Business Today: Stock futures up after two-day drop, claims data due

		Click to View in Browser 06/6/2013 Stock futures up after two-day drop, claims data due NEW YORK (Reuters) - Stock futures advanced on Thursday, indicating stocks may rebound after two straight days of declines, ahead of data on the labor market. Obama administration defends Verizon phone record collection WASHINGTON (Reuters) - The Obama administration on Thursday acknowledged that it is collecting a massive amount of telephone records from at least one carrier, reopening the debate over privacy even as it defended the practice as necessary to protect Americans against attack. Jobless claims fall, labor market gradually improving WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity. Fed's Raskin calls for simpler capital rules, decries delays WASHINGTON (Reuters) - A Federal Reserve official on Thursday will call on regulators to write simpler capital rules, saying delays in finishing up the requirements could hurt banks' balance sheets. PepsiCo denies in talks to buy SodaStream TEL AVIV (Reuters) - PepsiCo Inc denied a published report that it was in talks to buy Israel's SodaStream International Ltd , whose machines make carbonated drinks from tap water. ECB holds rates, expecting recovery soon FRANKFURT (Reuters) - The European Central Bank kept its main interest rate on hold at a record low 0.5 percent on Thursday as it waits to see whether early signs of stabilization in the euro zone will blossom into an economic recovery. Bank of England holds policy steady as King heads for exit LONDON (Reuters) - Bank of England Governor Mervyn King's final rate-setting meeting ended in a subdued fashion on Thursday with no change to policy despite the governor's calls for more stimulus. EU watchdog maps out anti-rigging rules for Libor LONDON/BRUSSELS (Reuters) - European Union regulators published guidelines on Thursday to stop banks rigging Libor and other market benchmarks in an interim measure before a more far-reaching EU law comes in. Raiffeisen's eastern strategy on the line after CEO exit VIENNA (Reuters) - The central and eastern European banking empire that Herbert Stepic forged at Austrian lender Raiffeisen may be the casualty of a power struggle at the group exposed by his sudden exit. Insight: Barred by Wal-Mart, Bangladesh suppliers feel left on the shelf (Reuters) - The day after Wal-Mart Stores Inc published Simco Group's name on its list of banned Bangladesh suppliers, the garment maker learned it had lost an order from U.S. retailer J.C. Penney Co Inc for 500,000 pairs of pajamas. Related Video U.S. Morning Call: SodaStream takes the Pepsi challenge Reuters Asks: What's on top of Carney's to do list? Economic News Jobless claims fall, labor market gradually improving Fed's Raskin calls for simpler capital rules, decries delays 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