Reuters - Business Today

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Thursday, September 21, 2017

U.S. jobless claims fall; hurricanes still impacting data

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, but the data continued to be influenced by Hurricanes Harvey and Irma, muddying the labor market picture in the near term.

SEC says hackers may have traded using stolen insider information

WASHINGTON (Reuters) - The top U.S. markets regulator said on Wednesday that hackers accessed its corporate disclosure database and may have illegally profited by trading on the insider information stolen.

Google bets anew on smartphones, pays $1.1 billion for HTC's Pixel division

TAIPEI/SAN FRANCISCO (Reuters) - Alphabet Inc's Google said it would pay $1.1 billion for the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones - its second major foray into phone hardware after an earlier costly failure.

Toys 'R' Us plans holiday hires including toy demonstrators

(Reuters) - Toys "R" Us Inc, the U.S. toy retailer that filed for bankruptcy protection this week, said on Thursday it is hiring part-time seasonal workers to staff its stores for the holidays, including for a new position of toy demonstrator.

Wells Fargo CEO due to testify before Senate banking panel October 3

WASHINGTON (Reuters) - Tim Sloan, the chief executive officer of Wells Fargo , is due to testify before the Senate Banking Committee on October 3, said sources familiar with the scheduled meeting.

What is at stake for Uber in U.S. bribery probe?

SAN FRANCISCO (Reuters) - A U.S. bribery investigation at ride-hailing company Uber Technologies Inc [UBER.UL] will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems.

EU eyes solo move to increase tax on online giants, risking U.S. anger

BRUSSELS (Reuters) - The European Commission said on Thursday it may seek to implement tax reform to raise more revenue from online giants without the backing of the United States and other rich nations, in a move that could spark a new transatlantic dispute.

Road to electric car paradise paved with handouts

JUDABERG, Norway (Reuters) - The Norwegian island of Finnoey has the highest density of electric cars in the world. The reason? They are exempt from the $6,000-a-year toll charges for the tunnel to the mainland.

ECB may ask fintech banks to hold bigger buffers

FRANKFURT (Reuters) - High-tech banks looking to enter the fintech zone may be asked to hold bigger liquidity and capital buffers due to the unique nature of their risks, the European Central Bank said in draft licensing guidelines on Thursday.