U.S. labor, housing markets data underscore economy’s stamina
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose slightly last week but the four-week average of such claims, considered a better gauge, fell to a 43-1/2-year low in a sign of a strengthening labor market.
Kohl’s profit beats as lower inventories boost margins
(Reuters) – Department store operator Kohl’s Corp followed larger rival Macy’s Inc in reporting a better-than-expected profit for the holiday quarter, as lower inventories helped the company avoid deep discounting.
Norwegian Air to offer U.S.-Europe fares starting at $65 one way
(Reuters) – Norwegian Air Shuttle ASA plans to offer transatlantic flights on 10 new routes between the United States and Europe with tickets starting at $65 one way, putting pressure on U.S. and European rivals to compete, it said on Thursday.
Tech breakthroughs take a backseat in upcoming Apple iPhone launch
SAN FRANCISCO (Reuters) – When Apple Inc launches its much-anticipated 10th anniversary iPhone this fall, it will offer an unwitting lesson in how much the smartphone industry it pioneered has matured.
Former Valeant and Philidor executives plead not guilty in fraud scheme
NEW YORK (Reuters) – A former Valeant Pharmaceuticals International Inc executive and the former chief executive of mail order pharmacy Philidor Rx Services pleaded not guilty on Thursday to charges they orchestrated a multi-million dollar fraud and ki…
Peugeot-Opel deal promises Big Bang in small cars: sources
PARIS (Reuters) – French carmaker PSA Group is planning an engineering blitz to redevelop Opel’s core models with its own technology if it succeeds in buying General Motors’ European arm, company sources and advisers told Reuters.
Tesla’s ‘close to the edge’ cash foretells capital raise
SAN FRANCISCO (Reuters) – Tesla Inc Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get “close to the edge” as it burns cash ahead of its cr…
Ghosn cedes Nissan CEO role to focus on alliance with Renault, Mitsubishi
TOKYO (Reuters) – Nissan Motor Co said Carlos Ghosn will step aside as CEO after leading the company for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA and newly added Mitsubishi Moto…
U.S. house prices to rise; analysts wary of deregulation: Reuters poll
(Reuters) – The U.S. housing market will rise steadily and contribute significantly to economic growth in the coming year, according to a majority of analysts in a Reuters poll who nearly all agreed that further stimulus was not required.
Google to help publishers find malicious comments on articles
BRUSSELS (Reuters) – Alphabet Inc’s Google and subsidiary Jigsaw launched on Thursday a new technology to help news organizations and online platforms identify abusive comments on their websites.
