholders backed the deal on Thursday, defeating a move by the group's estranged founder to block it.
Shares, bonds rally, dollar tumbles as Fed cools taper talk
LONDON (Reuters) - Shares and bonds rallied globally on Thursday and the dollar tumbled after U.S. central bank chief Ben Bernanke signaled the Fed may not be as close to winding down its stimulus policy as markets had begun to expect.
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Jobless claims rise, but labor recovery grinds on
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