Breaking business news: Wall St. rises with oil prices, earnings optimism

Click to View in Browser Thursday, January 11, 2018 Wall St. rises with oil prices, earnings optimism (Reuters) - Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season. Walmart hikes minimum wage, announces layoffs on same day NEW YORK (Reuters) - Walmart will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month's major overhaul of the U.S. tax code and competes for low wage workers in a tight labor market. Ford urges 2,900 pickup owners to stop driving after new Takata death WASHINGTON (Reuters) - Ford Motor Co said on Thursday it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp and urged 2,900 owners in North America to stop driving immediately until they can get replacement parts. More layoffs at Indiana factory Trump made deal to keep open INDIANAPOLIS (Reuters) - More than 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 to trumpet a deal to save jobs and prevent its closure. Berkshire energy unit names CEO to replace potential Buffett successor (Reuters) - Berkshire Hathaway Inc's energy unit on Thursday named William Fehrman as its new chief executive to replace Gregory Abel, who was promoted a day earlier to oversee more Berkshire units, and potentially succeed Warren Buffett. Peter Thiel submits bid for Gawker, faces challenges NEW YORK (Reuters) - Venture capitalist Peter Thiel has made an offer for Gawker, hoping to overcome legal hurdles and rival bidders for the online news site the billionaire helped shutter by funding litigation against it, people familiar with the matter said on Thursday. Luxury group Kering to spin off Puma to its own shareholders FRANKFURT/LONDON (Reuters) - Gucci-owner Kering plans to spin off German sports brand Puma to the French conglomerate's shareholders to focus squarely on its luxury brands. Hong Kong, London, New York shortlisted for Aramco IPO: sources DUBAI/LONDON (Reuters) - Saudi Arabia has shortlisted New York, London and Hong Kong - singly or in a combination of two or even all three - for the international portion of the listing of national oil company Aramco, two sources with knowledge of the discussions said. Wal-Mart's Sam's Club to shut some stores after review (Reuters) - Sam's Club, a unit of Wal-Mart Stores Inc , said it had closed a series of stores following a review, the membership-only store chain said in a tweet on Thursday. Tivo hits Comcast with new round of patent lawsuits (Reuters) - Tivo Corp has again sued cable operator Comcast Corp of using its patented interactive programing technology without authorization, the latest salvo in the companies' long-running royalty dispute. Related Video Walmart to hike wages, citing recent tax overhaul Breakingviews TV: Software M&A 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 2018 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