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Thursday, April 25, 2013

Business Today: Stock futures add to gains after jobs data

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04/25/2013
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Stock futures add to gains after jobs data
NEW YORK (Reuters) - Stock index futures added to gains on Thursday after data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week.
Jobless claims fall, labor market recovery advances
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market despite signs of slower growth.
Exxon quarterly profit up slightly
(Reuters) - Exxon Mobil Corp said on Thursday its quarterly profit edged up, helped by higher earnings in its chemicals business but oil and gas production fell.
Time Warner Cable revenue misses as data services disappoint
(Reuters) - Time Warner Cable Inc, the second-largest U.S. cable operator, reported first-quarter revenue below analysts' estimates as it added fewer-than-expected subscribers for its high-speed data services.
France Tel CEO to face court in corruption probe
PARIS (Reuters) - France Telecom's chief executive is to appear before the disciplinary wing of a French court in charge of auditing public spending as part of a probe into alleged corruption when he was a government aide.
Strong post-holiday season boosts UPS profit
(Reuters) - United Parcel Service Inc , the world's largest package-delivery company, reported a quarterly profit above analysts' estimates, buoyed by a stronger-than-expected post-holiday season in January.
Dow Chemical profit beats estimates as sales of farm products jump
(Reuters) - Dow Chemical Co's first-quarter earnings beat analysts' estimates, helped by higher demand for its seeds and crop-protection chemicals in the Americas.
ConocoPhillips first-quarter profit, output lower
(Reuters) - ConocoPhillips reported lower quarterly earnings on Thursday as oil and natural gas production edged down along with crude prices.
U.S. budget cuts to trim 2013 bookings by $400 million-$600 million: Raytheon
WASHINGTON (Reuters) - Mandatory U.S. budget cuts that took effect on March 1 will likely trim Raytheon Co's U.S. bookings by $400 million to $600 million this year, as expected, but no new surprises have emerged, the company's chief financial officer said on Thursday.
New York Times reports lower revenue on ad slide
(Reuters) - New York Times Co reported a decline in quarterly revenue as advertisers pulled back their spending.
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