Business Today: Futures turn positive after ADP data

		Click to View in Browser 07/5/2012 Futures turn positive after ADP data NEW YORK (Reuters) - Stock index index futures turned positive on Thursday after ADP data showed private-sector employment rose more than expected in June. Jobless claims post biggest fall since April WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits last week fell by the most in two months, government data showed on Thursday, a hopeful sign for the struggling labor market. Costco, other retailers miss June sales estimates (Reuters) - Costco and other retail chains on Thursday reported June sales that missed Wall Street's lowered expectations as persistently high unemployment and falling consumer confidence took a toll on spending. Private sector adds 176,000 jobs in June: ADP NEW YORK (Reuters) - U.S. companies added more jobs in June, beating expectations for a decrease in hiring and suggesting the economic recovery has not completely lost traction. Ratings agencies cut outlook for Barclays LONDON (Reuters) - Credit rating agencies turned up the heat on Barclays Plc, threatening to lower its credit ratings on concerns over who will run the bank following the departure of Chief Executive Bob Diamond and an uncertain strategy. China surprises with second rate cut this year BEIJING (Reuters) - China's central bank cut interest rates for the second time in two months on Thursday to bolster an economy widely expected to record its sixth successive slide in growth in April-June. Bank of England prints money again to boost UK economy LONDON (Reuters) - The Bank of England launched a third round of monetary stimulus on Thursday, announcing it would restart its printing presses and buy 50 billion pounds of asset purchases with newly created money to help the economy out of recession. U.S. mortgage applications dropped last week NEW YORK (Reuters) - Applications for U.S. home mortgages tumbled last week as demand for refinancing slumped for a second week in a row, though new purchase activity edged up, an industry group said on Thursday. Volkswagen, Porsche shares gain on tie-up plans WOLFSBURG/FRANKFURT (Reuters) - Shares in Volkswagen jumped on Thursday after its agreement to buy the remaining half of sports car maker Porsche, which will end a protracted takeover struggle that sparked high-profile family feuds and investor lawsuits. European Central Bank cuts rates to new low to aid flagging economy FRANKFURT (Reuters) - The European Central Bank cut interest rates to a record low on Thursday to breathe life into a deteriorating euro zone economy and back up measures agreed by government leaders last week to tackle the bloc's debt crisis. Related Video Breakingviews: Bankia probe long overdue The biggest brand you've never heard of Economic News Jobless claims post biggest fall since April Private sector adds 176,000 jobs in June: ADP 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