IBT Staff Reporter

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November retail sales reports show mixed results

Major U.S. retailers showed a big rift between winners and losers in November, as a strong turnout on Black Friday, the busiest shopping day of the year, encouraged some, while others did not experience the swell of buying they had hoped for.

Loonie firms vs U.S. dollar for 4th straight day

The Canadian dollar firmed against the U.S. dollar for a fourth straight day on Thursday as a Spanish bond sale saw decent demand and a liquidity move by major central banks raised hopes policymakers would step up action to tackle Europe's debt crisis.

China economy slowing despite policy easing

China's economic growth will probably slow to 8 percent in 2012 and further to 7 percent in 2013 even though the government has started to relax policy, a prominent Chinese government economist said on Thursday.

Kroger raises 2011 profit forecast

Kroger Co , the biggest U.S. supermarket chain, raised its forecast for 2011 earnings, helped by strong sales increases at established stores.

Factories stall worldwide, U.S. jobless claims rise

Manufacturing activity is contracting across Europe and most of Asia, data showed on Thursday, and a Chinese official declared that the world economy faces a worse situation than in 2008 when Lehman Brothers collapsed.

Jobless claims rise 6,000 in latest week

New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the battered labor market was healing only slowly.

U.S. jobless claims rise 6,000 in latest week

New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the battered labor market was healing only slowly.

AT&T, Deutsche Telekom battling for merger: sources

AT&T Inc and T-Mobile USA's parent company Deutsche Telekom AG are still battling to save their $39 billion merger and are not in talks about a network-sharing alternative, people familiar with the matter said on Thursday.

France, Spain Debt Auctions Bring Relief

Debt auctions in France and Spain gave some respite to battered Eurozone bond markets on Thursday, attracting solid demand and at lower yields than previously feared, a day after central banks took concerted action on banking liquidity.

Exclusive: Trulia hires PayPal executive as CFO

Real estate website Trulia Inc said on Thursday it hired veteran finance executive and deal-maker Sean Aggarwal from eBay Inc's PayPal to help manage a business that has grown significantly in the past year.

EU faces compliance deadline in Airbus spat with U.S.

A dispute over government aid for aircraft rivals Airbus and Boeing Co enters a delicate stage on Thursday as Europe faces a deadline to tell the United States how it is eliminating billions of dollars in subsidies struck down by the World Trade Organization.

Factories stalling worldwide

Manufacturing activity is contracting across Europe and most of Asia, data showed on Thursday, and a Chinese official declared that the world economy faces a worse situation than in 2008 when Lehman Brothers collapsed.

Analysis: China brings forward easing to stay in step

As the world's major central banks hurriedly announced measures to ease stresses in global funding markets, China may have felt compelled to bring forward a move to relax policy that it could otherwise have delayed for a few weeks.

UBS brings back old risk boss after trading scandal

UBS appointed Philip Lofts back to his former role as chief risk officer on Thursday, removing Maureen Miskovic with immediate effect after less than a year in the job following the Swiss bank's $2 billion trading scandal.

Stock futures signal lower open

Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.2 percent at 4:37 a.m. ET.

Relief at Spain debt sale, but yields still high

Spain sold the maximum amount targeted at a sale of bonds Thursday, and its cost of borrowing held well below highs reached on bond markets last week, helping ease immediate nerves over its ability to fund public finances.

Groupon fourth quarter off to strong start: Yipit

Groupon Inc's fourth quarter got off to a strong start in October as the largest daily deal company's growth outpaced that of its closest rival, LivingSocial, industry data tracker Yipit said on Thursday.

Exclusive: Small business borrowing up

Small businesses borrowing surged in October, registering a 15th monthly double-digit increase and signaling the economy will continue to grow in coming months.

U.S. Stock Futures Signal Lower Open

Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.2 percent at 4:37 a.m. ET.

Asia's factories stall; China urges stimulus

The world economy faces a worse situation than in 2008 and stimulating growth is the top priority, a Chinese official said on Thursday, as data showed slumping export demand stalled manufacturing in some of Asia's biggest economies.

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