Reuters Business Today: April 7, 2017

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Friday, April 7, 2017

U.S. job growth slows sharply, unemployment rate falls to 4.5 percent

WASHINGTON, (Reuters) - U.S. employers added the fewest number of workers in 10 months in March, but a drop in the unemployment rate to a near 10-year low of 4.5 percent pointed to a labor market that continues to tighten.

EU regulators to approve Fox takeover of Sky: sources

BRUSSELS/LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox is set to win unconditional EU antitrust approval for its 11.7-billion-pound ($14.5 billion) takeover of European pay-TV group Sky , two people familiar with the matter said on Friday.

Stock futures drop on weak jobs data, Syria strike jitters

(Reuters) - U.S. stock index futures extended losses on Friday after disappointing U.S. jobs data rattled investors already spooked by U.S. missile strikes on Syria.

Weak crude oil stunts U.S. energy IPOs, boosts outlook for M&A

LONDON/NEW YORK (Reuters) - The stream of U.S. energy companies going public at the start of 2017 has dried up on concerns over the future direction of oil prices, but private buyers seeking mergers and acquisitions are ready to take advantage of the volatility to secure cheap deals.

Exclusive: Yum's KFC to curb antibiotic use in the chickens it buys

LOS ANGELES (Reuters) - Yum Brands Inc's U.S. KFC chain plans to curb the use of antibiotics in its chicken supply, making it the last of the big three chicken restaurants to join the fight against the rise of dangerous antibiotic-resistant bacteria known as superbugs.

U.S. South, not just Mexico, stands in way of Rust Belt jobs revival

MOBILE, Ala. (Reuters) - In the years since the 2008 financial crisis, this southern U.S. port city has attracted a new Airbus factory, seen its steel industry retool, and gained thousands of jobs building the Navy's new combat vessel.

Hyundai, Kia to recall nearly 1.5 million vehicles over engine issue

SEOUL (Reuters) - Hyundai Motor Co and Kia Motors Corp said on Friday they plan to recall nearly 1.5 million vehicles in the United States and South Korea due to engine issues, the latest blow for two firms already struggling in key markets.

U.S., Japan in talks to prevent China acquiring Westinghouse: U.S. official

WASHINGTON (Reuters) - The Trump administration and the Japanese government are in discussions to ensure that the bankruptcy of Toshiba Corp's U.S. unit Westinghouse Electric Co does not lead to U.S. technology secrets and infrastructure falling into Chinese hands, a U.S. official said on Thursday.

On trial for bribery, Samsung boss lets lawyers do the talking

SEOUL (Reuters) - The third-generation leader of South Korea's top conglomerate was mostly silent at his first court appearance in what has been called the "trial of the century," as his lawyers labored to portray him as an innocent bystander in a graft scandal.

Siemens Netherlands employee suspected of spying for Chinese rival

AMSTERDAM (Reuters) - The man arrested by Dutch police on suspicion of industrial espionage as he attempted to leave for China on Thursday was an employee of Siemens Netherlands, the company told Reuters.

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