Tech leads Wall Street’s retreat from record high
(Reuters) – Wall Street fell sharply on Thursday, pulling back from record highs, amid a broad decline that was led by technology stocks and disappointing quarterly reports from major companies.
Wall Street opens lower as tech stocks slide
(Reuters) – U.S. stocks opened lower on Thursday, a day after scaling record highs, amid a fall in technology stocks led by Apple.
U.S. jobless claims hit more than 44-year low
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.
Saudi needs Aramco billions as recession slows austerity drive
DUBAI (Reuters) – Saudi Arabia’s plans to sell state assets – including a stake in energy giant Saudi Aramco – are becoming even more important to its finances as a recession slows Riyadh’s effort to close a budget deficit caused by low oil prices.
U.S. jobless claims drop to more than 44-year low
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.
Nissan to suspend domestic production of cars for Japan market
TOKYO (Reuters) – Nissan Motor Co Ltd is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its final inspection procedures that led to a major recall, it said on Thursday.
Stocks stumble off all-time highs, kiwi takes a dive
LONDON (Reuters) – World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1988 and the first close above 23,000 for Wall Street’s Dow index helped to offset nerves about Spain…
Verizon quarterly revenue tops estimates as subscribers rise
NEW YORK (Reuters) – Verizon Communications Inc’s quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in mid-morning tradin…
Japan carmakers vouch for safety of Kobe Steel’s aluminum parts
TOKYO (Reuters) – Four Japanese automakers on Thursday said they found no safety issues with aluminum parts supplied by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.
Futures lower as technology stocks dip
(Reuters) – U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash.
