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Thursday, January 29, 2015

Business Today: U.S. jobless claims drop sharply to near 15-year low

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U.S. jobless claims drop sharply to near 15-year low
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits tumbled last week to its lowest level in nearly 15 years, adding to bullish signals on the labor market.
Fed rate outlook weighs on stocks, lifts dollar
LONDON (Reuters) - European stocks slipped and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signaled it was on track to raise interest rates this year.
Time Warner Cable continues to lose video subscribers
(Reuters) - Time Warner Cable Inc , the second-largest U.S. cable TV operator, reported lower-than-expected revenue as more customers switch to internet streaming services offered by companies such as Netflix Inc .
Alibaba quarterly revenue disappoints, shares fall
(Reuters) - Alibaba Group Holding Ltd's quarterly revenue fell short of analysts' expectations, showing signs of a slowdown in the Chinese e-commerce company's scorching growth.
Conoco has quarterly loss, cuts capex again on oil slide
(Reuters) - ConocoPhillips , the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices.
Ford profit beats estimates, but European outlook worsens
DETROIT (Reuters) - Ford Motor Co on Thursday said it would keep relying on North America for its profit this year as the No. 2 U.S. automaker signaled that losses in Europe would be more than previously forecast.
Exclusive: BOC Hong Kong considering sale of $6 billion bank unit - sources
HONG KONG/SHANGHAI (Reuters) - Lender BOC Hong Kong Holdings Ltd is considering a sale of subsidiary Nanyang Commercial Bank (NCB) that could fetch about $6 billion, in a bid to stop cannibalizing the China business of its parent, people familiar with the matter said.
Brent oil holds above $48 after U.S. stocks hit record high
LONDON (Reuters) - Brent oil futures held above $48 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks.
Facebook tops Wall Street revenue target in fourth quarter
SAN FRANCISCO (Reuters) - Facebook Inc's revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales.
Airbus confirms A400M management change, reorganization
PARIS (Reuters) - Airbus Group on Thursday confirmed a shake-up in its military aircraft business after fresh problems with the A400M and said the troubled military transporter project would be restructured, splitting production away from development.
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