Newsletter BOX: Business Today: U.S. jobless claims rise but trend hints at quicker hiring

08/22/2013

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 rise but trend hints at quicker hiring

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week but held close to a six-year low and gave a positive signal for hiring during the month.

Emerging markets selloff intensifies after Fed, data lifts Europe shares

LONDON (Reuters) - The rout in emerging markets gathered pace on Thursday after a sharp spike in U.S. debt yields lifted borrowing costs globally, and upbeat business reports from China and Europe encouraged a shift into more advanced economies.

Insight: At Apple, Tim Cook leads a quiet cultural revolution

SAN FRANCISCO (Reuters) - Shortly after signing on as chief operating officer at Facebook, Sheryl Sandberg was looking to connect with people in a similar role - No. 2 to a brilliant and passionate young founder. She called Tim Cook.

Penney takes step to ward off any coercive takeover methods

(Reuters) - J.C. Penney Co Inc on Thursday said it adopted a one-year stockholder rights plan to protect against a potential future use of coercive methods to take the company over.

Euro zone private sector growth beats forecasts in August: PMIs

LONDON (Reuters) - Business activity across the euro zone has picked up this month at a faster pace than expected, surveys showed on Thursday, led by Germany as it benefited from growing demand for its exports.

Analysis: Rising returns give U.S. public pension funds chance to reform

(Reuters) - Many U.S. public pension funds are benefiting from double-digit annual returns in fiscal 2013 that are giving them breathing space to try to implement reforms and fix gaping deficits.

Exclusive: China's banks to take next step in rate reform push - sources

BEIJING/HONG KONG (Reuters) - China's top banks are expected to win approval for the issuance of tens of billions of yuan in negotiable certificates of deposit (NCD) as early as next month, in another step towards developing market-determined interest rates.

Emerging market sell-off worsens, more pain ahead

LONDON (Reuters) - Heavy selling engulfed emerging markets again on Thursday with more currencies falling prey to fears of higher global borrowing costs and a reduction in cheap cash supplies from the United States.

Abercrombie & Fitch same-store sales plummet, outlook weak

(Reuters) - Abercrombie & Fitch Co reported comparable sales and profit far below Wall Street expectations on Thursday, blaming a drop in store visits by shoppers, and the teen retailer said business will decline even more during the current back-to-school quarter.

Mitsubishi Aircraft delays regional jet delivery to 2017

TOKYO (Reuters) - Mitsubishi Aircraft Corp, a unit of Mitsubishi Heavy Industries Ltd , said on Thursday it would delay the initial delivery of its regional jet to the second-quarter of 2017 to ensure the company can meet Japanese safety regulations.