Reuters Business Today: January 12, 2017

Click to View in Browser Thursday, January 12, 2017 Wall St. set for weak open as Trump speech disappoints (Reuters) - U.S. stocks were set for a lower open on Thursday after President-elect Donald Trump gave little clarity on his promises of boosting economic growth that had powered a record-breaking rally on Wall Street for two months. Weekly jobless claims rise less than expected WASHINGTON, Jan 12 (Reuters) - The number of Americans filing for unemployment benefits rose less than expected last week and the underlying trend remained consistent with a Trump's tax cuts may pressure U.S.'s top credit rating: Fitch LONDON (Reuters) - U.S. President-elect Donald Trump's plans to slash taxes could threaten the country's triple-A credit rating over the medium term, the head of EMEA sovereign ratings at the Fitch agency said on Thursday. Delta Air net profit falls 37 percent (Reuters) - Delta Air Lines Inc on Thursday reported a 37 percent decline in fourth-quarter net profit and forecast passenger unit revenue, a closely watched metric, to be flat to up 2 percent in early 2017. VW shareholders question bonuses in wake of U.S. diesel deal FRANKFURT/LONDON (Reuters) - Volkswagen investors demanded reforms and questioned executive bonuses after the carmaker admitted to criminal offences in rigging U.S. emissions tests and U.S. prosecutors indicted six current and former managers over the scandal. As Trump meets biotech CEOs, farm advisers fret over empty USDA spot CHICAGO (Reuters) - U.S. President-elect Donald Trump has left the agriculture secretary as the last department head to be named to his Cabinet, while a meeting with the chief executives of two agribusiness giants gave a hint at a roster of farm issues the incoming president will face. PIMCO sees possibility of China floating yuan in 2017 LONDON (Reuters) - Asset management giant PIMCO said on Thursday it thought there was a chance China could freely float its currency, the yuan, this year. McDonald's inviting bids for part of Japan unit: WSJ (Reuters) - McDonald's Corp is inviting bids for the sale of a 33 percent stake in its Japan unit McDonald's Holdings Co Japan Ltd , the Wall Street Journal reported, citing people familiar with the situation. With new leverage, NYC's Stringer could reshape boardrooms BOSTON (Reuters) - U.S. public pension funds normally prefer a backseat role in overseeing the future of companies where they have billions of dollars invested. China's anti-Teslas: cheap models drive electric car boom BEIJING (Reuters) - More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan . Related Video Divided societies, rising populism top risk list at Davos Concern grows in Mexico, home to now empty Ford plant Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook