Breaking business news: Wall Street set to rise in muted holiday trading

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Thursday, December 28, 2017

Wall Street set to rise in muted holiday trading

(Reuters) - Wall Street was set to open higher in thin holiday trading on Thursday, helped by a rally in commodities and a weaker dollar.

U.S. jobless claims steady in latest week

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits was unchanged last week and the underlying trend remained consistent with a tightening labor market.

Exclusive: Apple and Amazon in talks to set up in Saudi Arabia - sources

RIYADH (Reuters) - Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Mohammed bin Salman's push to give the conservative kingdom a high-tech look.

IAG is remaining bidder for insolvent airline Niki: source

FRANKFURT (Reuters) - British Airways owner IAG is negotiating exclusively with Niki's insolvency administrator to take over the collapsed Austrian airline, a source close to the process said on Thursday.

Ex-lawyer for pharma executive Shkreli convicted of aiding fraud scheme

(Reuters) - A New York lawyer who once advised Martin Shkreli was convicted on Wednesday of helping him defraud a pharmaceutical company, a charge a different jury cleared the drug executive of when it found him guilty of securities fraud earlier this year.

Airbus seals $5.4 billion AerCap order for 50 A320neo planes

PARIS (Reuters) - European planemaker Airbus sealed on Thursday a formal order from AerCap for 50 Airbus A320neo planes, in a deal worth an estimated $5.4 billion at list prices.

Apple faces lawsuits after saying it slows down aging iPhones

SAN FRANCISCO (Reuters) - Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change.

South Korea prosecutors seek 12 years jail for Samsung heir Lee in corruption case

SEOUL (Reuters) - South Korean prosecutors sought a 12-year jail term on Wednesday for Samsung Electronics Vice Chairman Jay Y. Lee, in a corruption case that led to the ouster of the nation's president earlier this year.

Oil near mid-2015 highs on strong China data, tighter outlook

SINGAPORE/LONDON (Reuters) - Oil prices stood near their highest in two and a half years, supported by strong data from top importer China amid thin trading activity ahead of the New Year weekend.

Goldman Sachs picks Dublin for asset management unit post-Brexit: source

LONDON (Reuters) - Goldman Sachs has picked Dublin as a center for administrative staff in its asset management business following Britain's vote to leave the European Union, a source familiar with the matter said.

Breaking business news: Wall Street set to rise in muted holiday trading

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