Business Today: Stock futures turn lower after strong data

		Click to View in Browser 12/5/2013 Stock futures turn lower after strong data NEW YORK (Reuters) - U.S. stock index futures turned negative on Thursday after data showed the U.S. economy grew faster than initially estimated in the third quarter and jobless claims fell for a third straight week. Third-quarter growth revised up to 3.6 percent WASHINGTON (Reuters) - The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively accumulated stock, but underlying domestic demand remained sluggish. U.S. jobless claims fall for third straight week WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a hopeful sign for the labor market recovery. Japan approves $182 billion economic package, doubts remain TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's cabinet approved a $182 billion package on Thursday to pull the economy out of deflation, but doubts remain about the impact. Bargain-hunting dents retailers' November sales NEW YORK (Reuters) - Several major U.S. retailers posted disappointing sales for November after cautious shoppers pinched their pennies at the start of a shorter holiday season. UK's Osborne says vindicated by growth rebound, vows to stay on course LONDON (Reuters) - Finance minister George Osborne celebrated a sharp turnaround in Britain's economy as vindication of his austerity push on Thursday, but said he would not relax his grip on public spending in the years ahead. GM to drop Chevy brand in Europe to focus on Opel FRANKFURT (Reuters) - General Motors will drop the Chevrolet brand in Europe by the end of 2015 after it failed to build a significant market share, and focus instead on its Opel and Vauxhall marques in a drive to return to profit on the continent. JPMorgan warns 465,000 card users on data loss after cyber attack NEW YORK/BOSTON (Reuters) - JPMorgan Chase & Co is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July. Unilever aims to reduce product assortment by 30 percent: CFO LONDON (Reuters) - Consumer products giant Unilever Plc is aiming to reduce the number of individual products it sells by 30 percent by the end of 2014 as it makes its business more efficient, its chief financial officer said on Thursday. Ford launches new global Mustang to buoy brand, boost margins DETROIT (Reuters) - Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker's image and spur sales of its more expensive models. Related Video Osborne's orthodoxy a hit, but job not done Mining 2014: Will the funding gap worsen? Economic News U.S. jobless claims fall for third straight week Third-quarter growth revised up to 3.6 percent A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend