U.S. jobless claims stay elevated, manufacturing slows
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell less than expected last week, but a lingering backlog of applications in California makes it difficult to get a good read of labor market conditions.
Google to step up investment in Finnish data center, sources say
HELSINKI (Reuters) – Google Inc is set increase its investment in a data centre in eastern Finland, sources familiar with the plan said on Thursday.
Raytheon says standing by if Turkey changes mind on China order
WASHINGTON (Reuters) – U.S. weapons maker Raytheon Co on Thursday said it was still ready to sell its Patriot missile defense system to Turkey if that country changed its mind about buying a rival system offered by a Chinese firm that is under U.S. san…
Analysis: Black Sea gas bonanza remains elusive
PRAGUE/LONDON (Reuters) – Southeast Europe is hoping increased natural gas exploration in the Black Sea will help cut its dependency on Russian supplies, but a gas bonanza remains elusive and Moscow is taking steps to defend its dominant position in th…
U.S. factories hit by shutdown, China production rises
NEW YORK/LONDON (Reuters) – Factories in China boosted production this month, but U.S. manufacturing output fell for the first time in four years while the euro zone economy lost momentum, surveys on Thursday showed.
U.S. Fed launches bank liquidity plan, says tougher than Basel
WASHINGTON (Reuters) – The U.S. Federal Reserve on Thursday unveiled a plan requiring banks to hold enough assets they can easily sell to survive a credit crunch, which it said was tougher than what international regulators demanded.
Raytheon posts higher-than-expected profit, boosts forecast
WASHINGTON (Reuters) – U.S. weapons maker Raytheon Co on Thursday reported higher-than-expected quarterly earnings and raised its full-year forecast, and it cited prospects for landing several big foreign orders later this year.
U.S. manufacturing growth slows in October, disrupted by government shutdown: Markit
NEW YORK (Reuters) – U.S. manufacturing grew at its slowest pace in a year this month and factory output contracted for the first time since late 2009, an industry report showed on Thursday.
U.S. trade deficit widens slightly on weak exports
WASHINGTON (Reuters) – The U.S. trade deficit widened slightly in August as exports slipped, suggesting trade will probably not be much of a boost to growth in the third quarter.
Xerox forecast misses estimates due to restructuring
(Reuters) – Xerox Corp forecast adjusted earnings for the current quarter below analysts’ estimates as the company expects to take charges related to restructuring in its outsourcing business, sending its shares down 4 percent before the bell.
