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Thursday, April 24, 2014

Business Today: U.S. jobless claims rise more than expected last week

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04/24/2014
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U.S. jobless claims rise more than expected last week
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the rise probably does not suggest a shift in labor market conditions as the underlying trend continued to point to strength.
U.S. durable goods orders rise broadly, boost growth outlook
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter.
Stock futures point to higher open on tech results
NEW YORK (Reuters) - U.S. stock index futures were higher on Thursday, with Nasdaq futures jumping more than 1 percent following a pair of blowout results from technology stalwarts Apple and Facebook.
GM posts lower profit after recall; truck pricing strong
DETROIT (Reuters) - General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesigned pickup trucks in North America.
Time Warner Cable profit beats as demand for data services rises
(Reuters) - Time Warner Cable Inc , the second-largest U.S. cable operator, reported first-quarter profit above analysts' estimates as it added more residential subscribers than expected for its high-speed data services.
Verizon EPS fall short of Wall Street estimates
NEW YORK (Reuters) - Verizon Communications Inc profit fell short of Wall Street expectations on Tuesday, even as the company's revenue rose 4.8 percent, its highest growth rate in five quarters.
Nokia says India plant unlikely to be part of Microsoft deal
NEW DELHI (Reuters) - Nokia said that due to an ongoing tax dispute its Indian mobile phone handset plant was unlikely to be included in a deal due to be concluded on Friday for the sale of its global handset business to Microsoft.
Alstom shares jump on report of GE bid
PARIS (Reuters) - Shares in Alstom jumped more than 14 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.
Caterpillar posts higher first-quarter profit, raises outlook
(Reuters) - Caterpillar Inc on Thursday posted a quarterly profit that topped analysts' estimates and raised its full-year outlook on a stronger-than-expected rebound in sales to the construction industry.
American Airlines posts first quarter profit
(Reuters) - American Airlines Group , the world's largest carrier formed in a late 2013 merger, on Thursday reported a profit of $480 million, or 65 cents a diluted share, for the first quarter.
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U.S. jobless claims rise more than expected last week
U.S. durable goods orders rise broadly, boost growth outlook
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