Business Today: Stock futures hold losses after data

		Click to View in Browser 06/28/2012 Stock futures hold losses after data NEW YORK (Reuters) - Stock futures held their losses on Thursday after as weekly jobless claims data came in about as expected. U.S. first quarter final GDP growth unrevised at 1.9 percent WASHINGTON (Reuters) - The U.S. economy slowed as expected in the first quarter, but a less robust pace of consumer spending and export growth than previously estimated could dampen the economic outlook for the current period. Jobless claims fall last week, but still high WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, government data showed on Thursday, but remained too high to signal any major improvement in the labor market. News Corp confirms plan to split in two (Reuters) - Rupert Murdoch's News Corp said on Thursday it would pursue splitting the $60 billion media conglomerate into separate publicly traded publishing and entertainment companies. JPMorgan falls 5 percent after trading loss report LONDON (Reuters) - JPMorgan shares fell 5.3 percent in Frankfurt on Thursday after a newspaper reported that losses from a bungled credit derivatives trade could reach $9 billion in a worst-case scenario. Malaysia's Petronas to buy Canadian gas producer TORONTO (Reuters) - Malaysia's state oil company on Thursday agreed to buy Canada's Progress Energy Resources Corp for C$4.8 billion ($4.7 billion) to bolster its reserves of natural gas for export to Asian markets. Glasenberg's dealmaker renown at mercy of Qatar LONDON (Reuters) - By rejecting Glencore's coveted acquisition of miner Xstrata , Qatar could also put paid to the reputation of Ivan Glasenberg, chief executive of the commodities trader, as consummate dealmaker. UK discussed potential criminal aspect of Libor fixing LONDON (Reuters) - Britain's Treasury and financial market regulator have discussed the potential criminal implication of an investigation into the manipulation of Libor rates, a spokeswoman to British Prime Minister David Cameron said on Thursday. Slow economic recovery to weigh on U.S. banks: Citi (Reuters) - Citi Investment Research cut its price targets and second-quarter outlook on several U.S. banks including Bank of America Corp (BofA) and Goldman Sachs as slow economic recovery hurts trading. Merkel stands ground ahead of euro summit BERLIN/BRUSSELS (Reuters) - EU leaders arrived for a Brussels summit on Thursday more openly divided than at any time since the euro crisis began, with Germany's Chancellor Angela Merkel showing no sign of relenting in her refusal to back other countries' debts. Related Video Market Pulse: Groundhog Day as EU summit set to disappoint Libor loses credibility, may not be worth saving Economic News U.S. first quarter final GDP growth unrevised at 1.9 percent Jobless claims fall last week, but still high 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