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Thursday, February 7, 2013

Business Today: Stock index futures cut gains following jobless claims data

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02/7/2013
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Stock index futures cut gains following jobless claims data
NEW YORK (Reuters) - U.S. stock index futures cut gains following jobless claims data on Thursday, with the S&P and the Dow indexes futures briefly turning negative.
Jobless claims fall, trend reading at near five-year low
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell last week and a trend reading hit a near five-year low, pointing to ongoing healing in the labor market.
Greenlight's Einhorn sues Apple, "dissatisfied" with plans
(Reuters) - Fund manager David Einhorn's Greenlight Capital on Thursday said it has sued Apple Inc and said the company needs to do more to unlock value for shareholders.
Productivity declines most in nearly two years
WASHINGTON (Reuters) - U.S. nonfarm productivity fell in the fourth quarter by the most in nearly two years as output increased marginally despite steady gains in employment, the Labor Department said on Thursday.
U.S. retail chains report mixed sales in January
(Reuters) - Several U.S. retailers reported mixed January sales results on Thursday, as consumers faced a hit to their take-home pay from higher payroll taxes, while cold weather may have helped spur purchases of winter clothes.
New York Times says revenues rise on subscription growth
(Reuters) - The New York Times Co on Thursday reported higher quarterly revenue as more people paid for its news products.
ECB, Ireland reach bank debt deal: source
DUBLIN/FRANKFURT (Reuters) - The European Central Bank agreed a deal on Thursday to ease Ireland's debt burden in a major boost to Dublin's hopes of emerging from an international bailout program, a source involved in the talks told Reuters.
Credit Suisse sees overhaul bearing fruit this year
ZURICH (Reuters) - Credit Suisse said it expects steps taken to overhaul its business will bear fruit this year, after fourth-quarter profit missed forecasts because of weak results at its investment bank.
Monte Paschi says no more derivatives losses
SIENA, Italy (Reuters) - Italy's Monte dei Paschi said there were no more derivatives losses beyond the 730 million euros ($988 million) it has disclosed, which have rattled financial markets and become a campaign issue ahead of parliamentary elections.
EU leaders seen shunning growth for subsidies in budget deal
BRUSSELS (Reuters) - European Union leaders begin two days of talks on a long-term budget on Thursday, with efforts to refocus spending on growth likely to be thwarted by demands for farm subsidies as pressure to reach a deal grows.
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Jobless claims fall, trend reading at near five-year low
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