IBT Staff Reporter

51031-51060 (out of 154943)

Jobless claims fall 9,000 in latest week

New U.S. claims for unemployment benefits fell below 400,000 last week for the first time in five weeks and a trend reading also edged lower, suggesting a modest improvement in the still-moribund labor market.

U.S. chain store sales rise, but caution lingers

U.S. chain store sales continued to rise in October, but a number of early sales results missed analysts' forecasts, suggesting that shoppers remain more anxious about the state of the economy than Wall Street thinks.

Futures gain on uncertainty over Greek vote

Stock index futures rose in choppy trade on Thursday on talk the Greek government might collapse, thus avoiding a referendum on its euro zone membership and easing concerns about an imminent default.

Euro zone mulls Greek exit, Papandreou on brink

Greece's government was on the brink of collapse on Thursday, casting doubt on plans to hold a referendum on staying in the euro zone, as European leaders contemplated a Greek exit to preserve their single currency.

CVS Caremark profit rises

CVS Caremark Corp posted a higher quarterly profit on Thursday as business improved at its pharmacy benefits management unit, and said this year's profit should come in toward the higher end of its prior forecast.

Futures signal higher opening for stocks

Stock index futures pointed to a slightly higher opening for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.2 percent.

LG Elec plans $890 million share sale: source

LG Electronics, South Korea's loss-making handset maker, plans to issue new shares worth around $891 million to improve its cash flow, a source with knowledge of the matter told Reuters on Thursday.

BNP cuts Italy exposure as Greece hits Q3

France's biggest listed bank BNP Paribas slashed its exposure to Greece, Italy and Spain by more than 12 billion euros ($16.6 billion) in a bid to protect its balance sheet as the euro zone debt crisis threatens to deepen.

Futures Signal Higher Opening for U.S. Stocks

Stock index futures pointed to a slightly higher opening for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.2 percent.

Chaos over Greek euro role roils markets

Chaos over Greece's role in the euro zone swept financial markets on Thursday with early losses in stocks and the euro turning to gains on hopes Athens might ditch its referendum plans.

Euro Zone Ready for Greeks to Go, Boss Says

The euro zone is working on a possible exit of Greece from the euro zone, Eurogroup head Jean-Claude Juncker said on Thursday, saying it was essential that other members of the currency union would not be damaged in such an event.

Working on Greek exit from euro zone: Juncker

The euro zone is working on a possible exit of Greece from the euro zone, Eurogroup head Jean-Claude Juncker said on Thursday, saying it was essential that other members of the currency union would not be damaged in such an event.

C&W Comms profit boosted by smartphone use

Telecoms firm Cable and Wireless Communications said profit rose 9 percent in the first half, beating a consensus forecast, after receiving a boost from growing smartphone use in Macau, Panama, Monaco and the Maldives.

NYSE Euronext profits up amid deal talks

NYSE Euronext , which wants regulatory support for its planned $9 billion merger with Deutsche Boerse , cited strong trading and technology sales for a 54 percent hike in quarterly profit to $186 million.

Draghi Faces Maelstrom on Debut as ECB President

Mario Draghi faces a storm at his first policy meeting as European Central Bank president on Thursday but is unlikely to be pushed into a dramatic ramping up the bank's response to the escalating euro zone crisis.

NYSE Euronext Revenue Rises as Deal Talks Advance

NYSE Euronext , which wants regulatory support for its planned $9 billion merger with Deutsche Boerse , cited strong trading and technology sales for a 54 percent hike in quarterly profit to $186 million.

NYSE Euronext posts profit hike amid deal talks

NYSE Euronext , which wants regulatory support for its planned $9 billion merger with Deutsche Boerse , cited strong trading and technology sales for a 54 percent hike in quarterly profit to $186 million.

LG Elec shares tumble nearly 15 percent

Shares in LG Electronics plunged by nearly the daily limit of 15 percent late on Thursday, hit by market talk the company was planning a $890 million share sale to support its ailing smartphone business and unprofitable flat-screen unit.

BNP profits hit by 2 billion euro Greek charge

France's biggest listed bank BNP Paribas reported a 72 percent slide in quarterly earnings on Thursday after booking a bigger-than-expected 2 billion euro ($2.8 billion) charge on Greek debt and sold billions in eurozone bonds to cut risk.

Greek euro threat looms over Cannes G20 summit

The threat of a Greek exit from the euro zone hung over a meeting of G20 leaders on Thursday after France and Germany made it clear that Athens must decide urgently whether it wants to stay in the 12-year-old currency bloc.

SEC probes MF Global's statements on European bets: report

The Securities and Exchange Commission has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billion bets that sank the company, the Wall Street Journal said, citing people familiar with the matter.

Stocks, commodities fall as Greece spooks investors

Asian shares, the euro, commodities and the Australian dollar all fell on Thursday as fears that Europe's debt crisis could unleash financial chaos prompted investors to shed riskier assets in favor of the relative safety of the dollar.

BNP Q3 Profits Slump on 2 Billion Euro Greek Charge

France's biggest listed bank BNP Paribas reported a 71.6 percent slide in third-quarter earnings on Thursday after it booked a bigger-than-expected 2 billion-euro ($2.76 billion) charge on Greek debt and sold billions of euros' worth of eurozone government bonds.

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