Dunkin' Brands Group Inc said it would shut 100 Dunkin' Donuts stores in the United States in 2015 and 2016, sending the company's shares down almost 13 percent on Thursday.

The company also maintained its full-year forecast of adjusted earnings of $1.87-$1.91 per share, according to an investor day presentation.

Analysts on average were expecting earnings of $1.92 per share, according to Thomson Reuters I/B/E/S.

 

 

 

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U.S. stocks fell in early trading on Thursday as a sharp decline in Apple's (O:AAPL) shares weighed on the three major indexes.

Apple was down 2.1 percent at $107.9 at 10:06 a.m. ET, erasing opening gains for U.S. stocks.

Global markets were upbeat after data from China was not as bad as feared and investors awaited a barrage of U.S. data.

Factory activity in China shrank again in September, leading some investors to believe that the government will be more aggressive in its measures to boost the health of the world's second-largest economy.

Global investors will be looking to put a bruising quarter behind them – U.S. stocks posted their worst quarter in four years, while the Shanghai stock market plunged about 25 percent.

"Historically, the third quarter tends to be a difficult quarter and the fourth quarter tends to be the best quarter of the year," said Randy Frederick, managing director of trading and derivatives for Charles Schwab (NYSE:SCHW) in Austin, Texas.

Investors will be parsing data released this week, with the crucial non-farm payroll numbers due on Friday, for clues on the timing of an interest rate hike by the U.S. Federal Reserve.

Data showed the number of Americans filing new applications for jobless benefits rose modestly last week.

 

 

 

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1. The world economy lost momentum in September, with China's vast factory sector shrinking again and euro zone manufacturing growth weakening slightly, both casualties of waning global demand. The latest business surveys across Asia and Europe paint a darkening picture and are likely to prompt more calls for central banks around the world to loosen monetary policy even further.

2. Wall Street opened slightly higher on Thursday after surveys showed Chinese manufacturing activity was stronger than feared and investors awaited a raft of U.S. economic data.

U.S. weekly jobless claims data pointed to ongoing tightening in the labor market.

3. Manufacturing activity in the U.S. slowed again in September raising fears that the Federal Reserve could delay raising interest for longer, according to data on Thursday.

The Institute for Supply Management said its index of purchasing managers fell to 50.2 last month from a reading of 51.1 in August. Analysts had expected a more modest decline to 50.6.

4. The U.S. dollar dropped to one-week lows against its Canadian counterpart on Thursday, after the release of disappointing U.S. jobless claims data and as investors eyed an upcoming report on U.S. manufacturing activity.

5. Gold prices were trading at the lowest levels in more than two weeks on Thursday after data pointing to strong gains in U.S. private sector jobs growth last month underlined expectations for higher interest rates from the Federal Reserve.

 

 

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1. U.S. stocks opened higher on Wednesday after data showed a better-than-expected rise in private sector jobs in September, fueling hopes for a strong reading in Friday's payrolls report.

The Dow Jones industrial average rose 93.07 points, or 0.58 percent, to 16,142.2, the S&P 500 gained 13.69 points, or 0.73 percent, to 1,897.78 and the Nasdaq composite added 58.39 points, or 1.29 percent, to 4,575.72.

2. Manufacturing activity in the Chicago-area contracted unexpectedly in September, dampening optimism over the U.S. economic outlook, industry data showed on Wednesday.

In a report, market research group Kingsbury International said its Chicago purchasing managers’ index tumbled by 5.7 points to a seasonally adjusted 48.7 this month from a reading of 54.4 in August. Analysts had expected the index to fall 1.4 points to 53.0 in September.

3. Oil prices slipped on Wednesday after an unexpectedly big build in U.S. crude inventories, further evidence of an oversupply that has helped halve global spot prices over the last year.

U.S. crude oil stockpiles rose by 4.6 million barrels in the week to Sept. 25, the American Petroleum Institute (API) said, well above a modest increase of 100,000 barrels that analysts polled by Reuters had forecast.

4. The dollar pushed higher against the other major currencies on Wednesday, after data showed that U.S. non-farm private employment rose more than expected in September and as investors eyed a speech by Federal Reserve Chair Janet Yellen scheduled later in the day.

5. U.S. natural gas futures declined on Wednesday, as market participants looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.

Natural gas for delivery in November on the New York Mercantile Exchange shed 2.5 cents, or 0.97%, to trade at $2.561 per million British thermal units during U.S. morning hours.

 

 

 

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U.S. private employers added 200,000 jobs in September, beating economists' expectations and suggesting there might be enough jobs growth for the Federal Reserve to raise interest rates later this year, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 194,000 jobs. Private payroll gains in August were revised down to 186,000from an originally reported 190,000 increase.

The report is jointly developed with Moody's Analytics. The ADP figures come ahead of the U.S. Labor Department's more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.

Economists polled by Reuters projected U.S. employers hired 203,000 workers in September, improving from August's 173,000 increase which was the smallest in five months. The unemployment rate was forecast to hold at 5.1 percent, a near 7-1/2 year low.

 

 

 

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1. U.S. stocks open higher on Tuesday, recovering some of their previous day's losses stemming from a selloff in shares of biotechs and raw materials producers. The Dow Jones industrial average was up 29.23 points, or 0.18 percent, at 16,031.12, the S&P 500 was up 4.11 points, or 0.22 percent, at 1,885.88 and the Nasdaq composite was up 11.08 points, or 0.24 percent, at 4,555.04.

2. Volkswagen (XETRA:VOWG) announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand following the scandal over its rigging of emissions tests. New Chief Executive Matthias Mueller said the German carmaker would ask customers "in the next few days" to have diesel vehicles that contained illegal software refitted, a move which some analysts have said could cost more than $6.5 billion.

Europe's biggest carmaker has admitted cheating in diesel emissions tests in the United States and Germany's transport minister says it also manipulated them in Europe, where Volkswagen sells about 40 percent of its vehicles.

3. The dollar moved higher against the other major currencies on Tuesday, amid growing concerns over China's economy and despite uncertainty over a potential U.S. rate hike this year as investors eyed upcoming U.S. consumer sentiment data. The dollar was steady against the yen, with USD/JPY at 119.96.

4. U.S. consumer confidence improved to an eight-year peak in September, boosting optimism over the health of the economy and supporting the case for a U.S. interest rate hike this year, industry data showed on Tuesday.

5. Oil prices rose on Tuesday after evidence of tightening supplies in the United States, the world's biggest oil consumer, outweighed concerns for the health of the Chinese economy.

China's giant manufacturing sector is shrinking, economists say, as domestic demand falters, fanning worries that its economy may be slowing more sharply than feared. Asian stock markets skidded to 3-1/2-year lows on Tuesday and the dollar sagged.

 

 

 

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1. U.S. stock index futures were lower on Monday as investors awaited consumer spending data for August amid uncertainty around the timing of an interest rate hike.

Several Federal Reserve officials are scheduled to speak this week, including New York Fed President William Dudley on Wednesday. The focus will firmly be on U.S. monetary policy after strong second-quarter U.S. GDP data released on Friday sharpened the case for a 2015 hike. Fed Chair Janet Yellen has said she expects rates to be raised this year.

2. U.S. consumer spending grew briskly in August and a key measure of inflation firmed a bit, signs of strength in America's domestic economy that could lead the Federal Reserve to tighten interest rates despite weakness abroad.

The Commerce Department said on Monday consumer spending increased 0.4 percent after an upwardly revised 0.4 percent rise in July. The data suggests the strong consumer spending that bolstered the economy in the second quarter carried over into the third.

3. Upscale food market operator Whole Foods Market Inc (NASDAQ:WFM) said it would cut about 1,500 jobs, or about 1.6 percent of its workforce, over the next eight weeks.

The cuts are aimed at reducing costs as the company invests in technology upgrades, Whole Foods said in a filing. The affected positions were mainly in stores, but "back of house" positions that were not customer facing, the company said in an email to Reuters.

4. Oil prices eased on Monday, paring some of last week's 2 percent rally, despite evidence of slowing U.S. production and a fourth weekly increase in U.S. investor holdings of crude futures.

High oversupply and concern about demand growth in emerging markets and elsewhere have stripped 50 percent off the value of a barrel of oil over the last year and kept the price below $50 for most of the past nine weeks.

5. The dollar held steady against the other major currencies on Monday, as expectations for an upcoming U.S. rate hike continued to support the greenback and as investors eyed comments by several Federal Reserve officials scheduled later in the day.

 

 

 

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