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U.S. jobless claims hit more than 44-year low

Reuters Business News - Thu, 10/19/2017 - 09:23
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.
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Stocks stumble off all-time highs, kiwi takes a dive

Reuters Business News - Thu, 10/19/2017 - 09:22
LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1988 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves about Spain.
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Saudi needs Aramco billions as recession slows austerity drive

Reuters Business News - Thu, 10/19/2017 - 09:19
DUBAI (Reuters) - Saudi Arabia's plans to sell state assets - including a stake in energy giant Saudi Aramco - are becoming even more important to its finances as a recession slows Riyadh's effort to close a budget deficit caused by low oil prices.
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Technology stocks set to weigh on Wall Street

Reuters Business News - Thu, 10/19/2017 - 09:15
(Reuters) - Wall Street was set to open lower on Thursday, a day after the major indexes scaled new highs, as heavyweight technology stocks Apple and eBay slipped.
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U.S. jobless claims drop to more than 44-year low

Reuters Business News - Thu, 10/19/2017 - 08:40
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.
Categories: Reuters

Rosneft's Sechin says no watershed in oil market, U.S. shale oil a risk

Reuters Business News - Thu, 10/19/2017 - 08:12
VERONA, Italy (Reuters) - A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market in 2018, the head of Russia's Rosneft, Igor Sechin, said on Thursday.
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Japan carmakers vouch for safety of Kobe Steel's aluminum parts

Reuters Business News - Thu, 10/19/2017 - 08:11
TOKYO (Reuters) - Four Japanese automakers on Thursday said they found no safety issues with aluminum parts supplied by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.
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Verizon quarterly profit meets estimates as subscribers rise

Reuters Business News - Thu, 10/19/2017 - 07:50
NEW YORK (Reuters) - Verizon Communications Inc's quarterly profit met Wall Street analyst estimates as the No. 1 U.S. wireless carrier added subscribers.
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Futures lower as technology stocks dip

Reuters Business News - Thu, 10/19/2017 - 07:39
(Reuters) - U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash.
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Amazon offered billions in tax breaks for second U.S. headquarters

Reuters Business News - Thu, 10/19/2017 - 07:09
(Reuters) - U.S. cities are offering Amazon.com Inc at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.
Categories: Reuters

Japan carmakers vouch for safety of some Kobe Steel parts; company future uncertain

Reuters Business News - Thu, 10/19/2017 - 06:56
TOKYO (Reuters) - Three Japanese automakers on Thursday said they found no safety issues with aluminum parts made by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.
Categories: Reuters

Nissan says to suspend all Japanese car production

Reuters Business News - Thu, 10/19/2017 - 06:47
YOKOHAMA (Reuters) - Nissan said on Thursday it was suspending all car production in Japan after finding that some final vehicle checks were still being carried out by uncertified inspectors at three of its plants.
Categories: Reuters
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