Reuters Business Today: March 9, 2017

Click to View in Browser Thursday, March 9, 2017 U.S. crude oil slumps below $50 after stocks build LONDON (Reuters) - Oil prices fell more than 2 percent on Thursday, extending the biggest falls this year as record U.S. crude inventories kept sentiment weak, pointing to a global glut despite supply cuts. U.S. weekly jobless claims rebound from 44-year low WASHINGTON, March 9 (Reuters) - The number of Americans filing for unemployment benefits last week rebounded from a near 44-year low, but continued to point to a tightening labor market. AIG CEO Peter Hancock to resign, Icahn cheers move (Reuters) - American International Group Inc said Chief Executive Peter Hancock has informed the board that he plans to resign, more than a year after billionaire investor Carl Icahn called for a breakup of the company. No matador in sight as bull market in U.S. stocks turns eight NEW YORK (Reuters) - The run of gains on Wall Street turns 8 years old on Thursday and, despite its advanced age, is expected to rage on, with perhaps a few hiccups, based on a combination of stronger company earnings, lower taxes and a corporate-friendly administration in Washington. Bayer, Monsanto start $2.5 billion asset sale to get merger clearance: sources FRANKFURT (Reuters) - German drug and crop chemical maker Bayer and U.S. seeds company Monsanto are launching asset sales worth roughly $2.5 billion as they seek regulatory clearance for their $66 billion merger, people close to the matter said. Bill Gross says investors should not be 'allured' by 'Trump bull market' NEW YORK (Reuters) - Bond investor Bill Gross warned on Thursday that investors should not be tempted into buying high-flying equities and corporate bonds, given the possibility that U.S. President Donald Trump might fail to enact policies that fuel economic growth. Futures slip as U.S. crude falls below $50 (Reuters) - U.S. stock index futures dipped slightly on Thursday as U.S. crude prices fell below $50 and investors remained cautious ahead of Friday's nonfarm payrolls data that could move the needle on an interest rate hike next week. Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals AMSTERDAM (Reuters) - Dutch paints and coatings maker Akzo Nobel NV rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc on Thursday, saying instead it wanted to "unlock value" by spinning off its chemicals business. Trump to meet with U.S. community bankers on regulatory costs WASHINGTON (Reuters) - President Donald Trump will meet with Main Street community bankers on Thursday to learn more about their difficulties in complying with the tougher Dodd-Frank financial regulations enacted after the 2007-2009 financial crisis. Toshiba's Westinghouse brings in bankruptcy lawyers; disclosure deadlines loom NEW YORK/TOKYO (Reuters) - U.S. nuclear firm Westinghouse Electric Co LLC has hired bankruptcy attorneys, in a sign that owner Toshiba Corp is more seriously weighing a Chapter 11 filing as an option to help it rein in a multibillion dollar financial maelstrom. Related Video Government watchdog takes aim at Icahn, Trump connection Women take a day off, rally against Trump Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook