Career News 24/7: Before the Bell: U.S. jobless claims up modestly, labor market trend improving

Thursday, January 23, 2014

Before the Bell: U.S. jobless claims up modestly, labor market trend improving

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01/23/2014

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

U.S. jobless claims up modestly, labor market trend improving

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

Lenovo to buy IBM's low-end server business in China's biggest tech M&A

BEIJING (Reuters) - Lenovo Group Ltd has agreed to buy IBM Corp's low-end server business for $2.3 billion as the Chinese PC giant grabs another piece of the computing world in a long-awaited deal.

McDonald's sales miss as fewer customers visit its restaurants

(Reuters) - McDonald's Corp reported weaker-than-expected quarterly revenue as fewer customers ate at its restaurants, partly due to severe winter weather in the United States.

JPMorgan CEO Dimon says government cases were 'unfair'

(Reuters) - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Thursday that government legal cases, including those over mortgage securities the company settled for more than $13 billion, were "unfair".

Lockheed earnings, sales lower-than-expected on special charges

WASHINGTON (Reuters) - Top U.S. weapons maker Lockheed Martin Corp reported lower-than-expected earnings on Thursday after charges linked to U.S. defense budget cuts and workforce reductions, but said it expected higher earnings this year.

United Continental fourth-quarter profit, revenue top estimates

CHICAGO (Reuters) - United Continental Holdings Inc on Thursday reported a quarterly profit that easily topped Wall Street expectations, helped by an increase in passenger travel, higher ticket prices and lower fuel costs.

Stock futures fall with earnings, data on tap

NEW YORK (Reuters) - Stock futures fell on Thursday, ahead of data on the labor and housing markets, along with the latest round of corporate earnings results.

Tesla unveils pricing strategy for China

BEIJING (Reuters) - U.S. battery carmaker Tesla Motors Inc has unveiled what it describes as a "competitive" pricing strategy for China aimed at kick-starting sales in the world's biggest auto market, where demand for luxury cars has been booming.

Euro zone business starts 2014 on a high, China falters

LONDON (Reuters) - The global economy started 2014 on a disjointed note with the euro zone's private sector in better shape than expected and China's vast manufacturing industry contracting for the first time in six months.

South African strike hits world's top platinum producers

MARIKANA, South Africa (Reuters) - South African mines producing half the world's platinum shut down on Thursday as the sector's main union began a strike for hefty wage hikes their employers say they cannot pay.