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Thursday, October 4, 2012

Business Today: Stock futures add to gains on Draghi comments

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10/4/2012
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 add to gains on Draghi comments
NEW YORK (Reuters) - Stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action.
Jobless claims rise less than expected last week
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose less than expected last week, according government data on Thursday that suggested a mild improvement in the labor market.
Google warns of more Motorola cuts, revises up third-quarter bill
(Reuters) - Google Inc revised up the bill for job cuts at its money-losing Motorola Mobility mobile phone unit in the third quarter and warned of further restructuring that may result in "significant" additional charges.
September sales rise at retail chains ahead of holiday rush
(Reuters) - September sales at U.S. retailers looked solid, not stellar, as shoppers finished up their back-to-school buying and put the brakes on more big spending before the holiday season.
U.S. planned layoffs up slightly in September: Challenger
NEW YORK (Reuters) - The number of planned layoffs at U.S. firms in September rose 4.9 percent after hitting a 20-month low in August, a report on Thursday showed.
ECB holds rates, Draghi eyed on Spain
BRDO PRI KRANJU, Slovenia (Reuters) - The European Central Bank kept its interest rates on hold on Thursday as markets awaited signals from its President Mario Draghi about when he might pull the trigger on his new bond-buying plan.
Facebook reaches 1 billion monthly active users
(Reuters) - Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up by 45 million users since June.
Fewer U.S. foreclosures completed in August: CoreLogic
NEW YORK (Reuters) - Lenders seized fewer U.S. homes in August, in part due to the rising popularity of alternatives to foreclosure, data analysis firm CoreLogic said on Thursday.
Exclusive: Euro zone considering bond insurance for Spain - sources
MADRID/PARIS (Reuters) - The euro zone is considering aiding Spain by providing insurance for investors who buy government bonds in a move designed to maintain Spanish access to capital markets and minimize the cost to European taxpayers, European sources said.
Analysis: Politics store risk for emerging market yield - seekers
LONDON (Reuters) - Investors rushing headlong to emerging markets in search of yield could find future returns under threat as economic downturns and income inequalities spur a rise in political risks.
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