Tuesday, 11 April 2017

Reuters Business Today: April 11, 2017

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Tuesday, April 11, 2017
U.S. job openings rise to seven-month high in February
WASHINGTON (Reuters) - U.S. job openings rose to a seven-month high in February while the pace of hiring slipped, pointing to a growing skills mismatch and a further tightening of labor market conditions.
Wall Street ends down; geopolitical risks weigh ahead of earnings
NEW YORK (Reuters) - U.S. stocks ended down but well off the day's lows on Tuesday, with worries over geopolitical risks dragging down sentiment as investors readied for the start of U.S. earnings.
Apple may ditch Dialog, analyst says, hitting chipmaker's shares
FRANKFURT (Reuters) - Dialog Semiconductor risks losing a crucial supply deal with Apple Inc , according to a financial analyst who cut his rating on the stock on Tuesday, sending the Anglo-German chipmaker's shares down by as much as one-third.
United CEO issues apology for dragged passenger
(Reuters) - United Airlines Chief Executive Oscar Munoz on Tuesday issued an apology for the treatment of a passenger who was dragged on Sunday from his seat on a United plane, as the company faced a worldwide backlash for its handling of the incident.
Exclusive: OPEC figures show oil output cuts exceed pledge in March - sources
DUBAI/LONDON (Reuters) - OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production cut in eight years.
Wal-Mart continues to eliminate corporate jobs: report
CHICAGO (Reuters) - Wal-Mart Stores Inc is eliminating more corporate jobs this month, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Lyft lands $600 million in fresh funding
SAN FRANCISCO (Reuters) - Ride services company Lyft has raised $600 million in fresh funding, one of its investors said on Tuesday.
Telecoms, cable group Altice starts IPO process for U.S. arm
NEW YORK/PARIS (Reuters) - Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink Communications, on Tuesday filed for an initial public offering that seeks to raise $1 billon to $2 billion, according to a source familiar with the matter.
U.S. small businesses expect continued 2017 growth
WASHINGTON (Reuters) - U.S. small businesses expect stronger revenue this year and many anticipate adding employees, a generally optimistic read that could support job growth in coming months, the New York Fed reported on Tuesday.
Trump promises again to revamp Wall Street reform rules
WASHINGTON (Reuters) - President Donald Trump told a group of chief executives on Tuesday that his administration was reducing regulations and revamping the Wall Street reform law known as Dodd-Frank, which might be eliminated and replaced with "something else."
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