Breaking business news: U.S. jobless claims up less than expected as labor market tightens

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Thursday, October 26, 2017

U.S. jobless claims up less than expected as labor market tightens

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continued to tighten after recent hurricane-related disruptions.

Euro heads higher as ECB heads for the exit

LONDON (Reuters) - The euro climbed for a third day and stocks slipped to a month low on Thursday, as traders waited for formal confirmation from the European Central Bank that will take its biggest step yet in unwinding years of loose monetary policy.

Consumer groups join conservatives against AT&T deal for Time Warner

WASHINGTON (Reuters) - Seven groups ranging from the Tea Party Patriots to liberal consumer groups warned against AT&T's plan to buy Time Warner in a letter to Attorney General Jeff Sessions, saying the deal could give one company too much power over what Americans see on television.

Twitter nears first profitable quarter as it slashes expenses, shares jump

(Reuters) - Twitter Inc said on Thursday it could turn its first ever profit in the fourth quarter, after making sweeping cuts in expenses the past few months and finding sources of revenue beyond the advertising that dominates social media.

U.S. pickup truck sales lift Ford's margins, profits

DETROIT (Reuters) - Ford Motor Co reported a better-than-expected quarterly net profit on Thursday, driven largely by U.S. sales of its high-margin pickup trucks, and raised the low end of its full-year earnings forecast.

Wal-Mart launches shelf-scanning robots in about 40 stores

CHICAGO (Reuters) - Wal-Mart Stores Inc will roll out shelf-scanning robots in approximately 40 stores to replenish inventory faster on its shelves and save store employees time when products run out.

Tesla's seat strategy goes against the grain...for now

The seats on Tesla Inc's new Model X SUV were a mess. An outside contractor was having trouble executing the complicated design, spurring frustration and finger-pointing between Tesla and its supplier.

ConocoPhillips profit beats estimates, but budget cut 10 percent

HOUSTON (Reuters) - ConocoPhillips, the largest U.S. independent oil producer, reported a better-than-expected quarterly profit on Thursday helped by rising crude prices, though it slashed its capital budget to further cut costs.

Alphabet looks to snowy Michigan to test self-driving cars

WASHINGTON (Reuters) - Alphabet Inc's self-driving car unit Waymo is expanding winter testing as it works to address a potential blind spot for autonomous vehicles: snowy and icy conditions.

Exclusive: Saudi Aramco IPO on track for 2018 - Saudi crown prince

RIYADH (Reuters) - Saudi Aramco's initial public offering is on track for next year and the national oil giant could be valued at more than $2 trillion, Saudi Arabia's Crown Prince Mohammad bin Salman told Reuters in an interview.

Breaking business news: U.S. jobless claims up less than expected as labor market tightens

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