Reuters Business Today: April 6, 2017

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U.S. weekly jobless claims post largest drop in almost two years WASHINGTON, (Reuters) - New applications for U.S. unemployment benefits recorded their biggest drop in nearly two years last week, pointing to a further tightening in the labor market.

Stock futures edge up day after Fed-sparked Wall St. reversal (Reuters) - U.S. stock index futures edged up on Thursday, a day after Wall Street saw its biggest reversal in 14 months following signals that the Federal Reserve could start unwinding its balance sheet this year.

Twitter creates 'lite' version for data-starved users SAN FRANCISCO (Reuters) - Twitter Inc is launching a faster version of its mobile service on Wednesday aimed at people with sporadic connections or little data on their smartphone plans, hoping to pick up users in harder-to-reach emerging markets.

Traders bet their oil storage assets that OPEC cuts will work LONDON (Reuters) - The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply.

Unilever promises cash to shareholders after rebuffing Kraft approach LONDON (Reuters) - Unilever promised a multi-billion euro program of shareholder rewards on Thursday after a corporate rethink sparked by a takeover approach from Kraft Heinz , aiming to prove it can generate lucrative returns as an independent company.

7-Eleven operator to buy U.S. stores from Sunoco for $3.3 billion TOKYO (Reuters) - Seven & i Holdings Co on Thursday said it would buy convenience stores and petrol stations from Texas-based Sunoco LP for about $3.3 billion, as the Japanese retailer closes in on its goal to reach 10,000 North American outlets.

Deutsche Bank not thinking about mergers, has other things to do: CEO BERLIN (Reuters) - Deutsche Bank , which is in the midst of an 8 billion euro ($8.5 billion) capital increase, is currently not thinking about mergers, Chief Executive John Cryan said.

Exclusive: Ortega shields Inditex stake to maintain family control MADRID (Reuters) - Amancio Ortega, founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies.

Air travel demand up in February, despite U.S. travel restrictions BERLIN (Reuters) - Global demand for air travel rose 4.8 percent in February, thanks to lower fares and improving economies, with no major impact from an attempted U.S. travel ban, the International Air Transport Association (IATA) said on Thursday.

Former Barclays traders acquitted in UK's fourth Libor trial LONDON (Reuters) - Two former Barclays traders were acquitted by a jury on Thursday of conspiring to rig benchmark interest rates.