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Updated: 51 min 36 sec ago

Exclusive: Saudi Aramco advisers favor London for historic IPO - sources

1 hour 6 min ago
DUBAI/LONDON (Reuters) - Saudi Aramco's advisers have recommended London for the historic listing of the oil company, with U.S. disclosure rules a concern for Saudi authorities, sources familiar with the matter told Reuters.

U.S. regulators to approve fix for more than 300,000 VW diesels: sources

1 hour 13 min ago
WASHINGTON (Reuters) - The U.S. Environmental Protection Agency and California Air Resources Board will approve later on Thursday a fix for more than 300,000 older Volkswagen AG diesel cars, two people briefed on the matter said.

Facebook shares surge as results quash fears of slowing growth

2 hours 44 min ago
(Reuters) - Shares of Facebook Inc touched a record high on Thursday on the back of overwhelmingly positive quarterly results, adding more than $27 billion to its market value.

Citigroup to move part of private banking to Madrid due to Brexit: source

2 hours 48 min ago
MADRID (Reuters) - Citigroup is at an advanced stage in plans to move part of its private banking unit from London to Madrid next year as a result of Britain's decision to leave the European Union, a source familiar with the matter said on Thursday.

Wall St. opens at record high after strong earnings

3 hours 10 min ago
(Reuters) - U.S. stocks added to their record levels at the open on Thursday, helped by a flurry of strong corporate earnings reports that boosted sentiment.

U.S. durable goods, trade data point to pick-up in second-quarter growth

3 hours 17 min ago
WASHINGTON (Reuters) - New orders for key U.S.-made capital goods unexpectedly fell in June, but a fifth straight monthly increase in shipments suggested that business spending on equipment supported economic growth in the second quarter.

Jobless claims rise from three-month low

4 hours 12 min ago
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rebounded from a three-month low last week, but remained below a level consistent with a tightening labor market.

Exclusive: Not Made in America - Wal-Mart looks overseas for online vendors

4 hours 22 min ago
CHICAGO (Reuters) - Walmart.com, trailing Amazon.com Inc in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart's Made-in-America campaign.

Starbucks to buy remaining stake in East China JV for $1.3 billion

5 hours 5 min ago
(Reuters) - Coffee chain Starbucks Corp said on Thursday it would buy the remaining 50 percent share of its East China business from its joint venture (JV) partners for about $1.3 billion, in its biggest ever acquisition.

Conoco Phillips trims capex after posting quarterly loss

5 hours 31 min ago
(Reuters) - U.S. oil and natural gas producer ConocoPhillips posted a quarterly loss on Thursday and cut its 2017 capital spending by 4 percent to $4.8 billion, part of a reaction to depressed crude prices .

Twitter struggles to boost monthly user growth, shares fall

5 hours 43 min ago
(Reuters) - Twitter Inc failed to add users on a monthly basis in the second quarter, compared with the first quarter, amid fierce competition from Facebook Inc and Snap Inc's fast-growing messaging app Snapchat.

Dow Chemical's operating profit up on price gains, cost cuts

5 hours 58 min ago
(Reuters) - Chemicals and seeds company Dow Chemical Co , which is merging with DuPont , reported higher operating earnings, helped by price gains across businesses and cost cuts.

Exclusive: 'High Times' ready to roll with public offering - sources

5 hours 59 min ago
(Reuters) - The publisher of iconic marijuana enthusiast magazine, "High Times," plans to take the company public in the fall, two sources familiar with the situation told Reuters this week, as an increasing number of U.S. states legalize the drug.

Verizon's revenue rises for first time in five quarters

6 hours 1 min ago
(Reuters) - Verizon Communications Inc's quarterly revenue rose marginally, its first increase in five quarters, as the No. 1 U.S. wireless carrier attracted more subscribers with its unlimited data plans.

At 'bare bones' Noble Group, staff exits and debt pose more risks

6 hours 3 min ago
SINGAPORE (Reuters) - Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and industry sources say.

Comcast results top estimates on film, theme parks growth

6 hours 21 min ago
NEW YORK (Reuters) - Comcast Corp's quarterly results topped Wall Street analysts' estimates on higher revenue in its filmed entertainment and theme parks businesses, even as the No. 1 U.S. cable operator lost video subscribers.

VW to offer to refit 4 million diesel cars: CEO

7 hours 25 min ago
WOLFSBURG, Germany (Reuters) - Volkswagen plans to offer to refit 4 million diesel cars at a meeting with German government officials to discuss ways to avoid diesel bans in major cities, Chief Executive Matthias Mueller said on Thursday.

Europe's oil giants recover from three-year slump

8 hours 6 min ago
LONDON/PARIS (Reuters) - Europe's major oil and gas companies have turned a corner after a three-year slump, reporting strong growth in profits as cost cutting paid off and vowing to press on with saving more money amid a fragile recovery in oil prices.

Round Two: Elliott Advisors, Akzo Nobel resume combat in Dutch court

8 hours 37 min ago
AMSTERDAM (Reuters) - Activist hedge fund Elliott Advisors on Thursday pressed ahead with a second lawsuit seeking to oust the chairman of Dutch paints group Akzo Nobel over his rejection of a 26.3 billion euro ($30 billion) takeover proposal from U.S. group PPG Industries.

VW profit jumps as core brand pushes cost cuts, models

9 hours 37 min ago
BERLIN (Reuters) - Volkswagen said group operating profit more than doubled in the second quarter, helped by cost cuts and higher-margin new models at its core namesake brand.

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