Reuters - Daily Investor Update

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Thursday, June 15, 2017

U.S. jobs market tightens; inflation pressures cooling

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.

U.S. files complaint seeking to recover stolen 1MDB funds

WASHINGTON (Reuters) - The U.S. Justice Department on Thursday announced the filing of complaints seeking to recover about $540 million in funds taken from the 1Malaysia Development Berhad sovereign wealth fund, the latest legal action tied to alleged money-laundering at the scandal-tainted fund.

Adidas loses rulings over Skechers' alleged 'Springblade' knockoffs

(Reuters) - A federal judge has rejected Adidas AG's effort to block Skechers USA Inc from selling athletic sneakers that it said copied its "Springblade" concept.

Renault-Nissan alliance has no plans for bonus scheme - Ghosn

PARIS (Reuters) - Renault-Nissan has no current plans to introduce an additional bonus scheme for executives at the carmaking alliance, Chairman Carlos Ghosn said on Thursday.

Wall St. lower as tech slide resumes

(Reuters) - Technology shares were under pressure yet again on Thursday, pulling lower all the three major Wall Street indexes, as investors fretted about bloated valuations.

Growth worries, U.S. and UK rate hints hit shares

LONDON (Reuters) - Stocks fell in Europe and Asia on Thursday as investor concern over the pace of economic growth hit shares in mining and retail sectors while the prospect of tighter monetary policy in the United States and Britain pushed up the dollar and bond yields.

Nike to cut 2 percent of workforce, eliminate shoe styles

(Reuters) - Nike Inc said on Thursday it would cut about 2 percent of its global workforce and eliminate a quarter of its shoe styles as it looks to become nimbler in the face of intensifying competition and fast-changing consumer trends.

Swiss banks lobby for get-out clause as end of bank secrecy nears

ZURICH (Reuters) - Switzerland's private banks, used for decades by the world's wealthy to hide money and avoid tax, are pushing for extra legal protection of client information that could halt a much-heralded exchange of data with dozens of countries.

Jetmakers hunt for new growth as order binge fizzles out

PARIS (Reuters) - Plane giants are preparing to squeeze the last drop out of a once raging torrent of airplane orders without the razzmatazz of recent years, as the aerospace industry heads to a belt-tightening Paris Airshow looking for new sources of revenue.

Father says J.P. Morgan's parental leave policy is biased

(Reuters) - A J.P. Morgan Chase & Co employee filed a federal sex discrimination complaint on Thursday accusing the bank of discriminating against fathers by giving them paid parental leave on different terms than mothers based on a stereotype that women should care for children.