Reuters Business Today: January 5, 2017

Click to View in Browser Thursday, January 5, 2017 Wall St. set for first day of lower open in 2017 (Reuters) - U.S. stocks looked set for their first lower open of the year on Thursday as investors assessed economic data and the Federal Reserve's thoughts on President-elect Donald Trump's policies. Jobless claims fall to near 43-year low WASHINGTON, Jan 5 (Reuters) - The number of Americans filing for unemployment benefits fell to near a 43 year-low last week, pointing to further tightening in the labor market. OPEC oil output falls from record high ahead of planned cuts: Reuters survey LONDON (Reuters) - OPEC's oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria's oil industry and top exporter Saudi Arabia trimming exports. Apple's App Store generates $20 billion for developers in 2016 (Reuters) - Apple Inc said its App Store generated $20 billion for developers in 2016, a 40 percent jump from 2015. Monsanto swings to profit on higher South America demand (Reuters) - U.S. seeds and agrochemicals company Monsanto Co , which is being bought by Germany's Bayer <AG BAYGn.DE> for $66 billion, swung to a quarterly profit, helped by higher demand from South America. Dismal holiday sales at Macy's, Kohl's spell gloom for sector (Reuters) - Disappointing holiday season sales at Macy's Inc and Kohl's Corp underscored the uphill task department stores face in winning back shoppers, who are increasingly turning to online retailers and spending less on apparel. Exclusive: Amazon, Forever 21 vying for bankrupt American Apparel - sources (Reuters) - Online retailer Amazon.com Inc and teen apparel store chain Forever 21 Inc are among the companies weighing offers to acquire bankrupt American Apparel LLC, people familiar with the talks said on Wednesday. VW must face U.S. investor lawsuit in emissions scandal WASHINGTON (Reuters) - Volkswagen AG and former Chief Executive Officer Martin Winterkorn must defend an investor lawsuit in California over the company's diesel emissions cheating scandal, a U.S. judge has ruled. Walgreens profit beats estimates on PBM partnerships (Reuters) - Walgreens Boots Alliance Inc reported a better-than-expected quarterly profit as recent partnerships with pharmacy benefit managers (PBMs) and insurance companies helped boost sales of prescription drugs as well as non-drug items. China's choices narrowing as it burns through FX reserves to support yuan SINGAPORE (Reuters) - As China's foreign exchange reserves threaten to tumble below the critical $3 trillion mark, the biggest fear for investors is not whether Beijing can continue to defend the yuan but whether it will set off a vicious cycle of more outflows and currency depreciation. Related Video Auto sales to hit a record Why Peter Costa doesn't care about Dow 20k 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