Reuters - Business Today

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Thursday, August 10, 2017

U.S. jobless claims rise; labor market still tightening

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained consistent with a tightening labor market.

North Korea nerves push stocks down for third day, lift gold

LONDON (Reuters) - World stocks fell for a third day on Thursday and investors moved again into the Swiss franc, yen and gold as North Korea ratcheted up tensions with the United States with a threat to land a missile just short of the U.S. territory of Guam.

Macy's quarterly comparable sales top estimates

(Reuters) - Department store operator Macy's Inc joined rival Kohl's Corp in reporting a smaller-than-expected decline in quarterly comparable sales.

Kohl's quarterly profit, comp sales beat estimates

(Reuters) - Department store operator Kohl's Corp reported better-than-expected quarterly profit and comparable sales, helped by a sales boost in the final month of the quarter and cost cuts, sending its shares up 4 percent in premarket trading.

Kaspersky Lab to withdraw Microsoft antitrust complaints

SAN FRANCISCO (Reuters) - Moscow-based cyber security firm Kaspersky Lab said on Wednesday it would withdraw antitrust complaints made in Europe against Microsoft after the U.S. technology giant agreed to change how it delivers security updates to Windows users.

Buoyant bitcoin stirs crypto-bubble fears

LONDON (Reuters) - Bitcoin and other "cryptocurrencies" are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined.

Developers file antitrust complaint against Apple in China

BEIJING (Reuters) - A Chinese law firm has filed a complaint against Apple Inc on behalf of 28 local developers alleging the firm breached antitrust regulations.

MetLife seeks changes to protect interest payments, dividends

(Reuters) - MetLife Inc is asking some bond investors and shareholders to approve changes that are necessary for the insurer to make interest payments as usual, and continue returning capital to common shareholders, following its recent Brighthouse Financial Inc spinoff.

Toshiba wins auditor sign-off, likely avoiding delisting for now

TOKYO (Reuters) - Toshiba Corp has likely avoided immediate delisting after its auditor signed off on its financial results albeit with criticism of its governance, yet its future remains uncertain with no progress in talks to sell its chips unit for much-needed cash.

Toymaker Lego returns to Danish roots with sudden CEO switch

COPENHAGEN (Reuters) - Lego abruptly removed its chief executive Bali Padda after just eight months on Thursday, replacing the 61-year-old Briton with a younger Danish industrialist in a battle to become the world's biggest toymaker.