Business Today: Futures briefly pare losses, economy weighs

		Click to View in Browser 07/12/2012 Futures briefly pare losses, economy weighs NEW YORK (Reuters) - Stock index futures briefly pared losses on Thursday after data showed fewer Americans filed for unemployment insurance in the latest week than Wall Street expected. New jobless claims fall sharply to four-year low WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits last week fell sharply to the lowest level in four years, a hopeful sign for the struggling labor market, government data showed on Thursday. Exclusive: U.S. probing failed broker PFGBest's use of small auditor WASHINGTON/CHICAGO (Reuters) - U.S. futures industry investigators are looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting firm that appears to be operating from inside a suburban Chicago home to audit its books, according to a person familiar with the matter. Fed examiner rejig hurt JPMorgan supervision: report NEW YORK (Reuters) - The replacement of dozens of New York Federal Reserve bank examiners at JPMorgan Chase & CoN> in mid-2011 hindered regulators' ability to see the mounting risks that left the bank with an estimated $5 billion of trading losses, the New York Times reported. Buffett pessimistic on economy: CNBC (Reuters) - July 12 (Reuters) - Warren Buffett made some of his most pessimistic comments on the economy in recent memory on Thursday, telling CNBC that things have slowed in the United States in the last six weeks. HSBC shares drop on reports of $1 billion U.S. fine LONDON (Reuters) - Shares in HSBC Holdings Plc fell on Thursday after the Financial Times reported it could face a record $1 billion fine following an investigation by U.S. authorities into breakdowns in money laundering prevention. Factory output drags on euro zone's economy BRUSSELS (Reuters) - Euro zone factories unexpectedly stepped up production in May, but output fell in France and the Netherlands in a further sign that the bloc's sovereign debt crisis is also hurting its stronger economies. Major Boeing order to bring air show to a close FARNBOROUGH (Reuters) - Boeing will cap off the industry's biggest event with a major order from United Airlines, the U.S. planemaker said, expected to be for 100 aircraft valued at around $9 billion. Peugeot cuts 8,000 jobs to end losses, shuts plant PARIS (Reuters) - French automaker PSA Peugeot Citroen announced 8,000 job cuts and the closure of an assembly plant as it struggles with mounting losses, in a move that could hasten a wave of restructuring in western Europe. Will Tucker get Bank of England top job? LONDON (Reuters) - Paul Tucker, the long-time favorite to become the next Bank of England chief, was quick to brand the Libor rate-rigging scandal "a cesspit" earlier this week -- but the twists and turns of the saga have left doubts about whether he will now get the top job. Related Video Lockheed Martin's trillion dollar headache Breakingviews: Peugeot job cuts test Hollande Economic News Glum Fed keeping easing options open, minutes show White House says "will be prepared" if spending cuts bite 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