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Lack of new launches leaves Ford playing catchup with GM

James Hackett spent the last year plotting Ford Motor Co's long-term self-driving car strategy. In his first week as chief executive, he has more immediate concerns: stopping a skid in North American sales and fending off a market share grab by resurgent archrival General Motors Co.

OPEC extends oil output cut by nine months to fight glut

OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.

Jobless claims edge up; goods trade deficit widens

The number of Americans filing for unemployment benefits rose less than expected last week and the four-week moving average of claims fell to a 44-year low, suggesting further tightening in the labor market.

World stocks hit record, oil falls on OPEC cuts deal

World stocks hit record highs on Thursday and the dollar dipped after the U.S. Federal Reserve signaled caution in raising interest rates, while oil fell after top producers extended output cuts for shorter than some in markets had expected.

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Trump, Macron engage in a little handshake diplomacy

BRUSSELS U.S. President Donald Trump and French President Emmanuel Macron barely know each other but they seemed to have a hard time letting go when they first met on Thursday.