Reuters - Business Today

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Thursday, June 15, 2017

Wall St. to open lower as tech, bank stocks drop

(Reuters) - U.S. stocks were on track to open lower on Thursday as a drop in technology and bank stocks weighed, while investors fretted about the Federal Reserve's outlook on monetary policy amid weak economic data.

U.S. jobs market firming; inflation pressures easing

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, pointing to shrinking labor market slack that could allow the Federal Reserve to raise interest rates again this year despite moderate inflation growth.

Fed raises rates, unveils balance sheet cuts in sign of confidence

WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market.

Uber's trucking ambitions in lower gear after Otto deal

SAN FRANCISCO (Reuters) - Uber Technologies Inc's drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling $700-billion industry.

Bank of America to lay off more workers

(Reuters) - Bank of America Corp has begun laying off employees in its operations and technology division, part of the second-largest U.S. bank's plan to cut costs.

Oil hits six-week low as OPEC fails to curb oversupply

LONDON (Reuters) - Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about OPEC's ability to implement agreed production cuts.

Messaging startup Slack said to draw interest from Amazon: Bloomberg

(Reuters) - Slack Technologies Inc, a corporate messaging and collaboration software startup, has received inquiries about a potential takeover from technology companies including Amazon.com Inc , Bloomberg reported on Thursday.

BP's Dudley seen reigning for years to restore major's might

LONDON (Reuters) - When BP boss Bob Dudley clinched a final deal to settle litigation over the deadly Deepwater Horizon disaster, many oil industry executives and investors thought his mission was accomplished.

Fiat Chrysler recalling 297,000 vehicles for inadvertent air bag deployments

(Reuters) - Fiat Chrysler Automobiles NV is recalling 297,000 older minivans in North America because of a wiring problem that can lead to inadvertent air bag deployments, the company said in a statement on Thursday.

British Airways CEO puts cost of recent IT outage at 80 million pounds

MADRID (Reuters) - A technological failure which stranded tens of thousands of British Airways (BA) passengers in May will cost the company around 80 million pounds ($102.19 million), Willie Walsh, chief executive of BA parent International Airlines Group (IAG), said on Thursday.