Bhinneka News Online: Reuters Business Today: August 3, 2017

Thursday, 3 August 2017

Reuters Business Today: August 3, 2017

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Thursday, August 3, 2017

Dow hits record high as Amazon, Apple pull down S&P 500

(Reuters) - The S&P 500 and the Nasdaq fell on Thursday, weighed down by Amazon.com, Apple and other top-shelf technology stocks, while the Dow Jones Industrial Average edged up to a seventh straight record high.

Exclusive: Goldman Sachs buys into Aramco $10 billion loan as it seeks IPO role - sources

DUBAI (Reuters) - Goldman Sachs has bought a slice of Saudi Aramco's $10 billion credit facility as it seeks a role in the historic listing of the oil company, sources familiar with the matter told Reuters.

U.S. labor market tightening; services sector growth slowing

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labor market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio.

Viacom reports better-than-expected revenue, profit

(Reuters) - Viacom Inc, the owner of MTV, Comedy Central and Paramount, posted better-than expected quarterly revenue and profit as higher affiliate revenue offset continued declines in U.S. advertising revenue.

Tesla surges as Wall Street bets on Model 3

SAN FRANCISCO (Reuters) - Tesla Inc jumped 6 percent on Thursday as its quarterly report fueled bets that its new Model 3 sedan will propel the luxury electric carmaker into the mainstream.

MetLife sees charges of $1 billion in third quarter; shares down

(Reuters) - MetLife Inc's shares were down 2.6 percent on Thursday after the largest U.S. life insurer said it expected charges of about $1 billion in the third quarter related to the spinoff of its U.S. retail business, Brighthouse Financial.

Dish misses profit expectations but limits subscriber losses

(Reuters) - Dish Network Corp's shares declined on Thursday after the satellite television provider's quarterly results missed analysts' estimates, and its chief executive declined to give specifics on merger discussions, saying that the company was focused on building its new wireless network.

Toyota to take 5 percent stake in Mazda: Nikkei

(Reuters) - Toyota Motor Corp would take a roughly 5 percent stake in Mazda Motor Corp to establish a U.S. auto plant and develop key electric vehicle technologies, the Nikkei reported.

Health insurer Aetna profit rises as Obamacare business shrinks

(Reuters) - Aetna Inc reported a higher-than-expected quarterly profit on Thursday as member health costs were lower than anticipated and it benefited from exiting most of its Obamacare individual insurance markets this year.

Bats takes a swing at NYSE and Nasdaq in closing auctions spat

NEW YORK (Reuters) - Bats, the CBOE Holdings Inc-owned exchange operator, lambasted the New York Stock Exchange and Nasdaq Inc over their criticism of a Bats plan to compete for end-of-day stock orders, calling it disingenuous in a letter to regulators.