Business Today: Stock futures pare gains after data

Click to View in Browser 04/12/2012 Stock futures pare gains after data NEW YORK (Reuters) - Stock index futures pared gains after data showed new claims for unemployment benefits unexpectedly rose to their highest level since January, heightening worry about a stalled labor market recovery. Jobless claims unexpectedly rise last week WASHINGTON (Reuters) - New claims for unemployment benefits rose last week to their highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March. Producer prices flat in March on gasoline WASHINGTON (Reuters) - Producer prices were unexpectedly flat in March as a drop in gasoline costs offset rising food prices, according to a government report on Thursday that also showed moderate underlying inflation pressures. Energy costs stir worries in U.S. economic expansion WASHINGTON (Reuters) - U.S. economic activity kept growing moderately in the late winter months but rising energy prices were beginning to worry manufacturers and retailers across the country, the Federal Reserve said on Wednesday. Sony CEO wields ax, sets turnaround targets TOKYO (Reuters) - Less than a fortnight into his job as CEO, Kazuo Hirai sketched out a strategy to revive Sony Corp: a major push into smartphones, growth in games and cameras, and big cost cuts in a TV business that has not made a profit in eight years. What will be the next Instagram? SAN FRANCISCO (Reuters) - Facebook's willingness to pay $1 billion to buy the 12-person start-up Instagram has Silicon Valley venture capitalists happily re-doing their math on the potential value of hot young companies. Walmart International focusing on own business over deals (Reuters) - Wal-Mart Stores Inc is emphasizing improving results in international markets where it already operates, such as China, over entering new markets, its top international executive said on Thursday. Fed's Dudley: Too soon to say economy out of danger SYRACUSE, New York (Reuters) - The disappointing performance of the U.S. labor market in March shows it is too early to conclude the economy is out of the woods, despite months of encouraging economic data, New York Federal Reserve Bank president William Dudley said on Thursday. UK North Sea decommissioning heightens risk of leaks LONDON (Reuters) - The UK North Sea's dwindling oil and gas reserves will make abandoning wells increasingly common, exposing operators to similar challenges facing French major Total when decommissioning work triggered a blowout, the International Energy Agency (IEA) said on Thursday. Exclusive: SEC, Goldman to settle research case for $22 million: sources WASHINGTON (Reuters) - U.S. securities regulators are preparing to announce that Goldman Sachs will pay $22 million to settle allegations the bank did not have adequate policies to prevent research from being passed inappropriately to preferred clients, people familiar with the matter said on Wednesday. Related Video Titantic shipbuilder sponsors requiem Sony promises change, confirms 10,000 job cut Economic News Economy picking up, exports better: Japan Fed's Dudley: Too soon to say economy out of danger 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