Career News 24/7: Before the Bell: Stock futures hold gains after GDP, claims data

Thursday, January 30, 2014

Before the Bell: Stock futures hold gains after GDP, claims data

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01/30/2014

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

Stock futures hold gains after GDP, claims data

NEW YORK (Reuters) - Stock index futures held gains after data showed gross domestic product grew at a pace that was in line with expectations while weekly initial jobless claims increased more than forecast.

Jobless claims rise more than expected

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend suggested the labor market continued to heal.

Households, trade boost U.S. fourth-quarter growth

WASHINGTON (Reuters) - Robust household spending and rising exports kept the U.S. economy on solid ground in the fourth quarter, but stagnant wages could chip away some of the momentum in early 2014.

Exxon Mobil fourth-quarter profit drops 16 percent

(Reuters) - Exxon Mobil Corp , the world's most valuable publicly traded oil company, said on Thursday its quarterly profit dropped 16 percent as production fell.

China's Lenovo steps into ring against Samsung with Motorola deal

BEIJING (Reuters) - Lenovo Group, the Chinese technology company that earns about 80 percent of its revenue from personal computers, is betting it can also be a challenger to Samsung Electronics Co Ltd and Apple Inc in the smartphone market.

U.S. seeks $2.1 billion from Bank of America in fraud case

NEW YORK (Reuters) - The U.S. government has asked a judge to order Bank of America Corp to pay $2.1 billion, increasing its request for penalties stemming from a jury's finding that the bank was liable for fraud over defective mortgages sold by its Countrywide unit.

Analysis: Only time will define Bernanke's crisis-era legacy at Fed

(Reuters) - Ben Bernanke did not hesitate when asked whether he was confident that his signature response to the Great Recession would work.

3M profit rises 11 percent, but revenue misses Wall Street target

(Reuters) - Diversified manufacturer 3M Co posted an 11 percent rise in fourth-quarter net income on Thursday, helped by higher earnings across most of its business lines, but sales missed Wall Street's target.

Colgate-Palmolive profit beats estimates due to cost cuts

(Reuters) - Colgate-Palmolive Co , the world's largest toothpaste maker, reported a better-than-expected quarterly profit as cost cuts helped the company offset the negative impact of a stronger dollar.

Time Warner Cable lays out operating plan as it fends off takeover

(Reuters) - Time Warner Cable Inc, which recently rejected a takeover offer from Charter Communications Inc, posted better-than-expected quarterly results on Thursday and said it aims to boosts its cash flow while also investing more in its technology over the next three years.