Reuters - Business Today

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Thursday, June 8, 2017

Jobless claims drop; labor market slack shrinking

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, unwinding half of the prior period's jump and suggesting the labor market was tightening despite a recent slowdown in job growth.

Italy rally soothes Europe's UK election, ECB jitters

LONDON (Reuters) - European stocks climbed but the euro and pound sagged as markets readied for a triple dose of excitement - an ECB signal of its next moves, a British election and testimony by the ex-FBI chief Donald Trump fired last month.

ECB keeps money taps open but drops reference to rate cuts

TALLINN/FRANKFURT (Reuters) - The European Central Bank kept its money taps wide open on Thursday but dropped a reference to possible interest rate cuts, an unexpectedly hawkish move as euro zone growth accelerates.

Boeing studies pilotless planes as it ponders next jetliner

SEATTLE (Reuters) - Boeing Co is looking ahead to a brave new world where jetliners fly without pilots and aims to test some of the technology next year, the world's biggest plane maker said in a briefing ahead of the Paris Airshow.

Small is lucrative for Wachtell, corporate America's legal defense force

NEW YORK (Reuters) - Every Tuesday, partners and associates at Wachtell, Lipton, Rosen & Katz gather for a communal lunch in the dining room of the law firm's Manhattan offices.

U.S. business group urges trade fixes ahead of China's party congress

BEIJING (Reuters) - A U.S. business lobby in China said on Thursday that Washington should use leverage afforded by China's desire to avoid trade frictions with the United States ahead of its Communist Party Congress this fall in order to fix market access discrepancies.

Nissan to make automatic emergency braking standard in one million U.S. cars

(Reuters) - Nissan Motor Co Ltd said on Thursday it will make automatic emergency braking (AEB) standard on an estimated one million vehicles sold in the United States for model year 2018.

Oil falls for second day as concern grows over supply

LONDON (Reuters) - Oil fell for a second day on Thursday to hit one-month lows after an unexpected surge in U.S. inventories and the return of more Nigerian crude aggravated investor concerns about an already oversupplied market.

Forestar says D.R. Horton's offer could be superior to Starwood bid

(Reuters) - Forestar Group Inc said on Thursday U.S. homebuilder D.R. Horton Inc's offer to buy a majority of the real estate developer could be superior to Starwood Capital Group's bid to buy Forestar.

Samsung Electronics to invest $300 million for U.S. appliances factory: Korea Economic Daily

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd plans to invest $300 million to build an appliances factory in the United States, the Korea Economic Daily reported on Thursday citing unnamed sources.