Business Today: Stock futures briefly trim gains after data

		Click to View in Browser 03/28/2013 Stock futures briefly trim gains after data NEW YORK (Reuters) - Stock index futures briefly trimmed gains after data showed initial jobless claims rose more than expected last week and the economy expanded at a sluggish pace in the fourth quarter. Economy posts sluggish growth in fourth quarter WASHINGTON (Reuters) - The economy expanded at a sluggish pace in the fourth quarter although a big gain in business investment and higher exports of services led the government to push up its previous estimate for growth. Jobless claims rise, labor market still healing WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but probably not enough to suggest the labor market recovery was taking a step back. Patient Cypriots queue as banks reopen NICOSIA (Reuters) - Cypriots queued calmly at banks as they reopened on Thursday under tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to avert bankruptcy. BlackBerry posts surprise profit, but subscriber base down TORONTO (Reuters) - BlackBerry reported a surprise quarterly profit on Thursday, but its subscriber base fell slightly more than expected, and revenue remained far below year-earlier levels. Analysis: Austerity threatens EU's competitive edge in infrastructure BERLIN (Reuters) - Europe's carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world. Small businesses spell big problems for Italy and Spain MILAN/MADRID (Reuters) - Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditch bailout this week. Nokia fined by Indian tax officials, court issues stay HELSINKI (Reuters) - Nokia said on Thursday that Indian tax officials had issued the Finnish mobile phone maker with a fine although the Delhi High Court issued a stay on the demand. Panasonic plans $2.7 billion of fresh restructuring TOKYO (Reuters) - Japan's Panasonic Corp said it will spend 250 billion yen ($2.7 billion) over the next two years on a fresh round of restructuring to revive the sprawling electronics giant, but did not indicate if that spending would cover any possible job cuts. BP to go ahead with $500 million Shetlands investment LONDON (Reuters) - British oil group BP is pressing ahead with a $500 million-plus investment in the Shetland Islands, a shot in the arm for the government's efforts to revive the North Sea oil industry to help kickstart a flagging economy. Related Video Cyprus: Hot Russian money isn't going where you think Reuters on the Road: Donky shares the load Economic News Economy posts sluggish growth in fourth quarter Jobless claims rise, labor market still healing A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend