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Thursday, October 2, 2014

Business Today: U.S. jobless claims fall in sign of labor market strength

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U.S. jobless claims fall in sign of labor market strength
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a sign the U.S. labor market might be tightening.
Futures imply modest decline at open despite claims data
NEW YORK (Reuters) - U.S. stock index futures pointed to a slightly lower open on Thursday as a positive read on the labor market was not enough to entice buyers even after a sharp decline in the previous session.
As PIMCO bleeds assets, Gross shows risk of star culture
LONDON (Reuters) - Bill Gross' exit from Pimco has seen billions of dollars leave the fund group and even more value wiped off the share price of its parent company, offering a warning both to firms who rely on star managers and the investors who chase them.
ECB to flesh out asset-purchase plan it hopes will buoy euro zone
NAPLES Italy (Reuters) - The European Central Bank will present details on Thursday of a new asset-buying plan with which it hopes to revive the flagging euro zone economy and see off the specter of deflation.
Bank of America names CEO Moynihan chairman of board
(Reuters) - Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.
Daimler cuts car market forecast as Europe wobbles
PARIS (Reuters) - German luxury automaker Daimler has cut its growth forecast for the global car market, blaming cooler demand in emerging markets and a plunge in Russian sales which has put a fledgling European industry recovery in jeopardy.
Philips Electronics to appeal ruling in $467 million patent lawsuit
(Reuters) - Dutch healthcare equipment company Philips said on Thursday it would appeal against a U.S court ruling ordering it to pay $466.8 million in compensation to Masimo Corp for infringing two patents.
Angry Birds maker Rovio to cut up to 130 jobs
HELSINKI (Reuters) - Finnish mobile games maker Rovio, owner of the Angry Birds brand, plans to cut up to 130 jobs in Finland, or 16 percent of its workforce, saying growth has not been as strong as expected and it needs a simpler structure.
Fiat needs more than the 500 to turn core brand around
PARIS (Reuters) - While rivals roll out new models and concept cars, Fiat has little to show at the Paris auto show besides another variant of its retro-styled 500 compact car, in what is starting to look like a worrying trend for the carmaker's namesake brand.
Tesco's 250-million-pound black hole: Who was minding the shop?
LONDON (Reuters) - "Things are always unnoticed, until they're noticed," Tesco Chairman Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a 250 million pound ($410 million) sized hole in its first-half profits.
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U.S. jobless claims fall in sign of labor market strength
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