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Thursday, October 17, 2013

Business Today: U.S. jobless claims fall less than expected

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10/17/2013
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
U.S. jobless claims fall less than expected
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits dropped from a six-month high last week, but remained elevated as California continued to deal with a backlog related to computer problems.
Dow, S&P index futures dip as investors digest fiscal deal
NEW YORK (Reuters) - U.S. stock index futures fell Thursday as investors digested a deal agreed by lawmakers in Washington a day earlier to reopen the federal government and raise the debt ceiling in order to avoid a debt default.
Goldman Sachs profit falls two percent as trading revenue slumps
(Reuters) - Goldman Sachs Group Inc's third-quarter profit fell 2 percent as weak bond-trading volumes hit revenue in its biggest business, pushing down the bank's shares in premarket trade.
U.S. failure to fix fiscal 'mess' undermines Fed on jobs: Fisher
NEW YORK (Reuters) - The U.S. Federal Reserve cannot effectively fight high unemployment unless Congress and President Barack Obama "get their act together" and fix the nation's fiscal problems, a top Fed official said on Thursday.
Insight: Getty captures risks of Fed's easy money policy
NEW YORK (Reuters) - When private equity firm Carlyle Group LP bought a controlling stake in Getty Images Inc in October last year, debt investors fell over one another to help finance the $3.3 billion deal.
Analysis: Washington becomes the biggest risk to the U.S. economy
WASHINGTON (Reuters) - Consensus may be hard to find in Washington these days, but many corporate executives and economists seem to agree on one point: the biggest risk to the world's largest economy may be its own elected representatives.
Verizon third quarter earnings, revenue beat Wall Street estimates
NEW YORK (Reuters) - Verizon Communications Inc on Thursday posted stronger- than-expected third-quarter earnings and revenue on strong wireless growth, sending its shares up 2.4 percent in early trade.
Lagardere says to part with 10 magazines, 350 jobs hit
PARIS (Reuters) - French media group Lagardere said it planned to restructure its magazine division and sell 10 of its 39 titles to focus on growing its most strategic brands online.
EU's Barnier warns U.S. of tit-for-tat action over banks
LONDON (Reuters) - The European Union's financial services chief warned of tit-for-tat action if the United States pushes ahead with plans to impose extra capital requirements on foreign banks.
Blackstone's third-quarter earnings rise 3 percent
(Reuters) - Blackstone Group LP , the largest publicly listed alternative asset manager, said on Thursday that its third-quarter earnings increased by 3 percent year-on-year as its fee revenue and profits from sales of its holdings rose.
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