Breaking business news: Rising rates slam Wall St.; Dow sees biggest drop since 2016

Click to View in Browser Friday, February 2, 2018 Rising rates slam Wall St.; Dow sees biggest drop since 2016 NEW YORK (Reuters) - All three major U.S. stock indexes tumbled Friday with the Dow seeing its worst percentage drop since June 2016 as climbing bond yields prompted a selloff in equities. U.S. hiring accelerates; annual wage growth strongest since 2009 WASHINGTON (Reuters) - U.S. job growth surged in January and wages increased further, recording their largest annual gain in more than 8-1/2 years, bolstering expectations that inflation will push higher this year as the labor market hits full employment. Exclusive: Merck's consumer health sale at risk as Nestle bows out - sources LONDON/FRANKFURT (Reuters) - The sale of Merck KGaA's consumer health unit has been thrown off track after Nestle has pulled out, leaving the race to buy the maker of Seven Seas vitamins without its main contender, sources familiar with the matter told Reuters. Apple stock loses some sheen on disappointing iPhone sales (Reuters) - Apple Inc's hint of returning a ton of cash to shareholders was not enough to move investors who worried more about the iPhone maker's weak outlook amid reports of production cuts for its flagship iPhone X. AT&T merger judge says 'no big issues' in trial preparations WASHINGTON (Reuters) - The U.S. judge who will decide if wireless and pay TV provider AT&T Inc may purchase Time Warner Inc said on Friday that he saw "no big issues" in pre-trial preparations. Dell says it will explore IPO or merger with VMware (Reuters) - Computer maker Dell Technologies Inc said on Friday it was considering a public offering of common stock or a combination with business software maker VMware Inc , its publicly held subsidiary. Wall Street says Starbucks has too many stores, prices too high (Reuters) - Starbucks Corp has too many stores and its prices are too high, Wall Street analysts are starting to agree, as they seek to explain the company's slowing U.S. growth. Interest rate angst trips up U.S. equity bull market NEW YORK (Reuters) - For nearly nine years, the global hunt for yield sent you to one place: the U.S. stock market. Exxon, Chevron shares plunge after weak results spook Street HOUSTON (Reuters) - Exxon Mobil Corp and Chevron Corp posted rare quarterly earnings misses on Friday as cost cuts and rising oil prices failed to offset weakness in international refining operations, sending shares of both companies plunging. Boeing proposes Embraer tie-up excluding defense unit: source BRASILIA (Reuters) - Boeing Co has sought the Brazilian government's approval of a partnership with planemaker Embraer SA that would create a new company focused on commercial aviation, a person familiar with the matter said on Friday. Related Video Boeing, Embaer talk about joint ventures Boeing to make aircraft seats with Adient 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