U.S. jobs data to draw bruising, volatile week to close
LONDON (Reuters) – Stocks struggled for direction on Friday and U.S. Treasury yields remained anchored close to this week’s record low, marking their longest run of consecutive weekly declines in four years ahead of the latest U.S. unemployment report….
U.S. payrolls seen rebounding in June in boost to economy
WASHINGTON (Reuters) – U.S. job growth likely rebounded in June as striking Verizon employees returned to work and wages probably rose steadily, more evidence the economy has regained speed after a first-quarter lull.
For British exporters, weak pound may not offset Brexit turbulence
WALSALL, England (Reuters) – The pound’s plunge since Britain voted to leave the European Union is good news for factory boss Tony Hague.
Five U.S. investment banks offer support for London after Brexit vote
LONDON (Reuters) – Five U.S. investment banks promised British finance minister George Osborne on Thursday that they would try to help London keep its top spot as a financial center, but gave no commitment on jobs following Britain’s vote to leave the …
Gawker wins court approval to kick off bankruptcy auction
NEW YORK (Reuters) – Gawker Media LLC won approval from a U.S. bankruptcy court judge on Thursday to begin a process to sell itself, allowing the online publishing pioneer to begin an auction that is expected to attract several bidders.
Oil down 5 percent to two-month lows as U.S. crude draw disappoints
NEW YORK (Reuters) – Oil prices fell 5 percent to two-month lows on Thursday after the U.S. government reported a weekly crude draw within analysts’ forecasts that disappointed market bulls expecting larger declines.
Energy weighs on Wall St. but Costco shines
(Reuters) – The S&P 500 and Dow industrials slipped on Thursday, weighed by energy shares, but gains in Costco and tech shares lifted the Nasdaq Composite.
Volkswagen to pay $86 million in penalties to California over emissions
LOS ANGELES (Reuters) – Volkswagen AG will pay an additional $86 million in penalties to California over its emissions scandal, on top of a settlement of $14.7 billion the automaker reached with U.S. officials last week, state Attorney General Kamala …
Best-selling author’s tweet revives food safety concerns at Chipotle
LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc shares took a hit on Thursday after best-selling author Eric Van Lustbader revived concerns about food safety at the burrito chain by tweeting that his editor fell ill after eating at one of its Manha…
Moore Capital fires hedge fund manager after wild Hamptons party
NEW YORK (Reuters) – U.S. hedge fund Moore Capital Management has fired a portfolio manager a day after a media report of a raucous party he threw at a rented mansion in the Hamptons, New York’s summer playground for the rich and famous.
