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Thursday, October 31, 2013

Business Today: U.S. jobless claims declined by 10,000 last week

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10/31/2013
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
U.S. jobless claims declined by 10,000 last week
WASHINGTON, Oct 31 - The number of Americans filing new claims for unemployment benefits declined largely as expected last week as the impact of a California computer glitch worked its way out of the report.
Exxon's quarterly profit down 18 percent, refining weighs
(Reuters) - Exxon Mobil Corp , the world's largest publicly traded oil company, on Thursday reported an 18 percent decrease in quarterly profit on weakness in its refining business.
Wall Street set to open flat, near record levels
NEW YORK (Reuters) - U.S. stock index futures pointed to a flat open on Thursday, as some strong corporate earnings gave investors a reason to buy, though they remained cautious, with indexes near record levels, as they digested recent comments from the Federal Reserve.
Sony slashes profit outlook with TV business back in red
TOKYO (Reuters) - Sony Corp cut its full-year profit targets after slipping to a quarterly net loss as its recovering TV operation relapsed into the red.
Facebook shares recover as investors shrug off falling usage
(Reuters) - Facebook Inc shares steadied on Thursday after wobbling in the wake of post-earnings comments by company executives about slowing use and a strategy of not increasing the frequency of ads shown to users.
ConocoPhillips expects $8.9 billion from oil asset sales
(Reuters) - ConocoPhillips expects about $8.9 billion in proceeds from the sale of assets in Kazakhstan, Algeria and Nigeria and reported a better-than-expected quarterly profit due to higher oil and gas prices.
BOJ raises GDP forecast, holds line on inflation
TOKYO (Reuters) - The Bank of Japan stopped short of officially forecasting it could raise inflation to 2 percent in two years after a review on Thursday, but said it was on track to reach its target and would maintain its massive stimulus as long as needed.
Time Warner Cable cuts revenue forecast after CBS blackout
(Reuters) - Time Warner Cable Inc cut its full-year revenue growth forecast after losing more video customers than analysts had expected from a month-long blackout of No. 1 U.S. broadcaster CBS Corp.
Danske quits Ireland as new CEO accelerates restructuring
COPENHAGEN (Reuters) - Seven weeks into the job, the head of Denmark's biggest financial institution Danske Bank has decided to largely pull out of Ireland, abandon profit targets and cut more jobs.
Britain pledges public access to tax evasion-busting database
LONDON (Reuters) - A new database of company ownership details, designed to expose international money laundering and tax evasion schemes, will be opened up to public scrutiny, British Prime Minister David Cameron said on Thursday.
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