Business Today: Futures steady but Greek concerns remain

Click to View in Browser 06/14/2012 Futures steady but Greek concerns remain NEW YORK (Reuters) - Stock futures were little changed on Thursday, as investors were reluctant to make big bets ahead of the latest data on the labor market and the upcoming elections in Greece. Jobless claims rise last week WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, government data on Thursday showed, suggesting persistent weakness in the labor market after stumbling badly in recent months. Merkel talks tough as Spain debt costs soar BERLIN (Reuters) - Chancellor Angela Merkel rebuffed pressure on Thursday for Germany, Europe's most powerful economy, to underwrite debt or guarantee bank deposits in the euro zone as Spain's soaring borrowing costs raised new alarm. Nokia to cut one in five jobs PARIS (Reuters) - Nokia plans to cut one in five jobs at its global cellphone business as it loses market share to rivals Apple and Samsung and burns through cash, raising new fears over its future. Foreclosures up for first time in 27 months NEW YORK (Reuters) - Foreclosure starts rose year-over-year in May for the first time in more than two years as banks resumed dealing with distressed properties after a mortgage abuse settlement earlier this year, data firm RealtyTrac said on Thursday. Countries across world gird for Greece turmoil TOKYO/ZURICH (Reuters) - The threat of turmoil sweeping across global markets next week if Greece's election prompts a panicky flight of money from the euro zone has policymakers from Beijing to Zurich preparing to protect their currencies and economies from an unwelcome influx. Exclusive: Nissan plans $785 million north China plant, to challenge VW, Toyota: source BEIJING (Reuters) - Nissan Motor , the biggest Japanese automaker in China, is to build a 5 billion yuan ($785 million) plant in the northeast of the country, a person with knowledge of the plan said, extending its reach in the world's largest auto market. Volkswagen shrugs off West Europe decline with monthly sales rise BERLIN (Reuters) - German car maker Volkswagen increased group sales 7.8 percent in May as sturdy demand from China, the United States and eastern Europe offset an accelerating drop in VW's core western European markets. AOL shareholders to weigh course in director vote BOSTON (Reuters) - AOL Inc shareholders vote on Thursday on whether to hold course on the one-time Internet giant's strategy to gradually become an ad-driven media destination or to shake up the company in line with an activist investor's demands. Analysis: Spain faces uphill battle to avoid sovereign bailout MADRID (Reuters) - Spain will have to play the right cards at the right time to shore up confidence and avoid sliding towards a full-scale sovereign bailout despite negotiating European financial assistance of up to 100 billion euros for its banks. Related Video HTC's newest phones impress - but can it remain a player? Breakingviews: No light at the end of the tunnel for Nokia Economic News Jobless claims rise last week Mortgage applications rose last week: MBA 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