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Thursday, August 21, 2014

Business Today: U.S. jobless claims fall, continued claims at seven-year low

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08/21/2014
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U.S. jobless claims fall, continued claims at seven-year low
WASHINGTON, Aug 21 (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a sustained improvement in labor market conditions.
Futures edge higher ahead of Jackson Hole meeting, data
NEW YORK (Reuters) - U.S. stock index futures edged higher on Thursday, ahead of a flurry of economic data and the start of the meeting of top central bankers and economists in Jackson Hole, Wyoming.
Fed's George says U.S. economy is ready for a rate hike: CNBC
(Reuters) - The time has come for the Federal Reserve to raise interest rates, a top U.S. central banker said on Thursday, citing improvements in the labor market.
Family Dollar rejects Dollar General offer on antitrust worries
(Reuters) - Family Dollar Stores Inc rejected Dollar General Corp's $8.95 billion acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree Inc .
Dollar tree profit falls 2.6 percent
(Reuters) - Dollar Tree Inc reported a 2.6 percent fall in quarterly profit as costs increased.
After Russia targets McDonald's, businesses wonder who's next
MOSCOW Russia (Reuters) - Russia said on Thursday it was investigating dozens of McDonald's restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine they fear could spread to other symbols of Western capitalism.
G20 edging towards deal on 'bail-in' bond cushion for banks
LONDON (Reuters) - Government leaders are expected to agree in November that the world's top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the rescue, industry and G20 officials said.
Exclusive: Shake Shack picks JPMorgan, Morgan Stanley to lead IPO - sources
NEW YORK (Reuters) - Shake Shack, the fast-food restaurant chain that has developed a cult following for its 'Shackburgers', 'flat-top' hot dogs and eponymous shakes, has selected JPMorgan Chase & Co and Morgan Stanley to lead a proposed initial public offering, according to people familiar with the matter.
Sears posts loss for 9th straight qtr as sales fall again
(Reuters) - Sears Holdings Corp , owner of Sears department stores and the Kmart discount chain, reported its ninth straight quarterly loss as sales continued to shrink, sending its shares down 5 percent in light premarket trading.
Euro zone business growth slows in August, prices fall: PMI
LONDON, Aug 21 (Reuters) - Euro zone private business growth slowed more than expected this month, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed on Thursday.
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