Reuters Business Today: March 16, 2017

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Thursday, March 16, 2017

U.S. jobless claims fall as labor market tightens

WASHINGTON, (Reuters) - The number of Americans filing for unemployment benefits fell last week, pointing to a further tightening in the labor market.

Fed raises rates as job gains, firming inflation stoke confidence

WASHINGTON (Reuters) - The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.

Futures up on Fed's dovish rate-hike outlook

(Reuters) - U.S. stock index futures rose on Thursday after the Federal Reserve raised interest rates for the first time this year, but indicated it was in no hurry to increase the pace of tightening.

Yahoo cyber indictment shows Kremlin, hackers working hand-in-hand

(Story corrects first name of U.S. Senator Warner to Mark, not John in 15th paragraph of March 15th item.)

Britain asks regulator to investigate Sky takeover by Murdoch's Fox

LONDON (Reuters) - The British government said on Thursday it would refer Rupert Murdoch's planned takeover of European pay-TV group Sky to regulators to decide if the deal was in the public interest.

Fed rate moves could spell end to Asian easing

SINGAPORE (Reuters) - The long cycle of falling interest rates in Asia could be over after the U.S. Federal Reserve's third rate rise in 15 months was followed quickly by monetary tightening in the world's second-biggest economy, China.

Tesla to raise about $1.15 billion in stock, notes; Musk to buy shares

SAN FRANCISCO (Reuters) - Tesla Inc said on Wednesday it expects to raise about $1.15 billion from a stock and senior notes offering, an infusion of needed capital as the electric car maker enters pre-production of its upcoming Model 3 electric sedan.

Dollar General beats sales estimates, to hike store managers' pay

(Reuters) - U.S. discount retailer Dollar General Corp reported better-than-expected quarterly sales and said it would raise wages for store managers, replicating similar moves by larger retailers such as Wal-Mart .

Hedge funds to reap big stock gains from bankruptcy of coal miner Peabody

CHICAGO/WILMINGTON, Del (Reuters) - When leading U.S. coal miner Peabody Energy Corp emerges from bankruptcy next month, a group of seven investment funds could reap hundreds of millions of dollars in gains from an unusual sale of discounted company stock.

3M to buy Johnson Control's safety gear business

(Reuters) - 3M Co said on Thursday it would buy Johnson Control International Plc's safety gear business, Scott Safety, in deal with an enterprise value of $2 billion.

Reuters Business Today: March 16, 2017

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