Reuters Business Today: April 20, 2017

Click to View in Browser Thursday, April 20, 2017 Wall Street set to open higher as oil rebounds (Reuters) - Wall Street looked set to open higher on Thursday, helped by a rebound in oil prices and increased optimism around the first-quarter earnings season. Verizon results miss Wall Street estimates as it loses subscribers (Reuters) - Verizon Communications Inc on Thursday reported quarterly results that missed estimates and said it lost subscribers who pay a monthly bill despite the No. 1 U.S. wireless carrier's re-launch of unlimited data plans. U.S. weekly jobless claims up; continuing claims hit 17-year low WASHINGTON (Reuters) - New applications for U.S. jobless benefits rose slightly more than expected last week, but the number of Americans on unemployment rolls dropped to a 17-year low, pointing to a tightening labor market. Exclusive: Buffett likely voted shares to back Wells Fargo board NEW YORK (Reuters) - Wells Fargo & Co's largest investor, Warren Buffett, has likely already voted his shares to support the bank's recommendations at its contentious annual shareholder meeting next week, a representative told Reuters on Wednesday, which include reinstating most of the board's directors. Saudi Arabia, Kuwait signal likely extension of oil supply cuts ABU DHABI (Reuters) - Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers to curb oil supplies. Worries over Trump policies cloud start of IMF, World Bank meetings WASHINGTON (Reuters) - World finance leaders are gathering on U.S. President Donald Trump's home turf on Thursday to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration. Western Digital would consider Japan partners for Toshiba chip unit bid TOKYO (Reuters) - Western Digital Corp , the U.S. partner of Toshiba Corp in a semiconductor venture, is in talks with Japanese government-backed investors and would consider a joint bid with them for the chip business, a senior official said on Thursday. Adidas CEO says fat China margins to stabilize as thin U.S. margins grow SHANGHAI (Reuters) - German sports apparel brand adidas AG expects its huge operating margin in China to shrink slightly in the long term, while its small U.S. margin grows markedly in the near term, its new chief executive officer said on Thursday. Elliott releases private letters after Arconic CEO's departure (Reuters) - Activist hedge fund Elliott Management released the private letter written by Arconic Inc's former chief executive, Klaus Kleinfeld, which consequently led to his resignation, and their response to the letter and Arconic's statement on April 17. U.S. House banking chairman unveils Dodd-Frank replacement WASHINGTON (Reuters) - The head of the U.S. House of Representatives' banking panel has unveiled the Republicans' most ambitious plan so far to loosen financial regulations, a 600-page bill to replace the Dodd-Frank financial reform law. Related Video Beijing wants an electric car boom, buyers want SUVs IBM sends S&P 500, Dow lower 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