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Thursday, October 30, 2014

Business Today: Trade, defense spending buoy U.S. third-quarter growth

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Trade, defense spending buoy U.S. third-quarter growth
WASHINGTON (Reuters) - A smaller trade deficit and a surge in defense spending buoyed U.S. economic growth in the third quarter, but other details of Thursday's report hinted at some loss of momentum in activity.
U.S. jobless claims rise, but underlying labor market trends firming
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose for a second straight week last week, but remained at levels consistent with a firming labor market.
Futures point to lower open despite strong GDP report
NEW YORK (Reuters) - U.S. stock index futures pointed to a slightly lower open on Thursday despite a reading on third-quarter economic growth that was stronger than expected.
Thomson Reuters posts revenue rise on legal and tax & accounting
(Reuters) - Thomson Reuters Corp on Thursday reported a 1 percent rise in revenue because of growth in its Legal and Tax & Accounting businesses.
ConocoPhillips 3rd-quarter profit up on Nigeria asset sale
(Reuters) - ConocoPhillips, the largest U.S. independent oil company, reported higher third-quarter profit on Thursday, lifted by the sale of its Nigerian business.
MasterCard profit beats estimates as card usage rises
(Reuters) - MasterCard Inc reported a better-than-expected 15.5 percent jump in quarterly profit as a rise in global consumer confidence encouraged its customers to use cards to make purchases.
Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues
DETROIT (Reuters) - Chrysler Group said on Thursday that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tire pressure monitor systems.
Time Warner Cable loses more video customers in latest quarter
(Reuters) - Time Warner Cable Inc , the No. 2 U.S. cable TV operator, lost more video subscribers than analysts had expected in the third quarter as more customers opt for internet streaming services offered by companies such as Netflix Inc .
Samsung seeks smartphone revamp to arrest profit slide
SEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday said it would revamp its smartphone line-up to take on competitors in the rapidly growing mid-to-low range segment, after third-quarter earnings set it on course for its worst year since 2011.
Britain's Fraud Office launches probe into Tesco accounting scandal
LONDON (Reuters) - (This version of the story inserts missing context in ninth paragraph)
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