Business Today: CORRECTED: Futures up ahead of jobless, durable goods data

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Good Morning Aron, THU 24 Dec 2009    CORRECTED: Futures up ahead of jobless, durable goods data Jobless claims fall in latest week U.S. pay czar Feinberg OKs compensation at some bailout firms Pacific Capital may sell tax unit to private equity fund U.S. consumer spending rises, new home sales slump U.S. probes banks on sale of risky securities: report Murdoch sees better 2010 for News Corp: report Fannie, Freddie CEO pay gets regulator nod: report AIG investigated executives regarding pay moves: report New securitization landscape seen for ABS Kirin to merge with brewer Suntory Business Update: Asian shares rise Chinese carmaker to buy Volvo CORRECTED: Futures up ahead of jobless, durable goods data December 24, 2009 08:15 AM ET (Corrects the number that initial jobless claims are expected to fall to 10,000 from 15,000 in 3rd paragraph. The incorrect number was mentioned in an earlier stock market report) Full Article Jobless claims fall in latest week December 24, 2009 08:31 AM ET WASHINGTON (Reuters) - The number of workers filing new applications for jobless benefits fell last week to the lowest level in more than 15 months, according to government data on Thursday. Full Article U.S. pay czar Feinberg OKs compensation at some bailout firms December 23, 2009 06:05 PM ET WASHINGTON (Reuters) - U.S. pay czar Kenneth Feinberg on Wednesday approved compensation plans for several executives and top-paid employees at three firms that have received taxpayer aid. Full Article Pacific Capital may sell tax unit to private equity fund December 24, 2009 07:43 AM ET (Reuters) - Loss-making lender Pacific Capital Bancorp signed a letter of intent to sell its tax division to a private equity fund, as its regulators barred it from originating any refund anticipation loan in 2010. Full Article U.S. consumer spending rises, new home sales slump December 23, 2009 07:50 PM ET WASHINGTON (Reuters) - U.S. consumer spending rose in November as incomes recorded their biggest gain in six months, but a surprise drop in new home sales to a seven-month low was a reminder that the economic recovery would be bumpy. Full Article U.S. probes banks on sale of risky securities: report December 24, 2009 12:07 AM ET (Reuters) - U.S. regulators and legislators are investigating whether Wall Street investment banks deliberately sold risky structured securities to clients, and then bet on the securities failing, the New York Times reported on Wednesday. Full Article Murdoch sees better 2010 for News Corp: report December 24, 2009 06:36 AM ET MILAN (Reuters) - News Corp would do better in 2010 than the previous year thanks to the strong performance of its cable and film businesses, the international media group's head Rupert Murdoch told an Italian newspaper. Full Article Fannie, Freddie CEO pay gets regulator nod: report December 24, 2009 07:43 AM ET (Reuters) - The U.S. housing regulator has approved pay packages for the chief executives of mortgage finance companies Fannie Mae and Freddie Mac in the range of $4 million to $6 million, the Wall Street Journal said, citing people familiar with the matter. Full Article AIG investigated executives regarding pay moves: report December 23, 2009 05:24 PM ET NEW YORK (Reuters) - American International Group Inc investigated five executives who threatened to resign over federal pay limits, the Wall Street Journal reported on Wednesday. Full Article New securitization landscape seen for ABS December 23, 2009 04:55 PM ET NEW YORK (Reuters) - As the recovering U.S. asset-backed market heads toward the new year, concerns remain that overregulation may deliver a setback to a full recovery. Full Article

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