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Yahoo

Business - U.S. weekly jobless claims rise less than expected


The number of Americans filing for unemployment benefits increased less than expected last week, a sign that the labor market was continuing to tighten. Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 239,000 for the week ended Feb. 11, the Labor Department said on Thursday. Claims have been below 300,000, a threshold associated with a strong labor market, for 102 consecutive weeks.


Thursday, February 16, 2017  13:37

Yahoo

Business - German minister backs Peugeot-Opel deal after GM assurances


By Pamela Barbaglia and Ilona Wissenbach LONDON/FRANKFURT (Reuters) - Germany expects PSA Group`s proposed acquisition of General Motors` Opel business to go ahead, a minister said on Thursday, after the U.S. carmaker sought to allay fears of large-scale plant closures. `I expect it to take place,` Economy Minister Brigitte Zypries told reporters after discussions with senior executives from General Motors and PSA, maker of Peugeot and Citroen cars. The German government is `doing everything we can` to preserve Opel`s domestic plants, Zypries said.


Thursday, February 16, 2017  19:43

Yahoo

Business - GM tries to reassure UK, Germany over Peugeot-Opel talks


By Pamela Barbaglia and Ilona Wissenbach LONDON/FRANKFURT (Reuters) - General Motors has played down the possibility of large-scale factory closures in Germany and Britain following any deal to sell its European brands to Peugeot maker PSA Group , according to officials in both countries. News of the talks between the two automakers earlier this week sparked particular concern in Germany and Britain, where Opel and Vauxhall employ thousands of workers.


Thursday, February 16, 2017  17:13

Yahoo

Business - Snap lowers valuation expectations in highly awaited IPO


Snap Inc, owner of the popular messaging app Snapchat, on Thursday set a lower-than-expected valuation for itself amid mounting investor concerns over the company`s still unproven business model, slowing metrics and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion but fell short by targeting a valuation between $19.5 billion and $22.3 billion ahead of its marketing road show, due to start on Monday in London.


Thursday, February 16, 2017  17:13

Yahoo

World - Bird-flu deaths rise in China, shutting poultry markets


China is experiencing its deadliest outbreak of the H7N9 bird-flu strain since it first appeared in humans in 2013, killing 79 people in January alone and spurring several cities to suspend live poultry trade. The National Health and Family Planning Commission said on Wednesday that by the end of January a total of 100 people had died in the current bird flu season, which commonly emerges in winter and continues into the spring. H7N9, a subtype of influenza that affects both birds and humans, was first discovered in China in 2013.


Thursday, February 16, 2017  07:15

Yahoo

Business - Newspapers aim to ride `Trump Bump` to reach readers, advertisers


The Trump administration`s combative view of traditional news media as the `opposition party` and `fake news` is turning out to be the best hope in 2017 for newspapers struggling to attract more digital readers and advertisers. The New York Times, the Financial Times, The Wall Street Journal and Gannett Co are building on the online readership they gained during the 2016 presidential election by marketing unbiased reporting as a sales strategy. The New York Times, which President Donald Trump has referred to as `failing` in his Twitter messages, added a record 276,000 digital news subscribers in the last quarter and sees digital ad revenue up 10 to 15 percent in the current quarter.


Thursday, February 16, 2017  06:27

CNN

Most Recent - Ouch. Fund loses $600 million betting against Trump rally


Betting against the ferocious Trump rally can be costly. A mutual fund run by Catalyst Capital Advisors lost $600 million in just five days as the markets raced to record highs.


Friday, February 17, 2017  17:43

CNN

World - More than 50 dead in Baghdad market bomb blast



Friday, February 17, 2017  15:35

CNN

Asia - Poultry markets closed to stop avian flu


A number of provinces in China have shut down live poultry markets to prevent the spread of avian flu after a surge in the number of infections from the H7N9 strain in recent months.


Friday, February 17, 2017  15:35

Yahoo

World - Markets Right Now: US indexes pull back, end mixed


NEW YORK (AP) The latest on developments in financial markets (All times local):


Thursday, February 16, 2017  21:18

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