Reuters Business Today: June 8, 2017

Click to View in Browser Thursday, June 8, 2017 S&P, Dow flat after Comey testimony; Nasdaq at record high NEW YORK (Reuters) - The 'Trump trade' made a comeback on Thursday on Wall Street but the S&P and Dow industrials ended flat as former FBI director James Comey said President Donald Trump fired him to undermine an investigation into Russian meddling into last November's U.S. election. Verizon plans to cut 2,000 jobs at Yahoo, AOL: source (Reuters) - Verizon Communications Inc is expected to cut about 2,000 jobs when it completes its $4.48 billion acquisition of Yahoo Inc's core assets next week, a person briefed on the matter said. Jobless claims drop; labor market slack shrinking WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, unwinding half of the prior period's jump and suggesting the labor market was tightening despite a recent slowdown in job growth. Wilbur Ross sees 'genuine' national security concern on steel WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Thursday that a national security review of the U.S. steel industry will be completed "very shortly" and will seek to protect the interests of both domestic steel producers and consumers. Automakers diverge on how fast to deploy automatic braking DETROIT (Reuters) - Big automakers are rushing to launch self-driving cars as early as 2021, but the industry's major players are moving slowly when it comes to widespread deployment of a less expensive crash prevention technology that regulators say could prevent thousands of deaths and injuries every year. Exclusive: China's WH Group targets beef and poultry assets in U.S. and Europe CHICAGO/HONG KONG (Reuters) - Smithfield Foods Inc's owner, China-based WH Group Ltd , is scouting for U.S. and European beef and poultry assets to buy, in a move that would sharpen its rivalry with global meat packers Tyson Foods Inc and JBS SA. General Motors sale of Opel to PSA could be completed by end July FRANKFURT (Reuters) - Opel, the European arm of General Motors , said its sale to France's PSA Group could be completed as early as July 31, pending regulatory approval from antitrust authorities. Oil shrugs off geopolitical tensions but some see red flags LONDON (Reuters) - The oil price has ignored rising geopolitical tensions in the Middle East, as a three-year old crude surplus has wiped out any real fear over supply, but one of the world's largest security consultants says there are red flags the market cannot ignore. Nordstrom family explores taking retailer private, shares surge (Reuters) - Department store operator Nordstrom Inc said on Thursday that some members of the Nordstrom family were considering taking the company private as it struggles with an industry-wide sales slowdown. Adidas optimistic new shoe models will drive U.S. recovery (Reuters) - Adidas is optimistic that strong demand for new shoe models will drive its recovery in the U.S. market even as the popularity of classics such as the Superstar and Stan Smith wane, the company's North America head told Reuters. Related Video Heat is on Italy's struggling banks Breakingviews TV: Stocks vs. bonds 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