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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