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Thursday, May 15, 2014

Business Today: Jobless claims fall to seven-year low

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05/15/2014
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Jobless claims fall to seven-year low
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week to its lowest level in seven years, fresh evidence that the labor market was strengthening.
Stock futures little changed ahead of data; Wal-Mart earnings disappoint
NEW YORK (Reuters) - U.S. stock index futures were little changed on Thursday ahead of a slew of economic data that could provide a better picture of the health of the economy.
Wal-Mart profit falls 5 percent as harsh winter deters shoppers
(Reuters) - Wal-Mart Stores Inc reported a 5 percent drop in quarterly profit as a severe winter in the United States kept shoppers from its stores.
Consumer prices post biggest gain in 10 months
WASHINGTON (Reuters) - U.S. consumer prices recorded their largest increase in 10 months in April, pointing to some inflation in the economy.
GM recalls 140,067 Malibu cars in U.S. for possible faulty brake issue
DETROIT (Reuters) - General Motors Co is recalling 140,067 Chevrolet Malibu sedans in the United States for a potential faulty braking issue, according to documents filed with U.S. safety regulators.
Job market debate rages at Fed, likely keeping rates on hold
SAN FRANCISCO (Reuters) - Economists within the Federal Reserve are struggling to size up the strength of the U.S. labor market but can't even agree what yardstick to use.
GSK executive caught off-guard by China graft charges: sources
SHANGHAI (Reuters) - GlaxoSmithKline Plc executive Mark Reilly had little inkling he would be charged with leading a network of corruption in China's pharmaceutical industry, two sources with ties to the businessman and knowledge of the investigation said.
Euro zone first-quarter growth disappoints, puts pressure on ECB to act
BRUSSELS/BERLIN (Reuters) - The euro zone economy grew much less than expected at the start of the year and inflation remained locked in the 'danger zone' below 1 percent, increasing pressure on the European Central Bank to ease monetary policy at its next meeting in June.
Pfizer move on Astra threatens UK science, lawmakers say
LONDON (Reuters) - Pfizer's potential takeover of AstraZeneca poses a threat to British science unless the U.S. drugmaker can give more concrete, enforceable guarantees on jobs and investment, politicians scrutinizing the deal said on Thursday.
Amid protests, FCC to vote on new 'net neutrality' proposal
WASHINGTON (Reuters) - U.S. telecommunications regulators will vote on Thursday on whether to formally propose new "net neutrality" rules that may let Internet service providers charge content companies for faster and more reliable delivery of their traffic to users.
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Jobless claims fall to seven-year low
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