Career News 24/7: Before the Bell: Jobless claims rise more than expected

Thursday, April 3, 2014

Before the Bell: Jobless claims rise more than expected

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04/3/2014

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 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 continued to point to some strength in the labor market.

Wall Street to open flat after claims data; ISM on tap

NEW YORK (Reuters) - U.S. stocks were poised to open little changed on Thursday, after the S&P 500 set a record for a second day and data showed jobless claims rose more than expected in the latest week.

Despite hurdles, Delphi's liability in GM recall could be tested

NEW YORK (Reuters) - Delphi Automotive's name does not appear on the outside of the 2.6 million vehicles recalled by General Motors Co since February, but the company is getting drawn into a mounting wave of litigation for its role in producing the faulty ignition switch that prompted the recalls.

Trade deficit widens as exports fall

WASHINGTON (Reuters) - The U.S. trade deficit unexpectedly widened in February as exports fell to their lowest level in five months, further signs economic growth slowed in the first quarter.

ECB holds course in face of deflation fears

FRANKFURT (Reuters) - The European Central Bank kept interest rates steady on Thursday despite a fall in inflation to its lowest in more than four years, counting on the euro zone recovery to gain strength unaided.

Credit Suisse increases provision for U.S. tax deal

ZURICH (Reuters) - Credit Suisse has increased the funds it has set aside to settle a U.S. tax dispute and avoid prosecution for helping wealthy Americans hide cash from the taxman, raising the prospect it may be close to a settlement in the lengthy dispute.

Growing service sector won't avert China slowdown

BEIJING (Reuters) - A robust services sector will not stop China's economy from slowing into the middle of the year, analysts said after modest government stimulus was seen as a signal authorities want to steady growth to keep their reform drive on track.

Price cuts aid first-quarter growth for euro zone businesses

LONDON (Reuters) - Euro zone businesses started 2014 with their best quarter in three years, but buoyant growth came at a cost as they slashed prices to drum up trade, which could further stoke deflation fears.

JP Morgan to process payment for Russian embassy, easing tension

MOSCOW (Reuters) - JP Morgan Chase & Co is processing a payment from Russia's embassy in Kazakhstan to insurance agency Sogaz, easing tension after Moscow accused the U.S. bank of illegally blocking the transaction under the pretext of sanctions.

Dealers say GM customer anxiety rising, sales may take hit

BOSTON (Reuters) - An ignition switch defect linked to deadly crashes and mounting recalls are raising anxiety in General Motors Co showrooms, according to dealers who increasingly are fielding calls from customers concerned about the safety of GM cars.