U.S. economic outlook brightens on upbeat job, inventory data
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained strength in the labor market despite a sharp slowdown in hiring last month.
Drivers sue Uber, Lyft over exit from Austin, Texas
(Reuters) – Former Uber Technologies Inc and Lyft Inc drivers in Austin, Texas, on Thursday accused the ride-hailing companies of breaking a federal law by abruptly halting operations in the city after voters backed a measure requiring them to fingerp…
Valeant said to weigh sale of Egyptian drugmaker Amoun: Bloomberg
(Reuters) – Valeant Pharmaceuticals International Inc is considering the sale of Egyptian drugmaker Amoun Pharmaceutical Co to accelerate its debt-reduction plan, Bloomberg reported, citing people with knowledge of the matter.
Luxottica sues BCBG Max Azria over Wayfarer sunglasses trademark
(Reuters) – Luxottica Group Spa , the maker of Ray-Ban sunglasses, has sued BCBG Max Azria Group LLC, accusing the fashion house of knowingly infringing its famous Wayfarer trademark.
Chipotle shares at pricey multiples as Wall Street eyes May sales
SAN FRANCISCO (Reuters) – Shares of Chipotle Mexican Grill appear expensive as Wall Street awaits fresh data on the burrito chain’s struggle to recover from a string of food-borne illness outbreaks.
Google co-founder Page backing two start-ups making flying cars: Bloomberg
(Reuters) – Google co-founder Larry Page is backing two start-ups that are working on flying cars, including funding one of them with more than $100 million so far, Bloomberg said on Thursday, citing sources.
House committee moves to cut funding for financial regulators
WASHINGTON (Reuters) – A bill to slash funding for the U.S. Securities and Exchange Commission, Internal Revenue Service and other financial regulators passed a key committee in the U.S. House of Representatives on Thursday after a long partisan fight….
Exclusive: Isabel dos Santos pledges transparency, efficiency at Angolan state oil giant
LUANDA (Reuters) – Angolan state energy giant Sonangol is spinning off non-core investments in areas such as banking and real estate into a separate fund to allow it to focus exclusively on oil, new CEO Isabel dos Santos said on Thursday.
General Motors names Boler-Davis head of manufacturing
DETROIT (Reuters) – General Motors Co said on Thursday that Alicia Boler-Davis will be head of the company’s manufacturing and labor relations, succeeding Jim DeLuca, effective immediately.
Boeing picks new South Carolina chief, streamlines 787 production
(Reuters) – Boeing Co on Thursday named a new leader for its South Carolina operations and said it would further streamline and integrate its 787 Dreamliner production in South Carolina and Washington state.
