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Jobless claims drop, point to stronger labor market

Jobless claims drop, point to stronger labor market

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a sign the labor market may be tightening.




Reuters: Business News

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Emirates president says Ebola hits Asian demand for Africa flights

Emirates president says Ebola hits Asian demand for Africa flights

DUBAI (Reuters) – The president of Emirates airlines [EMIRA.UL] said on Thursday that demand for flights to Africa from Asia has fallen due to concerns over the Ebola virus.




Reuters: Business News

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Fiat needs more than the 500 to turn core brand around

Fiat needs more than the 500 to turn core brand around

PARIS (Reuters) – While rivals roll out new models and concept cars, Fiat has little to show at the Paris auto show besides another variant of its retro-styled 500 compact car, in what is starting to look like a worrying trend for the carmaker’s namesake brand.


Reuters: Business News

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Europe’s carmakers walk tightrope between low cost and high spec

Europe’s carmakers walk tightrope between low cost and high spec

PARIS (Reuters) – Carmakers are betting on style and recycling in the battle for Europe’s burgeoning small car market, adding hi-tech safety and entertainment features while often using older vehicle underpinnings as a way to keep prices down.


Reuters: Business News

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Philips Electronics to appeal ruling in $467 million patent lawsuit

Philips Electronics to appeal ruling in $467 million patent lawsuit

(Reuters) – Dutch healthcare equipment company Philips said on Thursday it would appeal against a U.S court ruling ordering it to pay $ 466.8 million in compensation to Masimo Corp for infringing two patents.




Reuters: Business News

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Tesla factory near Reno is bet old Nevada will meet the new

Tesla factory near Reno is bet old Nevada will meet the new

RENO Nevada (Reuters) – Lance Gilman bounced his white GMC truck up a hill in the high desert country east of Reno, Nevada, and paused at the top to survey his property. Spread out below lay the 165-square-mile Tahoe-Reno Industrial Center, about the size of Rhode Island.


Reuters: Business News

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PayPal spawn have advanced where PayPal stood still

PayPal spawn have advanced where PayPal stood still

SAN FRANCISCO (Reuters) – PayPal’s biggest threat as it prepares to split from eBay next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.


Reuters: Business News

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Pimco Total Return Fund posts record $23.5 billion net outflow in September

Pimco Total Return Fund posts record $23.5 billion net outflow in September

(Reuters) – Pacific Investment Management Co suffered a record $ 23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Bill Gross’s surprise resignation from the firm.




Reuters: Business News

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Asia down as Ebola scare hits Wall St., dollar rally on pause

Asia down as Ebola scare hits Wall St., dollar rally on pause

TOKYO (Reuters) – Asian stocks fell on Thursday, dragged lower after the first case of Ebola diagnosed in the United States spooked Wall Street overnight, while a bout of risk aversion pushed down yields and put the dollar’s recent rally on pause.


Reuters: Business News

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Bank of America names CEO Moynihan chairman of board

Bank of America names CEO Moynihan chairman of board

(Reuters) – Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.




Reuters: Business News

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