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Thursday, June 29, 2017

Stock futures flat ahead of GDP data

(Reuters) - U.S. stock index futures were little changed on Thursday, a day after the benchmark S&P 500 index scored its biggest one-day percentage gain in about two months, as investors awaited GDP and jobs data.

Walgreens scraps Rite Aid takeover, to buy half its stores

(Reuters) - Drugstore chain Walgreens Boots Alliance Inc terminated its deal to buy Rite Aid Corp after struggling to win antitrust approval, and said it would instead buy nearly half of the smaller rival's U.S. stores for $5.18 billion in cash.

Britain says Fox bid for Sky gives Murdoch too much power over news

LONDON (Reuters) - Britain intends to refer Rupert Murdoch's takeover of Sky to a full investigation because the deal raises concerns about the amount of influence the media mogul would wield.

U.S. first-quarter GDP growth revised up to 1.4 percent

WASHINGTON, June 29 (Reuters) - The U.S. economy slowed less sharply in the first quarter than initially estimated due to unexpectedly higher consumer spending and a bigger jump in exports.

U.S. jobless claims rise, labor market still buoyant

WASHINGTON, June 29 (Reuters) - The number of Americans filing for unemployment benefits edged up last week, but the underlying trend remained consistent with a tight labor market.

High-tech dashboards signal big changes for auto parts suppliers

SAN FRANCISCO (Reuters) - Peer at the instrument panel on your new car and you may find sleek digital gauges and multicolored screens. But a glimpse behind the dashboard could reveal what U.S. auto supplier Visteon Corp found: a mess.

'Hammer, hammer, hammer': Canada lobbies U.S. before NAFTA talks

CINCINNATI, Ohio (Reuters) - In the baking Ohio heat Canada's trade minister is trying to save NAFTA, one encounter at a time.

Western Digital says Toshiba's actions in chip spat harm customers

TOKYO (Reuters) - Western Digital Corp said on Thursday that legal action and other moves taken by Toshiba Corp in their dispute over the sale of its prized memory chip unit were harming Toshiba's stakeholders and customers.

Stuttgart prosecutors probe Porsche, Bosch about diesel emissions

FRANKFURT (Reuters) - Prosecutors in Stuttgart have launched a preliminary probe against employees at German sportscar maker Porsche AG to see whether they were involved in designing engine management software to cheat emissions tests.

Reuters poll: Small upside for U.S. stocks in second half, worries loom

NEW YORK (Reuters) - U.S. stocks will rise marginally in the second half of the year, although any future economic disappointments or deeper uncertainty over President Donald Trump's agenda could trigger a market pullback, a Reuters poll showed.