Reuters - Business Today

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Friday, May 5, 2017

U.S. job growth rebounds sharply, unemployment rate hits 4.4 percent

WASHINGTON (Reuters) - U.S. job growth rebounded sharply in April and the unemployment rate dropped to a near 10-year low of 4.4 percent, signs of a tightening labor market that could seal the case for an interest rate increase next month despite moderate wage growth.

With Obamacare vote, House Republicans free to turn to tax reform

WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives plans to turn to tax reform in earnest, after concluding a lengthy healthcare debate this week with a vote to repeal and replace Obamacare.

TransCanada profit beats on U.S., Mexican pipeline businesses

(Reuters) - Canada's No. 2 pipeline operator, TransCanada Corp , reported a better-than-expected quarterly profit, helped by higher earning from its U.S. and Mexican natural gas pipelines business.

Drop in diesel car demand could put brakes on autos finance boom

LONDON/FRANKFURT (Reuters) - A plunge in sales of diesel cars in Europe's two biggest markets is helping to drive down the value of used vehicles, posing a risk to the lucrative financing plans used by major automakers to sell millions of cars. Graphic: http://tmsnrt.rs/2qzZUEz

With maiden jet flight, China enters dog-fight with Boeing, Airbus

SHANGHAI (Reuters) - China's home-grown C919 passenger jet completed its long-delayed maiden flight on Friday, a major first step for Beijing as it looks to raise its profile in the global aviation market and boost high-tech manufacturing at home.

Oil spill leaves commodities spinning, safe-havens shine

LONDON (Reuters) - A slump in oil prices to the lowest in almost six months rattled markets on Friday, prompting a rally in safe-haven bonds, the yen and gold and taking the shine off a record-breaking week for world stocks.

ChemChina clinches landmark $43 billion takeover of Syngenta

ZURICH (Reuters) - ChemChina [CNCC.UL] has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the two companies said on Friday.

Delta apologizes for forcing family off flight

(Reuters) - Delta Air Lines apologized on Thursday after a couple said they were kicked off an overbooked flight with their two toddlers so their seats could be given to waiting passengers, the latest U.S. airline to apologize over incidents on board their flights.

NYC coffee shop sues Starbucks over Unicorn beverage

(Reuters) - Starbucks Corp may be in a bit of hot water over its Unicorn beverage as a New York City coffee shop has filed a federal trademark infringement lawsuit against the coffee chain over the popular drink, court documents showed.

AllianzGI CEO on wave of populism: 'More worried than I've ever been'

LUXEMBOURG (Reuters) - The explosion of populism that swept Donald Trump into the White House and triggered Brexit has made for the most worrying political climate in decades and greatly increased uncertainty for investors, the CEO of Allianz Global Investors said.