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U.S. core capital goods orders flat; jobless claims rise

New orders for key U.S.-made capital goods were unexpectedly unchanged in October and shipments rebounded modestly, which could temper expectations of an acceleration in business spending on equipment early in the fourth quarter.

IKEA Group plans to cut 7,500 administrative jobs

IKEA Group, the owner of most IKEA furniture stores worldwide, plans to cut 7,500 jobs over the next couple of years, mainly administrative staff in central support functions, it said on Wednesday.

WTO to set up panels to rule on U.S. tariff disputes

The United States and opponents of President Donald Trump's steel and aluminium tariffs both confirmed their wish to litigate on Wednesday, triggering the procedure for World Trade Organization dispute hearings, a Geneva trade official said.

Foot Locker shares soar after Air Max boost

Foot Locker shares jumped 20 percent on Wednesday after third-quarter results showed shoe sales turning back to growth thanks to a boost from Nike's latest lines, heading off fears it was losing out to Amazon and other online stores.


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