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

Thursday, December 13, 2012

Business Today: Stock futures climb after data

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12/13/2012

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 climb after data

NEW YORK (Reuters) - Stock futures rose on Thursday after data showed initial jobless claims fell in the latest week, producer prices fell more than expected and retail sales rose in November.

Jobless claims fall sharply, recover from Sandy

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell for a fourth straight week last week, pointing to steady healing in the labor market.

Retail sales rebound, consumer spending gains traction

WASHINGTON (Reuters) - Retail sales rose in November in a sign that steady job creation is adding momentum to consumer spending in the fourth quarter.

Producer prices fall sharply as energy prices tumble

WASHINGTON (Reuters) - Producer prices fell more than expected in November as the cost of energy tumbled the most in over three years, according to a government report on Thursday that showed little inflation pressures in the economy.

Sprint offers $2.1 billion to buy rest of Clearwire

(Reuters) - Sprint Nextel Corp is offering $2.1 billion to buy the rest of Clearwire Corp to get full ownership of its wireless spectrum, ending years of speculation about its holding in the wireless internet provider.

Best Buy founder to make $5-$6 billion bid: report

(Reuters) - Best Buy Co Inc founder Richard Schulze is expected to make a fully financed offer to buy the consumer electronics retailer by the end of the week, the Minneapolis Star Tribune reported, citing a source.

MetLife says 2013 profit may be well below Wall Street view

(Reuters) - MetLife Inc , the largest life insurer in the United States, warned that 2013 earnings might be well below what Wall Street expects and said it needed to accelerate its strategic plans amid a persistently low interest-rate environment.

Banking deal boosts EU leaders in fighting crisis

BRUSSELS (Reuters) - The European Union reached a landmark deal on Thursday to make the European Central Bank the bloc's top banking supervisor, giving EU leaders greater confidence that they are gaining the upper hand over the euro zone's debt crisis.

ECB shield helps Italy and Spain meet debt funding goal

MILAN (Reuters) - The European Central Bank's potent bond-buying scheme allowed Italy and Spain to complete their challenging 2012 debt funding requirements through successful auctions on Thursday.

Thomson Reuters says has Libor all-clear, sees new role

LONDON (Reuters) - Thomson Reuters said on Thursday it wanted to play a role administrating overhauled interbank lending rates after British regulators told the news and information company it was not part of a global probe into rate fixing.