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Thursday, February 27, 2014

Before the Bell: Jobless claims unexpectedly rise

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02/27/2014
 
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
Jobless claims unexpectedly rise
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the underlying trend suggested no shift in labor market conditions.
Durable goods orders ex-transportation rise in January
WASHINGTON (Reuters) - Orders for long-lasting manufactured goods excluding transportation unexpectedly rose last month as did a gauge of business spending plans, but that will probably not change views that factory activity is slowing.
Ukraine tensions hit shares
LONDON (Reuters) - Political and military tension in Ukraine and Russia curbed risk appetite on Thursday, weighing on world stocks and pushing the euro, already under pressure from interest rate cut talk, to a two-week low.
Cost cuts boost Best Buy quarterly profit, shares surge
(Reuters) - Best Buy Co Inc reported a better-than-expected quarterly profit Thursday on lower expenses and said it was running ahead of plan in terms of cutting costs, sending its shares up 6 percent in premarket trading.
U.S. attorney subpoenaed Mt Gox, other bitcoin businesses: source
NEW YORK (Reuters) - Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.
Hilton revenue jumps as occupancy, room rates rise
(Reuters) - Hilton Worldwide Holdings Inc, the world's largest hotel operator, reported a 13 percent rise in quarterly revenue as increasing business and leisure travel pushed up occupancy and room rates.
Lego expects to keep on outperforming toy market
COPENHAGEN (Reuters) - Denmark's Lego increased sales and operating profit by 10 percent in a sluggish global toy market in 2013 and said it expected to continue to outperform the market by launching new products and expand in emerging markets aided by a successful movie.
Versace deal with Blackstone values group at 1 billion euros
MILAN (Reuters) - Italy's Versace agreed a deal with Blackstone on Thursday that will see the U.S. private equity firm take a 20 percent stake in the fashion house in a deal valuing the company at one billion euros ($1.37 billion).
Freddie Mac posts record profit, to surpass $71.3 billion bailout
WASHINGTON (Reuters) - Freddie Mac said on Thursday it will soon send the U.S. Treasury a $10.4 billion dividend after posting a ninth straight quarterly profit, putting taxpayers further into the black on their bailout of the mortgage giant.
RBS seeks to regain trust after post-crisis losses hit $77 billion
LONDON (Reuters) - Royal Bank of Scotland sought to shake off its reputation as Britain's pariah bank on Thursday with plans to cut more costs and reposition itself as a UK-focused retail and commercial lender.
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