Business Today:- Wall St. flat as earnings from some big names disappoint

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Wall St. flat as earnings from some big names disappoint (Reuters) - U.S. stocks were little changed in early trading on Thursday after the S&P and the Nasdaq touched all-time highs as earnings from some big names disappointed.

U.S. fines Exxon Mobil over Ukraine-related sanctions violations WASHINGTON (Reuters) - The U.S. Treasury Department on Thursday announced a civil penalty against Exxon Mobil Corp and its U.S. subsidiaries for violating sanctions regulations related to Ukraine in May 2014, fining the global oil company $2 million.

Bill Gross warns of recession risk if highly levered economies hike rates NEW YORK (Reuters) - Highly levered domestic and global economies including the United States, which have "feasted" on easy monetary policies in recent years, cannot withstand a normalizing of short-term interest rates without running the risk of a recession, influential bond investor Bill Gross of Janus Henderson Investors warned on Thursday.

U.S. weekly jobless claims fall to near five-month low WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, touching its lowest level in nearly five months, suggesting strong job gains that should continue to underpin economic growth.

Murdoch made to wait few more weeks for Britain's Fox-Sky decision LONDON (Reuters) - Rupert Murdoch will have to wait a few more weeks to know whether Twenty-First Century Fox's bid for Sky will be referred for a lengthy British investigation.

Banks hope to keep staff in London if soft Brexit deal struck LONDON (Reuters) - Banks which are shifting operations to avoid disruption once Britain leaves the European Union hope only a handful of people will eventually have to leave London, industry sources say.

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block - sources HONG KONG (Reuters) - U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said.

Sears to sell Kenmore appliances on Amazon; shares jump (Reuters) - Sears Holdings Corp's shares soared 20 percent after the struggling retailer said it would sell its Kenmore home appliances on Amazon.com and integrate the brand's smart gadgets with the online giant's Alexa digital assistant.

Europe's cashed-up companies get comfy with capex LONDON (Reuters) - Sitting on $1 trillion in cash and emerging from years of caution, European companies are now showing the strongest year-on-year growth in capital spending plans in the world.

Abbott lifts profit forecast as it integrates St. Jude deal (Reuters) - Abbott Laboratories on Thursday raised its full-year adjusted profit forecast as the diversified healthcare company gains from its $25 billion acquisition of medical devices maker St. Jude Medical earlier this year