Business News Headlines | Reuters





NEW YORK - U.S. stocks fell on Thursday as a stronger dollar weighed on oil and other commodity prices, with energy and materials sectors shares leading the market lower.

2:18pm EDT

WASHINGTON - The number of Americans filing new claims for unemployment benefits rose marginally last week, indicating the labor market remained on solid footing despite slowing economic growth.

11:35am EDT

- Bank of New York Mellon Corp is nearing an agreement to pay just over $700 million to settle allegations that the bank overcharged pension funds and other clients for foreign exchange services, according to a person familiar with the probe.



NEW YORK - Morgan Stanley has moved three executives into new roles in wealth management and institutional securities as part of its effort to get those two businesses to produce more revenue by collaborating, according to an internal memo viewed by Reuters.



1:41pm EDT



BRUSSELS/BERLIN - Euro zone leaders told Greece on Thursday its leftist-led government must implement agreed reforms to avert a looming cash crunch that could force it out of the single currency. | Video

WASHINGTON - A U.S. federal judge tossed out a lawsuit brought by non-profit group Better Markets that sought to block a $13 billion settlement JPMorgan Chase Co reached with the U.S. Justice Department over shoddy mortgage loans sold to investors before the financial crisis.

- Web hosting company GoDaddy Inc's initial public offering is expected to value the company at up to $2.87 billion and comes at a time when there has been a steep fall in the number of companies going public in the United States.

NEW YORK - Oil prices fell on Thursday as a rebounding dollar and Kuwait's stance that OPEC had no choice but to keep producing in an oversupplied market undercut a rally from the previous day.

2:31pm EDT

- Tesla Motors Inc will soon offer upgrades including hands-free steering on its Model S sedan, Chief Executive Officer Elon Musk said on Thursday, but the news did not help the electric carmaker's volatile shares which fell more than 2 percent. | Video

2:40pm EDT

DETROIT - Billionaire entrepreneur Richard Branson's Virgin Group may take on Tesla Motors Inc and other companies in developing electric cars, Bloomberg reported on Thursday.

2:01pm EDT

http://www.reuters.com/news/archive/businessNews?view=page



Write a comment

Comments: 0