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Thursday, April 10, 2014

Business Today: Jobless claims tumble to near seven-year low

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04/10/2014
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Jobless claims tumble to near seven-year low
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in almost seven years, which could bolster views of an acceleration in job growth after a cold winter dampened hiring.
EBay, Icahn end proxy fight
NEW YORK (Reuters) - EBay Inc and Carl Icahn have ended their proxy fight, with the activist investor dropping his proposal that the e-commerce company split off its PayPal payments unit and withdrawing his two nominees for the eBay board.
Stock futures trim losses after jobless claims data
NEW YORK (Reuters) - U.S. stock index futures trimmed their losses on Thursday after weekly jobless claims fell more than expected in the latest week, a positive sign for the labor market.
U.S. import prices rise on surge in food costs
WASHINGTON (Reuters) - U.S. import prices rose more than expected in March as food prices recorded their largest increase in three years, but there was little sign of a broader pickup in imported inflation.
BP says can act as bridge between Russia and West
LONDON (Reuters) - BP will use its presence in Russia to help enhance relations between Moscow and the West, Chief Executive Bob Dudley said on Thursday as he restated his company's commitment to the country.
BlackBerry may consider exiting handsets, eyes investments
NEW YORK (Reuters) - BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships.
Wal-Mart partners with Wild Oats to roll back prices on organic food
(Reuters) - Wal-Mart Stores Inc wants Americans, even those on a budget, to buy more organic food.
Family Dollar to cut jobs, shut 370 stores as sales fall
(Reuters) - Family Dollar Stores Inc , seeking to reverse declining sales and profit, said on Thursday it would it would cut jobs, shut hundreds of underperforming stores and slash prices.
U.S. start-ups raise $9.99 billion, hit outsized valuations in first-quarter
SAN FRANCISCO (Reuters) - Venture capital funding for U.S. start-ups hit its highest mark since 2001 during the first three months of the year and 11 companies were valued at $1 billion or more, underscoring the increasingly pricey environment for entrepreneurs, according to a report on Thursday from consultancy CB Insights.
Special Report: The princeling of private equity
HONG KONG (Reuters) - The 28-year-old wears black-framed glasses perched on cheeks still round with youth. A discerning eye might notice the resemblance to his grandfather: former Chinese president and Communist Party leader Jiang Zemin.
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Jobless claims tumble to near seven-year low
U.S. import prices rise on surge in food costs
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