Business Today: Stock futures hold losses after jobs, inflation data

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Good Morning Robert, THU 22 Apr 2010 
 
Stock futures hold losses after jobs, inflation data
Jobless claims drop 24,000 last week
CenturyTel to buy Qwest in all-stock deal
PepsiCo revenue misses Street view
Greek 2009 deficit turns out higher, euro falls
Verizon profit falls, subscriber growth weak
Geithner says parts of U.S. economy "very strong"
Kimberly-Clark sees costs weighing on profit
Continental Air posts larger-than-expected loss
Moody's cuts Toyota rating on recall costs


Stock futures hold losses after jobs, inflation data
April 22, 2010 08:38 AM ET
NEW YORK (Reuters) - U.S. stock index futures held losses after weekly jobless claims data and producer prices index.

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Jobless claims drop 24,000 last week
April 22, 2010 08:36 AM ET
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance fell as expected last week, resuming a downward trend that had been interrupted by the Easter holiday, government data showed on Thursday.

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CenturyTel to buy Qwest in all-stock deal
April 22, 2010 07:50 AM ET
NEW YORK (Reuters) - Rural phone company CenturyTel Inc said it will buy Qwest Communications International Inc for about $10.6 billion in stock.

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PepsiCo revenue misses Street view
April 22, 2010 07:54 AM ET
NEW YORK (Reuters) - PepsiCo Inc posted a better-than-expected quarterly profit, but its revenue fell short of Wall Street expectations, hurt by ongoing weakness in its Americas beverage business.

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Greek 2009 deficit turns out higher, euro falls
April 22, 2010 08:12 AM ET
BRUSSELS (Reuters) - Greece's 2009 budget deficit was far larger than expected and the data may yet be revised again due to its unreliability, the European Union's statistics office said, sending the euro lower and Greek debt spreads wider.

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Verizon profit falls, subscriber growth weak
April 22, 2010 08:11 AM ET
NEW YORK (Reuters) - Verizon Communications Inc posted a smaller quarterly profit, as it took a hefty charge and subscriber growth slowed down more dramatically than Wall Street analysts expected.

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Geithner says parts of U.S. economy "very strong"
April 22, 2010 08:14 AM ET
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner says some parts of the U.S. economy are "very strong" and that the United States was rebounding from recession more quickly than most other major economies.

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Kimberly-Clark sees costs weighing on profit
April 22, 2010 07:53 AM ET
CHICAGO (Reuters) - Kimberly-Clark Corp said higher costs for materials and other factors will weigh on profit this year as it posted lower first-quarter earnings.

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Continental Air posts larger-than-expected loss
April 22, 2010 07:36 AM ET
NEW YORK (Reuters) - Severe winter weather and higher fuel costs pinched Continental Airlines Inc's first-quarter results on Thursday and the company posted a larger-than-expected loss despite a jump in revenue.

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Moody's cuts Toyota rating on recall costs
April 22, 2010 07:26 AM ET
TOKYO (Reuters) - Moody's cut its credit rating on Toyota Motor Corp by one notch, predicting a long slump in profitability and potential litigation costs for a massive recall that has tarnished the Japanese automaker's brand.

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