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Thursday, January 8, 2015

Daily Investor Briefing: Wall Street has second straight rally...

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Wall Street has second straight rally of more than 1 percent
(Reuters) - U.S. stocks rallied more than 1 percent for a second day on Thursday, boosted by expectations the U.S. economy will continue to improve and hopes of more aggressive action from the European Central Bank.
U.S. jobless claims dip; 2014 layoffs lowest in 17 years
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined sharply in December, suggesting the labor market is tightening.
McDonald's to cut 63 headquarters jobs in cost reduction
(Reuters) - McDonald's Corp will cut 63 jobs at its corporate headquarters as part of a plan to reduce costs by $100 million as it looks to increase sales and reverse traffic declines in its major markets.
Oil holds as traders search for floor to rout; Brent above $50
NEW YORK (Reuters) - Global oil prices were little changed on Thursday, with better-than-expected U.S. jobs and other data helping the market hold steady after recovering from a four-day losing streak a day earlier.
GM CEO sees U.S. auto market flattening, but room for growth
DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra said growth in the U.S. auto market will flatten out this year, although a strong economy and falling gasoline prices should sustain demand.
ECB risks undermining QE if it opts for compromise plan
LONDON (Reuters) - The ECB is considering three main options for pumping money into the struggling euro zone economy but two of them could hurt confidence in the bloc's most indebted states, defeating the object of the exercise.
Starboard reiterates Yahoo should combine with AOL
(Reuters) - Activist-investor Starboard Value LP has reiterated that Yahoo Inc should consider a merger with AOL Inc and cut costs to improve profits, spurred by media reports that Yahoo is exploring other large-scale acquisitions.
Honda to pay $70 million for failure to report deaths, injuries
WASHINGTON (Reuters) - Honda Motor Co has agreed to pay $70 million to the U.S. government in penalties for failing to report hundreds of injuries, deaths and other consumer claims involving its cars, transportation officials said on Thursday.
Exclusive: Oil glut spurs top traders to book supertankers for storage at sea
LONDON (Reuters) - Some of the world's largest oil traders have this week hired supertankers to store crude at sea, marking a milestone in the build-up of the global glut.
Car makers pay to keep Chinese dealers happy as market slows
SHANGHAI/FRANKFURT (Reuters) - After years of outsized growth that turned China into the world's biggest car market, a slowdown is exacerbating tensions between global automakers and local car dealers, with smaller margins leading to tougher negotiations over sharing profits.
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