Business Today: Jobless claims fall, but prior week revised higher

		Click to View in Browser 11/14/2013 Jobless claims fall, but prior week revised higher WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, but an upward revision to the prior week's figure suggested the labor market recovery remained gradual. Stock futures hold Yellen gains, Cisco drags Nasdaq NEW YORK (Reuters) - U.S. stock index futures edged higher on Thursday, holding on to gains from late in the previous session after the release of remarks from Federal Reserve chair nominee, Janet Yellen, while a slide in Cisco shares weighed on Nasdaq futures. Wal-Mart's U.S. sales miss mark as shoppers visit less (Reuters) - Wal-Mart Stores Inc on Thursday reported its third straight quarterly decline in U.S. comparable sales, hurt by a drop in shopper visits, and the world's largest retailer gave a disappointing profit forecast for the holiday season. Lockheed to cut 4,000 jobs as U.S. spending wanes (Reuters) - Defense contractor Lockheed Martin Corp said on Thursday it plans to cut 4,000 jobs, more than 3 percent of its worldwide workforce, to cope with declines in U.S. spending. Viacom posts higher fourth-quarter revenue on strong ad growth (Reuters) - Viacom Inc reported a nearly 9 percent rise in fiscal fourth-quarter revenue on Thursday, driven by strong advertising growth at its cable networks and improved television ratings. Yellen to defend Fed's ultra-easy monetary policy WASHINGTON (Reuters) - Janet Yellen, President Barack Obama's nominee to lead the U.S. Federal Reserve, will offer a stout defense on Thursday of the central bank's aggressive monetary easing before a Senate panel that includes some tough Republican critics. U.S. trade gap widens as imports approach one-year high WASHINGTON (Reuters) - The U.S. trade deficit widened more than expected in September as imports rose to their highest level in almost a year, which could probably see third-quarter growth estimates trimmed. With France stalling, euro zone recovery comes to near halt BRUSSELS/PARIS (Reuters) - The euro zone economy all but stagnated in the third quarter of the year with France's recovery fizzling out and growth in Germany slowing. Top Japan banks' second-quarter earnings leap thanks to 'Abenomics' bull market TOKYO (Reuters) - Japan's top banks logged strong second quarter profit growth and raised their full-year outlook as a surge in the Tokyo stock market boosted equity portfolios, but other benefits of "Abenomics" have yet to spread to their core lending business. Boeing machinists reject labor deal on 777X by 67 percent SEATTLE (Reuters) - Boeing Co machinists soundly rejected an eight-year labor contract extension on Wednesday that would have let them build the company's newest jetliner in Washington, a historic decision that could forever alter the course of Boeing's 97-year presence in the state. Related Video Luxury boom fuels top retail rent rises Sports Spread: World Cup play-offs - who'll be in Brazil? Economic News Jobless claims fall, but prior week revised higher U.S. trade gap widens as imports approach one-year 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