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Thursday, November 13, 2014

Business Today: U.S. jobless claims rise but still close to 14-year low

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U.S. jobless claims rise but still close to 14-year low
WASHINGTON, Nov 13 (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, yet it remained near a 14-year low in a reminder that one small part of the labor market has returned to full health.
Wal-Mart's U.S. same-store sales show first growth in seven quarters
(Reuters) - Wal-Mart Stores Inc reported a higher-than-expected profit as comparable sales at its U.S. stores rose for the first time in seven quarters, helped by its small-format 'Neighborhood Market' stores and higher prices.
Futures edge up after Wal-Mart results; data on TAP
NEW YORK (Reuters) - U.S. stock index futures advanced on Thursday, buoyed by earnings from Wal-Mart and ahead of data on the labor market.
Buffett's Berkshire Hathaway to buy P&G's Duracell
(Reuters) - Warren Buffett's Berkshire Hathaway Inc said it would buy Procter & Gamble Co's Duracell battery business in exchange for its entire $4.7 billion stake in the world's No. 1 household products maker.
Oil below $80 as China slowdown chimes with OPEC warning
LONDON (Reuters) - Oil fell below $80 a barrel for the first time since 2010 on Thursday, as more evidence of a slowdown in China's resource-hungry economy chimed with OPEC warning of a substantial drop in demand next year.
'Transformers' sequel, higher affiliate drive Viacom sales
(Reuters) - Viacom Inc , owner of the Paramount movie studio and cable network MTV and Comedy Central, reported stronger-than-expected profit and revenue due to higher affiliate fees and the box-office success of movies such as "Transformers: Age of Extinction".
Takata says subject of U.S. criminal probe on air bag flaws
TOKYO (Reuters) - Japan's Takata Corp is the subject of a U.S. criminal investigation over potentially defective car air bags that have been linked to five deaths, a spokesman said on Thursday.
Honda discloses fifth Takata air bag-linked fatality, widens recall
TOKYO (Reuters) - Honda Motor Co said on Thursday that a driver in Malaysia died in July after being hit by shrapnel from an air bag supplied by Takata Corp - the fifth such fatality and the first outside the United States.
Hasbro in talks to buy DreamWorks Animation: NYT
(Reuters) - Toymaker Hasbro Inc is in talks to buy Hollywood studio DreamWorks Animation SKG Inc , the New York Times reported, citing people briefed on the matter.
Fed's Dudley: expectations for mid-2015 rate lift-off reasonable
ABU DHABI (Reuters) - Market expectations that U.S. interest rates will start to lift off sometime in mid-2015 are reasonable, New York Federal Reserve President William Dudley said on Thursday.
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