Thursday 27 July 2017

Breaking business news for July 27, 2017

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Thursday, July 27, 2017
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.
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 on weaker-than-expected user growth
(Reuters) - Twitter Inc shares tumbled in premarket trading on Thursday after the social media platform reported weaker-than-expected growth in monthly active users in the second quarter.
Verizon quarterly subscriber additions top estimates; shares up
(Reuters) - Verizon Communications Inc on Thursday reported quarterly revenue that topped expectations 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.
Worldwide price gains help Dow Chemical beat estimates
(Reuters) - Dow Chemical Co's results beat Wall Street estimates on Thursday, as the chemicals company raised prices of its products and cut costs.
Starbucks to buy remaining stake in East China JV for $1.3 billion
(Reuters) - Coffee chain Starbucks Corp said on Thursday it would buy the remaining 50 percent share of its East China business from its joint venture (JV) partners for about $1.3 billion, in its biggest ever acquisition.
Dollar steadies after Fed fall, shares bob at record high
LONDON (Reuters) - Stocks, bonds and commodities were starting to show signs of fatigue on Thursday, having been driven higher by signs that softening U.S. inflation could see the Federal Reserve keeps its interest rates lower for even longer.
At 'bare bones' Noble Group, staff exits and debt pose more risks
SINGAPORE (Reuters) - Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and industry sources say.
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