Career News 24/7: Before the Bell: Jobless claims rise; still close to pre-recession level

Thursday, May 22, 2014

Before the Bell: Jobless claims rise; still close to pre-recession level

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05/22/2014

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; still close to pre-recession level

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week but stayed close to a seven-year low and pointed to ongoing healing in the labor market.

Best Buy expects comparable store sales to fall for two quarters

(Reuters) - Best Buy Co Inc forecast a fall in same-store sales in the current quarter and the next, saying shoppers were spending less on consumer electronics and were waiting to buy new mobile phone models.

Stock futures flat with initial claims, home sales data due

NEW YORK (Reuters) - U.S. stock index futures were little changed on Thursday, ahead of data on the labor and housing markets, after the S&P 500 advanced for a third time in four sessions.

Sears loss widens as discounts fail to arrest fall in sales

(Reuters) - Sears Holdings Corp posted a bigger loss for the first quarter as the struggling retailer failed to arrest a fall in sales despite offering heavy discounts to woo shoppers.

Deutsche Bank says faces around 1,000 big lawsuits

FRANKFURT (Reuters) - Deutsche Bank gave shareholders a sense of the size of its legal and regulatory problems on Thursday, when it said it faced around 1,000 major lawsuits.

Adidas sees boost to sales from World Cup

MUNICH (Reuters) - German sportswear company Adidas has given a more precise sales growth target for 2014, amounting to a rise of up to 8 percent, as it gets a lift from the soccer World Cup that starts in Brazil next month.

Euro zone business stays strong, China mending

LONDON/BEIJING (Reuters) - Private business activity in the euro zone grew at just under its fastest pace in three years this month, while contraction in China's vast manufacturing sector slowed to its weakest pace this year, surveys showed on Thursday.

Deutsche Bank internal rate probe continues: CFO

FRANKFURT (Reuters) - An internal investigation into possible attempts to manipulate reference interest rates is continuing at Deutsche Bank and the preliminary results will be delivered to the German regulator Bafin, Deutsche's finance chief said on Thursday.

Brazil grants 'eventual reinsurer' permit to Buffett's Berkshire

(Reuters) - Susep, Brazil's insurance industry regulator, on Thursday issued a license allowing Berkshire Hathaway Inc to operate in the country as "eventual reinsurer."

AirAsia CEO Fernandes says aims for 85 percent load factor in two years

MANILA (Reuters) - AirAsia Bhd , Southeast Asia's biggest budget airline, aims to increase its load factor to 85 percent in the next two years, its chief executive said on Thursday.