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Thursday, April 11, 2013

Business Today: Futures edge up after claims data

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04/11/2013
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Futures edge up after claims data
NEW YORK (Reuters) - Stock index futures edged higher on Thursday, after data showed that fewer than expected Americans filed for unemployment benefits in the latest week.
Jobless claims fall sharply last week
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, which could ease fears of a marked deterioration in labor market conditions after a surprise stumble in job growth in March.
Japan carmakers recall 3.4 million vehicles for Takata airbag flaw
TOKYO (Reuters) - Four Japanese automakers including Toyota Motor Corp, and Nissan Motor Co are recalling 3.4 million vehicles sold around the world because airbags supplied by Takata Corp are at risk of catching fire or injuring passengers.
Weak petroleum prices subdue U.S. imported inflation pressures
WASHINGTON (Reuters) - U.S. import prices fell in March as weak petroleum costs offset a spike in food prices, according to a government report on Thursday that pointed to benign inflation pressures.
Plosser pitches his plan for a post-crisis Fed
HONG KONG (Reuters) - A top Federal Reserve official on Thursday took an early stab at how the central bank should reduce its swelled balance sheet to a more normal size in the years ahead, arguing the current plan may need some adjusting.
Exclusive: Goldman deal with union group lets Blankfein keep dual roles
(Reuters) - For the second year in a row, Goldman Sachs Group Inc fended off a shareholder proposal that could have led to a messy public vote to strip Chief Executive Lloyd Blankfein of his chairman's title.
Billionaire Steinmetz sues former adviser over Soros link
LONDON (Reuters) - Israeli billionaire Beny Steinmetz is suing his former London-based business advisers and a British ex-minister in a battle over Guinea's mineral wealth.
March sales rise at Costco, Victoria's Secret parent L Brands
(Reuters) - Costco Wholesale Corp reported a slightly smaller-than-expected jump in same-store sales in March on Thursday, hurt by weak international results and lower gas prices, while Victoria's Secret parent L Brands Inc reported better-than-expected sales at all of its chains.
Protective Life to buy AXA U.S. life portfolio for $1 billion
(Reuters) - Protective Life Corp agreed to buy a portfolio of old policies from French insurer AXA SA's U.S. business for $1.1 billion, with the aim of squeezing more value out of them.
BOJ's new stimulus measures to boost Nikkei more, drag yen: Reuters poll
TOKYO (Reuters) - The Bank of Japan's massive stimulus to pull the economy out of two decades of malaise has altered the outlook for Japanese assets, according to a Reuters snap poll of analysts conducted after the central bank shocked markets with its radical shift in policy.
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Jobless claims fall sharply last week
Weak petroleum prices subdue U.S. imported inflation pressures
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