Stock futures add declines after jobless data
Categorie : World Business NewsNEW YORK (Reuters) - U.S. stock index futures extended declines on Thursday after data showed initial claims for jobless benefits unexpectedly rose last week. ...
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Wed Feb 2010
Toyota's $2 billion recall hit to keep it in the red
Categorie : World Business NewsTOKYO/WASHINGTON (Reuters) - Toyota Motor Corp expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters. ...
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Jobless claims unexpectedly rose last week
Categorie : World Business NewsWASHINGTON (Reuters) - The number of workers filing new applications for jobless benefits unexpectedly rose last week, according to a government report on Thursday that pointed to a labor market still under stress even as the economy grows. ...
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Shell to slash downstream as Q4 profits collapse
Categorie : World Business NewsLONDON (Reuters) - Royal Dutch Shell Plc said it planned even deeper cuts to its oil refining and retail operations after downstream weakness caused a 75 percent fall in fourth-quarter profits to $1.18 billion. ...
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GMAC posts $5 billion Q4 loss
Categorie : World Business NewsNEW YORK (Reuters) - GMAC Financial Services, a lender that has received more than $16 billion from the U.S. government across multiple bailouts, said it lost $5 billion in the fourth quarter after writing down bad mortgage assets. ...
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January retail sales move into positive territory
Categorie : World Business NewsNEW YORK (Reuters) - January sales at top U.S. retail chains moved into positive territory from last year's decline as many avoided drastic clearance sales and shoppers redeemed holiday gift cards. ...
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Sony boosts outlook after first profit in 5 quarters
Categorie : World Business NewsTOKYO (Reuters) - Sony Corp's first profit in five quarters showed a restructuring at the electronics maker is starting to pay off as it halved its annual loss forecast on a rebound in its flat-TV business and cost cuts. ...
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Locke says enforcement will help U.S. double exports
Categorie : World Business NewsWASHINGTON (Reuters) - Tough enforcement of trade agreements will help the United States meet President Barack Obama's goal of doubling exports during the next five years, Commerce Secretary Gary Locke said on Thursday. ...
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Cisco trounces estimates, sees strong recovery
Categorie : World Business NewsNEW YORK (Reuters) - Cisco Systems Inc's quarterly results and outlook exceeded Wall Street expectations as more customers upgraded their networks to handle growing Internet traffic, leading CEO John Chambers to declare a very strong recovery. ...
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Oil slips towards $76 as demand lags economic recovery
Categorie : World Business NewsLONDON (Reuters) - Oil fell toward $76 a barrel on Thursday as rising crude inventories in the United States signaled a rebound in U.S. economic activity was failing to translate into higher demand. ...
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First-time jobless claims rise unexpectedly (AP)
Categorie : World Business NewsAP - The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce. ...
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Productivity rises more than expected in Q4 (AP)
Categorie : World Business NewsAP - Worker productivity rose more than expected in the October-December quarter as companies squeezed more output from their employees. ...
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