Exclusive: China’s WH Group targets beef and poultry assets in U.S. and Europe
CHICAGO/HONG KONG (Reuters) – Smithfield Foods Inc’s owner, China-based WH Group Ltd , is scouting for U.S. and European beef and poultry assets to buy, in a move that would sharpen its rivalry with global meat packers Tyson Foods Inc and JBS SA.
Wilbur Ross sees ‘genuine’ national security concern on steel
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday that a national security review of the U.S. steel industry will be completed “very shortly” and will seek to protect the interests of both domestic steel producers and consumer…
Oil shrugs off geopolitical tensions but some see red flags
LONDON (Reuters) – The oil price has ignored rising geopolitical tensions in the Middle East, as a three-year old crude surplus has wiped out any real fear over supply, but one of the world’s largest security consultants says there are red flags the ma…
Jobless claims drop; labour market slack shrinking
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell last week, unwinding half of the prior period’s jump and suggesting the labour market was tightening despite a recent slowdown in job growth.
Credit Suisse to cut jobs as it pares back in London
ZURICH (Reuters) – Credit Suisse is to cut roughly 1,500 jobs in London by the end of next year, according to a person familiar with the matter, part of the Swiss bank’s efforts to cut costs globally.
S&P 500, Dow flat after Comey testimony; futures dip after UK vote
NEW YORK (Reuters) – The “Trump trade” made a comeback on Thursday on Wall Street but the S&P and Dow industrials ended flat as former FBI director James Comey said President Donald Trump fired him to undermine an investigation into Russian meddling into last November’s U.S. election.
Nordstrom family explores taking retailer private, shares surge
(Reuters) – Department store operator Nordstrom Inc said on Thursday that some members of the Nordstrom family were considering taking the company private as it struggles with an industry-wide sales slowdown.
Boeing studies pilotless planes as it ponders next jetliner
SEATTLE (Reuters) – Boeing Co is looking ahead to a brave new world where jetliners fly without pilots and aims to test some of the technology next year, the world’s biggest plane maker said in a briefing ahead of the Paris Airshow.
Jobless claims drop; labor market slack shrinking
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell last week, unwinding half of the prior period’s jump and suggesting the labor market was tightening despite a recent slowdown in job growth.
Forestar says D.R. Horton’s offer could be superior to Starwood bid
(Reuters) – Forestar Group Inc said on Thursday that U.S. homebuilder D.R. Horton Inc’s offer to buy a majority in the real estate developer could lead to a bid superior to its deal with Starwood Capital Group.
