Breaking business news for July 13, 2017

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Thursday, July 13, 2017

Futures higher after Yellen's rate hike view

(Reuters) - U.S. stock index futures were higher on Thursday, a day after Federal Reserve Chair Janet Yellen's dovish stand on interest rates allayed investor fears of a tighter monetary policy.

Qatar Airways still pursuing American Airlines stake after code share hitch

(Reuters) - Qatar Airways said it will go ahead with plans to buy a stake in American Airlines Inc even though the U.S. carrier is ending their code-share agreement.

Trump's Fed nominee has history of benefiting from bailouts

(Reuters) - President Donald Trump's pick to lead bank supervision at the Federal Reserve benefited from the government bailing out or rescuing two banks during the 2008 financial crisis, but that may not prevent his confirmation by a U.S. Senate controlled by a business-friendly Republican party, policy analysts told Reuters in recent days.

BlackRock cuts fees, builds bond indexes in bid 'to be ubiquitous'

NEW YORK (Reuters) - The world's largest asset manager BlackRock Inc on Thursday launched four bond exchange-traded funds and cut fees on another in an effort to lure more investors to its products from traditional debt markets.

Delta's passenger unit revenue rises, but profit tumbles

(Reuters) - Delta Air Lines Inc on Thursday reported an increase in quarterly passenger unit revenue, a closely watched metric, but higher costs weighed on its bottom line.

Target forecasts rise in second-quarter comp sales, higher profit

(Reuters) - Target Corp said on Thursday it expects a "modest" increase in second-quarter comparable sales, the first rise in five quarters, helped by improved traffic and sales trends in the first two months of the quarter ending July.

Germany summons Daimler to address emissions allegations

BERLIN (Reuters) - A German government committee investigating carmakers has summoned Daimler for a meeting on Thursday to address allegations it sold cars with excessive emissions, the transport ministry said.

French government to appeal pro-Google court tax ruling

PARIS (Reuters) - The French government said on Thursday it would appeal against a court ruling in Google's favour with regard to 1.1 billion euros ($1.25 billion) in tax.

Uber and Yandex to combine ride-hailing in Russia and beyond

FRANKFURT/MOSCOW (Reuters) - Uber and Yandex, the "Google of Russia", have agreed to combine their Russian ride-sharing businesses, with Yandex becoming the leading partner in a deal that extends to five neighboring markets.

CBS News forms editorial partnership with BBC

(Reuters) - CBS News, the news division of CBS Corp , said on Thursday it signed a new editorial and newsgathering partnership with the BBC.

Breaking business news for July 13, 2017

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