Business Today: Stock futures extend losses after GDP, jobless

Click to View in Browser 03/29/2012 Stock futures extend losses after GDP, jobless NEW YORK (Reuters) - Stock index futures extended losses on Thursday after data showed the domestic economy expanded as expected in the fourth quarter while initial jobless claims were slightly worse than expectations. Jobless claims fall to 4-year low in latest week WASHINGTON (Reuters) - New claims for unemployment benefits fell to a fresh four-year low last week, according to a government report that showed ongoing healing in the labor market. Fourth-quarter GDP unrevised at 3.0 percent WASHINGTON (Reuters) - The economy expanded as expected in the fourth quarter while personal income grew at a much faster pace than previously thought, which should help underpin spending this quarter. Goldman board meets in India amid talk of splitting top jobs MUMBAI (Reuters) - Half a world away from Wall Street, the board of directors of embattled Goldman Sachs Group Inc were meeting in India amid reports that senior executives have talked about splitting the roles of chief executive and chairman, both held now by Lloyd Blankfein. Exclusive: Investors press U.S. shale oil drillers to control flaring WASHINGTON (Reuters) - Investors representing $500 billion in assets are pushing energy companies in the shale oil rush in North Dakota and other states to disclose the amount of natural gas they burn - a practice they see as a wasteful financial risk. Best Buy sales disappoint, to cut stores, jobs (Reuters) - Best Buy Co Inc reported weaker-than-expected sales for the fourth quarter on Thursday, and said it has decided to close 50 big-box stores and to cut 400 jobs in corporate and support areas. Analysis: To Canada and back again: a new U.S. oil pipeline race HOUSTON (Reuters) - Even as big U.S. oil pipelines invest billions of dollars to ship booming oil production south from Canada and North Dakota, a new race is underway in the opposite direction. Euro zone lagging behind in shaky G7 recovery: OECD PARIS (Reuters) - Euro zone nations are falling far behind the United States and Canada as a fragile recovery takes root in advanced economies, the OECD said on Thursday, advising central banks to keep easy money flowing so the rebound does not prove short-lived. Analysis: Spain's banks may need more public cash MADRID (Reuters) - Spanish banks, already hurting from a property crash, are facing a new wave of loan defaults as the economy sinks into recession and the government may have to find more money or ask Europe for help in filling the funding gap. Murdoch fights back against "lies and libels" LONDON (Reuters) - An angry Rupert Murdoch on Thursday declared war against "enemies" who have accused his pay-TV operation of sabotaging its rivals, denouncing them as "toffs and right wingers" stuck in the last century. Related Video Wealth Strategies: Emerging market financials in good shape Rebrand Goldman? Only if you're a muppet Economic News Jobless claims fall to 4-year low in latest week More CEOs ready to start hiring again: survey A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend