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Thursday, April 18, 2013

Business Today: Stock futures add to gains after claims data

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04/18/2013
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Stock futures add to gains after claims data
NEW YORK (Reuters) - Stock index futures slightly added to gains on Thursday after data showed new claims for unemployment benefits rose marginally last week, allaying fears of a major setback in the labor market recovery.
Jobless claims rise marginally last week
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose slightly last week, which could further allay fears of a major setback in the labor market recovery.
Morgan Stanley posts $958 million profit as wealth management grows
(Reuters) - Morgan Stanley reported a stronger-than-expected first-quarter profit of $958 million, compared with a year-earlier loss of $119 million, as its wealth management business grew.
German parliament backs Cyprus bailout
BERLIN (Reuters) - Germany's lower house of parliament voted overwhelmingly on Thursday to grant Cyprus a 10 billion euro bailout that is designed to avert bankruptcy for the tiny Mediterranean island nation and keep it in the euro zone.
Nokia sales tumble overshadows Lumia pick-up
HELSINKI (Reuters) - A sharp fall in sales of Nokia's basic phones overshadowed a stronger performance from its Lumia smartphones in the first quarter, sending its shares tumbling.
MTN says U.S. ruling a "positive" in Iran suit defense
JOHANNESBURG (Reuters) - The chief executive of South African telecom MTN Group on Thursday hailed a U.S. Supreme Court ruling as a major boost to its defense against a $4.2 billion lawsuit from rival Turkcell.
Insurer Aviva to cut 2,000 jobs worldwide
LONDON (Reuters) - British insurer Aviva Plc will cut as many as 2,000 jobs worldwide in the latest cost-cutting drive aimed at revitalizing its flagging fortunes, the company confirmed on Thursday.
Italy prosecutors turn up heat on banks in Monte Paschi inquiry
MILAN (Reuters) - Italian prosecutors stepped up investigations into alleged fraud at Monte dei Paschi bank by ordering police to gather evidence from JP Morgan, one of several foreign lenders linked to a scandal rocking the financial and political establishment.
Portugal finds spending cuts to keep bailout on course
LISBON (Reuters) - The Portuguese government approved around 800 million euros of new spending cuts on Thursday to put its EU/IMF bailout back on track after some of its austerity plan was thrown out by the constitutional court.
PepsiCo first-quarter profit beats; stands by 2013 outlook
(Reuters) - PepsiCo Inc posted better-than-expected quarterly earnings on Thursday, as price increases helped margins, but the company stood by its full-year forecast as it invests in its business.
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