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Thursday, February 12, 2015

Business Today: U.S. jobless claims rise more than expected in latest week

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U.S. jobless claims rise more than expected in latest week
WASHINGTON, Feb 12 (Reuters) - The number of Americans filing new claims for unemployment rose more than expected last week, but the underlying trend remained consistent with a strengthening labor market.
U.S. retail sales weak, consumer spending gauge barely rises
WASHINGTON, Feb 12 (Reuters) - U.S. consumer spending barely rebounded in January as households appeared to continue holding back on discretionary spending, suggesting economic growth was slow at the beginning of the first quarter.
Futures gain after Ukraine deal, Swedish stimulus
NEW YORK (Reuters) - U.S. stock index futures advanced on Thursday, following a ceasefire agreement between Russia and Ukraine and surprising stimulus measures by Sweden's central bank.
Greek PM Tsipras in Brussels as clock ticks on EU bailout
BRUSSELS (Reuters) - Greece's radical new prime minister Alexis Tsipras was in Brussels on Thursday to lay out his case for more financial help to fellow EU leaders following finance ministers' failure to narrow differences overnight.
Oil bounces back toward $56 as dollar weakens
LONDON (Reuters) - Oil prices rebounded more than $1 toward $56 a barrel on Thursday, after a two-day decline, as a weakened dollar and industry spending cuts offset worries of a supply glut.
Time Inc hurt by falling print advertising, subscription revenue
(Reuters) - Time Inc , the largest magazine publisher in the United States, reported quarterly results that fell short of analysts' estimates, hurt by falling circulation and advertising revenue.
Online travel agency Expedia to buy rival Orbitz for $1.38 bln
(Reuters) - Online travel agency Expedia Inc said it would buy rival Orbitz Worldwide for about $1.38 billion in cash, as it looks to increase its customer base in a highly competitive travel industry.
Apple's inability to monitor standards lets Pegatron pay low wages, NGO says
TAIPEI (Reuters) - A labor rights group said Apple Inc is unable to effectively monitor standards along some of its supply chain, allowing companies such as Taiwanese assembler Pegatron Corp to keep base wages below local living expenses.
UK's SFO open to talks with tax authority over HSBC tax leaks
LONDON (Reuters) - Britain's Serious Fraud Office (SFO) said it was open to discussion with the country's tax authority over allegations that banking giant HSBC's Swiss subsidiary helped people avoid paying tax.
JPMorgan's new approach to probing suspect transactions sparks internal friction
ST. LOUIS/WASHINGTON (Reuters) - Clashes over strategy within JPMorgan Chase & Co's compliance operations have led to the departure of a series of managers in the past year, according to three of those who have left.
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