UAW chief: U.S. Nissan workers would vote for union right now
DETROIT (Reuters) – The president of the United Auto Workers said on Thursday he feels “very strongly” that workers at Nissan Motor Co Ltd’s plant in Canton, Mississippi, would support union representation if they voted now, but added that reports of …
Banks hope to keep staff in London if soft Brexit deal struck
LONDON (Reuters) – Banks which are shifting operations to avoid disruption once Britain leaves the European Union hope only a handful of people will eventually have to leave London, industry sources say.
Europe’s cashed-up companies get comfy with capex
LONDON (Reuters) – Sitting on $1 trillion in cash and emerging from years of caution, European companies are now showing the strongest year-on-year growth in capital spending plans in the world.
Exxon sues U.S. over fine levied for Russia deal under Tillerson
WASHINGTON/HOUSTON (Reuters) – Exxon Mobil Corp sued the U.S. government on Thursday, blasting as “unlawful” and “capricious” a $2 million fine levied against it for a three-year-old oil joint venture with Russia’s Rosneft.
Citigroup, Deutsche Bank beef up Frankfurt presence in Brexit response
LONDON/FRANKFURT (Reuters) – Two global banks, Citigroup and Deutsche Bank , are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union.
Abbott lifts profit forecast as it integrates St. Jude deal
(Reuters) – Abbott Laboratories on Thursday raised its full-year adjusted profit forecast as the diversified healthcare company gains from its $25 billion acquisition of medical devices maker St. Jude Medical earlier this year
U.S. weekly jobless claims fall to near five-month low
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, touching its lowest level in nearly five months, suggesting strong job gains that should continue to underpin economic growth.
Sears to sell Kenmore appliances on Amazon; shares jump
(Reuters) – Sears Holdings Corp’s shares soared 20 percent after the struggling retailer said it would sell its Kenmore home appliances on Amazon.com and integrate the brand’s smart gadgets with the online giant’s Alexa digital assistant.
Bill Gross warns of recession risk if highly levered economies hike rates
NEW YORK (Reuters) – Highly levered domestic and global economies including the United States, which have “feasted” on easy monetary policies in recent years, cannot withstand a normalizing of short-term interest rates without running the risk of a rec…
Wall Street flat as home improvement retailers get Amazoned
NEW YORK (Reuters) – Stocks ended little changed on Wall Street on Thursday as a deal between Sears and Amazon weighed on home improvement retailers while gains in Microsoft helped buoy the Nasdaq.
