Business Today: Stock futures dip ahead of jobless data

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Good Morning Aron, THU 16 Sep 2010    Stock futures dip ahead of jobless data Weekly jobless claims hit two-month low FedEx profit doubles, but shy of Wall Street view Japan PM says ready to step into forex markets again Potash working on China-led buyout to top BHP: report DOJ drops charges against former Merrill banker in Enron case Cost of drilling moratorium less than feared China says pressure on yuan will not help Senate could pass small-business bill Thursday Banks take over record number of homes in August Halo sales lift Tokyo Game Show China bank shares lead Asia lower Lehman: two years of reflection Stock futures dip ahead of jobless data September 16, 2010 08:14 AM ET NEW YORK (Reuters) - Stock index futures dipped on Thursday ahead of a round of economic data that will include a look at the labor market, while FedEx reported profit that was shy of expectations. Full Article Weekly jobless claims hit two-month low September 16, 2010 08:36 AM ET WASHINGTON (Reuters) - Claims for unemployment benefits unexpectedly fell last week, dropping to a two-month low, according a government report on Thursday that hinted at some stability in the labor market. Full Article FedEx profit doubles, but shy of Wall Street view September 16, 2010 07:52 AM ET SCHENECTADY, New York (Reuters) - FedEx Corp reported a quarterly profit that more than doubled, but came slightly shy of Wall Street's revised expectations, as a recovery in the global economy sparked demand for the U.S. company's package-delivery services. Full Article Japan PM says ready to step into forex markets again September 16, 2010 07:57 AM ET TOKYO (Reuters) - Japan's prime minister signaled on Thursday that authorities would keep intervening to curb yen strength as sagging manufacturing confidence underscored the threat the currency poses to the fragile economic recovery. Full Article Potash working on China-led buyout to top BHP: report September 16, 2010 05:31 AM ET MELBOURNE/LONDON (Reuters) - Potash Corp is trying to stitch together a consortium led by China to back a management buyout to trump BHP Billiton's $38.6 billion hostile offer, the Globe and Mail said Thursday. Full Article DOJ drops charges against former Merrill banker in Enron case September 16, 2010 02:52 AM ET BANGALORE (Reuters) - The Justice Department dropped charges against former Merrill Lynch banker James Brown, who was accused of helping Enron Corp defraud its shareholders over a sham transaction involving Nigerian power barges, court documents show. Full Article Cost of drilling moratorium less than feared September 16, 2010 06:06 AM ET WASHINGTON (Reuters) - The economic costs of the Obama administration's six-month moratorium on deepwater drilling in the Gulf of Mexico will be less severe than first feared, according to a U.S. government report released on Thursday. Full Article China says pressure on yuan will not help September 16, 2010 05:14 AM ET BEIJING (Reuters) - Pressuring China about its yuan exchange rate could backfire, the Chinese Foreign Ministry said on Thursday, maintaining that Washington is wrong to blame the yuan for U.S. economic woes. Full Article Senate could pass small-business bill Thursday September 16, 2010 01:09 AM ET WASHINGTON (Reuters) - The Senate on Thursday could pass a long-stalled measure that would boost lending to small businesses, giving President Barack Obama's Democrats one of their last chances to show voters they are working to revive the sluggish economy. Full Article Banks take over record number of homes in August September 16, 2010 04:30 AM ET NEW YORK (Reuters) - A record number of homeowners lost houses to their banks in August as lenders worked through the backlog of distressed mortgages, real estate data company RealtyTrac said on Thursday. Full Article

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