Wall Street dips as investors assess Republican tax-cut plan
(Reuters) – U.S. stocks were lower in late morning trading on Thursday as investors assessed long-awaited tax-cut proposals unveiled by Republicans amid deep skepticism around the passing of the bill.
U.S. third quarter productivity fastest in three years; jobless claims fall
WASHINGTON (Reuters) – U.S. worker productivity increased at its fastest pace in three years in the third quarter but the trend remained moderate, suggesting that a recent acceleration in economic growth was unlikely to be sustained.
Spending plans trigger Facebook stock retreat
(Reuters) – Facebook Inc shares slid on Thursday, as investors shrugged off strong quarterly results and worried about the cost of the company’s decision to spend more on preventing misuse of the world’s biggest social media network.
Apple draws options bulls ahead of quarterly results
NEW YORK (Reuters) – Ahead of Apple Inc’s quarterly report on Thursday, traders in the options market have taken positions close to the most bullish since late December, options data showed.
Chesapeake warns of modest 2018 production growth
(Reuters) – U.S. natural gas producer Chesapeake Energy Corp on Thursday missed Wall Street’s quarterly revenue estimates and warned of flat-to-modest production growth next year, sending its shares down as much as 8 percent.
US, AT&T discussing conditions for Time Warner deal: sources
WASHINGTON (Reuters) – AT&T Inc and the U.S. Department of Justice are discussing potential conditions as part of winning government approval of the U.S. No. 2 wireless carrier’s $85.4 billion acquisition of Time Warner Inc, according to sources familiar with the situation.
Wall Street slips as investors digest tax bill outline
(Reuters) – U.S. stocks slipped in late morning trading on Thursday as investors digested a summary of the much-awaited Republican tax-cut bill that called for a range of changes to the tax code.
Global air passenger traffic demand up 5.7 percent in September: IATA
(Reuters) – Global demand for air travel rose 5.7 percent in September from a year earlier, the slowest growth since February as hurricanes in the United States hit travel, the International Air Transport Association (IATA) said on Thursday.
Bombardier gets new CSeries jet order, but deliveries cut
(Reuters) – Bombardier Inc scaled back CSeries jet deliveries by around a third because of engine delays, but said on Thursday it received its first order for the narrowbodies in 18 months, helping send shares up 4 percent.
Bank of England sees only gentle rises ahead after historic rate hike
LONDON (Reuters) – The Bank of England raised interest rates for the first time in more than 10 years on Thursday but sterling fell sharply as the central bank said it expected only “very gradual” further increases over the next three years.
