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Thursday, September 26, 2013

Business Today: Stock futures add to gains after GDP, claims data

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09/26/2013
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
Stock futures add to gains after GDP, claims data
NEW YORK (Reuters) - U.S. stock index futures added to gains after data showed weekly initial jobless claims fell more than expected to a near six-year low and a final reading for second-quarter gross domestic product growth remained unchanged.
U.S. jobless claims fall; no more backlog of unprocessed claims
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell last week to a near six-year low, a promising sign for the labor market.
JPMorgan in talks to settle government probes for $11 billion: sources
NEW YORK (Reuters) - JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, two people familiar with the matter said on Wednesday.
J.C. Penney shares fall further as liquidity concerns grow
(Reuters) - J.C. Penney Co Inc shares fell more than 8 percent in premarket trading amid concerns the retailer may not be able to boost its cash reserves ahead of the crucial holiday season.
New era as Brussels tightens its grip on budget miscreants
BRUSSELS (Reuters) - Four months ago, President Francois Hollande warned Brussels not to tell France how to run its finances. In a few weeks' time, the European Commission will do exactly that as a new era of rigid fiscal surveillance begins in Europe.
Fairfax's Watsa confident BlackBerry bid will succeed
TORONTO (Reuters) - Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd.
Asda and Tesco apologies for 'mental patient' costumes
LONDON (Reuters) - Britain's two biggest retailers, Tesco and Asda, have each withdrawn a Halloween costume from sale and apologized to customers after being criticized for stereotyping those suffering from mental illness.
Barclays to shut wealth management services in 130 countries
(Reuters) - Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit.
BlackRock launches short-maturity bond ETF
NEW YORK (Reuters) - BlackRock Inc, the largest provider of exchange-traded funds through its iShares business, is set to launch a new actively managed ETF focused on short-maturity bonds that will begin trading Thursday.
Fiat chairman says Chrysler IPO changes business situation
MILAN (Reuters) - The listing of Chrysler creates a different business situation for the Fiat group to operate in, the chairman of the Italian automaker said on Thursday.
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