Reuters - Business Today

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Tuesday, May 16, 2017

U.S. housing starts unexpectedly fall for second straight month

WASHINGTON - U.S. homebuilding unexpectedly fell in April amid a persistent decline in the

Euro climbs on integration hopes as Trump furor knocks dollar

LONDON (Reuters) - The euro hit a six-month peak and German stocks touched a record high on Tuesday as signals on further European integration contrasted with political turmoil and fresh doubts about the economy in the United States.

Ford to cut North America, Asia salaried workers by 10 percent: source

WASHINGTON/DETROIT (Reuters) - Ford Motor Co plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters on Monday.

Researchers say global cyber attack similar to North Korean hacks

SEOUL/WASHINGTON (Reuters) - Cybersecurity researchers have found evidence they say could link North Korea with the WannaCry cyber attack that has infected more than 300,000 computers worldwide, as global authorities scrambled to prevent hackers from spreading new versions of the virus.

Home Depot's profit tops estimates as customer spending rises

(Reuters) - Home Depot Inc , the No. 1 U.S. home improvement chain, reported higher-than-expected quarterly profit and same-store sales on Tuesday, as customers spent more in its stores.

Yahoo to buy back $3 billion shares

(Reuters) - Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares, ahead of the company's pending deal with Verizon Communications Inc.

U.S. home appliances shipments rise 13.7 percent year-on-year in April

STOCKHOLM (Reuters) - Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 13.7 percent year-on-year in April, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Monday.

Oil rises on expectations of extended supply curbs

LONDON (Reuters) - Oil prices extended gains on Tuesday after top producers Saudi Arabia, Russia and Kuwait supported prolonging supply cuts until the end of March 2018 in an effort to drain a global glut.

Absent from America, French cars drive into Iran election

LONDON/PARIS/FRANKFURT (Reuters) - French carmakers PSA and Renault are turning their U.S. absence into an Iranian advantage by piling into a resurgent market still off-limits to foreign rivals fearful of sanctions under Donald Trump's administration.

Japan urges Toshiba, Western Digital to get along as chip spat flares

TOKYO (Reuters) - Japan's government said on Tuesday it wanted Toshiba Corp and partner Western Digital Corp to cooperate, expressing concern about an escalating dispute between the two that threatens to upend the sale of Toshiba's chip unit.