Reuters - Business Today

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Thursday, January 25, 2018

Stock futures higher with ECB, earnings on tap

NEW YORK (Reuters) - U.S. stock index futures advanced on Thursday as corporate earnings continue to roll in and investors awaited a flurry of economic data and an interest rate decision by the European Central Bank.

Red hot euro, time to meet ECB's Mr cool

LONDON (Reuters) - The euro steadied at a three-year high on Thursday and shares inched back as traders waited to see if the European Central Bank would try to cool the currency's hottest run in nearly four years.

At Davos, delegates talk down Trump but bet big on America

DAVOS, Switzerland (Reuters) - Since Donald Trump won the U.S. presidency, business has been booming for Monaco-based businessman Manfredi Lefebvre d'Ovidio.

U.S. jobless claims increase less than expected

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose less than expected last week, pointing to tightening labor market conditions.

Qualcomm signs $2 billion sales MOUs with Lenovo, Xiaomi, vivo and OPPO

(Reuters) - Qualcomm Technologies Inc has signed memorandums of understanding for sales worth at least $2 billion with top Chinese smartphone vendors, receiving vocal support from the firms as it fights an unsolicited buyout bid from Broadcom Ltd .

Caterpillar profit beats again as sales surge 35 percent

(Reuters) - Caterpillar Inc trounced forecasts for profit for the seventh straight quarter on Thursday as buoyant global demand and the recovery of commodities markets drove a 35 percent surge in sales of its construction and mining equipment.

American Airlines profit falls on higher operating expenses

NEW YORK (Reuters) - American Airlines on Thursday said its quarterly profit fell by $31 million from a year ago, as operating expenses swelled on the back of higher labor and fuel costs.

Sky says news is not a critical part of its business

LONDON (Reuters) - Sky said Sky News was not a "critical" part of its customer offer, and no longer owning the 24-hour news channel would not make a material difference to its business.

U.S. sparks fears of trade war as Trump arrives in Davos

DAVOS, Switzerland (Reuters) - A day after sending the dollar reeling with comments supportive of a weak U.S. currency, U.S Treasury Secretary Steven Mnuchin said the Trump administration was not seeking a trade war but would defend its economic interests.

Home Depot to pay staff bonus after tax overhaul

(Reuters) - Home Depot Inc said it would give its U.S. employees a new one-time cash bonus of up to $1,000 for hourly associates in the fourth quarter as the home improvement store chain takes advantage of changes in the U.S. tax code.