Reuters - Business Today

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Thursday, July 27, 2017

Wall St. opens at record high after strong earnings

(Reuters) - U.S. stocks added to their record levels at the open on Thursday, helped by a flurry of strong corporate earnings reports that boosted sentiment.

Exclusive: Not Made in America - Wal-Mart looks overseas for online vendors

CHICAGO (Reuters) - Walmart.com, trailing Amazon.com Inc in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart's Made-in-America campaign.

U.S. durable goods, trade data point to pick-up in second-quarter growth

WASHINGTON (Reuters) - New orders for key U.S.-made capital goods unexpectedly fell in June, but a fifth straight monthly increase in shipments suggested that business spending on equipment supported economic growth in the second quarter.

Jobless claims rise from three-month low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rebounded from a three-month low last week, but remained below a level consistent with a tightening labor market.

Twitter shares tumble as flat user growth disappoint investors

(Reuters) - Twitter Inc shares tumbled more than 10 percent in premarket trading on Thursday after the social media platform disappointed investors with stagnant monthly active user growth in the second quarter.

Verizon quarterly subscriber additions top estimates; shares up

(Reuters) - Verizon Communications Inc reported quarterly revenue that topped expectations on Thursday as the No. 1 U.S. wireless carrier attracted more subscribers with its unlimited data plan.

Exclusive: 'High Times' ready to roll with public offering - sources

(Reuters) - The publisher of iconic marijuana enthusiast magazine, "High Times," plans to take the company public in the fall, two sources familiar with the situation told Reuters this week, as an increasing number of U.S. states legalize the drug.

Comcast results top estimates on film, theme parks growth

NEW YORK (Reuters) - Comcast Corp's quarterly results topped Wall Street analysts' estimates on higher revenue in its filmed entertainment and theme parks businesses, even as the No. 1 U.S. cable operator lost video subscribers.

Price hikes power Dow's results ahead of DuPont merger

(Reuters) - Price hikes and strong demand for its products helped Dow Chemical Co beat Wall Street estimates in its last quarter before the chemicals giant merges with DuPont .

Round Two: Elliott Advisors, Akzo Nobel face off in Dutch court

AMSTERDAM (Reuters) - Activist hedge fund Elliott Advisors returned to court on Thursday to try to oust the chairman of Dutch paints group Akzo Nobel over his rejection of a 26.3 billion euro ($30 billion) takeover proposal from PPG Industries .