Friday, 3 November 2017

Breaking business news: Apple CEO Cook breathes new life into old iPhones

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Friday, November 3, 2017
Apple CEO Cook breathes new life into old iPhones
(Reuters) - By delivering solid financial results that beat Wall Street's expectations for both revenues and profits on Thursday, Apple Inc's CEO Tim Cook put to rest concerns that the company's flagship device, the iPhone X, wouldn't be ready in time for the holiday shopping season.
U.S. job growth accelerates, jobless rate falls to 4.1 percent
WASHINGTON (Reuters) - U.S. job growth accelerated in October after hurricane-related disruptions hurt employment in September, but there were signs that labor market momentum was slowing as annual wage gains sharply retreated.
Trump taps Fed centrist Powell to lead U.S. central bank
WASHINGTON (Reuters) - President Donald Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank, breaking with precedent by denying Janet Yellen a second term but signaling a continuation of her cautious monetary policies.
World stocks take breather, dollar inches up ahead of payrolls
LONDON (Reuters) - World shares took a breather and the dollar crept up on Friday, as investors turned their attention to monthly U.S. jobs data after welcoming the appointment of a centrist to the helm of the country's central bank, the Federal Reserve.
T-Mobile and Sprint work to save merger talks: WSJ
FRANKFURT (Reuters) - T-Mobile US and Sprint are working to salvage their $74 billion merger and could reach a deal within weeks, the Wall Street Journal reported, citing people familiar with the matter.
Singapore police examine Goldman's role in 1MDB deals: Bloomberg
(Reuters) - Singaporean prosecutors and police are looking at Goldman Sachs Group's relationship with scandal-hit Malaysian state investment fund 1MDB, Bloomberg reported, citing people familiar with the matter.
Futures extend gains after October jobs report
(Reuters) - U.S. stock index futures slightly extended gains on Friday after a Labor Department report showed October nonfarm payrolls rose, after hurricane-related disruptions hurt employment in September.
Central bankers on the move, but where's the inflation?
LONDON (Reuters) - Now the Bank of England has raised interest rates for the first time in a decade, it is beyond doubt major central banks in industrialized economies are eager to shift away from ultra-easy policy.
GSK's R&D head to leave for top UK government job: source
LONDON (Reuters) - GlaxoSmithKline's research and development head Patrick Vallance is set to leave the drugmaker to become the British government's new chief scientific adviser, a person familiar with the matter said on Friday.
Toyota China sales likely to grow steadily but lag Japan rivals
BEIJING (Reuters) - Toyota Motor Corp , Japan's biggest automaker by volume, has fallen to the No. 3 spot among Japanese automakers in China, due to lack of presence in a key segment – a situation experts say will likely prevail well past the middle of 2018.
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