Thursday, 4 May 2017

Reuters Business Today: May 4, 2017

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Thursday, May 4, 2017
U.S. labor market tightening; productivity drops in first quarter
WASHINGTON (Reuters) - New applications for U.S. jobless benefits fell sharply last week and the number of Americans on unemployment rolls hit a 17-year low, pointing to a tightening labor market that could allow the Federal Reserve to raise interest rates next month.
Wall Street ends flat as health bill passes; energy slammed
(Reuters) - Wall Street ended flat on Thursday as a steep fall for the energy sector countered some solid earnings reports, with major stock indexes closing little changed after the U.S. House of Representatives passed a healthcare overhaul.
U.S. Senate passes bill to fund government through September
WASHINGTON (Reuters) - The U.S. Senate on Thursday gave final legislative approval to a $1.2 trillion spending bill to keep the government open through September, a measure President Donald Trump is expected to sign before Friday's deadline.
Dip in Tesla's customer deposits triggers worries over orders
(Reuters) - A 7 percent drop in Tesla Inc's customer deposits in its latest quarter raised concerns about future sales at the U.S. luxury electric-car maker.
Wal-Mart files patent for Amazon Dash rival
(Reuters) - Wal-Mart Stores Inc has applied for a patent to compete with Amazon.com Inc's wifi-connected, one-button ordering device, Amazon Dash, according to data provider CB Insights.
Oil tumbles amid oversupply fears, unlikelihood of deeper OPEC cuts
NEW YORK (Reuters) - Oil prices plunged to five-month lows on Thursday amid record trading volume in Brent crude, as OPEC and other producers appeared to rule out deeper supply cuts to reduce the world's persistent glut of crude.
Greenlight says documents show GM tried to undermine dual-share plan
(Reuters) - Greenlight Capital escalated its battle against General Motors Co. on Thursday, posting credit ratings documents related to the hedge fund's dual-share plan that it said were inappropriately changed by GM to undermine its proposal.
Jay Clayton sworn in as chairman of the U.S. SEC
WASHINGTON (Reuters) - Wall Street attorney Jay Clayton was officially sworn in as chairman of the U.S. Securities and Exchange Commission by U.S. Supreme Court Justice Anthony Kennedy on Thursday, the agency announced.
Tesla in talks to resolve issues with legacy Grohmann clients
FRANKFURT (Reuters) - Tesla Inc said it is seeking to resolve outstanding issues with legacy customers of its Grohmann engineering unit after a takeover by the Silicon Valley-based carmaker resulted in a shift in management priorities toward Tesla projects.
Retailer Bebe avoids bankruptcy with landlord deals: sources
(Reuters) - Fashion chain Bebe Stores Inc has clinched deals with its landlords to close its approximately 180 stores, enabling it to avoid filing for bankruptcy and continue to sell merchandise online, people familiar with the matter said on Thursday.
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