Breaking business news: Wall Street gains on solid earnings, dollar drop

Click to View in Browser Thursday, January 25, 2018 Wall Street gains on solid earnings, dollar drop NEW YORK (Reuters) - U.S. stocks opened higher on Thursday, buoyed by solid earnings reports and a decline in the dollar after comments from European Central Bank President Mario Draghi. At Davos, delegates talk down Trump but bet big on America DAVOS, Switzerland (Reuters) - Since Donald Trump won the U.S. presidency, business has been booming for Monaco-based businessman Manfredi Lefebvre d'Ovidio. Exclusive: J&J out of race for Pfizer's $20 billion consumer unit as deadline looms LONDON/NEW YORK/FRANKFURT (Reuters) - Johnson & Johnson has pulled out of the race to buy Pfizer's consumer health business, leaving GlaxoSmithKline and Reckitt Benckiser among those preparing bids, according to sources familiar with the matter. U.S. jobless claims rise from 45-year low; labor market tightening WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rebounded from a 45-year low last week, though by less than expected, pointing to tightening labor market conditions. Qualcomm signs $2 billion sales MOUs with Lenovo, Xiaomi, vivo and OPPO (Reuters) - Qualcomm Technologies Inc has signed memorandums of understanding for sales worth at least $2 billion with top Chinese smartphone vendors, receiving vocal support from the firms as it fights an unsolicited buyout bid from Broadcom Ltd . Nestle, Atari settle lawsuit over Kit Kat campaign (Reuters) - Nestle SA has settled a lawsuit in which Atari SA accused the Swiss food company of using the hit 1970s video game "Breakout" without permission to sell Kit Kat bars. Caterpillar profit beats estimates on buoyant global demand (Reuters) - Caterpillar Inc's profit trounced forecasts for the seventh straight quarter on Thursday as buoyant global demand from construction, mining and energy industries drove a 35-percent surge in equipment sales. American Airlines profit falls as labor, fuel costs surge NEW YORK (Reuters) - American Airlines on Thursday reported an 11 percent drop in quarterly profit from a year earlier as labor and fuel costs bloated operating expenses, sending shares lower in premarket trading. American, the No. 1 U.S. carrier by passenger traffic, reported fourth-quarter net profit of $258 million, or 54 cents per share, down $31 million from $289 million, or 56 cents a share, a year earlier. Sky says news is not a critical part of its business LONDON (Reuters) - Sky said Sky News was not a "critical" part of its customer offer, and no longer owning the 24-hour news channel would not make a material difference to its business. U.S. sparks fears of trade war as Trump arrives in Davos DAVOS, Switzerland (Reuters) - A day after sending the dollar reeling with comments supportive of a weak U.S. currency, U.S Treasury Secretary Steven Mnuchin said the Trump administration was not seeking a trade war but would defend its economic interests. Related Video U.S. dollar will fall further, says Andy Kapyrin Trump: Trade between US and UK will increase 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