Futures pare gains after strong jobs data
U.S. stock index futures dipped lower on Friday, after a Labor Department report showed U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in nine-and-a-half years.
U.S. job growth surges; annual wage gain biggest since 2009
U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December.
AbbVie lifts profit target after cancer drug powers third-quarter beat
AbbVie Inc beat Wall Street estimates for third-quarter profit and raised its earnings forecast for the year on Friday, driven by strong sales of blockbuster cancer medicine Imbruvica.
At Telematics crossroads, TomTom CEO plots next move
Digital mapmaking company TomTom will consider whether to go it alone or pursue partnerships if it sells a fleet management business which may account for more than half its current value, its chief executive told Reuters.
Trump’s latest tariffs undercut his first trade salvo in solar
In January, President Donald Trump fired the opening shot of his trade war, slapping tariffs on solar panel imports to boost U.S. manufacturing of a product long dominated by cheap foreign competition.
Alibaba quarterly revenue falls short of estimates
China’s Alibaba Group Holding Ltd reported lower-than-expected quarterly revenue on Friday, another sign of slowing momentum for China’s giant e-commerce platforms and its economy.
Boeing’s China plant to start operations in December
Boeing Co will start operations at its 737 completion plant in China next month and Air China will take delivery of the first plane produced there, the U.S. planemaker said on Friday.
As China soy demand wavers, U.S. farmers turn back to grains
Since the mid-2000s, North Dakota farmer Paul Thomas has planted more of his land with soybeans as China’s demand for the oilseed grew. The shift culminated this year when Thomas planted 1,600 of his 5,000 acres with soybeans, the most ever.
Boeing eyes services M&A, small or big, in tussle with Airbus
Boeing Co is looking for future deals “small or big” now that it has absorbed parts distributor KLX Inc, an executive told Reuters, as the world’s largest planemaker tries to beat out rival Airbus in the highly profitable market for aircraft parts an…
Forget gridlock, Republican win may be better for stocks
U.S. President Donald Trump has warned that his favorite measure of success, the stock market, is imperiled if voters favor Democrats in next week’s congressional elections.
