Bhinneka News Online: Breaking business news: Wall St. ends flat as media stocks slump, healthcare gains

Thursday, 7 September 2017

Breaking business news: Wall St. ends flat as media stocks slump, healthcare gains

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Thursday, September 7, 2017

Wall St. ends flat as media stocks slump, healthcare gains

(Reuters) - Wall Street ended little changed on Thursday after a moderate late-day rally as media stocks, which slumped on negative business updates from Walt Disney and Comcast, were offset by gains in healthcare shares.

Amazon opens bidding to cities for $5 billion 'HQ2', a second headquarters

(Reuters) - Amazon.com Inc said on Thursday it would build a $5 billion second headquarters in North America, kicking off a competition between cities and states to offer tax cuts and incentives that could bring 50,000 new jobs.

Apple's new iPhone could face supply shortfalls after launch: WSJ

(Reuters) - Apple Inc's new iPhone had hit production glitches early in its manufacturing process and could lead to supply shortfalls and shipping delays following its launch next week, the Wall Street Journal reported on Thursday.

Whirlpool's washer battle with Samsung, LG heats up at trade hearing

WASHINGTON (Reuters) - Appliance giant Whirlpool Corp on Thursday called on the U.S. International Trade Commission to impose "global safeguard" restrictions on imported washing machines to stop its South Korean rivals Samsung and LG from flooding the American market with cheap machines.

VW eyes sale of assets accounting for 20 percent of revenues: WSJ

FRANKFURT (Reuters) - Volkswagen is actively working on deals to sell non-core assets accounting for as much as 20 percent of the German carmaker's annual revenues, The Wall Street Journal quoted its chief executive as saying on Thursday.

JPMorgan creates joint venture for retail, internet banking: memo

(Reuters) - Merger and acquisition dealmakers make their livings advising companies on mergers, sales and spinoffs. But this time, investment bankers at JPMorgan Chase & Co are working on an internal deal of their own.

Ex-bank manager to face charges in Philippines for cyber heist, others cleared

MANILA (Reuters) - Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering tens of millions of dollars stolen from Bangladesh's central bank last year, but they cleared two casino agents and a remittance firm.

Hurricane Harvey boosts U.S. jobless claims to more than two-year high

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits jumped to a more than two-year high last week amid a surge in applications in hurricane-ravaged Texas, but the underlying trend remained consistent with a strong labor market.

Lilly to lay off 8 percent of employees in bid to cut costs

(Reuters) - Eli Lilly and Co said on Thursday it would lay off about 8 percent of its employees as the drugmaker, which has suffered setbacks over the past year in the development of two potential blockbuster drugs, works to cut costs.

Disney, Comcast shares fall on disappointing forecasts

(Reuters) - Shares of Walt Disney Co and Comcast Corp tumbled on Thursday after Disney warned of stagnant earnings and No. 1 cable operator Comcast forecast more subscriber losses.