U.S. jobless claims rise; labor market still tightening U.S. jobless claims rise; labor market still tightening: The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained consistent with a tightening labor market. Initial claims for state unemployment benefits increased 3,000 to a seasonally […]
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News Corp revenue misses on weak demand for print advertising News Corp revenue misses on weak demand for print advertising: News Corp (NWSA.O) on Thursday reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal grapples with a declining demand for advertising in the print industry. […]
Twenty-First Century Fox revenue misses, profit tops estimates Twenty-First Century Fox revenue misses, profit tops estimates: Rupert Murdoch-controlled Twenty-First Century Fox Inc’s quarterly profit edged past analysts’ estimates, but revenue fell just short of expectations, hurt by the lack of box office hits from its movie studio. The media company, […]
Funds target ‘unknown’ stocks as Wall Street cuts analyst jobs Funds target ‘unknown’ stocks as Wall Street cuts analyst jobs: With a nearly 30-percent gain in 2017, shares of industrial products maker Handy & Harman Ltd are outpacing hot stocks like Google-parent Alphabet Inc and Visa Inc. Yet few on […]
Nissan Canton union election results are in Nissan Canton union election results are in: Nissan employees have voted to reject the United Auto Workers effort to unionize the Canton plant. The NLRB conducted election tally was 2,244 to 1,307, opposing the UAW. Voting among roughly 3,700 production workers at Nissan […]
Asian shares slide as tech shares crumble after Dow hits 22,000 Asian shares slide as tech shares crumble after Dow hits 22,000: Asian shares slid on Thursday, led by falls in South Korean tech shares, as investors locked in recent gains after Wall Street’s Dow Jones Industrial Average broke the […]
Canadian heavy oil plugs gap left by OPEC, Latam Canadian heavy oil plugs gap left by OPEC, Latam: Canada’s struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output has fallen in Organization of […]
