Stock futures point lower on jobless data, China CPI
NEW YORK (Reuters) - U.S. stock index futures pointed to a lower open on Thursday as weekly U.S. jobless claims fell and data showed a jump in Chinese inflation.
March 11, 2010
BP to pay Devon $7 billion for oil fields
LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for billion, as the U.S. producer refocuses on onshore U.S. fields.
Jobless claims fall, trade gap narrows
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment benefits fell slightly less than expected last week, hinting at a slow labor market recovery.
HSBC says Swiss data theft affects 24,000 accounts
LONDON/GENEVA (Reuters) - HSBC , Europe’s biggest bank, said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank.
Foreclosures drop for 2nd month in February: RealtyTrac
NEW YORK (Reuters) - U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
Jan trade gap narrows unexpectedly due to oil
WASHINGTON (Reuters) - The U.S. trade deficit narrowed unexpectedly in January as oil imports fell to their lowest since February 1999, a government report showed on Thursday.
Toyota hands over 2006 dissident memo to U.S. panel
TOKYO (Reuters) - Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time.
Airlines recovering strongly, still in red: IATA
GENEVA (Reuters) - Airlines are recovering strongly from the crisis, as passengers, freight and pricing power return, the airline industry association IATA said on Thursday, halving its forecast for a 2010 loss.
EADS sees no financial hit from U.S. tanker loss
PARIS (Reuters) - The apparent loss this week of a U.S. in-flight refueling tanker contract worth up to billion will not affect EADS’s finances, the European aerospace group’s chief executive said on Thursday.
EU defends hedge fund rules against U.S. critics
BRUSSELS (Reuters) - The European Union hit back Thursday against U.S. criticism of plans to crack down on hedge funds, saying its push for openness in the industry met a commitment also given by Washington and others.