 | | | | (Reuters) - The S&P 500 and Nasdaq closed higher on Thursday after the European Central Bank said it would avoid raising interest rates until mid-2019 and data showed U.S. economic strength. | | | | | | SAO PAULO (Reuters) - Amazon.com Inc is recruiting major Brazilian cosmetics firms Grupo Boticario and Natura Cosmeticos SA to sell via the logistics platform it is developing in Brazil, three people familiar with talks told Reuters, making an early play for the world's fourth-largest beauty market. | | | | | | BRUSSELS (Reuters) - European Union countries on Thursday unanimously backed a plan to impose import duties on 2.8 billion euros ($3.3 billion) worth of U.S. products after Washington hit EU steel and aluminum with tariffs at the start of June, EU sources said. | | | | | | (Reuters) - Canada agreed with the United States on Thursday that slow-moving talks to update NAFTA should continue although they did not set a date for the next round, a senior official said in remarks casting further doubt on the chances of a deal this year. | | | | | | WASHINGTON (Reuters) - U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter. | | | | | | WASHINGTON (Reuters) - With the world's two largest central banks now pulling back the economic props used to battle multiple crises, a so-far sturdy global recovery faces a new challenge as rising interest rates begin to take hold. | | | | | | (Reuters) - Adobe Systems Inc topped analysts' profit and revenue estimates for the eighth straight quarter driven by strength in its digital media business, which houses its flagship product Creative Cloud. | | | | | | SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network's response to scandals about privacy and election meddling, would step down from the company after a decade. | | | | | | CHICAGO (Reuters) - Chicago has selected Elon Musk's Boring Co to build a $1 billion underground transit system that will whisk people from Chicago's downtown Loop district to O'Hare International Airport at 150 miles per hour (240 km per hour), the billionaire entrepreneur and Mayor Rahm Emanuel said on Thursday. | | | | | | (Reuters) - When U.S. biotech startup Sorrento Therapeutics named ex-Lehman Brothers executive Jiong Shao as its new finance chief about two months ago, it was widely seen as a move driven by his background in raising capital for Alibaba and Tencent. | | | | | |
