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Thursday, October 18, 2012

Business Today: Stock futures edge lower after claims data

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10/18/2012
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 edge lower after claims data
NEW YORK (Reuters) - Stock index futures added to losses on Thursday after data showed initial jobless claims rose more than expected last week.
Jobless claims rise sharply
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, reversing a sharp decline in the prior week but still pointing to a labor market that is slowly healing.
Morgan Stanley posts higher adjusted earnings
(Reuters) - Morgan Stanley on Thursday reported better-than-expected adjusted earnings for the third quarter as it boosted revenue from trading bonds, long a sore spot for the investment bank.
Richard Li nears $2 billion buy of ING units: sources
HONG KONG (Reuters) - Hong Kong businessman Richard Li, younger son of Asia's richest man Li Ka-shing, is nearing a deal to buy ING's Hong Kong and Thailand business for over $2 billion, sources with direct knowledge of the matter told Reuters on Thursday.
Apple loses tablet copyright appeal against Samsung
LONDON (Reuters) - Apple has lost its appeal against a ruling that cleared rival Samsung of copying its registered designs for tablet computers, in a decision which could end the two firms' legal dispute on the subject across Europe.
Merkel, Hollande clash on EU budget tsar before summit
BERLIN/BRUSSELS (Reuters) - Germany and France, Europe's two central powers, clashed over greater European Union control of national budgets and moves towards a single banking supervisor before a summit of the bloc's leaders on Thursday.
Blackstone third-quarter profit up on strong fund performance
NEW YORK (Reuters) - Blackstone Group LP , the largest publicly listed alternative asset manager, said on Thursday third-quarter were its third best since going public in 2007 as its funds appreciated in value and performance fees soared.
Verizon third-quarter profit rises, boosted by wireless unit
(Reuters) - U.S. telecommunications group Verizon Communications Inc posted a 16 percent increase in quarterly profit, helped by higher revenue in its wireless business after it raised data prices and started selling the latest Apple iPhone.
Rosneft lodges bid for BP stake in TNK-BP: sources
LONDON/MOSCOW (Reuters) - State oil company Rosneft tightened its grip on the Russian oil industry on Thursday, lodging a cash and shares bid for British oil company BP's 50 percent stake in the country's third-largest oil producer, TNK-BP.
Hawker Beechcraft says talks with Chinese suitor fail
(Reuters) - Aircraft maker Hawker Beechcraft Inc, owned by Goldman Sachs and Onex Corp , said it intends to emerge from bankruptcy as a standalone company after talks to sell itself to Chinese aerospace firm Superior Aviation Beijing Co failed.
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