Breaking business news: Wall Street opens higher after December jobs data

Click to View in Browser Friday, January 5, 2018 Wall Street opens higher after December jobs data (Reuters) - Wall Street's main indexes opened at records on Friday as investors looked beyond weaker-than-expected U.S. job additions in December and took support from signs of a pick-up in wage growth. U.S. job growth cools as labor market nears full employment; wages rise WASHINGTON (Reuters) - U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March. Apple, researchers eye patches to solve Intel chip flaws FRANKFURT/BENGALURU (Reuters) - Security issues with Intel Corp microchips are only slowing computers slightly, technology companies said, as researchers played down the need for mass hardware replacements to protect millions of devices from hackers. Uber ex-CEO Kalanick selling nearly a third of stake for $1.4 billion: source (Reuters) - Uber Technologies Inc co-founder Travis Kalanick, who was ousted as chief executive in June, is selling nearly a third of his 10 percent stake in the ride-services company for about $1.4 billion, a person familiar with the matter said on Thursday. Morgan Stanley to take $1.25 billion hit in the fourth quarter from the tax bill (Reuters) - Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the U.S. tax code overhaul. Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO DUBAI (Reuters) - Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year. Airbus in talks to sell at least 100 jets to China: sources PARIS (Reuters) - Airbus is in talks to sell 100 or more jetliners to China during a visit by French President Emmanuel Macron to Beijing next week, people familiar with the negotiations said. Constellation misses on sales, wine and spirits disappoint (Reuters) - Corona maker Constellation Brands Inc missed Wall Street estimates for third quarter sales on Friday and said wine and spirit volumes for the full-year would be at the low end of its prior forecast. Exclusive: Renault-Nissan sets up $200 million fund to tap startups: sources PARIS (Reuters) - The Renault-Nissan-Mitsubishi alliance is pooling $200 million in a new mobility tech fund, three sources said, in the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture capital arms. Investors sense opportunities in Big Oil - but mind the gap LONDON (Reuters) - Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks. Related Video Breakingviews TV: Murdoch wins Can a 'latte levy' tackle the recyclable cup myth? 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