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Thursday, November 8, 2012

Business Today: Stock futures rise after selloff, data on tap

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11/8/2012
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 rise after selloff, data on tap
NEW YORK (Reuters) - Stock index futures rose on Thursday ahead of job market data a day after major equity indexes posted their largest drops in months.
ECB's Draghi: economic outlook weak, not improving
FRANKFURT (Reuters) - The European Central Bank expects the euro zone economy to remain poor, ECB President Mario Draghi said after the bank left interest rates unchanged on Thursday.
Jobless claims fall though storm distorts data
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, a sign the labor market's slow recovery was gaining traction although a severe storm distorted the data.
Duke Energy profit beats Street, boosted by Progress
(Reuters) - Duke Energy Corp , the largest power company in the United States, posted a better-than-expected quarterly profit on Thursday due to benefits from its summer acquisition of rival Progress Energy.
McDonald's same-store sales fall, first time in 9 years
(Reuters) - McDonald's Corp on Thursday reported a 1.8 percent drop in October sales at established restaurants around the world, its first monthly sales fall since March 2003, hurt by stiff competition in a weak economy.
Kellogg sees 2013 growth, reaffirms 2012 views
(Reuters) - Kellogg Co said on Thursday it expects reported net sales growth to be about 7 percent and earnings per share growth to be between 5 and 7 percent for 2013.
Trade deficit narrows as exports climb
WASHINGTON (Reuters) - The U.S. trade deficit narrowed in September as exports increased, suggesting the economy expanded more than previously believed in the third quarter.
German funding row over Airbus hits EADS
PARIS (Reuters) - EADS blamed a funding row with Germany for contributing to a 3 billion euro cash outflow so far this year, which put a blot on the Airbus parent's stronger-than-expected quarterly earnings on Thursday and hit its shares.
AAR consortium says agreed with BP on TNK-BP board
MOSCOW (Reuters) - A quartet of Soviet-born billionaires who own half of Russia's third-largest crude producer, TNK-BP , agreed with their partner BP to restore TNK-BP's board functions, their consortium said on Thursday.
JPMorgan gets nod to resume stock buys after Whale loss
(Reuters) - JPMorgan Chase & Co said U.S. regulators have approved a plan for the bank to use its capital to buy back as much as $3 billion of its stock in the first quarter of 2013.
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