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European shares turn positive after U.S. GDP data

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European shares turned positive on Thursday after data showed the U.S. economy grew in the third quarter for the first time in a year as consumer spending and investment in new home-building rebounded.
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US STOCKS-Wall St set to gain after GDP tops expectations

Wall Street was set for a near 1 percent opening gain on Thursday following four days of losses in the S&P 500 after data showed the U.S. economy grew faster than expected in the third-quarter and corporate profits reassured investors.
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FTSE slips as bank gains offset by weaker energy

Weakness in energy stocks, pulled lower by downbeat results from Royal Dutch Shell (RDSa.L), offset gains from banks and miners leaving Britain's FTSE 100 .FTSE off 0.3 percent by midsession on Thursday.
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Economy likely grew in Q3; inventory a wild card

The U.S. economy resumed growing in the third quarter after a year of decline as consumers spent more and investment in home-building bounced back to end the worst recession in 70 years, a Reuters survey of economists predicts.
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UPDATE 1-State Street settlement OK'd despite objection

A federal judge ordered State Street Corp (STT.N) to pay $89.75 million to settle a lawsuit over mortgage losses, rejecting the bank's argument that the accord may prove unfair depending on how a related regulatory probe is resolved.
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Futures up ahead of GDP; P&G, Motorola gain premarket

Wall Street was set to rise on Thursday after four days of losses in the S&P 500 as reassuring corporate profits spurred optimism ahead of data expected to show the U.S. economy resumed growing in the third quarter.
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Economy likely grew in latest quarter

The U.S. economy resumed growing in the third quarter after a year of decline as consumers spent more and investment in home-building bounced back to end the worst recession in 70 years, a Reuters survey of economists predicted.
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U.S. stock futures signal rebound; eyes on GDP data

* U.S. stock index futures pointed to a higher opening on Wall Street on Thursday as investors take a breather following the previous session's sharp selloff ahead of key GDP figures and a flurry of corporate earnings.
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Shell, ENI give cool outlook as profits tumble

Oil majors Royal Dutch Shell Plc and Eni dashed hopes of an imminent turnaround for the industry, as sluggish economic recovery weighs on energy demand and prices, contributing to a big drop in profits.
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Shell cuts 5,000 jobs as profits tumble

Oil majors Royal Dutch Shell Plc and Eni dashed hopes of an imminent turnaround for the industry, as sluggish economic recovery weighs on energy demand and prices, contributing to a big drop in profits.
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Futures rise with GDP numbers on tap

U.S. stock index futures rose on Thursday ahead of data expected to show the economy grew in the third quarter, while jobless numbers and a round of corporate earnings were also on tap.
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U.S. economy likely grew in latest quarter

The U.S. economy resumed growing in the third quarter after a year of decline as consumers spent more and investment in home-building bounced back to end the worst recession in 70 years, a Reuters survey of economists predicts.
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Global stocks hit three-week low on recovery jitters

World stocks hit a three-week low on Thursday, following a sharp fall on Wall Street, as disappointing European corporate results and weak U.S. data fanned concerns about the strength of the economic recovery.
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U.S. labor agency mulls new airline union proposal: report

National Mediation Board, a U.S. federal labor-management relations agency, is considering a proposal to allow airline workers to form unions with the majority approval of those voting, Bloomberg news agency said, citing people familiar with the matter.
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Oil steadies above $77, eyes U.S. GDP data

Oil prices steadied at above $77 a barrel on Thursday, pausing from the previous session's decline of 2.6 percent, as investors waited for more economic data to gauge the pace of economic recovery in the United States.
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Asia shares slump, yen benefits as safer haven

Asian shares fell sharply on Thursday after weak U.S. economic data rekindled investor worries about growth, while hedge funds sold risky assets, lifting the yen and supporting the dollar.
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Google launches music search with Lala and iLike

Google Inc on Wednesday partnered with Web services Lala and MySpace's iLike to give music fans an easier way to find, sample and buy songs on the Internet, expanding its music industry footprint.
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Asia shares hit by growth worries; yen gains

Asian shares fell on Thursday after a set of weak U.S. data rekindled worries about global growth and prompted a shift away from riskier assets, lifting the yen and underpinning the dollar.
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SEC search for ways to peer into fast trades

U.S. regulators are searching for ways to peer into the activities of high-frequency trading, which has blossomed in recent years and now accounts for at least 50 percent of all equity trading in the United States.
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McKinsey, Akamai open probes in Galleon scandal

McKinsey & Co and Akamai Technologies Inc launched investigations on Wednesday into accusations by the U.S. government that some of their employees were linked to the Galleon Group insider-trading scandal.

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