Business Today: Stock futures flat ahead of initial claims

If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Good Morning Aron, THU 07 Oct 2010    Stock futures flat ahead of initial claims Jobless claims at near three-month low Late back-to-school shopping lifts retail sales PepsiCo trims top end of forecast World Bank and IMF at odds over hot money flows ECB holds rates, markets seek signals on euro strength Oil companies plan new U.S. oil spill fund Smaller firms could have run U.S. toxic funds: audit Castel rules out SABMiller African beer deal Tribune CEO's email counters New York Times piece IMF Head: Don?t hide behind renminbi The day ahead: October 7, 2010 Rombach: Rate targeting won't work Stock futures flat ahead of initial claims October 07, 2010 08:09 AM ET NEW YORK (Reuters) - Stock index futures were little changed on Thursday ahead of weekly jobless claims data as investors sought insight into the strength of the economic recovery before Friday's key employment report. Full Article Jobless claims at near three-month low October 07, 2010 08:33 AM ET WASHINGTON (Reuters) - New U.S. claims for unemployment benefits unexpectedly fell last week, touching their lowest level in nearly three months, according to a government report on Thursday that pointed to some stability in the troubled labor market. Full Article Late back-to-school shopping lifts retail sales October 07, 2010 08:22 AM ET NEW YORK (Reuters) - Retailers catering to teens saw some of the strongest same-store sales in September, with a late start to back-to-school sales helping the store chains beat Wall Street forecasts. Full Article PepsiCo trims top end of forecast October 07, 2010 08:22 AM ET DETROIT (Reuters) - PepsiCo Inc trimmed the top end of its full-year earnings forecast and reported a quarterly profit on Thursday that met analysts' expectations. Full Article World Bank and IMF at odds over hot money flows October 07, 2010 07:16 AM ET TOKYO/WASHINGTON (Reuters) - Emerging economies should consider steps to contain fund flows that could cause currency rallies and asset bubbles, the World Bank chief was quoted as saying, but the International Monetary Fund called such actions "undesirable." Full Article ECB holds rates, markets seek signals on euro strength October 07, 2010 08:22 AM ET FRANKFURT (Reuters) - The European Central Bank will face scrutiny on Thursday over its response to a growing global battle over currencies and a spike in market interest rates after it held interest rates at a record low 1.0 percent. Full Article Oil companies plan new U.S. oil spill fund October 07, 2010 07:41 AM ET LONDON (Reuters) - U.S. oil explorers are talking about forming a new insurance fund that would cover the costs of any future oil spill, to avoid a scenario where smaller companies are unable to drill offshore, a senior industry executive said on Thursday. Full Article Smaller firms could have run U.S. toxic funds: audit October 07, 2010 05:13 AM ET WASHINGTON (Reuters) - The Treasury Department's program to soak up toxic mortgage assets may have unnecessarily excluded smaller, well-qualified fund managers to the detriment of taxpayers, a U.S. bailout watchdog said on Thursday. Full Article Castel rules out SABMiller African beer deal October 07, 2010 07:42 AM ET LONDON/PARIS (Reuters) - French drinks group Castel denied on Thursday that it was in talks to sell its African beer business to SABMiller, the world's second-biggest brewer. Full Article Tribune CEO's email counters New York Times piece October 07, 2010 02:14 AM ET LOS ANGELES (Hollywood Reporter) - Randy Michaels, chief executive of Los Angeles Times owner Tribune Co., circulated an internal memo Tuesday night shooting down a New York Times report accusing him of shocking sexual behavior and creating a "frat house" workplace with "pervasive sex talk." Full Article

REUTERS www.reuters.com Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book.Details Subscribe to other Reuters newsletters Unsubscribe from this newsletter. Send this mailing to a friend or colleague Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers