Business Today: Futures up ahead of ECB meeting, jobless data eyed

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Good Morning Aron, THU 02 Dec 2010    Futures up ahead of ECB meeting, jobless data eyed Jobless claims rise but point to stronger labor market Diller steps down as IAC CEO, Malone swaps stake for cash Holiday kickoff helped retailers' November sales Pepsi looks to buy Wimm-Bill-Dann in $5.4 billion deal ECB keeps interest rates at record low Toll Bros posts profit, but contracts slip SEC and several banks discuss ending mortgage probe: report Third-quarter demand for foreclosed homes plummets: survey Safety body pinpoints Rolls aero engine defect Top thinkers: Daron Acremoglu - Pt 1 Top thinkers: Daron Acremoglu - Pt 2 Mobile black out across Israel Futures up ahead of ECB meeting, jobless data eyed December 02, 2010 08:22 AM ET NEW YORK (Reuters) - Stock index futures rose on Thursday on expectations the European Central Bank may act to relieve market worries of a spreading euro zone debt crisis. Full Article Jobless claims rise but point to stronger labor market December 02, 2010 08:34 AM ET WASHINGTON (Reuters) - New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, but a drop in the four-week moving average to a fresh two-year low suggested the labor market was on the cusp of solid job gains Full Article Diller steps down as IAC CEO, Malone swaps stake for cash December 02, 2010 08:06 AM ET NEW YORK (Reuters) - Barry Diller is stepping down as chief executive of IAC/InterActiveCorp, the company said, adding it had bought out one of its largest shareholders, John Malone's Liberty Media Corp. Full Article Holiday kickoff helped retailers' November sales December 02, 2010 07:51 AM ET NEW YORK (Reuters) - Several U.S. retailers reported higher-than-expected sales for November, confirming a strong start to a holiday shopping season that could determine whether the U.S. economic recovery has legs. Full Article Pepsi looks to buy Wimm-Bill-Dann in $5.4 billion deal December 02, 2010 08:15 AM ET MOSCOW (Reuters) - PepsiCo is to pay $3.8 billion for a 66 percent stake in Wimm-Bill-Dann from a group of shareholders, in a deal it said gave the Russian juice and dairy producer an enterprise value of $5.4 billion. Full Article ECB keeps interest rates at record low December 02, 2010 07:57 AM ET FRANKFURT (Reuters) - The European Central Bank kept interest rates on hold Thursday at a policy meeting expected to see it keep unlimited liquidity operations in place for longer as the euro zone debt crisis rages unabated. Full Article Toll Bros posts profit, but contracts slip December 02, 2010 08:25 AM ET NEW YORK (Reuters) - Toll Brothers posted a quarterly profit on Thursday, helped mainly by cost cuts and an income tax benefit, and shares of the largest U.S. luxury builder rose more than 1 percent. Full Article SEC and several banks discuss ending mortgage probe: report December 02, 2010 07:22 AM ET BANGALORE (Reuters) - U.S. securities regulators are in preliminary talks with several banks to resolve probes involving sales of complex mortgage bond deals that led to the financial crisis, the Wall Street Journal said, citing people familiar with the matter. Full Article Third-quarter demand for foreclosed homes plummets: survey December 02, 2010 03:18 AM ET WASHINGTON (Reuters) - Buyers looking to purchase a foreclosed home saw the largest price discounts in almost five years as demand for foreclosed homes plummeted in the third quarter, a closely watched industry survey said on Thursday. Full Article Safety body pinpoints Rolls aero engine defect December 02, 2010 08:29 AM ET SYDNEY/LONDON (Reuters) - Australian safety officials stepped up pressure on aero engines maker Rolls-Royce on Thursday, pinpointing a "potential manufacturing defect" in its Trent 900 engines and demanding it make them safe. Full Article

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