Business Today: Futures set to extend earnings-fueled rally

		Click to View in Browser 07/19/2012 Futures set to extend earnings-fueled rally NEW YORK (Reuters) - Stock index futures rose on Thursday, indicating the market would rally for a third day, following gains on Wednesday that took the S&P 500 to its highest level since May. Jobless claims rebound after sharp fall WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rebounded last week, pushing them back to levels consistent with modest job growth after a seasonal quirk caused a sharp drop the prior period. Morgan Stanley swings to second-quarter profit (Reuters) - Morgan Stanley swung to a profit in the second quarter, though revenue declined 24 percent due to a slowdown in trading and dealmaking. UnitedHealth profit beats estimates as plans grow (Reuters) - UnitedHealth Group Inc reported an increase of about 6 percent in quarterly profit on Thursday, beating analysts' estimates, as most of its insurance plans grew and medical claim costs remained stable. Textron earnings soar past Wall Street target (Reuters) - Textron Inc blew past Wall Street forecasts with a near-doubling of its quarterly profit, helped by strong demand for its Bell helicopters and a pickup in sales at its Cessna jet unit. Travelers misses estimates on disaster losses (Reuters) - Travelers Companies Inc reported a profit for the second quarter but missed Wall Street expectations, as the insurer's catastrophe losses fell from a year before but were still higher than historical norms. Blackstone's earnings slump; performance fees lower (Reuters) - Blackstone Group LP, the largest publicly listed alternative asset manager, said second-quarter earnings dropped as challenging public markets weighed on the value of its assets and reduced its lucrative performance fees. Central bankers eyeing whether Libor needs scrapping OTTAWA (Reuters) - Central bankers and regulators will hold talks in September on whether the troubled global Libor interest rate can be reformed or whether it is so damaged that the benchmark of borrowing costs should be scrapped. Euro zone's Spain aid for bank recapitalization, not other use: Commission BRUSSELS (Reuters) - The sum of up to 100 billion euros ($122 billion) that the euro zone has agreed to lend to Spain is only for recapitalising the country's banks and not for any other possible use such as bond market intervention, the European Commission said on Thursday. Deutsche Bank to cut thousand more jobs: sources FRANKFURT (Reuters) - Deutsche Bank aims to cut almost a tenth of its investment banking staff, the latest lender to respond to a slowdown in financial market activity as the euro zone crisis saps client confidence, sources familiar with the plans said. Related Video Wealth Strategies: Biotech to heat up this summer-StockTwits Perfect storm for UK music festivals Economic News Jobless claims rebound after sharp fall Balanced mix of reforms needed: Geithner 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