U.S. weekly jobless claims drop as labor market picks up steam
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.
Chinese phone maker ZTE saved from brink after deal with U.S.
(Reuters) – China’s No. 2 telecommunications equipment maker ZTE secured a lifeline from the Trump administration on Thursday after agreeing to pay a $1 billion fine and overhaul leadership in a deal that will lift a ban on its doing business with U.S. suppliers.
Energy stocks pull Wall Street higher, tech drags
(Reuters) – The S&P 500 posted slight gains on Thursday as declines in technology companies and packaged food makers, dragged down by J.M. Smucker’s quarterly report, were offset by rising energy shares.
McDonald’s plans fresh round of layoffs: WSJ
(Reuters) – McDonald’s Corp is planning a new round of layoffs to flatten out its management structure further, the Wall Street Journal reported on Thursday, citing a company email sent to all its U.S. employees, suppliers and franchisees.
AmTrust agrees to sweetened $2.95 billion buyout offer
(Reuters) – U.S. insurer AmTrust Financial Services Inc on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder Carl Icahn.
Qualcomm CEO hopes ZTE deal will clear acquisition of NXP in China
(Reuters) – Qualcomm Inc CEO Steven Mollenkopf said on Thursday he hoped an announced agreement between the United States and China on the future of ZTE Corp will pave the way for China clearing Qualcomm’s acquisition of NXP Semiconductors NV.
Google faces EU antitrust fine over Android case in July: sources
BRUSSELS (Reuters) – Google is expected to be hit with a second EU antitrust fine in mid-July for using its dominant Android mobile operating system to squeeze out rivals, three people familiar with the matter said.
GM to sell Honda advanced electric car batteries in North America
(Reuters) – General Motors Co will supply advanced batteries to Japan’s Honda Motor Co, the companies said Thursday, a move that could significantly reduce the cost of future electric vehicles at both automakers after 2020.
U.S. reaches deal with China’s phone maker ZTE: Commerce Secretary
(Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday that Washington has reached a deal with ZTE Corp that would reverse a ban on buying parts from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into b…
CEO to be named soon for Berkshire, Amazon, JPMorgan healthcare venture: CNBC
NEW YORK (Reuters) – Berkshire Hathaway Inc , Amazon.com Inc and JPMorgan Chase & Co. will likely name a chief executive for their healthcare joint venture within the next two weeks, billionaire investor Warren Buffett said in an interview aired Thursday on CNBC.
