The Other Side of Life 24/7: Business Today: Stock futures turn negative after data

Thursday, November 15, 2012

Business Today: Stock futures turn negative after data

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11/15/2012

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 turn negative after data

NEW YORK (Reuters) - Dow and S&P index futures turned negative after data on Thursday showed initial jobless claims jumped to a 1 1/2-year high, a sign superstorm Sandy dented the economy, leaving tens of thousands of people out of work.

Jobless claims surge in wake of superstorm Sandy

WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits surged last week to a 1 1/2-year high, a sign superstorm Sandy had dented the economy by leaving tens of thousands of people out of work.

CPI rises on jump in the cost of shelter

WASHINGTON (Reuters) - Consumer prices rose in October as the cost of shelter surged by the most in over four years, while gasoline prices fell in a boost for consumer spending power.

Wal-Mart sales miss Wall Street view; shares down

(Reuters) - Wal-Mart Stores Inc reported quarterly sales below analysts' expectations on Thursday, with sales at established U.S. discount stores up, but not as much as Wall Street expected.

Target quarterly profit tops forecasts

(Reuters) - Target Corp's quarterly profit beat Wall Street forecasts as the discount chain lured shoppers with a wider variety of food products and 5 percent discounts for its cardholders.

McDonald's replacing its U.S. chief

(Reuters) - McDonald's Corp said on Thursday it is replacing Jan Fields, president of its U.S. business.

Viacom posts a higher profit despite weak advertising

(Reuters) - Viacom Inc reported a rise in quarterly profit, defying weak box-office sales and a challenging advertising environment.

BP to pay record fine for 2010 spill: sources

HOUSTON/WASHINGTON (Reuters) - BP Plc is expected to pay a record U.S. criminal penalty and plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster through a plea deal reached with the Department of Justice that may be announced as soon as Thursday, according to sources familiar with discussions.

Qatar backing puts Glencore's Xstrata deal on track

LONDON (Reuters) - Commodity trader Glencore's $32 billion takeover of Swiss miner Xstrata looked set to go ahead after winning the backing of Qatar Holdings, the bid target's second-largest shareholder.

Euro zone falls into second recession since 2009

BRUSSELS/BERLIN (Reuters) - The debt crisis dragged the euro zone into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday.