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 Business Update: Asia dips Asia chipmakers rebound Ash crisis creates turbulent skies 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article

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