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Thursday, April 12, 2012

Business Today: Stock futures pare gains after data

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04/12/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures pare gains after data
NEW YORK (Reuters) - Stock index futures pared gains after data showed new claims for unemployment benefits unexpectedly rose to their highest level since January, heightening worry about a stalled labor market recovery.
Jobless claims unexpectedly rise last week
WASHINGTON (Reuters) - New claims for unemployment benefits rose last week to their highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March.
Producer prices flat in March on gasoline
WASHINGTON (Reuters) - Producer prices were unexpectedly flat in March as a drop in gasoline costs offset rising food prices, according to a government report on Thursday that also showed moderate underlying inflation pressures.
Energy costs stir worries in U.S. economic expansion
WASHINGTON (Reuters) - U.S. economic activity kept growing moderately in the late winter months but rising energy prices were beginning to worry manufacturers and retailers across the country, the Federal Reserve said on Wednesday.
Sony CEO wields ax, sets turnaround targets
TOKYO (Reuters) - Less than a fortnight into his job as CEO, Kazuo Hirai sketched out a strategy to revive Sony Corp: a major push into smartphones, growth in games and cameras, and big cost cuts in a TV business that has not made a profit in eight years.
What will be the next Instagram?
SAN FRANCISCO (Reuters) - Facebook's willingness to pay $1 billion to buy the 12-person start-up Instagram has Silicon Valley venture capitalists happily re-doing their math on the potential value of hot young companies.
Walmart International focusing on own business over deals
(Reuters) - Wal-Mart Stores Inc is emphasizing improving results in international markets where it already operates, such as China, over entering new markets, its top international executive said on Thursday.
Fed's Dudley: Too soon to say economy out of danger
SYRACUSE, New York (Reuters) - The disappointing performance of the U.S. labor market in March shows it is too early to conclude the economy is out of the woods, despite months of encouraging economic data, New York Federal Reserve Bank president William Dudley said on Thursday.
UK North Sea decommissioning heightens risk of leaks
LONDON (Reuters) - The UK North Sea's dwindling oil and gas reserves will make abandoning wells increasingly common, exposing operators to similar challenges facing French major Total when decommissioning work triggered a blowout, the International Energy Agency (IEA) said on Thursday.
Exclusive: SEC, Goldman to settle research case for $22 million: sources
WASHINGTON (Reuters) - U.S. securities regulators are preparing to announce that Goldman Sachs will pay $22 million to settle allegations the bank did not have adequate policies to prevent research from being passed inappropriately to preferred clients, people familiar with the matter said on Wednesday.
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