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Friday, July 7, 2017

Futures extend gains after strong U.S. jobs data

(Reuters) - U.S. stock index futures extended gains on Friday after a Labor Department report showed that 222,000 jobs were added in the public and private sector in June, far higher than economists' estimate of 179,000.

Central banks in focus as oil slump, spiking bond yields dent risk appetite

LONDON (Reuters) - World stocks are poised to end the week at six-week lows in the face of oil weakness, a spike in bond yields and anticipation of tighter monetary policy, particularly in the United States.

U.S. job growth accelerates in June, but wages continue to lag

WASHINGTON, (Reuters) - U.S. job growth surged more than expected in June and employers increased hours for workers, signs of labor market strength that could keep the Federal

Let's make a deal: Automakers, U.S. auctions align to prop up used car prices

CARLETON, Mich. (Reuters) - Two lanes apart at a noisy, fast-paced auto auction near Detroit, two vehicles show why major U.S. automakers have a problem with used cars.

Berkshire Hathaway Energy to buy Oncor

(Reuters) - Berkshire Hathaway Energy, a unit of Warren Buffett's Berkshire Hathaway Inc, said on Friday it would acquire Oncor Electric Delivery Company LLC in a deal that puts Oncor's equity value at about $11.25 billion.

Tesla wins giant battery contract in Australia, has 100-day deadline

SYDNEY (Reuters) - Tesla Inc has won an Australian contract to install the world's biggest grid-scale battery, in what experts say will be a litmus test for the reliability of large-scale renewable energy.

Toshiba under pressure to consider 'Plan B' as chip sale falters: sources

TOKYO (Reuters) - As the $18 billion sale of Toshiba Corp's memory chip unit to a government-approved consortium falters, some bankers and potential investors are pressing the board to seriously consider alternatives, people with direct knowledge of the sale process said - including picking a new buyer.

Elliott Advisors makes fresh legal move against Akzo Nobel's chairman

AMSTERDAM (Reuters) - Activist hedge fund Elliott Advisors has filed a second lawsuit in its attempt to oust the chairman of Dutch paints group Akzo Nobel over his rejection of a 26.3 billion-euro ($30 billion) takeover proposal from U.S. group PPG Industries .

U.S. seeks funds tied to North Korea from eight big banks

(Reuters) - U.S. authorities have tried to seize millions of dollars associated with several companies that deal with North Korea, including the country's military, from eight large international banks, according to court filings made public on Thursday.

Austria plans to end Eurofighter program early amid row with Airbus

VIENNA (Reuters) - Austria plans to end its Eurofighter jet program early and replace it with a cheaper alternative fleet of aircraft bought or leased from another government, its defense minister said on Friday, amid a legal battle over the jets with Airbus .