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US job growth seen picking up in Aug; unemployment rate easing to 4.2%

'The economy is going through a transition; it's slowly kind of bending under the weight of the high interest rates,' said Brian Bethune, an economics professor at Boston College

Amazon challenges US labour board's structure in lawsuit over election

The labor board last week upheld the results of the election, rejecting Amazon's claims that it was tainted by demonstrations held by workers and union organizers

Hershey attacks lawsuits targeting packaging, seeks to end Reese's case

But Hershey said the four plaintiffs ignored disclaimers that such details were only a DECORATING SUGGESTION, and other images that lacked such details

USDA forecasts smaller drop in 2024 farm income as production expenses ease

USDA now estimates this year's net farm income, a broad measure of profitability in the agricultural economy, will hit $140 billion in 2024, down 4.4% or $6.5 billion from a year earlier

Japan PM Kishida seeks to solidify S Korea ties on farewell visit

The leaders will review progress on their efforts to step up cooperation between the countries and discuss ways to deepen their partnership, according to Yoon's office

Japan's retail giant Seven & i rejects Couche-Tard's $38.5 bn takeover

Couche-Tard did not immediately respond to a request for comment from Reuters

US imposes sanctions on companies, vessels linked to Russia's Arctic LNG 2

Novatek may be forced to scale back the project following a a raft of US sanctions including ones imposed in August

US calls on Big Tech to help evade online censors in Russia, Iran

OTF's pitch to tech companies at the meeting was to help offer discounted or subsidized server bandwidth

Europe air safety regulator orders checks on Airbus A350-1000 engines

The move affects the larger of two models of twin-engined A350, the A350-1000, which represents 15% of the A350 fleet or 86 jets

Paramount's global chair Redstone to reap $180 mn in severance, benefits

Skydance CEO David Ellison's group will also pay off obligations that include a $70 million severance package

CFIUS warns against Nippon merger with US Steel, citing China steel glut

The Committee on Foreign Investment said in its 17-page letter sent to Nippon Steel and US Steel, that decisions by Nippon could lead to a reduction in domestic steel production capacity

OpenAI hits more than 1 million paid users across its business products

Separately, the Information reported on Thursday that OpenAI executives have discussed higher-priced subscriptions for upcoming large-language models

Qualcomm explored acquiring portions of Intel's chip design business

The mobile chipmaker has examined acquiring different pieces of Intel, which is struggling to generate cash

Salesforce to buy data protection provider Own Company for $1.9 bn

Salesforce said it expects to achieve accretion on a free cash flow basis starting in the second year following the closing of the deal, which it anticipates to be in the fourth quarter of fiscal 2025

Trump says will tap Musk to lead govt efficiency commission if elected

It was also the first time Trump said Musk had agreed to head the body. Trump did not detail how such a commission would operate

Verizon to buy Frontier in $20 bln deal to boost US fiber network

Verizon has offered $38.50 per share, representing a premium of 37.3% to the closing stock price of Frontier on Sept. 3, a day before reports of a potential acquisition first emerged

Opec+ may agree to delay October oil output hike for two months: Report

The news lifted oil prices by over $1 a barrel, with Brent futures trading over $74 before paring gains. It fell to its lowest this year on Wednesday

Cash could stay attractive for months despite rate cuts, says JP Morgan

In 2001 and 2019 - an aggressive and shallow rate-cutting cycle, respectively - the spread turned positive about three months after the first cut

Verizon to buy Frontier in $20 billion deal to boost fibre network

Frontier shares, which had surged nearly 38 per cent in the previous session, fell below Verizon's offer price in premarket trading to $35.14, while Verizon climb­ed about 1 per cent

US weekly jobless claims fall amid low layoffs on upright labour market

A step-down in hiring, which pushed the unemployment rate to a near three-year high of 4.3 per cent in July rattled investors and fanned concerns that a recession was stalking the economy