Reuters - Business Today

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Thursday, April 27, 2017

Wall Street little changed with eyes on earnings

(Reuters) - U.S. stocks were little changed on Thursday amid a flood of quarterly earnings reports, while investors assessed President Donald Trump's tax reform plan.

Jobless claims rise, but four-week average at two-month low

filing for unemployment benefits rose more than expected last

U.S. durable goods data points to pickup in business spending

WASHINGTON (Reuters) - New orders for key U.S.-made capital goods rose less than expected in March, but a second straight monthly increase in shipments suggested business investment accelerated in the first quarter amid a recovering energy sector.

Ford profit beats estimates; maintains 2017 profit outlook

DETROIT (Reuters) - Ford Motor Co reported a lower quarterly net profit on Thursday but beat analyst expectations amid higher commodity, engineering and recall costs, and a drop in vehicle sales

Trump tells Canada, Mexico, he won't terminate NAFTA treaty yet: White House

WASHINGTON (Reuters) - U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House statement said.

United to offer passengers up to $10,000 to surrender seats

NEW YORK (Reuters) - United Airlines said on Thursday it would offer passengers who volunteer to forfeit their seats on overbooked flights up to $10,000 as part of the carrier's efforts to repair the damage from the rough removal of a passenger.

Dow Chemical profit beats as consumer market focus pays off

(Reuters) - Dow Chemical Co reported a bigger-than-expected quarterly profit as the seeds and chemical maker benefited from its consumer-markets focus, and said it has had "substantive discussions" with regulators over its merger with DuPont .

UPS first-quarter profit tops estimates as revenue rises

(Reuters) - United Parcel Service Inc reported a higher-than-expected quarterly net profit on Thursday as revenue grew across its domestic, international and supply chain and freight segments.

Atlantia taps pool of banks to finance Abertis' takeover bid: sources

LONDON (Reuters) - Italian toll-road operator Atlantia has tapped banks to finance an upcoming cash-and-share bid for Spanish rival Abertis , sources told Reuters, as it seeks to create an industry giant with a market value of more than 35 billion euros ($38 billion).

EU trade chief sees a good case to resume EU-U.S. free trade talks

COPENHAGEN (Reuters) - The European Union sees a good case for reviving frozen free trade talks with the United States, its trade commissioner said on Thursday.