Recovery hopes supported by jobless claims fall
New economic data on Thursday offered more signs the recovery was gaining traction, with claims for jobless benefits falling and wholesalers stocking up in anticipation of strong holiday demand.
Wall Street's gains capped by yield uncertainty
The S&P 500 and the Nasdaq edged up on Thursday, hovering around two- and three-year highs respectively, but a recent rise in bond yields and uncertainty over tax-cut legislation unsettled investors.
Pressure builds on EU leaders for more action on debt
European Union leaders meet next week under pressure to take bolder steps to quell the euro zone debt crisis, despite signs that volatility in European bond markets is abating toward the end of the year. The European commissioner for monetary affairs, Olli Rehn, said it was time for Europe to show proper coordination, and back its shared currency union with closer economic union.
October wholesale inventories and sales up strongly
U.S. wholesale sales climbed at the sharpest rate in seven months during October and inventories kept rising strongly, according to a government report on Thursday that suggested optimism about a healthy holiday shopping season.
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S&P, Nasdaq up on claims but gains limited
The S&P 500 and the Nasdaq rose slightly on Thursday after encouraging data on the jobs market, but gains were limited by a stronger U.S. dollar.
State Street sees Q4 loss as it shifts portfolio
State Street Corp , one of the world's biggest institutional investors, said it would post a fourth-quarter loss after it sold $11 billion in securities to meet new regulatory requirements.
DuPont CEO says company hasn't hit full potential
Spiking demand for food, paint and electronics will push DuPont's earnings and revenue higher through 2015, the chemical maker said on Thursday, and its chief executive promised the company's diverse portfolio has yet to reach its potential.
Instant view: BoE holds rates at 0.5 pct as expected
The Bank of England's Monetary Policy Committee held interest rates at 0.5 percent and left its total 200 billion pounds of quantitative easing purchases unchanged on Thursday, as widely expected.
Stores and shoppers turn to holiday online wish lists
Manny Gomez created a shopping list on Amazon.com just to keep track of some auto parts he wanted to buy. But as the holidays approached, he thought it wouldn't hurt to share the list with family and friends.
State Street sees loss as it shifts portfolio
State Street Corp , one of the world's biggest institutional investors, said it would post a fourth-quarter loss due to sales of $11 billion of securities, but the sales will enhance its capital ratios.
eBay not liable on trademark dispute: EU court
Internet auction site eBay Inc is generally not liable for trademark infringements committed by users on its site, a European Court of Justice legal expert said on Thursday, ahead of a final court ruling.
AUD/USD completing 'right shoulder' seems tough; Chinese, US cues to impact
Despite a very strong jobs data early Thursday, the Austalian dollar looks less energized for a rally above Tuesday's high of 0.9964 to 1.0001, to complete the 'right shoulder' of a 'head and shoulders' pattern with 'head' at 1.0181 formed on November 5.
Howard Buffett follows dad's path to Coke board
Coca-Cola Co said on Thursday that Howard G. Buffett, son of billionaire investor Warren Buffett, had joined its board of directors.
Crude hovers around $89 per barrel
Crude oil futures advanced on Thursday as dollar weakened against major foreign currencies and stock markets rose after better-than-expected Japanese economic growth.
Stocks, bonds correlation eases after tax deal
The markets for equities and government bonds have returned to their long-term pattern of moving in opposite directions as a result of a U.S. tax cuts deal that is expected to boost spending there.
Analysis: Nokia vs Android: Requiem?
Mobile maker Nokia's Symbian operating system is on the ropes, its lead being stripped away blow by Android blow, but if its new boss throws in the software towel now, the relief will be brief and the scars permanent.
Jobless claims fall, bolster recovery hopes
New U.S. claims for unemployment benefits fell more than expected last week and the four-week moving average slipped to a fresh two-year low, reviving hopes a labor market recovery was under way.
Instant view: Weekly jobless claims fall
New U.S. claims for unemployment benefits fell more than expected last week and the four-week moving average hovered at two-year lows.
Wall St boosted by jobs data, euro weighs
Stocks rose modestly on Thursday after encouraging labor market data renewed optimism the fragile economic recovery was track, but gains were limited by a decline in the euro.
BoE keeps rates steady, makes no change to QE
The Bank of England voted to make no change to its monetary policy this month, in a widely expected decision as it waits to see how much growth next year suffers from UK public spending cuts and euro zone turmoil.
Cyber group says WikiLeaks attacks to grow
More cyber attacks in retaliation for attempts to block the WikiLeaks website are likely in a data war to protect Internet freedom, a representative of one of the groups involved said on Thursday.
Top banks plan new forex dealing platform: report
The big global banks involved in currency trading plan a banks-only dealing system, in a move to reclaim lost business, the Wall Street Journal said, citing several people familiar with the situation.
BoE keeps rates at 0.5 percent, makes no change to QE
The Bank of England's Monetary Policy Committee voted to keep interest rates unchanged and make no new quantitative easing purchases after its monthly meeting on Thursday, in line with market expectations.
Jobless claims revive hopes of recovery
New U.S. claims for unemployment benefits fell more than expected last week and the four-week moving average hovered at two-year lows, according to a government report on Thursday that revived hopes a labor market recovery was under way.
Mastercard buys Travelex division for $460 million
MasterCard is buying the prepaid cash card business of foreign exchange group Travelex for 290 million pounds ($459 million), boosting its presence in a fast-growing financial services segment.
More U.S. billionaires pledge to give away wealth
Another 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.
Futures rise as Treasuries steady, jobs data due
Stock futures rose modestly on Thursday as Treasuries steadied after a jump in yields, while data on the labor market was expected later in the morning.
Special Report: After U.S. failure, HSBC pushes into China
Edward Chow remembers the nervous days of the early 1990s in Hong Kong, when tens of thousands of people left the then-British colony, fearful of what would happen when Chinese rule returned.
UPS to hike dividend, buy back more stock: CFO in paper
United Parcel Service plans to woo shareholders with a higher dividend and more share buybacks rather than use strong cashflow for large acquisitions, chief financial officer Kurt Kuehn told a German newspaper.
Mastercard set to buy part of Travelex: sources
MasterCard is set to buy the card program management arm of British foreign exchange group Travelex and a deal may be announced on Thursday, sources with knowledge of the matter told Reuters.
Stock index futures signal more gains
U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.3 percent and Nasdaq 100 futures up 0.2 percent. at 1051 GMT.
UPS to hike div, buy back more stock: CFO in paper
United Parcel Service plans to woo shareholders with a higher dividend and more share buybacks rather than use strong cashflow for large acquisitions, chief financial officer Kurt Kuehn told a German newspaper.
More billionaires pledge to give away wealth
Another 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.
EU court opinion: eBay not liable on trademark dispute
Internet auction site eBay is generally not liable for trade mark infringements committed by users on its site, the European Court of Justice said in a non-binding opinion issued on Thursday.
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