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Thursday, October 3, 2013

Reuters Money: U.S. jobless claims point to labor market healing

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10/3/2013

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

U.S. jobless claims point to labor market healing

WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits edged higher last week but remained at pre-recession levels, a signal of growing strength in the labor market.

Ackman's Pershing Square cuts Herbalife stock short position

BOSTON (Reuters) - Hedge fund manager William Ackman has restructured his $1 billion short bet against Herbalife Ltd in order to cut the risk of further mark-to-market losses, he told investors in a quarterly letter.

Retail group expects slightly brighter holiday season sales

(Reuters) - U.S. retail sales should rise 3.9 percent this holiday season, outpacing last year's gains, though economic concerns may impact shoppers' spending, the world's largest retail trade association said on Thursday.

Investors turn their backs on "robot" hedge funds

LONDON (Reuters) - Investors in the $330 billion computer-driven hedge fund sector are pulling out money for the first time since 2008, data showed on Wednesday, signaling the possible start of a bigger exit from the industry.

U.S. planned layoffs fall 20 pct in September: Challenger

NEW YORK (Reuters) - The number of planned layoffs at U.S. firms fell 20 percent in September, even as cuts in the healthcare sector more than doubled from the prior month, a report on Thursday showed.

For Lego, rising wealth means more play - and business

SINGAPORE (Reuters) - The boss of Lego Group carries two business cards - one the usual kind and the other a Lego mini-figure in his likeness, complete with beard and glasses, with contact details on the back.

Analysis: Delaware's corporate courts on brink of big change

WILMINGTON, Delaware (Reuters) - Two of the most important courts for resolving U.S. business disputes, Delaware's Court of Chancery and its state Supreme Court, may be on the cusp of a dramatic turnover that could affect corporate cases for years to come.

MF Global trustee plans to return more customer funds

(Reuters) - The trustee liquidating the brokerage unit of MF Global Holdings Ltd has asked a federal bankruptcy judge for permission to return remaining funds to U.S. customers who traded on domestic exchanges.

Exclusive: Intellectual Ventures curbs patent buying amid fund-raising effort

SAN FRANCISCO (Reuters) - Intellectual Ventures, a multi-billion-dollar firm that virtually invented a new market for patents and inventions, has curtailed its patent buying in the past few months, according to sources familiar with its patent market activity, as it seeks to raise new funds.

U.S. still has too many strip malls: report

NEW YORK (Reuters) - The average vacancy rate for a U.S. strip mall was unchanged in the third quarter, as the sector still wrestled with the oversupply that closely followed last decade's housing boom, according to a report real estate research firm Reis Inc released on Wednesday.