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Thursday, February 13, 2014

Business Today: Jobless claims rise in latest week

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02/13/2014
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Jobless claims rise in latest week
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, government data showed Thursday.
Retail sales drop unexpectedly in January
WASHINGTON (Reuters) - U.S. retail sales fell unexpectedly in January, and another gauge of consumer spending also slipped.
Comcast to buy Time Warner Cable for $45.2 billion
(Reuters) - Comcast Corp said on Thursday it would buy Time Warner Cable Inc for $45.2 billion in an all-stock deal that combines the two largest U.S. cable operators.
Futures slip ahead of retail sales, claims data
NEW YORK (Reuters) - Stock futures declined on Thursday, after a disappointing outlook from Cisco Systems and ahead of data on retail sales and the labor market.
GM recalls 778,562 compact cars in North America for ignition issue
DETROIT (Reuters) - General Motors Co said on Thursday it is recalling 778,562 older-model Chevrolet Cobalt and Pontiac G5 compact cars in North America to correct a condition that may allow the engine and other components, including airbags, to be unintentionally turned off.
Avon says bribery probe settlement could reach $132 million
(Reuters) - Avon Products Inc said on Thursday it may cost as much as $132 million to settle a U.S. bribery investigation into the beauty products company's efforts to develop new markets overseas.
PepsiCo posts rise in profit, to return more cash to investors
(Reuters) - PepsiCo Inc reported a better-than-expected 5 percent rise in quarterly profit and said it would return about $2.3 billion more to shareholders in 2014 in the form of share buybacks and dividend.
Nestle hints at more deals after deeper healthcare dive
LONDON (Reuters) - Swiss food giant Nestle's deeper dive into healthcare by taking over the dermatology joint venture it had with L'Oreal suggests further deals in the space are likely.
Small is the next big thing in Asia aviation
SINGAPORE (Reuters) - After flying under the radar for many years, manufacturers of smaller jet and propeller-driven passenger aircraft are finding a bigger market in the Asia-Pacific with a slew of orders at the Singapore Airshow.
India to raise $9.9 billion in telecoms spectrum auction: minister
NEW DELHI (Reuters) - India is set to raise about 611.61 billion rupees ($9.9 billion) from the auction of telecommunication spectrum, the telecoms minister said on Thursday, far exceeding the government's target as it tries to narrow its budget deficit.
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