GM was hit with a lawsuit from customers who said their vehicles lost value because of ignition problems that prompted a recall of 1.6 million cars.» Read More
BOSTON, Oct 4- Understanding the real problem- in business or elsewhere- is a prerequisite to coming up with the right solution, says Harvard Business Review. The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org. Any opinions expressed are not endorsed by Reuters.
NEW YORK, Oct 4- The number of Americans filing new claims for unemployment benefits rose less than expected last week, according government data on Thursday that suggested a mild improvement in the labor market. OMER ESINER, CHIEF STRATEGIST, COMMONWEALTH FOREIGN EXCHANGE, WASHINGTON.
Weekly applications increased last week by 4,000 from the previous week's level of 363,000, the Labor Department said Thursday. Joshua Shapiro, chief U.S. economist at MFR Inc., said the figures are "consistent with a soft but by no means collapsing labor market."
NEW YORK, Oct 4- U.S. stock index futures held their early gains after weekly initial jobless claims rose a tad less than expected last week to 367,000, compared with analysts' estimates for 370,000 claims.
DETROIT-- Honda says it is recalling more than 820,000 Civic compact cars and Pilot SUVs because the headlights can fail. The recall affects Civics from the 2002 and 2003 model years and Pilots from 2004 and 2005.. Honda says it will fix the wiring for free.
WASHINGTON-- The White House is going to great lengths to discourage defense contractors from sending layoff warnings to employees in the days before the presidential election, an effort Republicans are denouncing as politically motivated.
Oct 4- Pfizer Inc said a late-stage study of its Prevenar 13 vaccine met the main trial goal, and the data will help to expand a European regulatory application for the vaccine. The main goal of the study was to show that the immune response to the vaccine in the 18 to 49 year old age group was non-inferior when compared to the response in the 60 to 64 year group.
Claire McCaskill touted a $5.8 million fundraising haul for her re-election campaign Wednesday as Republican challenger Todd Akin sought to raise cash amid new attention to his remarks about abortion.
Oct 4- Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up by 45 mi llion us ers since June. Facebook, based in Menlo Park, California, hit the 1 billion milestone on Sept. 14 at 12:45 p.m. Pacific time, the company said on its website.
Oct 4- U.S. Labor Department report of initial state jobless benefit claims, seasonally adjusted. Initial Claims: Sept. 22 from 359,000. Mississippi 3,314 Ohio 1,975 Michigan 1,179.
WASHINGTON, Oct 4- The number of Americans filing new claims for unemployment benefits rose less than expected last week, according government data on Thursday that suggested a mild improvement in the labor market. Initial claims for state unemployment benefits climbed 4,000 to a seasonally adjusted 367,000, the Labor Department said.
NEW YORK, Oct 4- Lenders seized fewer U.S. homes in August, in part due to the rising popularity of alternatives to foreclosure, data analysis firm CoreLogic said on Thursday. There were 57,000 foreclosures completed in August, down from 58,000 in July and 75,000 a year ago, according to CoreLogic.
Oct 4- Canada's main stock index looked set to open higher on Thursday after the European Central Bank left interest rates unchanged at its policy meeting and as upbeat U.S. economic data in the previous session helped alleviate fears of global slowdown.
September sales rose 3.9 percent _ a slowdown from the 6- percent rise in August _ as 22 retailers like Macy's and Costco reported mixed results, according to the International Council of Shopping Centers. "This should set up to be a good holiday season," said Ken Perkins, president of Retail Metrics LLC, a research firm.
NEW YORK, Oct 4- Gap Inc:.
Dow futures are up 46 points to 13,472. The broader S&P 500 futures are up 6 points to 1,451. Nasdaq futures are up 13 points to 2,821.. Investors are also awaiting news from the monthly policy meeting of the European Central Bank.
Oct 4- Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up more than 50 million users since June. Facebook, based in Menlo Park, California, hit the 1 billion milestone on Sept. 14 at 12:45 p.m. Pacific time, the company said on its website.
By Saeed Azhar and Kelvin Soh SINGAPORE/ HONG KONG, Oct 4- Standard Chartered's.
Target says a key revenue figure rose 2.1 percent in September as shoppers picked up back-to-school items and groceries. Total sales for the five weeks ended Sept. 29 rose 2.6 percent to $6.08 billion. Minneapolis- based Target expects October revenue in stores open at least one year to rise in the mid- to low-single digit percentage range.
KHARTOUM, Oct 4- Sudan and South Sudan will remain locked in conflict despite reaching a border security deal last week because they do not trust each other enough to resolve their biggest disputes, leading Sudanese opposition figure Hassan al-Turabi said.