MARKETS / FINANCE

Wall St slips on Egypt concerns

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U.S. stocks slipped on Thursday as concerns over increasing disorder in Egypt and signs of exhaustion in the recent market rally weighed on investor sentiment.

Data points to stronger growth momentum

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Growth in the U.S. services sector in January was the fastest in more than five years, another sign the economy started 2011 on a solid footing, with measures of employment showing more strength.
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Jobless claims tumble 42,000 last week

New U.S. claims for unemployment benefits dropped more than expected last week, a government report showed on Thursday, pointing to continued gradual improvement in the labor market.
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Job seekers visit employment center in San Francisco- file photo

Jobless claims tumble, productivity rises

New U.S. claims for unemployment benefits fell sharply last week while nonfarm productivity in the fourth quarter was stronger than expected, confirmation the economic recovery was strengthening.
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Dow Chemical profit tops expectations

Brisk agricultural, plastic and electronic sales helped Dow Chemical Co, post a better-than-expected fourth-quarter profit, with earnings from joint ventures in the glass and energy sectors particularly strong.
Shoppers leave Costco in Fairfax, Virginia

Retail chains beat sales estimates, snow

Major U.S. retailers shrugged off the snowiest January in six years to post sales that blew past analyst expectations, easing concerns that consumers were all spent out after the holidays.
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Economic data points to strong growth momentum

Growth in the U.S. services sector in January was the fastest in more than five years, another sign the economy started the new year on a solid footing, with measures of employment showing some strength.
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BJ's may put itself up for sale

BJ's Wholesale Club Inc said it may put itself up for sale, under pressure from a private equity firm that may make a hostile bid.
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Gold eases as confidence in recovery gains traction

Spot gold was bid at $1,328.05 an ounce at 1300 GMT, against $1,336.00 late in New York on Wednesday. U.S. gold futures for April delivery fell $3.90 to $1,328.20. Concerns over the fallout from unrest in Egypt, where six people were killed after supporters of president Hosni Mubarak opened fire on protestors overnight, have underpinned prices, but have not sparked fresh investment, analysts said.
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Wall St edges lower as Egypt unrest weighs

U.S. stocks opened slightly lower on Thursday as investors weighed hints of an improving economy against increasing disorder in Egypt and signs pointing to an end to the recent rally.
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Moody's profit beats as debt issuance picks up

Bond rating company Moody's Corp posted a higher-than-expected quarterly profit and gave a favorable outlook for 2011 as its ratings business benefited from the uptick in debt issuance.
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ECB holds rates at 1 percent, inflation message awaited

The European Central Bank kept interest rates at 1 percent as forecast on Thursday, ahead of its policy statement where it is expected to repeat its recent inflation warning but signal that a rate rise is not imminent.
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Starwood Hotels Q4 profit tops Wall Street

Starwood Hotels & Resorts Worldwide Inc , operator of the W and Sheraton hotels, posted a better-than-expected quarterly profit, helped by increased revenue per available room in North America and Asia Pacific.
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S&P says no plans to cut U.S. rating in medium term

Ratings agency Standard & Poor's does not have any plans to downgrade the U.S. sovereign debt rating, but it believes credit risk may increase in the long term, a senior official at the agency said on Thursday.
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ECB to talk tough on inflation, hold rates for now

The European Central Bank is expected to send a strong signal on Thursday that it is ready to tackle building euro zone inflation pressures but refrain from indicating interest rate increases are imminent.
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Futures see little change on Wall Street open

Stock index futures pointed to a quiet open for Wall Street on Thursday, with futures for the S&P 500 and the Dow Jones up 0.1 percent, and Nasdaq futures down 0.1 percent at 4:34 a.m. ET.
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Stocks slip, oil surges on Egypt turmoil

World stocks fell and oil surged above $103 a barrel on Thursday as violence in Egypt escalated, adding to concerns about inflationary pressures which could threaten the global economic recovery.
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Oil jumps on deadly Egypt clashes, inflation

Oil prices surged past $103 on Thursday as pro-democracy protests in Egypt turned violent, while commodities markets raced even higher, adding to worries of mounting inflationary pressures could threaten the global economic recovery.
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Prosecutors widen currency probes: report

Prosecutors assisted by whistleblowers are widening an investigation into whether banks overcharged public pension funds in the United States by tens of millions of dollars for foreign-exchange transactions, the Wall Street Journal reported.
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Japanese stocks ease amid Egypt unrest

Japanese stocks eased on Thursday as escalating violence in Egypt prompted investors to move to safer assets, while commodities extended their recent gains, underscoring growing inflationary pressures that could threaten the global economic recovery.
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Kinder Morgan to file IPO terms Thursday: source

Private equity-backed pipeline company Kinder Morgan is expected to file terms for its initial public offering before U.S. markets open on Thursday, a source familiar with the situation said.

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