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Wednesday, December 24, 2014

Business Today: Stock futures flat after five-day rally; jobless claims data on tap

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Stock futures flat after five-day rally; jobless claims data on tap
NEW YORK (Reuters) - U.S. stock index futures were little changed on Wednesday, after a five-day winning streak pushed the Dow and S&P 500 to new closing records and ahead of data on the labor market.
U.S. jobless claims fall for fourth straight week
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy's enduring strength.
Exclusive: U.S. minimum wage hikes to impact 1,400-plus Walmart stores
CHICAGO (Reuters) - Minimum wage increases across the United States will prompt Wal-Mart Stores Inc to adjust base salaries at 1,434 stores, impacting about a third of its U.S. locations, according to an internal memo reviewed by Reuters.
Ruble stable, but S&P downgrade warning weighs
MOSCOW (Reuters) - Russia's ruble stabilised on Wednesday, as exporters selling foreign currency countered the effect of a ratings agency saying it could downgrade Russia's sovereign debt to 'junk' status as soon as next month.
Japan $29 billion stimulus seeks quick boost for regional economies: draft
TOKYO (Reuters) - Japan aims to give a quick boost to lagging regional economies and low-income households with subsidies, merchandise vouchers and other schemes in a $29 billion stimulus package aimed at rejuvenating a two-year reflationary effort, a draft of the plan showed.
Oil falls, near $60 on supply glut, strong dollar
LONDON (Reuters) - Brent oil fell on Wednesday, trading around $60 per barrel weighed down by strong supply in the United States and a rising dollar.
China offers fresh support for outbound investment
BEIJING (Reuters) - China will simplify currency rules and step up credit support for firms investing overseas, the cabinet said on Wednesday.
South Korea indicts Uber CEO, local unit for transport law breach
SEOUL (Reuters) - South Korea has indicted the chief executive officer and local subsidiary of Uber Technologies Inc for violating a law governing public transport, becoming the latest jurisdiction to challenge the U.S. taxi service provider.
Takata says president stepping down to streamline air bag recall response
TOKYO (Reuters) - Takata Corp , the auto supplier embroiled in a global safety crisis, said Wednesday its president, Stefan Stocker, would step down and its chairman would assume the role to unify the company's response to the recall of millions of vehicles carrying defective air bags.
Buffett-backed BYD's chairman increases stake, may buy more
SHANGHAI (Reuters) - BYD Co Ltd , the Chinese carmaker backed by Warren Buffett, said on Wednesday its chairman has increased his stake in the company and may buy more shares as a sign of confidence following the stock's record slump last week.
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