  | | | Wall Street gains for third day on data, earnings | | NEW YORK (Reuters) - Stocks rose for a third day on Thursday after upbeat housing data and stronger-than-expected results from companies, including Lockheed Martin, overshadowed some high-profile earnings misses. | | |  | | | Jobless claims suggest stumbling labor recovery | | WASHINGTON (Reuters) - The number of Americans lining up for new jobless benefits fell slightly last week but remained above levels posted earlier this year, suggesting improvement in the labor market is stalling. | | | |  | | | Production growth lifts Shell; Exxon falls short | | (Reuters) - Quarterly earnings from the top two publicly traded oil companies on Thursday showed clearly both the challenge and potential gains of growing output, with Exxon Mobil Corp falling short and Royal Dutch Shell Plc easily beating estimates. | | | |  | | | China buys Boeing 777s, delays Airbus deal: sources | | (Reuters) - China Eastern Airlines is set to place a $6 billion order for up to 20 Boeing 777 jets, while simultaneously emerging at the centre of an aviation row between China and the European Union by stalling a recent Airbus deal, people familiar with the matter said. | | | |  | | | Rupert Murdoch blames rogue tabloid for phone-hacking | | LONDON (Reuters) - Rupert Murdoch called his News of the World tabloid an "aberration" on Thursday, accusing journalists of hiding phone-hacking from himself, his son James and his protégée Rebekah Brooks, and said he wished he had shut it down sooner. | | | | | New J&J CEO parachuting into tough terrain | | (Reuters) - Johnson & Johnson is sending in a former Army Ranger to clean up several big messes that have hurt its reputation, earnings and share price in the past three years. | | | |  | | | MetLife exits reverse mortgage business | | (Reuters) - MetLife Inc, the largest U.S. life insurer and reverse mortgage lender, made a surprise shift on Thursday with the sale its reverse mortgage business as part of its exit from banking-related activities. | | | |  | | | GM CEO earned $7.7 million in cash, stock in 2011 | | DETROIT (Reuters) - General Motors Co Chief Executive Dan Akerson earned $7.7 million in cash and stock in 2011, the year the automaker reclaimed its global sales crown and boosted its annual profit by 62 percent, GM said in a proxy filing on Thursday. | | | |  | | | Mexico City mayor says to probe Wal-Mart "store by store" | | MEXICO CITY (Reuters) - Mexico City's mayor, Marcelo Ebrard, said on Thursday authorities in the capital would investigate allegations "store by store" that the Mexican unit of Wal-Mart Stores Inc bribed officials to expand its business in the country. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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