The Other Side of Life 24/7: Business Today: Futures hold gains after data

Thursday, November 21, 2013

Business Today: Futures hold gains after data

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11/21/2013

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Futures hold gains after data

NEW YORK (Reuters) - Stock index futures held gain on Thursday after data showed jobless claims fell in the latest week and producer prices fell for a second consecutive month.

U.S. jobless claims fall, hint at firming labor market

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting some strengthening of labor market conditions.

Producer prices fall for second month

WASHINGTON (Reuters) - Producer prices fell for a second straight month in October, indicating inflation pressures remain benign.

Fragile global recovery stumbles as Europe, China falter

LONDON (Reuters) - The fragile global economic recovery took a step backwards this month as businesses across the euro zone and China's vast factory sector grew at a milder pace, business surveys showed on Thursday.

Weak sales, more promotions hurt Sears

(Reuters) - Sears Holdings Corp reported a wider quarterly net loss on Thursday after sales fell at both its namesake department stores and its Kmart discount chain and it invested in more promotions targeting rewards members.

BOJ's Kuroda, upbeat on global outlook, says Japan recovery on track

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said the U.S. and euro zone economies are gaining strength, seeking to dispel concerns among other policymakers that Japan's export engine and broader recovery were vulnerable to weakness overseas.

Germany's EADS workers to stage walk-out on November 28

FRANKFURT/MUNICH (Reuters) - Members of Germany's powerful IG Metall labor union will walk off the job at EADS sites next week to protest against a sweeping restructuring at the European aeronautics group that they fear will lead to thousands of job cuts.

Bangladesh approves wage hike for garment factory workers

DHAKA (Reuters) - Garment workers in Bangladesh will get a 77 percent pay increase from December as the government tries to end a wave of strikes that have roiled the world's second largest clothing exporter in recent months.

L'Oreal says travel retail boom creates 'sixth continent'

PARIS (Reuters) - French cosmetics giant L'Oreal has created a new travel retail division to make the most of a 17-billion-euro ($23 billion) market that is booming as a new, moneyed middle class emerges from China to Brazil.

Insight: Big trucks still rule Detroit in energy-conscious era

DETROIT (Reuters) - Five years into a remarkable rebound from near-disaster, the Detroit 3 automakers still count on sales of pickup trucks and SUVs in the North American market for the bulk of their global profits, despite efforts to shift buyers into smaller, greener vehicles as part of a broader move to remake the Motor City.