Tuesday, 9 January 2018

Breaking business news: Wall Street climbs with boost from healthcare, banks

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Tuesday, January 9, 2018
Wall Street climbs with boost from healthcare, banks
(Reuters) - Wall Street's major indexes extended the New Year rally to close at record levels on Tuesday on investor optimism ahead of quarterly earnings reports and hopes for easing tensions with North Korea.
Uber reaches $3 million settlement with New York drivers over fees
(Reuters) - Uber Technologies Inc [UBER.UL] agreed to pay up to $3 million to settle a proposed class-action lawsuit brought on behalf of 2,421 drivers in New York who accused the ride-sharing company of docking excessive fees from their fares.
Microsoft says security patches slowing down PCs, servers
(Reuters) - Microsoft Corp said on Tuesday the patches released to guard against Meltdown and Spectre security threats slowed down some personal computers and servers, with systems running on older Intel Corp processors seeing a noticeable decrease in performance.
U.S. job openings, layoffs fall to six-month lows in November
WASHINGTON (Reuters) - U.S. job openings fell for a second straight month in November, with declines in the manufacturing and real estate sectors, supporting economist forecasts that job growth will slow in 2018.
Continental to flesh out possible overhaul by the summer: CFO
BERLIN/HAMBURG (Reuters) - Germany's Continental is in talks with banks about a possible structural overhaul of the auto parts and tire maker and aims to flesh out its plans within six months, its finance chief said.
Eastman Kodak unveils cryptocurrency, stock doubles
SAN FRANCISCO (Reuters) - Shares of Eastman Kodak Co more than doubled on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon.
GSK CEO says looking at Pfizer consumer business, but not a priority
(Reuters) - GlaxoSmithKline's new chief executive said on Tuesday that the British drugmaker would have a look at Pfizer Inc's consumer products business, but would not overpay for the asset.
Boeing set to top Airbus with record 763 jets in 2017
NEW YORK (Reuters) - Boeing Co said on Tuesday it delivered an industry-record 763 jetliners in 2017, likely beating European rival Airbus SE to retain the title of world's biggest plane maker.
Target lifts profit forecast after holiday sales jump
(Reuters) - Target Corp raised its quarterly profit and sales forecasts on Tuesday on the back of surging online sales and customer visits in November and December, putting the U.S. retailer on track for the best quarter in five years.
Toyota expands U.S. Takata air bag recall to 600,000 extra vehicles
WASHINGTON (Reuters) - Toyota Motor Corp said on Tuesday it was expanding its safety recall involving Takata Corp front passenger air bag inflators to cover about 601,300 additional vehicles in the United States. [http://toyota.us/2CV24Wl]
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