U.S. weekly jobless claims fall to near 49-year low
The number of Americans filing new claims for unemployment aid fell to near a 49-year low last week and private payrolls rose steadily in August, pointing to sustained labor market strength that should continue to underpin economic growth.
Burberry ends bonfire of the luxuries after waste outcry
Britain’s Burberry will no longer burn unsold luxury goods to protect its brand after an admission that it destroyed almost $40 million worth of stock last year sparked a furor over waste in the fashion industry.
Ford recalls two million trucks to address seat-belt fire concerns
Ford Motor Co said on Thursday it would recall 2 million F-150 pickup trucks in North America to address fire concerns relating to seat belts that have been linked to three serious incidents but no injuries.
U.S. jobless claims fall to near 49-year low
The number of Americans filing for unemployment benefits fell to near a 49-year low last week, pointing to sustained labor market strength that should continue to underpin economic growth.
U.S. second-quarter productivity growth unrevised at 2.9 percent
U.S. worker productivity rose at its fastest pace in more than three years in the second quarter, as previously reported, but the trend in productivity growth remained moderate.
World stocks fall for fifth straight day on trade fears
World shares fell for a fifth straight day on Thursday as investors braced for another escalation in a trade war between the United States and China, while emerging-market currencies paused near 15-month lows.
Citigroup to overhaul its investment bank
Citigroup Inc is set to restructure its investment banking operations and merge it with the bank’s capital markets origination unit, according to an internal memo.
Stock futures flat as trade worries prompt caution
U.S. stock index futures were mostly flat on Thursday as concerns that the Trump administration would make good on its plan for fresh China tariffs after a public comment period ends, kept investors jittery.
Lilly’s Elanco unit expects IPO to raise up to $1.45 billion
Eli Lilly & Co’s Elanco Animal Health unit on Thursday said it expects its initial public offering of 62.9 million shares to raise up to $1.45 billion.
Factbox: At JD.com, CEO Richard Liu has an iron grip and no clear successor
A rape accusation leveled against JD.com CEO and founder Richard Liu has highlighted the lack of a No. 2 lieutenant among senior management at the e-commerce giant, exacerbating concerns about the case among investors.
