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Business

  • Deal reached to sell supermarket chain to ex-CEO
    A New England supermarket chain that has been in turmoil for weeks over a workers’ revolt and customer boycott has announced that the former CEO is buying the company from rival relatives.
  • FBI investigating reports of attacks on US banks
    The FBI said Wednesday it’s working with the Secret Service to determine the scope of recently reported cyberattacks against several U.S. financial institutions.  A report on Bloomberg.
  • IMF chief faces probe for fraud
    PARIS – Christine Lagarde, the chief of the International Mon­e­tary Fund, was put under of­fi­cial investigation for negli­gence in a French corruption probe that dates back to her days as France’s
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US futures rise head of jobless claims report

NEW YORK (AP) — U.S. stock market futures are trading higher ahead of the Labor Department's weekly report on unemployment applications.

The data to be released at 8:30 a.m. Eastern, is likely to show a decline in those seeking unemployment assistance.

Dow Jones industrial average futures are up 47 points at 14,534. Nasdaq 100 futures added 11 points to 2,798. S&P 500 futures gained 6 to 1,554.50.

The major indexes fell sharply Wednesday following weak reports on hiring and service industries.

In currency trading, the dollar jumped about 2.7 percent against the Japanese yen, after the Bank of Japan announced a massive monetary stimulus plan.

Japanese stocks rallied on the plan. The Nikkei ended 2.2 percent higher. Stocks in Europe were mixed.

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