Business Today: Stock futures advance after JPMorgan results, data on tap

		Click to View in Browser 10/12/2012 Stock futures advance after JPMorgan results, data on tap NEW YORK (Reuters) - U.S. stock index futures advanced on Friday, indicating the S&P 500 may crimp its worst weekly decline since early June, following a robust earnings report from JP Morgan and ahead of data on consumer confidence and inflation. JPMorgan profits rise 34 percent on mortgage lending surge (Reuters) - JPMorgan Chase & Co posted record quarterly profits on Friday, up 34 percent from a year earlier, as low interest rates and a recovering housing market brought big increases in mortgage lending. U.S. airlines had profitable third-quarter, but growth concerns loom (Reuters) - U.S. airlines are expected to report solid profits for the third quarter, thanks to steady demand and fuel prices that declined toward the end of the period, but signs of slowing growth could spell challenges for the rest of the year. Wells Fargo third-quarter net up on strong mortgage lending (Reuters) - Wells Fargo & Co on Friday reported a 22 percent increase in third-quarter profit on a surge in mortgage lending. Moment of truth approaching for U.S. manufacturers BOSTON (Reuters) - How far can cost-cutting get you in a slowing economy? Vestas cuts 800 North American jobs as orders slow COPENHAGEN (Reuters) - Danish wind turbine maker Vestas said the impending expiry of a U.S. tax credit had exacerbated a fall in orders for next year, forcing it to make more than 800 job cuts in the United States and Canada so far this year. Euro zone's strong factory output surprises in August BRUSSELS (Reuters) - Output at euro zone factories grew much more than expected in August, helped by summer demand for food and French car production, but industry's apparent resilience is unlikely to be enough to avoid a recession in the indebted region this year. Germany holds firm on Greece as IMF pressure mounts TOKYO (Reuters) - Germany held firm on Friday in insisting it was too soon to say Greece deserved more time to meet its budget-cutting goals even as the head of the IMF laid out the case for leniency. Spain says ECB plan ready to be used, no blocking TOKYO (Reuters) - Spain on Friday said a European bond-buying plan was fully ready for use and that there was absolutely no political resistance from within the euro zone to a Spanish bailout request. U.S. jobless claims fall to lowest in four and half years WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls. Related Video Wealth Strategies: Silver prices driven by QE, Euro buying Reuters on the Road: To Russia on a handshake Economic News Fed's Yellen says Europe, housing strains stifling U.S. recovery 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