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Thursday, May 23, 2013

Business Today: Jobless claims data suggests labor market strength

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05/23/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Jobless claims data suggests labor market strength
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington.
EU wants big companies to reveal national tax bills
BRUSSELS (Reuters) - Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance.
Fed not "that close" to winding down stimulus: Bullard
LONDON (Reuters) - A top U.S. central bank official sought to reassure financial markets that the Federal Reserve was not in a hurry to start winding down its economic stimulus as investors worried about comments by its chairman Ben Bernanke.
Stock futures fall on stimulus plan concerns, China data
NEW YORK (Reuters) - Stock index futures fell on Thursday, putting the S&P 500 on track for its first daily back-to-back declines in a month, amid investor concerns the U.S. Federal Reserve may begin to taper its stimulus measures and over weak data in China.
ECB seeks new tools while Fed toys with exit
PARIS/WASHINGTON (Reuters) - The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting the contrasting fortunes between the world's two biggest economic blocs.
Warning signs for China, Fed hints at curbing stimulus
LONDON (Reuters) - Chinese factory activity shrank in May for the first time in seven months, overshadowing signs that the euro zone's downturn tempered slightly in May, business surveys showed on Thursday.
Rue21 to go private in $1.1 billion deal
(Reuters) - Teen-apparel retailer rue21 Inc said it agreed to be acquired by private equity firm Apax Partners in a deal valued at about $1.1 billion.
Argentina, Repsol struggle to bridge gap over YPF compensation
MADRID/BUENOS AIRES (Reuters) - A year after Argentina seized the local business of Spanish oil firm Repsol , there seems little prospect of a quick deal on compensation despite signs that both sides would rather avoid a costly, drawn-out legal battle.
Dover to spin off some communication technologies businesses
(Reuters) - U.S. industrial conglomerate Dover Corp said it will spin off some of its communication technologies businesses into a publicly traded company named Knowles Corp.
UK regulator fines JPMorgan 3 million pounds
LONDON (Reuters) - Britain's Financial Conduct Authority (FCA) said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds ($4.6 million) for being unable to show it was giving clients the right advice.
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Jobless claims data suggests labor market strength
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