U.S. jobless claims rise to four-month high
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits last week increased to the highest level since early September, but the underlying trend continued to point to a strengthening labor market.
EU to publish details of probe into Amazon’s Luxembourg tax deal
BRUSSELS (Reuters) – European Union antitrust regulators will publish details on Friday of their investigation into online retailer Amazon’s tax-minimising arrangements with Luxembourg.
Brazil’s Petrobras probe grows with international firms eyed
SAO PAULO (Reuters) – A Brazilian police officer investigating a kick-back scheme at state-run oil company Petrobras said the total amount of money involved could exceed $28 billion, making it the country’s biggest-ever money laundering probe.
OPEC to see market share drop even as oil slump slows shale boom
LONDON (Reuters) – The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent demand for the exporter group’s oil falling in 2015 to its lowest in a decade.
Europe thrown into turmoil as Swiss let franc soar
LONDON (Reuters) – Global markets were thrown into turmoil on Thursday as a shock move by Switzerland to abandon its more than three-year-old cap on the franc sent the currency soaring and Europe’s shares and bond yields tumbling.
Exclusive: Samsung talks to BlackBerry about $7.5 billion buyout: source
NEW YORK/SEOUL (Reuters) – Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents se…
BP to cut North Sea jobs as oil price plummets
LONDON (Reuters) – BP will cut hundreds of jobs in the North Sea to reduce costs in one of the world’s most expensive exploration areas as oil prices fall.
Bank of America strikes deal to avoid activist resolution on chairman role
(Reuters) – An activist investor group said it is withdrawing a shareholder resolution that called for Bank of America to have an independent board chair, easing some of the pressure the bank faced after giving its Chief Executive Brian Moynihan the ad…
Big Pharma faces up to new price pressure from aggressive insurers
SAN FRANCISCO (Reuters) – The world’s biggest drugmakers face a new reality when it comes to U.S. pricing for their products as insurers use aggressive tactics to extract steep price discounts, even for the newest medications.
Credit Suisse to face consumer push-back at regulatory hearing
WASHINGTON (Reuters) – Credit Suisse Group AG will ask U.S. regulators at a hearing on Thursday to allow it to manage pensions following a criminal guilty plea, but will face resistance from groups determined to stop what they see as the rubber-stampin…
