The Other Side of Life 24/7: Business Today: U.S. consumer prices unchanged, but underlying inflation picking up

Thursday, November 20, 2014

Business Today: U.S. consumer prices unchanged, but underlying inflation picking up

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11/20/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

U.S. consumer prices unchanged, but underlying inflation picking up

WASHINGTON (Reuters) - U.S. consumer prices were unexpectedly flat in October, but there are signs that underlying inflation pressures are starting to push higher.

U.S. jobless claims fall; continuing claims lowest since 2000

WASHINGTON, Nov 20 (Reuters) - The number of Americans filing new claims for unemployment benefits fell less than expected last week, but continued to point to strengthening labor market conditions.

Arizona sues General Motors, says it hid safety defects

(Reuters) - Arizona State filed a lawsuit against General Motors Co , claiming the carmaker put the public at risk by concealing safety defects to avoid the cost of recalls.

Takata, auto executives to face Senate over deadly air bag scandal

WASHINGTON/TOKYO (Reuters) - Executives from Japan's Takata Corp and two automakers will face tough questions from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into cars.

Special Report: Plant with troubled past at center of Takata air bag probe

CIUDAD FRONTERA Mexico/DETROIT (Reuters) - The dusty, industrial town of Ciudad Frontera, Mexico, has moved from the far reaches of the global auto supply chain to the front lines of an investigation into why air bags from Takata Corp are blowing up with lethal force in accidents.

Futures drop as weak China, Europe data spurs growth worries

NEW YORK (Reuters) - U.S. stock index futures fell on Thursday as concerns over global growth reemerged after weak business data out of the euro zone and a loss of momentum in Chinese factories.

Best Buy profit doubles as U.S. sales rise

(Reuters) - Best Buy Co Inc , the largest U.S. consumer electronics retailer, said quarterly profit nearly doubled as operating costs fell.

Alibaba to launch international version of Taobao marketplace

WUZHEN China (Reuters) - Jack Ma, the founder of China's Alibaba Group Holding Ltd , said on Thursday the firm will set up an international version of its e-commerce marketplace Taobao to serve shoppers worldwide in multiple languages, including English and Chinese.

Dollar Tree posts best same-store sales growth since 2011

(Reuters) - Discount retailer Dollar Tree Inc raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011.

Swiss banks asked to hand over more data in U.S. tax case: paper

ZURICH (Reuters) - The U.S. Department of Justice (DOJ) has requested more information from around 40 Swiss banks taking part in a program to make amends for possibly aiding tax evasion by wealthy Americans, a Swiss newspaper reported on Thursday.