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Thursday, June 26, 2014

Business Today: U.S. jobless claims fall marginally last week

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06/26/2014
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U.S. jobless claims fall marginally last week
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell marginally last week, but continues to point to steadily improving labor market conditions.
Wall Street little changed ahead of data; Barclays lawsuit in focus
NEW YORK (Reuters) - Stock futures were little changed on Thursday after Wall Street snapped a two-day losing streak, with the market's focus on a batch of economic data including weekly jobless claims.
GM's Barra says more recalls possible as automaker reviews data
WASHINGTON (Reuters) - General Motors Chief Executive Mary Barra said on Thursday more recalls are possible as the No. 1 U.S. automaker grapples with a series of safety problems that have prompted the recall of 20 million cars.
U.S. consumer spending misses expectations on weak services
WASHINGTON (Reuters) - U.S. consumer spending rose less than expected in May, likely held back by weak healthcare spending, which could prompt economists to temper their second-quarter growth estimates.
New York attorney general accuses Barclays of 'dark pool' fraud
NEW YORK/LONDON (Reuters) - New York's attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency traders, while claiming to be protecting other clients from them.
U.S. healthcare profit outlook brightens on Obamacare, drug prices
NEW YORK (Reuters) - U.S. healthcare companies are winning higher profit forecasts, bucking a wider trend on Wall Street, as pricey new biotech drugs hit the market and insurance enrollment rises under the Affordable Care Act.
It's Asian bonds, not equities, that are too rich
SINGAPORE (Reuters) - An unusual parallel rally in Asian bonds and equities, powered for the last five years by cheap global funds, could give out soon with debt becoming a casualty of the increasing confidence in the outlook for global growth.
GM prepares to recall some Cruze sedans with Takata air bags
DETROIT (Reuters) - General Motors Co is preparing to recall about 33,000 Chevrolet Cruze sedans with potentially defective air bags made by troubled Japanese supplier Takata Corp, the automaker said late Wednesday.
China finds $15 billion of loans tied to falsified gold deals
SHANGHAI (Reuters) - Chinese gold processing firms have since 2012 used falsified gold transactions to borrow 94.4 billion yuan ($15.2 billion) from banks, the country's chief auditor said.
Testing U.S. crude oil export ban with swaps no simple matter
WASHINGTON (Reuters) - Oil producers considering swapping U.S. light crude abroad for the heavier imported oil needed by refiners to work around a decades-old ban on exporting domestic crude may find the strategy harder to execute than it looks on paper.
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U.S. jobless claims fall marginally last week
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