Business Today: U.S. jobless claims fall, mid-Atlantic manufacturing expands

	Click to View in Browser 10/17/2013 U.S. jobless claims fall, mid-Atlantic manufacturing expands WASHINGTON/NEW YORK (Reuters) - U.S. jobless claims fell last week and mid-Atlantic factory activity kept growing in October, but a just-ended government shutdown as well as computer issues affecting the claims report impeded the data's value as signposts for the economy. S&P 500 ends at record high after Washington deal NEW YORK (Reuters) - The S&P 500 closed at a record high on Thursday as investors regained confidence in the market following a last-minute deal to avoid a U.S. default, but weak earnings from IBM and Goldman Sachs pulled the Dow industrials slightly lower. Google Internet revenue rises 23 percent in third-quarter SAN FRANCISCO (Reuters) - Google Inc beat Wall Street's revenue and profit expectations as its advertising business expanded, while losses deepened at its Motorola mobile phone business. Analysis: Washington budget battle may delay Fed taper until 2014 WASHINGTON (Reuters) - The Federal Reserve may have to wait until early next year before it sees sufficient strength in the U.S. economy to begin scaling back its bond-buying stimulus, after a destructive Washington budget battle that may take a bite out of growth. Fed needs 'couple of meetings' before cutting QE3: Evans MADISON, Wis./NEW YORK (Reuters) - The Federal Reserve will likely defer any decision to trim its massive bond buys until at least December, two top Fed officials suggested on Thursday, although a third Fed policymaker made no bones about her view that she opposes any such delay. Witness claims U.S. lawyer used inflated estimate in Chevron case NEW YORK (Reuters) - A U.S. lawyer used inflated estimates to pursue what eventually became an $18 billion pollution judgment against Chevron Corp in Ecuador, despite warnings that the numbers were "wildly inaccurate," his former consultant said on Thursday. Stryker 3rd-quarter net profit falls due to recalls as sales rise (Reuters) - U.S. orthopedic implant maker Stryker Corp on Thursday said quarterly net profit fell 70 percent as charges for recalled products offset higher sales of its hip, knee and spine products. SAC Capital deal with U.S. prosecutors gets closer: source NEW YORK (Reuters) - A deal between SAC Capital and U.S. prosecutors to resolve a criminal insider trading case against the firm could come in a few days, a source familiar with the matter said on Thursday. Flood of U.S. economic data set to wash up on Wall Street WASHINGTON (Reuters) - A wave of U.S. economic data is set to hit financial markets as early as next week after a last-minute budget deal re-opened the federal government on Thursday. HSBC hit with record $2.46 billion judgment in U.S. class action (Reuters) - A unit of British bank HSBC Holdings Plc was hit on Thursday with a record $2.46 billion final judgment in a U.S. securities class action lawsuit against a business formerly known as Household International Inc. Related Video One year after Sandy, mini-drones seen as storm warning solution Obama says shutdown, threat of default hurt U.S. economy Economic News Flood of U.S. economic data set to wash up on Wall Street Fed needs 'couple of meetings' before cutting QE3: Evans A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend