U.S. third-quarter unit labor costs revised lower
U.S. unit labor costs rebounded less than initially thought in the third quarter and the decline in the prior period was sharper than previously estimated, suggesting moderate growth in wage inflation.
Ride-hailing firm Lyft Inc files for IPO
Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering that will test investor appetite for high-profile but loss-making technology companies.
Kroger quarterly same-store sales fall short of estimates
U.S. supermarket chain Kroger Co reported quarterly same-store sales that fell just short of analysts’ estimates on Thursday, hit by disruptions caused by the company revamping stores to give more shelf space to its best-selling products.
Oil loses 3 percent in volatile trade as OPEC meets
Oil tumbled in a volatile session on Thursday after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stock markets.
Shell reviews deals involving ex-executive accused of bribery
Royal Dutch Shell has concluded that a Nigerian oilfield sale where it suspects an executive took bribes was not linked to a separate court case in which he and Shell face corruption charges over a $1.1 billion offshore acquisition.
OPEC agrees oil output cut, no final figure yet: delegate
OPEC agreed on Thursday a tentative deal to cut oil output but has not yet come up with a final figure, an OPEC delegate said.
Trading Trump: Wall Street stresses over White House comments
JPMorgan Chase & Co’s trading desk was not buying what U.S. President Donald Trump was selling this week.
France fines washing machine makers $214 million for price rigging
France’s competition authority on Thursday fined six home appliance makers a total of 189 million euros ($214 million) for price-rigging in 2006 and 2009, the largest penalty it has handed out so far this year.
Futures tumble as China executive arrest threatens trade truce
U.S. stock index futures fell more than 1.5 percent on Thursday, as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the…
Global stocks slump on China executive arrest, oil spills into OPEC
Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers.
