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Thursday, October 10, 2013

Business Today: Wall Street posts biggest daily gain since January 2

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10/10/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Wall Street posts biggest daily gain since January 2

NEW YORK (Reuters) - U.S. stocks rallied on Thursday, with the S&P 500 posting its largest gain in more than nine months on signs of progress in negotiations to raise the U.S. debt limit at least temporarily.

U.S. government shutdown, debt impasse stalk earnings season

NEW YORK (Reuters) - "Government shutdown" and "debt ceiling" will top the list of phrases that investors will track in the coming weeks as they listen to corporate chief executives and try to gauge the impact of Washington gridlock on U.S. company earnings.

U.S. jobless claims at six-month high but trend improving

WASHINGTON (Reuters) - The number of Americans filing new claims for jobless aid touched a six-month high last week as a computer-related backlog of claims was processed and a partial U.S. government shutdown began to hit some non-federal workers.

U.S. shutdown forces more govt contractors to furlough workers

(Reuters) - Engineering firm URS Corp and British defense contractor BAE Systems added a further 4,200 to the number of workers who have been temporarily laid off due to the U.S. government shutdown.

U.S. cable companies home in on security

(Reuters) - Consumers are increasingly turning to an unlikely source for home security - the cable company.

U.S. retailers' September sales rise modestly, shoppers wary

NEW YORK (Reuters) - U.S. shoppers remained cautious in September, gravitating toward bargains as their confidence took a hit from political strife in Washington and slow job growth, just weeks ahead of the start of the holiday season.

Starbucks CEO starts petition against government shutdown

NEW YORK (Reuters) - Starbucks Corp plans to circulate petitions to customers across the United States urging lawmakers to reopen the partially closed government and avoid a looming default, the coffee chain's CEO Howard Schultz said on Thursday.

Mexico telecom law should cut Slim market share below 50 percent: lawmaker

MEXICO CITY (Reuters) - Mexico's new telecoms reform should be able to reduce tycoon Carlos Slim's share of the local mobile phone market to less than 50 percent in the next five years, an influential opposition lawmaker said on Wednesday.

Boeing restructures commercial airplane strategy, marketing

NEW YORK (Reuters) - Boeing Co said on Thursday that it will restructure its commercial airplane strategy and marketing functions, just days after the company lost a $9.5 billion order in Japan, previously its most secure market.

Italy to participate in Alitalia rescue: statement

ROME (Reuters) - Italy said on Thursday it will join a rescue plan for Alitalia through an investment by the state-owned postal service as long as the company adopts a new strategy and the other shareholders agree to do their part, a government statement said.