Thursday, 8 February 2018

Wall Street tumbles again as S&P, Dow confirm correction

Wall Street tumbles again as S&P, Dow confirm correction

NEW YORK (Reuters) - U.S. stocks plunged anew on Thursday in another trading session with big swings, as equities remained in a tug-of-war with bond yields, volatility remained high, and investors failed to see a bottom of the market ahead.

U.S. jobless claims drop to near 45-year low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years as the labor market tightened further, bolstering expectations of faster wage growth this year.

Qualcomm rejects Broadcom's revised buyout offer

(Reuters) - Chipmaker Qualcomm Inc said on Thursday its board had unanimously rejected Broadcom Ltd's revised $121 billion buyout offer.

News Corp quarterly revenue rises 3 percent

(Reuters) - Wall Street Journal-owner News Corp reported a 3 percent rise in quarterly revenue on Thursday, helped by growth in its digital real estate business.

U.S. senators ask consumer watchdog head for details on Equifax probe

WASHINGTON (Reuters) - A group of 31 U.S. senators said on Thursday they had written to the leadership of the Consumer Financial Protection Bureau (CFPB) demanding information on the consumer watchdog's stalled probe into credit reporting agency Equifax Inc's massive data breach.

AIG posts $6.7 billion loss on tax reform, catastrophes

(Reuters) - American International Group Inc posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes.

Uber board got assurances on diligence ahead of self-driving deal: investor

SAN FRANCISCO (Reuters) - A key Uber investor testified on Thursday that the company's board received assurances that due diligence had turned up no problems with a self-driving car startup which Uber acquired, differing from testimony by Uber's former chief executive.

Nvidia shares surge 6 pct as profit, revenue beat estimates

(Reuters) - Nvidia Corp reported a better-than-expected 34 percent jump in quarterly revenue on Thursday, underpinned by strong demand for its graphics chips used in data centers, gaming devices, self-driving vehicles and in cryptocurrency mining.

U.S. airlines cut involuntary passenger bumping to lowest rate on record

NEW YORK (Reuters) - U.S. airlines reduced the number of passengers involuntarily bumped from their seats on crowded planes to the lowest number on record in 2017, the U.S. Department of Transportation said on Thursday.

Ford has applied for German banking license due to Brexit: Frankfurter Allgemeine

FRANKFURT (Reuters) - U.S. carmaker Ford has applied for a banking license in Germany to ensure its car financing business can continue on the continent once Britain leaves the European Union, a German newspaper said.

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