03/28/13 The Raw Business News Feed

THE RAW BUSINESS NEWS FEED

• U.S. Stocks Little Changed After GDP, Jobless Claims Data _{2013-03-28, 10:18 am}
  U.S. stocks were little changed, with the Standard & Poor's 500 Index trading two points below its record high, as reports showed an increase in jobless claims and economic growth that slowed less than previously estimated.
• Jobless Claims in U.S. Increase More Than Forecast _{2013-03-28, 10:18 am}
  More Americans than projected filed applications for unemployment benefits last week, bringing a halt to the recent progress in the labor market.
• Gold Declines in Worst Run Since 2001 on Record Drop in ETPs _{2013-03-28, 10:18 am}
  Gold declined, heading for a second quarterly fall, as holdings in exchange-traded products slumped by the most on record and investors weighed the euro-area's debt crisis against prospects for a U.S. recovery.
• Economy in U.S. Grew at Revised 0.4% Pace in Fourth Quarter _{2013-03-28, 10:18 am}
  The U.S. economy grew at a faster pace than previously estimated in the fourth quarter, reflecting a bigger gain in business spending and a smaller trade gap.
• Clearwire to Take $80 Million in Financing Under Sprint Accord _{2013-03-28, 10:17 am}
  Clearwire Corp. is taking $80 million in financing from potential acquirer Sprint Nextel Corp.
• WTI Oil Fluctuates Near Five-Week High on U.S. GDP, Unemployment _{2013-03-28, 10:17 am}
  West Texas Intermediate crude fluctuated near a five-week high as the U.S. economy grew at a faster pace than previously estimated in the fourth quarter and more Americans than projected filed applications for unemployment benefits.
• Latecoere Plans Dual Supply Sites After 2012 Tunisian Disruption _{2013-03-28, 10:17 am}
  Latecoere SA, a French supplier to the world's major aircraft makers, said it will develop dual sources for many of its components after disruptions to production last year because of political unrest in Tunisia.
• Cyprus's Banks Open After Two Weeks as Controls Curb Panic _{2013-03-28, 10:17 am}
  Cyprus's banks opened for the first time in almost two weeks, with new rules curbing access to cash preventing an initial panic to withdraw deposits.
• Citigroup South Africa Chief Sees Gains as Corbat Eyes Exits _{2013-03-28, 10:17 am}
  Citigroup Inc.'s South Africa head, Donna Oosthuyse, said she's confident about future profits after Chief Executive Officer Michael Corbat said the bank may exit or scale back businesses in 21 nations.
• GS Yuasa Shares Tumble as More Batteries Overheat: Tokyo Mover _{2013-03-28, 10:17 am}
  GS Yuasa Corp., the Japanese maker of the batteries that overheated and led to the grounding of all Boeing Co.
• WTI Drops After Jobless Claims in U.S. Rise More Than Forecast _{2013-03-28, 10:17 am}
  West Texas Intermediate slipped from near its highest in five weeks after more Americans than projected filed applications for unemployment benefits.
• Accenture Falls as Revenue Forecast Falls Short of Estimates _{2013-03-28, 10:16 am}
  Accenture Plc, the world's second- largest technology-consulting company, fell in early trading after forecasting third-quarter sales that fell short of analysts' estimates.
• BlackBerry Reports Surprise Profit After Cutting Expenses _{2013-03-28, 10:16 am}
  BlackBerry, the Canadian smartphone maker that's attempting a turnaround, reported a surprise profit in the fourth quarter, helped by a cost-cutting program even as its sales missed analyst projections.
• Bovespa Futures Fluctuate as Traders Weigh Earnings Reports _{2013-03-28, 10:16 am}
  Bovespa-index futures swung between gains and losses after homebuilder Brookfield Incorporacoes SA reported an unexpected loss in the fourth quarter.
• Former Trader's Software Skips Visa to Battle Google Wallet _{2013-03-28, 10:16 am}
  Merchants paid an estimated $600 billion last year to let their customers use plastic to shop.
• UPS's Davis Nears Typical CEO Tenure as Kuehn Seen Next: Freight _{2013-03-28, 10:16 am}
  Since founder Jim Casey left United Parcel Service Inc. after more than five decades in charge, the company's chief executive officers have served for an average of 5 1/2 years.
• US growth is faster than expected _{2013-03-28, 09:10 am}
  The US economy grew at a faster than expected 0.4% in the fourth quarter of 2012, the Department of Commerce has said.
• Comcast to Double Speeds of Two of Its Most Popular XFINITY Internet... _{2013-03-28, 10:11 am}
  Comcast, the nation's largest Internet service provider, today announced it is increasing the speeds of two of its most popular XFINITY Internet speed plans, Blast! and Extreme 50, in Colorado for no additional cost.
• U.S. economy grew at slower pace in fourth quarter, revised data show _{2013-03-28, 10:04 am}
  The U.S. economy slowed less than previously estimated in the fourth quarter, reflecting a bigger gain in business spending and a smaller trade gap.
• S&P 500 index within reach of a record high _{2013-03-28, 09:55 am}
  In this Monday, March 25, 2013, file photo, Specialist Mario Picone, left, works with traders at his post on the floor of the New York Stock Exchange.