Oil falls on output concern; U.S. stocks down
NEW YORK (Reuters) – Oil prices slipped on Thursday as producers hinted at more output, while U.S. stocks had their first loss in four sessions after a mixed bag of earnings reports.
Wall Street cedes ground after mixed bag of earnings
(Reuters) – Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications that a strike by workers would likely impact its bottom line.
Alaska Air CEO sees challenge in keeping Virgin customers after merger
(Reuters) – Alaska Air Group Inc expects it will be challenging to keep customers who are loyal to Virgin America Inc after the two companies merge, Alaska Air’s chief executive said on an analyst call on Thursday.
Viacom shares soar after deal to renew Dish contract
(Reuters) – Viacom Inc said on Thursday it has renewed a multiyear distribution contract with satellite TV provider Dish Network Corp, lifting the media company’s shares over 11 percent.
Draghi defends ECB as Merkel enters low-rates debate
FRANKFURT (Reuters) – The head of the ECB robustly defended its cheap money policy on Thursday against sharp criticism from Germany, as the country’s leader entered a debate that has driven a wedge between the euro zone’s central bank and its biggest e…
Mitsubishi Motors shares dive, Japan officials raid facility
TOKYO (Reuters) – Japanese officials raided a facility belonging to Mitsubishi Motors Corp on Thursday after the carmaker admitted to overstating the fuel efficiency of 625,000 cars, a revelation that has sent its shares into a tailspin.
U.S. jobless claims hit 42-1/2-year low as labor market firms
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level since 1973, suggesting an apparent sharp slowdown in economic growth in the first quarter could be temporary.
NY regulator wants foreign banks’ records on dealings with Panama firm
(Reuters) – New York state’s financial regulator has told 13 foreign banks doing business there to hand over details about their dealings with a law firm in Panama that helped set up thousands of shell companies, a person familiar with the matter confirmed.
Worker strike to pressure Verizon earnings; first-quarter net income meets estimates
(Reuters) – Verizon Communications Inc said an ongoing strike by its wireline workers was expected to hurt earnings in the current quarter, even as it reported first-quarter net income that met analyst expectations amid strong tablet sales.
Volkswagen shares surge as U.S. Dieselgate deal looms
FRANKFURT (Reuters) – Volkswagen shares jumped more than 6 percent early on Thursday on expectations that the carmaker was close to reaching a deal to buy back 500,000 diesel cars in the United States in a step toward resolving an emissions rigging sc…
