BUSINESS

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Labor market healing but real spending stagnant

Americans filed fewer new claims for jobless benefits last week but consumer spending was flat in January for the third straight month after accounting for inflation, casting a pall over the economic outlook.

Europe drags on global economy, few policy options

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Prospects for a strong recovery in the global economy darkened on Thursday as sputtering factory activity in Europe overshadowed more upbeat data from Asia, at a time when central banks are running out of policy options and reluctant to do more.

Stock futures imply slight gains after data

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Stock index futures pointed to a slightly higher open on Thursday as jobless claims hovered near multi-year lows, though investors had little reason to continue buying after healthy gains so far this year.
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LightSquared eyes ex-Nextel head for CEO job: source

LightSquared, the beleaguered telecom startup founded by hedge fund manager Philip Falcone, is considering hiring telecommunications veteran Timothy Donahue as chief executive officer, a person familiar with the matter said on Wednesday.
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Stock futures tick high ahead of jobless claims

Stock index futures edged higher on Thursday after Wall Street finished February with healthy gains as investors looked ahead to economic data that could reinforce recent signs of improved growth.
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Asian factories see pick up in new orders

New factory orders for Asia's manufacturing powerhouses perked up in February, easing some concerns about the global economic slowdown, purchasing managers indexes showed on Thursday.
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Stock futures rise ahead of jobless claims

Stock index futures edged higher on Thursday as investors looked ahead to economic data that could reinforce recent signs of improved growth after Wall Street finished February with healthy gains.
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Euro zone inflation steady, joblessness hits new high

Euro zone joblessness rose to a new euro-era high while inflation was largely steady at the start of 2012, data showed on Thursday, leaving the European Central Bank to juggle the demands of a slowing economy and only mild pressure on prices.
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Greek manufacturing slump deepens in Feb: PMI

Greek manufacturing shrank at its fastest rate in at least thirteen years in February as production and new orders declined at record rates, driving the sector deeper into recession and forcing firms to shed more jobs, a survey showed on Thursday.
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Stock futures point to steady Wall St open

Stock index futures pointed to a steady open on Wall Street on Thursday, with futures for the S&P 500 and the Dow Jones staying flat and the Nasdaq 100 futures rising 0.1 percent.
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Factory, income data support growth outlook

The economy grew slightly faster than initially thought in the fourth quarter and a gauge of factory activity in the Midwest hit a 10 month-high in February, pointing to underlying strength in the economy.
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February auto sales seen up slightly

U.S. auto sales for February are expected to post a modest rise from year-earlier levels, as the industry continues its gradual recovery thanks to a rise in consumer confidence and the need to replace aging cars and trucks.
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Bernanke warns of slow progress ahead on jobs

Federal Reserve Chairman Ben Bernanke on Wednesday offered a tempered view of the U.S. economy, pouring cold water on the notion that recent upbeat signs herald a stronger recovery.
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Wall St ends strong month on down note

Stocks dipped on Wednesday, snapping a four-day winning streak after comments from Federal Reserve Chairman Ben Bernanke disappointed investors hoping for a strong signal of more stimulus.
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Angry Birds fly to Facebook, Asia and ... Space

Finnish gaming firm Rovio expects to boost growth for months to come, with expansion in Asia, to Facebook and with the launch of Angry Birds Spaces, its marketing chief told Reuters in an interview.
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Swiss lawmakers back U.S. tax plan; further vote Monday

Swiss lawmakers threw their support behind a tax proposal which could help to strike a deal with the United States on Wednesday, a move which is seen as instrumental to settling a U.S. probe into Swiss banks with hidden offshore accounts.
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License scandal rattles India's telecom nirvana

The scandal convulsing the Indian telecoms market threatens to deter foreign companies from investing there and could call into question the business case for expanding into emerging markets in general.
Laura Prepon

'Are You There, Chelsea?' Reunites 'That 70's Show' Donna and Fez [VIDEO]

A mini That 70's Show reunion is going to take place tonight when Wilmer Valderamma joins Laura Prepon in an episode of Are You There, Chelsea? Valderamma, who formerly portrayed foreign exchange student, Fez, on That 70's Show will finally be fulfilling his dream of getting with Prepon's former character, Donna.

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