Thursday, 6 July 2017

Breaking business news for July 6, 2017

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Thursday, July 6, 2017
Futures lower ahead of trade, ADP jobs data
(Reuters) - U.S. stock index futures were lower on Thursday ahead of data on trade and private sector hiring, a day after the Federal Reserve's policy minutes failed to provide a clear picture of future interest rate increases.
Oil recovers from fall, bond yields regain traction
LONDON (Reuters) - Oil recovered from a heavy fall while European stocks and bonds were in the red on Thursday, as markets waited to see if ECB meeting minutes would give clues on the bank's next moves.
Qatar Airways aims to start buying American Airlines shares 'soon'
DUBLIN (Reuters) - Qatar Airways Chief Executive Akbar al-Baker said on Thursday the Doha-based carrier would soon start buying shares in American Airlines "depending on the share price."
EU charges Merck KGaA, GE, Canon over merger rules
BRUSSELS (Reuters) - General Electric , German drugmaker Merck KGaA , and Japan's Canon risk hefty fines after EU antitrust regulators accused them of providing misleading information during separate merger deals.
Volkswagen recalls 766,000 VW cars worldwide for brake system update
BERLIN (Reuters) - Volkswagen is recalling 766,000 vehicles of its core passenger car brand worldwide for a software update to their braking control systems, a spokesman said.
U.S. jobless claims rise for third straight week
WASHINGTON, (Reuters) - The number of Americans filing for unemployment benefits unexpectedly rose for a third straight week last week, likely as some automakers closed assembly plants for the annual summer retooling.
Konica Minolta to buy Ambry Genetics, deal worth up to $1 billion
TOKYO (Reuters) - Konica Minolta Inc said it was purchasing U.S. diagnostics company Ambry Genetics in a deal valued at up to $1 billion - an acquisition that marks a strategic shift for the Japanese firm's healthcare business as it seeks a leading position in precision medicine.
U.S. cars a tough sell in South Korea even as Trump targets trade deal
SEOUL (Reuters) - U.S. auto imports from the likes of General Motors and Ford Motor must become more chic, affordable or fuel-efficient to reap the rewards of President Donald Trump's attempts to renegotiate a trade deal with key ally South Korea, officials and industry experts in Seoul say.
Ford's China sales bounce back in June as tax impact fades
BEIJING (Reuters) - Ford Motor Co said its China sales surged 15 percent in June, their strongest pace of the year, and it was optimistic about the outlook for the second half as the industry puts the phasing out of a tax cut behind it.
Symantec to buy Israeli cybersecurity firm Fireglass
SAN FRANCISCO (Reuters) - Symantec Corp is acquiring Israeli cybersecurity startup Fireglass, the company said on Thursday, in a small deal designed to boost its products that protect corporate email and web browsing from threats.
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