Stock futures gain after jobless claims and trade data
(Reuters)
Date/Time: Thu, 09 Sep 2010 12:41:26 GMT
Reuters - Stock index futures rose on Thursday after data showed first-time jobless claims fell more than expected last week, while the U.S. trade deficit narrowed more than expected in July.
Jobless claims add hope to labor outlook
(Reuters)
Date/Time: Thu, 09 Sep 2010 12:50:17 GMT
Reuters - New claims for unemployment benefits fell more than expected last week to their lowest level in two months, a hopeful sign for the troubled labor market.
Reuters - McDonald's Corp reported higher global sales at restaurants open at least 13 months in August, helped by sales of smoothies, frappes and other cold drinks in the United States.
Trade gap narrows more than expected in July
(Reuters)
Date/Time: Thu, 09 Sep 2010 12:57:07 GMT
Reuters - The trade deficit narrowed more than expected in July, as imports retreated and exports shot to their highest since August 2008, according to a government report on Thursday that could lift hopes for third-quarter economic growth.
UK watchdog fines Goldman Sachs $27 million
(Reuters)
Date/Time: Thu, 09 Sep 2010 09:44:26 GMT
Reuters - Britain's financial watchdog slapped a 17.5 million pounds ($27 million) fine on Goldman Sachs on Thursday for inadequate disclosure of a U.S. probe into the Wall Street powerhouse.
Wall Street up as fears for European economy ease
(AFP)
Date/Time: Wed, 08 Sep 2010 14:24:11 GMT
AFP - US stocks were slightly up on Wednesday after news of a successful Portuguese debt auction eased the previous day's concerns about the European economy.
U.S. slips in WEF's competitiveness rankings
(Reuters)
Date/Time: Thu, 09 Sep 2010 09:22:47 GMT
Reuters - Switzerland remains the world's most competitive economy, while the United States has fallen from second to fourth after losing the top spot last year, according to the World Economic Forum's annual rankings issued on Thursday.
Spartech posts fiscal 3Q loss, misses expectations
(AP)
Date/Time: Wed, 08 Sep 2010 23:24:40 GMT AP - Plastic sheet and packaging maker Spartech Corp. reported a net loss for its fiscal third quarter on Wednesday and said that despite higher revenue, the overall market recover is slower than expected. Read More
Struggling Spain OKs labor market reforms
(AP)
Date/Time: Thu, 09 Sep 2010 11:15:42 GMT AP - Spain gave final approval Thursday to labor market reforms designed to shake up a listless economy and help slash a bloated deficit that has prompted European-wide worries of another Greek-style debt crisis. Read More
FDIC's Bair warns of government "exposure" in mortgages
(Reuters)
Date/Time: Thu, 09 Sep 2010 03:53:37 GMT Reuters - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages. Read More