IBT Staff Reporter

113521-113550 (out of 154944)

New jobless claims fall to 10-month low

The number of U.S. workers filing new claims for jobless insurance fell more than expected last week to a 10-month low, government data showed on Thursday, pointing to a gradual improvement in the labor market.

Monster US online jobs index edges up in October

Online job postings rose slightly in October, led by growth in health care and public companies, but the monthly employment gauge remained 20 percent below year-ago levels, a private research group said on Thursday.

Senate approves jobless, housing aid

The Senate vote unanimously on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling U.S. economy.

Daily Highlights - Nov 5

Asian stocks fall as South Korea fuels growth concern. China shares rise for 5th day to 12-week high, extending gains on recovery hopes.

BP eyes production of new biofuel types

Oil major BP may start construction next year of a cellulosic biofuel plant as part of a push toward commercial production of new types of biofuels from next year, the head of the group's biofuels division said.

House seeks to end biofuels paper tax breaks

Lawmakers in the House of Representatives on Wednesday said they would close a loophole that lets paper companies claim a valuable tax credit for making biofuel that is already a byproduct of paper production.

Cigna profit rises, beats forecasts

Health insurer Cigna Corp posted higher third-quarter profit on Thursday as strength in stock market investments boosted the value of variable annuity products in its reinsurance business.

Q3 non-farm productivity surges to 6-year high

U.S. non-farm productivity in the third quarter rose at its fastest pace in six years as companies squeezed more output from a smaller pool of labor and cut costs to deal with a slump in demand, government data showed on Thursday.

Thomson Reuters Q3 profit beats forecast

Thomson Reuters Corp's quarterly revenue fell but profit beat Wall Street estimates, helped by foreign currency rates and cost cuts, and the company affirmed its 2009 outlook.

Euro steady after ECB; stg gains after BoE

The euro held steady on Thursday as the European Central Bank kept interest rates on hold, while the pound rose versus the greenback as the UK central bank raised its asset buying but less than some expected.

FTSE down 0.5 percent; BoE ups QE by 25 bln pounds

Britain's top shares fell 0.5 percent around midday on Thursday, as investors digested the Bank of England decision to keep interest rates on hold and said it will pump more money into the economy to spur growth.

Thomson Reuters quarterly revenue falls

Thomson Reuters Corp reported a decline in quarterly revenue as sales in its legal and markets divisions fell, while underlying operating profit rose on currency benefits and cost cuts.

FTSE down 0.4 percent ahead of rate decisions

Risk aversion ahead of key central bank policy decisions put pressure on Britain's leading shares around midsession on Thursday, with weakness in banks and miners offsetting modest gains in defensive telecoms and tobacco firms.

Oil falls below $80 on firmer dollar, weak equities

Oil fell to around $80 a barrel after a steep decline in U.S. crude inventories sent prices up 1 percent the previous day, as traders aimed to lock in profits amid weaker equity markets and a firming dollar.

Dollar, yen gain as profits taken in euro before ECB

The dollar and the yen edged up on Thursday as short-term investors and Japanese exporters sold into a rally in the euro and higher-yielding currencies which followed a repeated pledge by the U.S. Fed to keep rates low for a while.

Dollar, yen gain as focus turns to ECB, BoE

The dollar and the yen gained broadly on Thursday as the euro and perceived higher risk currencies succumbed to profit-taking ahead of policy decisions by the Bank of England and the European Central Bank.

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