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businessNews reuters.com

U.S. Commerce chief: U.S. content falling in Mexican, Canadian imports

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Thursday a new study by his department shows that U.S. value-added content is declining for manufactured goods imported from Mexico and Canada, arguing that this required tougher rules of origin in the North American Free Trade Agreement.

businessNews reuters.com

Asia stocks fall, yen and franc gain as North Korea moots H-bomb test

TOKYO (Reuters) - Asian stocks fell and the Japanese yen and Swiss franc gained on the mooted possibility of North Korea conducting another hydrogen bomb test, this time in the Pacific Ocean.

businessNews reuters.com

Apple's iPhone 8 launch in Sydney sees bleak turnout

SYDNEY (Reuters) - Apple Inc's iPhone 8 launch in Sydney, one of the first cities to access the product in Australia, saw a bleak turnout as fans held out for the soon-to-be-released premium iPhone X.

cnn.com

Five people detained, released by Turkish President's security detail in New York

Five individuals were detained by the President of Turkey's security detail at an event in New York Thursday afternoon, but were later released, police confirmed to CNN.

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Shares in HTC rise 9.96 percent on Google's Pixel buyout

TAIPEI (Reuters) - Shares in Taiwanese technology company HTC Corp rose 9.96 pct in early trading on Friday.

businessNews reuters.com

Asia stocks edge lower, focus turns to China markets after ratings cut

TOKYO (Reuters) - Asian stocks slipped on Friday but showed signs of steadying as the dust began to settle after the Federal Reserve's hawkish policy statement, while investors looked to see how Chinese financial markets would react to a downgrade on the nation's credit rating.

businessNews reuters.com

Oil prices steady ahead of OPEC meeting on supply cut extension

SEOUL (Reuters) - Oil prices held steady in early Asian trade on Friday as the market waited to see whether major oil producers would extend supply cuts beyond March at a meeting in Vienna later in the day.

businessNews reuters.com

U.S. to weigh into 'challenging' issues at Ottawa NAFTA talks: negotiator

WASHINGTON (Reuters) - The United States will present new text proposals and begin to weigh into thornier issues of the North American Free Trade Agreement in the third round of negotiations starting in Ottawa on Saturday, U.S. chief negotiator John Melle said on Thursday.

companyNews reuters.com

BRIEF-Magnis Resources announces New York State Government's funding of unit's battery factory

* New York State Government provides funding package to unit for stage 1 production of lithium-ion battery gigafactory Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

Erdogan, Recep Tayyip nytimes.com

Fighting Breaks Out at Turkish President’s Speech in New York

In the middle of President Recep Tayyip Erdogan’s speech at a Times Square hotel, a protester screamed: “You’re a terrorist. Get out of my country!”

businessNews reuters.com

HPE plans 5,000 job cuts: Bloomberg

(Reuters) - Hewlett Packard Enterprise Co is planning to cut at least 5,000 workers as part of a broader effort to reduce costs amid mounting competition, Bloomberg reported on Thursday, citing people familiar with the matter.

businessNews reuters.com

Equifax under pressure from banks to shape up

NEW YORK (Reuters) - U.S. consumer credit reporting bureau Equifax Inc risks losing support from banks unless it can show its database on millions of borrowers is secure from another cyber-attack.

businessNews reuters.com

Tiffany names Roger Farah as chairman in latest management shakeup

(Reuters) - Luxury jeweler Tiffany & Co on Thursday named Roger Farah as chairman, the latest management shakeup where outsiders have been brought in to give the iconic company a new look.

artsNews reuters.com

London's National Gallery prevails in 'stolen' Matisse lawsuit: New York judge

NEW YORK (Reuters) - The National Gallery in London on Thursday won the dismissal of a lawsuit in which three grandchildren of a muse of the artist Henri Matisse sought to recover a painting they said was stolen shortly after World War Two.

businessNews reuters.com

Wall Street pushed down by rate expectations, North Korea, Apple

(Reuters) - U.S. stock indexes slipped on Thursday as investors braced for a third interest rate hike this year and the United States ordered new sanctions against North Korea.

businessNews reuters.com

Exclusive: Persistent rail service disruptions dog CSX customers

(Reuters) - CSX Corp customers, including chemical, automotive and steel producers, are still battling delays and congestion despite top executives' assurances that the railroad has moved past service woes that plagued its system during the summer, people familiar with the situation said.

businessNews reuters.com

Wall Street lower with pressure from Apple, rate expectations

(Reuters) - U.S. stock indexes were trading lower on Thursday, weighed down by Apple and rising expectations for a third interest rate hike this year.

businessNews reuters.com

Hack of Wall Street regulator rattles investors, lawmakers

WASHINGTON (Reuters) - Wall Street's top regulator came under fire on Thursday about its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading.

technologyNews reuters.com

National Bank of Canada says tech glitch may have exposed customer data

(Reuters) - National Bank of Canada, the country's sixth largest lender, said on Thursday a website glitch earlier this week may have exposed personal information of about 400 customers.

companyNews reuters.com

UPDATE 1-Nat'l Bank of Canada says tech glitch may have exposed customer data

Sept 21 (Reuters) - National Bank of Canada, the country's sixth largest lender, said on Thursday a website glitch earlier this week may have exposed personal information of about 400 customers.

businessNews reuters.com

Yellen's stock rises as she leads Fed from crisis-era policy

NEW YORK/WASHINGTON (Reuters) - From her early days as Federal Reserve chair, Janet Yellen has been the target of criticism from Republicans worried that the central bank's massive bond-buying programs and near-zero interest rates engineered by her predecessor would be the ruin of the country.

businessNews reuters.com

Hack of Wall St. regulator rattles investors, lawmakers

WASHINGTON (Reuters) - Wall Street's top regulator came under fire on Thursday about its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading.

businessNews reuters.com

Brazil police formally accuse JBS Batista brothers of insider trading

SAO PAULO (Reuters) - Brazil's federal police on Thursday formally asked prosecutors to bring charges against brothers Wesley and Joesley Batista, the owners of meatpacker JBS SA , for insider trading.

businessNews reuters.com

Wall St. lower as Apple, Fed view weigh

(Reuters) - The three major U.S. indexes were trading lower on Thursday, scaling back from their record levels, weighed down by Apple and the Federal Reserve's indication to raise interest rates for third time despite low inflation.

technologyNews reuters.com

National Bank of Canada faces website glitch: Bloomberg

(Reuters) - A glitch in National Bank of Canada's website may have exposed personal information of about 400 customers, Bloomberg reported, citing an email statement from the bank.

companyNews reuters.com

National Bank of Canada faces website glitch -Bbg

Sept 21 (Reuters) - A glitch in National Bank of Canada's website may have exposed personal information of about 400 customers, Bloomberg reported, citing an email statement from the bank.

companyNews reuters.com

BRIEF-Harvest Operations Corp announces closing of U.S. $285 mln 3% senior note offering

* Announces closing of U.S. $285 million 3 pct senior note offering Source text for Eikon: Further company coverage:

businessNews reuters.com

Daimler to invest $1 billion in Alabama plant, create over 600 jobs

BERLIN (Reuters) - Germany's Daimler said it will invest $1 billion to expand its U.S.-based Mercedes-Benz plant in Alabama to start building electric sport-utility vehicles there from about 2020.

companyNews reuters.com

UPDATE 2-Banks boost European shares after Fed signals December hike

* Siemens, Alstom rise on rail merger talk (Adds details, closing prices)

businessNews reuters.com

Exclusive: Macquarie leapfrogs Goldman to join top tier of commodity banks

LONDON (Reuters) - Australia's Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in recent years while rivals cut back.

businessNews reuters.com

Wells Fargo CEO to testify before Senate as questions linger over scandal

WASHINGTON (Reuters) - Wells Fargo Chief Executive Tim Sloan is due to testify before Congress on Oct. 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations.

businessNews reuters.com

Hack of U.S. securities regulator rattles investors, stirs doubts

WASHINGTON/NEW YORK (Reuters) - Wall Street's top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading.

companyNews reuters.com

BRIEF-Washington Trust Bancorp increases quarterly dividend

* Says dividend represents a one-cent per share increase over most recent quarterly dividend rate​ Source text for Eikon: Further company coverage:

businessNews reuters.com

Wall Street slips from record levels as Apple, Fed view weigh

(Reuters) - U.S. stocks slipped from their all-time highs on Thursday, weighed down by Apple and the hawkish stance of the Federal Reserve, which hinted at raising interest rates for a third time this year despite low inflation.

businessNews reuters.com

Exclusive: Chipmaker GlobalFoundries asks EU to investigate bigger rival TSMC - source

BRUSSELS (Reuters) - U.S. electronic chipmaker GlobalFoundries has asked European antitrust regulators to investigate market leader TSMC , accusing the Taiwanese firm of unfair competition, an industry source said on Monday.

companyNews reuters.com

CANADA STOCKS-TSX rises as banks boosted, miners hurt by Fed

TORONTO, Sept 21 (Reuters) - Canada's main stock index inched higher on Thursday morning as gains for heavyweight banking stocks offset declines for gold and base metal miners hurt by the U.S. Federal Reserve's signal of another interest rate increase this year.

businessNews reuters.com

Wall St. lower as investors assess Fed's hawkish stance

(Reuters) - U.S. stocks pulled back from their all-time highs on Thursday as investors assessed the Federal Reserve's policy statement, which hinted at raising interest rates for the third time this year and laid out plans to roll back its monetary stimulus.

businessNews reuters.com

Wells Fargo CEO to testify before Senate banking panel on October 3

WASHINGTON (Reuters) - Wells Fargo Chief Executive Tim Sloan is due to testify before the Senate Banking Committee on Oct. 3, sources familiar with the scheduled meeting said.

companyNews reuters.com

CANADA STOCKS-TSX flat as resource stock falls offset by big bank gains

TORONTO, Sept 21 (Reuters) - Canada's main stock index was little changed in early trade on Thursday, as gold and base metal miners weighed with a fall in commodity prices and heavyweight financials rose.

companyNews reuters.com

UPDATE 1-Wells Fargo CEO to testify before Senate banking panel on Oct. 3

WASHINGTON, Sept 21 (Reuters) - Wells Fargo Chief Executive Tim Sloan is due to testify before the Senate Banking Committee on Oct. 3, sources familiar with the scheduled meeting said.

companyNews reuters.com

BRIEF-Brookline says if deal not consummated under some circumstances, First Commons Bank agreed to pay co termination fee of $2.2 mln‍​

* Brookline Bancorp says if deal not consummated under some circumstances, First Commons Bank agreed to pay co termination fee of $2.2 mln‍​ - SEC filing Source text: (http://bit.ly/2hlltCh) Further company coverage:

businessNews reuters.com

Wall St. opens slightly lower after Fed's hawkish stance

(Reuters) - U.S. stocks opened slightly lower on Thursday, even as the Dow managed to hit another record high, a day after the Federal Reserve signaled it could raise interest rates for the third time this year despite low inflation.

environmentNews reuters.com

New York noise, a top gripe for man, now a risk for endangered whales

NEW YORK (Reuters) - Noise in New York has always grated on people and now, with the cacophony engulfing surrounding waters, it is threatening the city's newly discovered neighbors: endangered whales.

businessNews reuters.com

Daimler joins rush to add more North American auto plants: report

DETROIT (Reuters) - U.S. automakers are facing mounting pressure amid slowing demand in the country, as Asian and European automakers aggressively ramp up vehicle production in North America, including a new investment by Daimler AG.

businessNews reuters.com

U.S. jobless claims fall; hurricanes still affecting data

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, but the near-term outlook for the labor market was muddied by the continuing impact of Hurricanes Harvey and Irma.

businessNews reuters.com

Wells Fargo CEO due to testify before Senate banking panel October 3

WASHINGTON (Reuters) - Tim Sloan, the chief executive officer of Wells Fargo , is due to testify before the Senate Banking Committee on October 3, said sources familiar with the scheduled meeting.

companyNews reuters.com

Wells Fargo CEO due to testify before Senate banking panel Oct. 3

WASHINGTON, Sept 21 (Reuters) - Tim Sloan, the chief executive officer of Wells Fargo, is due to testify before the Senate Banking Committee on October 3, said sources familiar with the scheduled meeting.

companyNews reuters.com

BRIEF-Eagle Bancorp CEO Ronald Paul sells 3,672 shares of co's common stock on Sept 20

* Eagle Bancorp Inc CEO Ronald Paul reports sale of 3,672 shares of co's common stock on Sept 20 at $63.57 per share - SEC filing Source text: (http://bit.ly/2yrVGQt) Further company coverage:

companyNews reuters.com

BRIEF-Unifirst Corp expects to recognize an impairment of capitalized costs as part of its ongoing CRM systems project

* Unifirst Corp - expects to recognize an impairment of capitalized costs as part of its ongoing CRM systems project

businessNews reuters.com

U.S. jobless claims fall; hurricanes still impacting data

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, but the data continued to be influenced by Hurricanes Harvey and Irma, muddying the labor market picture in the near term.

companyNews reuters.com

BRIEF-iCapital Network to buy U.S. private equity access fund platform from Deutsche Bank

* iCapital Network to acquire US private equity access fund platform from Deutsche Bank

businessNews reuters.com

EU eyes solo move to increase tax on online giants, risking U.S. anger

BRUSSELS (Reuters) - The European Commission said on Thursday it may seek to implement tax reform to raise more revenue from online giants without the backing of the United States and other rich nations, in a move that could spark a new transatlantic dispute.

businessNews reuters.com

Futures flat after Fed signals third rate hike this year

(Reuters) - U.S. stock index futures were little changed on Thursday, a day after the Federal Reserve signaled that it could raise interest rates for the third time this year despite low inflation and disclosed plans to shrink its balance sheet.

businessNews reuters.com

ECB may ask fintech banks to hold bigger buffers

FRANKFURT (Reuters) - High-tech banks looking to enter the fintech zone may be asked to hold bigger liquidity and capital buffers due to the unique nature of their risks, the European Central Bank said in draft licensing guidelines on Thursday.

businessNews reuters.com

Road to electric car paradise paved with handouts

JUDABERG, Norway (Reuters) - The Norwegian island of Finnoey has the highest density of electric cars in the world. The reason? They are exempt from the $6,000-a-year toll charges for the tunnel to the mainland.

businessNews reuters.com

Carlyle targets first-close of new Asia buyout fund at over $4 billion: sources

HONG KONG (Reuters) - Carlyle Group is targeting the first closing of a new Asia buyout fund within the next couple of months at over $4 billion, three people familiar with the matter said, bulking up in a region that has become a key market for global funds.

companyNews reuters.com

BRIEF-Target Corp declares regular quarterly dividend

* Sets quarterly dividend of $0.62 per share Source text for Eikon: Further company coverage:

businessNews reuters.com

Toys 'R' Us plans holiday hires including toy demonstrators

(Reuters) - Toys "R" Us Inc, the U.S. toy retailer that filed for bankruptcy protection this week, said on Thursday it is hiring part-time seasonal workers to staff its stores for the holidays, including for a new position of toy demonstrator.

nytimes.com

New York Today: New York Today: Theater in Odd Places

Thursday: Performing in unusual spaces, a Rosh Hashana Jazz service, and help for the victims in Mexico and the Caribbean.

businessNews reuters.com

Mitsubishi recalls 89,406 cars in Russia: standards agency

MOSCOW (Reuters) - Russia's standards watchdog Rosstandart said on Thursday it had been informed that Mitsubishi Motors Corp was recalling 89,406 Mitsubishi ASX cars sold in Russia between July 2010 and January 2016.

businessNews reuters.com

Volvo rolls out compact SUV in latest upmarket shift under Geely

MILAN (Reuters) - Volvo Cars showed off its first compact SUV on Thursday with the launch of its new XC40 model, the latest in a sweeping overhaul of the carmaker's line-up under Chinese ownership.

businessNews reuters.com

Fed's 'Great Unwinding' lifts dollar, yields and bank stocks

LONDON (Reuters) - Signals the Federal Reserve will hike U.S. interest rates again this year and begin the 'Great Unwinding' of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and commodities lower.

companyNews reuters.com

GLOBAL MARKETS-Fed's 'Great Unwinding' lifts dollar, yields and bank stocks

* Oil prices near highest since April/May on output cut hopes

companyNews reuters.com

UPDATE 1-Banks boost European bourses after Fed signals December rate hike

* Capita slumps 14 pct as hunt for new CEO drags on (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

businessNews reuters.com

Toshiba, keen to seal $18 billion chips sale, wrestles with last-minute delays

TOKYO (Reuters) - Japan's Toshiba Corp is locked in last minute discussions over "key issues" with the would-be buyers of its $18 billion memory chip business led by U.S. private equity firm Bain, potentially delaying a formal agreement on the sale.

businessNews reuters.com

Lufthansa CEO puts focus on 38 wet lease planes in Air Berlin battle

FRANKFURT (Reuters) - Lufthansa's bid for Air Berlin assets is focused on securing the 38 crewed planes it currently leases from the insolvent carrier and it is interested in a further 20 to 40 planes, Lufthansa's chief executive said.

companyNews reuters.com

Banks boost European bourses after Fed signals December rate hike

LONDON, Sept 21 (Reuters) - The banking sector drove a strong open for European stocks on Thursday after the U.S. Federal Reserve signaled a likely December rate hike and announced it would begin trimming its balance sheet in October.

businessNews reuters.com

Google bets anew on smartphones, pays $1.1 billion for HTC's Pixel division

TAIPEI/SAN FRANCISCO (Reuters) - Alphabet Inc's Google said it would pay $1.1 billion for the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones - its second major foray into phone hardware after an earlier costly failure.

businessNews reuters.com

China's Baidu launches $1.5 billion autonomous driving fund

BEIJING (Reuters) - Chinese search engine Baidu Inc announced a 10 billion yuan ($1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with U.S. rivals.

businessNews reuters.com

Dollar shines, Asia shares slip after Fed signals Dec rate hike

TOKYO (Reuters) - The U.S. dollar shone while Asian shares slipped on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year.

companyNews reuters.com

PRESS DIGEST- New York Times business news - September 21

Sept 21 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

businessNews reuters.com

What is at stake for Uber in U.S. bribery probe?

SAN FRANCISCO (Reuters) - A U.S. bribery investigation at ride-hailing company Uber Technologies Inc [UBER.UL] will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems.

businessNews reuters.com

Avis, Hertz shares rise but remain in short-seller cross-hairs

NEW YORK (Reuters) - Shares of U.S. car-rental companies Avis Budget Group Inc and Hertz Global Holdings Inc have driven out of the ditch in recent weeks, aided in part by storms that devastated the southern United States.

businessNews reuters.com

Google to acquire HTC's Pixel smartphone division in $1.1 billion deal

TAIPEI (Reuters) - Alphabet Inc's Google said it would pay $1.1 billion in cash to acquire the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones, its latest push into hardware manufacturing.

businessNews reuters.com

Oil dips on rising U.S. crude inventories and production

SINGAPORE (Reuters) - Oil markets dipped on Thursday, weighed down by rising U.S. crude inventories and production as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home.

businessNews reuters.com

Google to buy part of HTC's smartphone operations for $1.1 billion

TAIPEI (Reuters) - Alphabet Inc's Google will acquire part of Taiwanese smartphone maker HTC's smartphone operations for $1.1 billion, the companies said in a joint statement on Thursday.

cnn.com

SEC: Hackers broke into corporate filing system

The SEC says hackers may have made money from breaking into its corporate filing system and gaining access to inside information about companies.

businessNews reuters.com

Toshiba prepares to formalize chips sale, even as rejected suitor steps up legal action

TOKYO (Reuters) - Japan's Toshiba Corp is expected to formalize the sale of its prized memory chip unit on Thursday to a group led by U.S. private equity firm Bain Capital, even as jilted suitor and joint venture partner Western Digital took fresh legal action.

businessNews reuters.com

Plan to ease U.S. firearm export rules may relieve gunmakers facing sales slump

SAN FRANCISCO (Reuters) - A move by the Trump administration to make it simpler to sell small arms abroad may provide some relief to gun makers American Outdoor Brands and Sturm Ruger & Company in an industry grappling with a deep sales slump since the election of President Donald Trump.

businessNews reuters.com

Google to buy part of HTC's smartphone operations for around $1 billion : source

HONG KONG/TAIPEI (Reuters) - Alphabet Inc's Google is set to announce a deal to acquire part of Taiwanese firm HTC Corp's smartphone operations for about $1 billion, a source with direct knowledge of the matter said on Thursday.

businessNews reuters.com

Dollar shines, Asia shares slip after Fed signals December rate hike

TOKYO (Reuters) - The U.S. dollar shone while Asian shares slipped slightly on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signaled one more rate hike later this year.

companyNews reuters.com

Florence declined and London may too, banks warn ahead of May's speech

LONDON, Sept 21 (Reuters) - Britain is in danger of losing its place in the financial world much in the same way Florence did after its Renaissance heyday, an industry group warned on Thursday.

businessNews reuters.com

Albertsons buys meal-kit delivery provider Plated

(Reuters) - Albertsons Cos Inc , one of America's biggest supermarket chains, said on Wednesday it would buy meal-kit delivery service Plated, as it looks to attract more customers to its stores amid increased competition.

businessNews reuters.com

FedEx raises TNT integration costs by $75 million: filings

(Reuters) - Package delivery company FedEx Corp said on Wednesday its expects to incur roughly $350 million in integration costs related to its acquisition of Netherlands-based TNT Express during 2018, some $75 million higher than previous estimates.

domesticNews reuters.com

Tax breaks cost New York $1.2 billion in financial year 2017, half went to film industry

NEW YORK (Reuters) - New York state lost $1.2 billion of revenues from corporate tax breaks in fiscal 2017, with at least half of the total going to the film industry, a Washington watchdog group said on Wednesday.

businessNews reuters.com

FedEx says financial drain from cyber attack to linger through 2018

(Reuters) - Package delivery company FedEx Corp said on Wednesday a June cyber attack on its Dutch unit will continue to hurt revenue through its second fiscal quarter and fiscal full-year 2018 and force bigger investments in information technology.

businessNews reuters.com

Fed keeps U.S. rates steady, to start portfolio drawdown in October

WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of low inflation.

businessNews reuters.com

Tesla working with AMD to develop chip for self-driving car: CNBC

(Reuters) - Electric carmaker Tesla Inc is working with Advanced Micro Devices Inc to develop its own artificial intelligence chip for self-driving cars, CNBC reported on Wednesday, citing a source familiar with the matter.

businessNews reuters.com

Wall St. closes slightly higher after Fed policy decisions

NEW YORK (Reuters) - The S&P 500 and the Dow ended slightly higher on Wednesday, adding to their string of closing records, after the Federal Reserve signaled it expects another interest rate hike by year-end and disclosed timing for reducing its balance sheet.

companyNews reuters.com

BRIEF-Trimas Corp says Trimas LLC entered into a replacement facility amendment to credit agreement - SEC Filing

* Trimas Corp - On September 20 Trimas LLC entered into a replacement facility amendment to credit agreement - SEC Filing

businessNews reuters.com

Apple concedes new watch has connectivity glitch

(Reuters) - Apple Inc's on Wednesday conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability make phone calls and access data without an iPhone nearby.

businessNews reuters.com

Fed keeps rates steady, to start portfolio drawdown in October

WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite recent weak inflation readings.

businessNews reuters.com

Holiday sales forecasts indicate strong growth for retailers

(Reuters) - Early holiday sales forecasts are indicating a largely stronger season for retailers than last year, helped by higher online sales and increasing spending power due to a strong labor market.

businessNews reuters.com

Wall St. falls after Fed signals another rate hike this year

(Reuters) - Wall Street's three major indexes were lower on Wednesday after the Federal Reserve signaled that it expects another rate hike by year end and disclosed timing for reducing its balance sheet.

companyNews reuters.com

UPDATE 1-Jakks Pacific expects 2017 loss due to Toys 'R' Us bankruptcy

Sept 20 (Reuters) - Toy maker Jakks Pacific Inc said on Wednesday it expects to report a net loss in fiscal 2017 due to charges related to bankruptcy of the biggest U.S. toy store chain Toys 'R' Us Inc.

businessNews reuters.com

Waymo seeking $2.6 billion from Uber for one trade secret: lawyer

SAN FRANCISCO (Reuters) - Alphabet Inc's Waymo unit is seeking about $2.6 billion from Uber for the alleged theft of one of several trade secrets in a lawsuit over self-driving cars, a lawyer for Uber said on Wednesday.

Ross, Lillian nytimes.com

Lillian Ross, Acclaimed Reporter for The New Yorker, Dies at 99

One of her rules of journalism was, “Do not call attention to yourself.” Yet she did just that in a memoir about her long affair with her celebrated editor.

companyNews reuters.com

Jakks Pacific expects 2017 net loss due to Toys 'R' Us bankruptcy

Sept 20 (Reuters) - Toy maker Jakks Pacific Inc said it expects to report a net loss in fiscal 2017 due to charges related to the bankruptcy of Toys 'R' Us Inc.

companyNews reuters.com

BRIEF-JAKKS says ‍does not anticipate any long-term material adverse impact from Toys 'R' Us bankruptcy ​

* JAKKS comments on Toys ‘R’ Us bankruptcy; updates 2017 forecast

businessNews reuters.com

Waymo seeking $2.6 billion for one trade secret against Uber

SAN FRANCISCO (Reuters) - An Uber [UBER.UL] lawyer on Wednesday said Alphabet Inc's Waymo unit is seeking about $2.6 billion for the alleged theft of one of several trade secrets in a lawsuit over self-driving cars.

businessNews reuters.com

Wall St. flat; all eyes on Fed policy decision

(Reuters) - U.S. stocks were little changed in early afternoon trading on Wednesday as investors awaited the Federal Reserve's policy decision for clues on the future path of interest rates.

businessNews reuters.com

Google close to buying smartphone maker HTC's assets: Bloomberg

(Reuters) - Alphabet Inc's Google is close to acquiring assets of Taiwanese smartphone maker HTC Corp , Bloomberg reported, citing a person familiar with the matter.

businessNews reuters.com

BlackRock's Fink says he is committed to gender diversity

NEW YORK (Reuters) - BlackRock Inc Chief Executive Larry Fink on Wednesday said the largest asset manager must mirror its customers in terms of gender, in comments that come as the company has become more vocal about shareholder and activist efforts to boost workplace diversity.

businessNews reuters.com

S&P, Dow flat ahead of Fed decision; Apple weighs on Nasdaq

(Reuters) - The S&P and the Dow were little changed on Wednesday but hovered near record levels as investors waited to hear from the Federal Reserve on future interest rate hikes this year while the tech-heavy Nasdaq was pulled lower by a drop in Apple.

companyNews reuters.com

Pirelli's IPO books covered on base deal size - bank memo

MILAN, Sept 20 (Reuters) - Demand for the initial public offering of Italian tyremaker Pirelli has reached an amount sufficient to cover the base size of the offer on the third day of the share sale, a memo sent by banks to investors said on Wednesday.

companyNews reuters.com

BRIEF-BNY Mellon Investment Management​ ‍to sell CenterSquare Investment Management

* Sale of CenterSquare business to CenterSquare Management and Lovell Minnick Partners​

businessNews reuters.com

General Mills profit misses as U.S. yogurt sales sour

(Reuters) - General Mills Inc reported a smaller-than-expected quarterly profit as yogurt and cereal sales declined in North America, sending the company's shares down 9 percent to their lowest levels in nearly two years.

businessNews reuters.com

BlackRock's Fink says he is committed to gender parity

NEW YORK (Reuters) - BlackRock Inc Chief Executive Larry Fink on Wednesday said he is committed to gender parity and that his company must mirror customers, especially with a large proportion of household wealth managed by women.

businessNews reuters.com

Pfizer files suit against J&J over Remicade contracts

(Reuters) - Drugmaker Pfizer Inc on Wednesday filed a lawsuit against Johnson & Johnson , saying its rival's contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales of Pfizer's new biosimilar.

companyNews reuters.com

UPDATE 4-Bank bailout hits Russia as B&N asks central bank for aid

* Analysts do not see risk of sector-wide crisis (Updates throughout with new details, comments)

businessNews reuters.com

General Mills profit misses on weak yogurt, cereal sales

(Reuters) - General Mills Inc reported a smaller-than-expected quarterly profit, hurt by lower sales of its yogurts and cereals in North America.

businessNews reuters.com

Wall St. opens little changed; Fed takes center stage

(Reuters) - Wall Street opened little changed on Wednesday as investors waited for the conclusion of the two-day Federal Reserve meeting for indications of a third interest rate hike this year.

businessNews reuters.com

Toshiba to sell chip unit to Bain Capital-led group for $18 billion

TOKYO (Reuters) - Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange.

businessNews reuters.com

Pfizer sues Johnson & Johnson over Remicade biosimilar

(Reuters) - Pfizer Inc on Wednesday filed a lawsuit against Johnson & Johnson , saying that the drugmaker's anticompetitive contracts with health insurers prevented biosimilar competition to its blockbuster rheumatoid arthritis drug, Remicade.

businessNews reuters.com

Wall St. opens flat as investors await Fed decision

(Reuters) - Wall Street opened little changed on Wednesday as investors waited for the conclusion of the two-day Federal Reserve meeting for indications of a third interest rate hike this year.

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Clariant short-sellers squeezed as activist Corvex doubles-down

LONDON (Reuters) - Hedge funds have trimmed bets on a fall in shares of Clariant , just as activist investor Corvex increases pressure on the Swiss chemicals company to ditch a $20 billion M&A deal with rival Huntsman .

businessNews reuters.com

UPS expects to hire about 95,000 workers for holiday season

(Reuters) - Package delivery company United Parcel Service Inc said it expected to hire about 95,000 seasonal employees for its crucial peak holiday season for the fourth straight year.

companyNews reuters.com

BRIEF-Nevada Exploration receives permit and prepares to begin Scorpion drilling at South Grass Valley

* Nevada Exploration receives permit and prepares to begin Scorpion drilling at South Grass Valley

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Toshiba says seals $18 billion deal to sell chip unit to Bain Capital group

TOKYO (Reuters) - Japan's Toshiba Corp said on Wednesday it has agreed to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange.

businessNews reuters.com

As Apple slows, fast-moving Chinese rivals gain in wealthy markets

HONG KONG/SINGAPORE (Reuters) - Slowing innovation at iPhone maker Apple gives Asian rivals their best chance yet to conquer developed markets, retailers and consumers say - thanks to better designs and lower prices.

companyNews reuters.com

Austrian bank BAWAG PSK expects to decide on IPO next week

VIENNA/FRANKFURT, Sept 20 (Reuters) - BAWAG PSK, the Austrian bank majority owned by U.S. private equity group Cerberus Capital Management, expects to formally announce next week whether it will go ahead with a share offer, two people familiar with the matter said.

companyNews reuters.com

BRIEF-FirstService Corp says ‍FirstService Residential acquired residential operations of Zalco Realty Inc

* FirstService Corp - ‍ FirstService Residential acquired residential operations of Zalco Realty Inc; terms of transaction were not disclosed​ Source text for Eikon: Further company coverage:

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Futures flat as investors focus on Fed meeting

(Reuters) - U.S. stock index futures were little changed on Wednesday as investors awaited clues from the Federal Reserve meeting on whether the central bank will raise interest rates for a third time this year.

PersonalFinance reuters.com

Getting your kid to bank summer earnings

NEW YORK (Reuters) - Linda Rogers' father set her up for retirement when she was just a teenager.

businessNews reuters.com

Wal-Mart to give more hours to current staff this holiday season

(Reuters) - Wal-Mart Stores Inc said on Wednesday it would not hire temporary workers this holiday season and would instead offer the extra hours to its current employees.

companyNews reuters.com

BRIEF-Despegar.com corp announces pricing of initial public offering

* Despegar.com - ‍announced pricing of its initial public offering of 12.8 million ordinary shares at a public offering price of $26.00 per share​ Source text for Eikon: Further company coverage:

companyNews reuters.com

CEE MARKETS-Hungarian bond yields hit record low on central bank easing

* Hungarian bonds up to 10 years trade at record-low yields * Hungarian central bank eased policy contrary to global trend * CEE assets are mostly rangebound, investors watch Fed meeting By Sandor Peto BUDAPEST, Sept 20 (Reuters) - Hungarian bonds traded at record-low yields and the forint slipped on Wednesday, a day after Hungary's central bank (NBH) eased policy, including cutting its overnight deposit rate deeper into negative territory. The bank cut its inflation for

businessNews reuters.com

Eurowings wins union backing to speed up hiring amid Air Berlin turbulence

BERLIN (Reuters) - Lufthansa budget unit Eurowings has agreed a deal with the Verdi union that will allow it to hire new cabin crew at short notice from rivals such as bankrupt Air Berlin .

businessNews reuters.com

T-Mobile U.S. explores takeover of Sprint: source

(Reuters) - U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.

nytimes.com

New York Today: New York Today: Do I Need Flood Insurance?

Wednesday: The basics of buying flood insurance, the 35th anniversary of “E.T.,” and the rainiest day on record.

companyNews reuters.com

Credit Bank of Moscow sees no direct risks from B&N troubles

MOSCOW, Sept 20 (Reuters) - Russia's Credit Bank of Moscow (MCB), which was recently included by the central bank in a list of systemically important banks, does not see a risk of direct losses from the problems facing its peer, B&N Bank, it said in an email.

businessNews reuters.com

Toshiba selects Bain group as buyer of its prized chip business: sources

TOKYO (Reuters) - Japan's embattled Toshiba Corp has chosen a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction.

businessNews reuters.com

Walmart, Target join call for 'Dreamer' legislation

(Reuters) - Wal-Mart Stores Inc, Target Corp and PepsiCo Inc on Wednesday joined an expanded group of nearly 800 companies calling in a letter for U.S. legislation to protect immigrants brought into the country illegally by their parents from deportation, according to organizer FWD.us.

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World stocks notch up new high but it's all about the Fed

LONDON (Reuters) - World stocks eked out a new record high on Wednesday and the dollar dipped against its major rivals with the focus on a U.S. Federal Reserve policy meeting that may give clues as to whether it will raise interest rates for a third time this year.

companyNews reuters.com

MOVES-Bank of America promotes Jim O'Neil to co-head of CIB EMEA - memo

LONDON, Sept 20 (Reuters) - Bank of America Merrill Lynch has promoted Jim O'Neil to co-head its corporate and investment bank in Europe, Middle East and Africa (EMEA), according to a memo seen by Reuters on Wednesday.

companyNews reuters.com

EMERGING MARKETS-Russian bank bailout talk hits Moscow financial shares, elsewhere flat pre-Fed

LONDON, Sept 20 (Reuters) - Russia's bank and financial shares index fell on Wednesday after a lender asked authorities for a bailout, while other emerging assets flatlined, awaiting the outcome of the U.S. Federal Reserve meeting.

businessNews reuters.com

Uber reviews Asia business amid U.S. bribery probe: source

(Reuters) - Uber Technologies Inc [UBER.UL], which is the subject of a U.S. federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter told Reuters.

companyNews reuters.com

UPDATE 1-Australia court upholds appeal against Tabcorp's $4.9 bln buyout of Tatts

* Federal Court upholds appeal from antitrust regulator (Adds comment from Tabcorp, Tatts and the ACCC, adds shares)

businessNews reuters.com

New Zealand election could put an obstacle in path to nailing TPP deal

WELLINGTON (Reuters) - If New Zealanders vote this weekend to change who governs them, that could create an obstacle to plans by members of the Trans-Pacific Partnership (TPP) to finalize a trade deal in November.

companyNews reuters.com

Australia court upholds appeal against Tabcorp's $4.9 bln buyout of Tatts

SYDNEY, Sept 20 (Reuters) - An Australian court upheld on Wednesday an appeal against betting firm Tabcorp Holdings Ltd's agreed A$6.15 billion ($4.9 billion) buyout of lotteries operator Tatts Group Ltd.

businessNews reuters.com

Asia stocks steady, dollar treads water as investors count down to Fed

TOKYO (Reuters) - Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day.

businessNews reuters.com

Wells Fargo's lone outsider aims to clean up bank's reputation

NEW YORK (Reuters) - Before a sales scandal upended its reputation, Wells Fargo & Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers.

businessNews reuters.com

How $5 billion of debt caught up with Toys 'R' Us

(Reuters) - Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. This week, it succumbed to its debt burden, leading to the biggest bankruptcy of a U.S. retailer since that of Kmart in 2004.

politicsNews reuters.com

Trump administration red tape tangles up visas for skilled foreigners, data shows

WASHINGTON (Reuters) - The Trump administration is making it more difficult for skilled foreigners to work in the United States, challenging visa applications more often than at nearly any point in the Obama era, according to data reviewed by Reuters.   

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INSIGHT-Trump administration red tape tangles up visas for skilled foreigners, data shows

WASHINGTON, Sept 20 (Reuters) - The Trump administration is making it more difficult for skilled foreigners to work in the United States, challenging visa applications more often than at nearly any point in the Obama era, according to data reviewed by Reuters.

businessNews reuters.com

Toshiba selects Bain group as buyer of its memory chip business: sources

TOKYO (Reuters) - Japan's Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, the latest dramatic twist to a highly contentious auction.

businessNews reuters.com

Airbus opens China A330 plant amid market push

TIANJIN (Reuters) - Airbus SE on Wednesday opened its Chinese completion plant for A330 jets, with hopes that an increased presence in the world's fastest growing aviation market would help boost demand for the firm's profitable but ageing wide-body jets.

businessNews reuters.com

Buffett calls pessimists about United States 'out of their mind'

NEW YORK (Reuters) - Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett's optimism for the country's prospects over the long term -- even 100 years into the future.

businessNews reuters.com

Exclusive: Toshiba selects Bain group as buyer of its memory chip business - sources

TOKYO (Reuters) - Japan's embattled Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday.

businessNews reuters.com

Asia steady after Wall St sets record highs, dollar treads water

TOKYO (Reuters) - Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day.

businessNews reuters.com

Uber reviews Asia business over bribery allegations in U.S.: Bloomberg

(Reuters) - Uber Technologies Inc [UBER.UL], which is the subject of a federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, Bloomberg reported, citing people with knowledge of the matter.

businessNews reuters.com

Asia steady after Wall St. notches record highs, dollar holds firm

TOKYO (Reuters) - Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day.

companyNews reuters.com

BRIEF-Gladstone Capital Corp prices series 2024 term preferred stock offering

* Gladstone Capital Corporation prices series 2024 term preferred stock offering

companyNews reuters.com

BRIEF-Walter Investment Management says co entered into a commitment letter with Barclays Bank

* Walter Investment Management Corp - on September 13, Walter Investment Management Corp entered into a commitment letter with Barclays Bank PLC - SEC filing

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Cyber attack, hurricane weigh on FedEx quarterly profit

(Reuters) - Package delivery company FedEx Corp said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from its quarterly profit, and the company lowered its full-year earnings forecast.

businessNews reuters.com

Wall Street edges higher; U.S. Fed meeting in focus

(Reuters) - The three major U.S. stock indexes edged higher on Tuesday, logging closing records, with financial stocks providing the biggest boost a day ahead of the Federal Reserve's concluding statement from its two-day policy meeting.

companyNews reuters.com

BRIEF-Altisource Residential Corp provides update on impact of Hurricane Irma

* Altisource Residential Corporation provides update on impact of Hurricane Irma

businessNews reuters.com

T-Mobile US explores takeover of Sprint: source

(Reuters) - U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.

companyNews reuters.com

BRIEF-Westlake Chemical Corp directs redemption of $250 mln of Go Zone Bonds

* Westlake Chemical Corporation directs redemption of $250 million of Go Zone Bonds Source text for Eikon: Further company coverage:

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Ford to cut production at five North American vehicle plants

DETROIT (Reuters) - Ford Motor Co said on Tuesday it plans to idle five North American vehicle assembly plants for a total of 10 weeks to reduce inventories of slow-selling models.

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FedEx quarterly profit falls

(Reuters) - Package delivery company FedEx Corp on Tuesday reported a lower quarterly net profit due to service disruptions following June's Petya cyber attack on its Dutch delivery unit TNT Express and the impact of Hurricane Harvey.

companyNews reuters.com

UPDATE 4-Toys 'R' Us seeks bankruptcy to survive retail upheaval

* CEO says company won't engage in "race to the bottom" (Recasts lead; adds details on court hearing, approval of loan request; updates share prices to close)

businessNews reuters.com

Wall St edges up on financials as Fed eyed

NEW YORK (Reuters) - U.S. stocks closed slightly higher on Tuesday but trading was in a narrow range with financial stocks providing the biggest boost ahead of the conclusion of the Federal Reserve's two-day policy meeting.

businessNews reuters.com

U.S. bankruptcy judge says will approve loan for Toys 'R' Us

WILMINGTON, Del (Reuters) - The U.S. Bankruptcy judge overseeing the Chapter 11 of Toys 'R' Us said on Tuesday he would approve the company's request to borrow more than $2 billion to help stabilize the largest U.S. toy chain as it builds inventory for the year-end shopping season.

businessNews reuters.com

Wall St. edges up as U.S. Fed meeting is in focus

(Reuters) - U.S. stocks were slightly higher on Tuesday, helped by gains in financial, technology and telecom stocks, but indexes traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve's policy meeting.

businessNews reuters.com

U.S. watchdog settled for small fine over Wells Fargo phony accounts: report

WASHINGTON (Reuters) - A consumer watchdog agency could have levied $10 billion in penalties against Wells Fargo & Co last year for opening unauthorized customer accounts, but settled for a fraction of that to resolve the matter quickly, according to regulatory documents released on Tuesday.

businessNews reuters.com

Exclusive: Toshiba flips back towards Western Digital group for chip unit sale - sources

TOKYO (Reuters) - Toshiba Corp is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp , people familiar with the deal said.

businessNews reuters.com

Tesla shares fall from record high after warning from analyst

SAN FRANCISCO (Reuters) - Shares of Tesla fell from record highs on Tuesday after an analyst warned that the electric car maker may take longer than expected to become profitable.

businessNews reuters.com

Exclusive: Toshiba flips back to favoring Western Digital group for chip unit sale - sources

TOKYO (Reuters) - Toshiba Corp is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp , just days after saying it was leaning toward a rival bid including a South Korean chipmaker, people familiar with the deal said in the latest in a series of twists for the critical deal.

businessNews reuters.com

Massachusetts sues Equifax as hack concerns spread to Canada

(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc following a breach that exposed the personal data of up to 143 million people, including 3 million in the state.

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New York City agency approves $9.4 million in tax breaks for Aetna

NEW YORK, Sept 19 (Reuters) - New York City's industrial development agency on Tuesday approved a $9.4 million tax-break package for Aetna Inc, as the third-largest U.S. health insurer moves its corporate headquarters to Manhattan from Connecticut.

businessNews reuters.com

Wall St. edges up on telecom gains; Fed meet in focus

(Reuters) - U.S. stocks edged up in early afternoon trading on Tuesday, helped largely by gains in telecom stocks, but traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve's policy meeting.

businessNews reuters.com

Fiat Chrysler recalls 494,000 pickup trucks for fire risk

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said Tuesday it will recall 494,000 medium and heavy-duty Ram pickup trucks worldwide because of a water pump that could overheat and potentially cause a fire.

businessNews reuters.com

Massachusetts sues Equifax for not protecting state residents

(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc following a breach that exposed the personal data of as many as 143 million people, including 3 million in the state.

companyNews reuters.com

MOVES-Rombouts to co-head Goldman EMEA corporate derivatives

LONDON, Sept 19 (IFR) - Goldman Sachs has moved Jeroen Rombouts, one of its most senior foreign exchange bankers, to its investment banking division to co-head corporate derivatives in Europe, Middle East and Africa.

companyNews reuters.com

BRIEF-U.S. Bancorp announces 7.1 pct increase in qtrly common stock dividends

* U.S. Bancorp announces a 7.1 percent increase in quarterly common stock dividends

businessNews reuters.com

Wall St. little changed as investors focus on Fed meeting

(Reuters) - U.S. stocks were little changed on Tuesday as investors held back from making major bets ahead of the Federal Reserve's policy meeting that is expected to roll out a plan to pare the central bank's debt holdings.

businessNews reuters.com

Walgreens gets regulatory nod for slimmed-down Rite Aid deal

(Reuters) - U.S. antitrust regulators have allowed a slimmed-down deal for drugstore chain Walgreens Boots Alliance Inc to buy about 42 percent of Rite Aid Corp's U.S. stores for $4.38 billion, Walgreens said on Tuesday.

businessNews reuters.com

Massachusetts sues Equifax for failing to protect state residents

WASHINGTON (Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax following a breach that exposed personal data about up to 143 million people, 3 million in Massachusetts.

businessNews reuters.com

Toys 'R' Us seeks bankruptcy to survive retail upheaval

(Reuters) - Toys 'R' Us Inc, the largest U.S. toy store chain, which filed for bankruptcy late Monday, will ask a judge on Tuesday for permission to borrow money so that it can start paying suppliers to ensure it has Lego building blocks and Barbie dolls for the holiday season.

businessNews reuters.com

Alibaba-backed Best Inc cuts expected price range for U.S. IPO

(Reuters) - Alibaba Group-backed Chinese logistics firm Best Inc on Tuesday slashed the expected price range of its U.S. initial public offering, one day before its market debut, suggesting tepid investor enthusiasm.

businessNews reuters.com

T-Mobile, Sprint in merger talks: CNBC

(Reuters) - U.S. wireless carriers T-Mobile US Inc and Sprint Corp are said to be in active merger talks, CNBC reported, citing sources.

worldNews reuters.com

Qatar, Kuwait stop renewing visas for North Korean workers

DOHA/KUWAIT (Reuters) - North Korean workers will start leaving Qatar and Kuwait after the Gulf Arab states said they would stop renewing visas, cutting off a source of foreign income for Pyongyang after U.N. Security Council sanctions and pressure from the United States.

businessNews reuters.com

Wall St. little changed ahead of Fed's policy meeting

(Reuters) - U.S. stocks were little changed in morning trading on Tuesday as investors avoided taking major bets ahead of the two-day Federal Reserve meeting that is expected to roll out a plan to pare the central bank's bond holdings.

businessNews reuters.com

Saudi Aramco could disclose accounts early 2018: sources

LONDON/DUBAI (Reuters) - Saudi Aramco will be able to release its audited financial accounts in early 2018 if the government decides on a venue for listing the oil giant's IPO and finalizes several reforms this year, three sources said.

businessNews reuters.com

Wall St. opens slightly higher ahead of Fed meet

(Reuters) - U.S. stocks opened slightly higher on Tuesday, with the Dow hitting another record, ahead of the two-day Federal Reserve meeting that is expected to roll out a plan to pare the central bank's bond holdings.

businessNews reuters.com

Volvo Cars plans U.S. plant expansion, doubling investment: source

STOCKHOLM (Reuters) - Volvo Cars is doubling investment in its first U.S. plant under construction to add a second production line at a total cost of $1 billion, a source with knowledge of the plans said, as the carmaker heads for a fourth straight year of record sales.

businessNews reuters.com

Walgreens gets regulator's nod to buy Rite Aid stores

(Reuters) - Drugstore chain Walgreens Boots Alliance Inc said on Tuesday it received regulatory clearance to buy 1,932 stores, 254 stores lesser than it had previously intended, from Rite Aid Corp for $4.38 billion.

companyNews reuters.com

BRIEF-Eaton Corporation enters into a contract for Turnkey engineering

* Eaton Corporation Plc - ‍announced a contract for Turnkey engineering of a scalable research environment at Tyndall air force base in Florida​ Source text for Eikon: Further company coverage:

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Nokia's French jobs cut plan suspended until October 2: French minister

PARIS (Reuters) - Nokia's plan to cut almost 600 jobs in France is suspended until Oct. 2, French junior economy minister Benjamin Griveaux said on Tuesday after meeting the head of the Finnish telecom equipment maker's French unit.

companyNews reuters.com

UPDATE 1-Investment bank Jefferies' quarterly profit doubles

Sept 19 (Reuters) - U.S. investment bank Jefferies Group LLC's third-quarter profit more than doubled from a year ago, as it earned more from advising on debt and equity financing as well as mergers and acquisitions.

businessNews reuters.com

Futures slightly higher ahead of Federal Reserve meeting

(Reuters) - U.S. stock index futures were slightly higher on Tuesday, ahead of the Federal Reserve's two-day policy meeting, which would give investors clues on the timing of the next U.S. interest rate hike.

businessNews reuters.com

Kohl's to accept Amazon returns in 82 stores

(Reuters) - Department store operator Kohl's Corp said on Tuesday that select merchandise bought from Amazon.com Inc can be returned at 82 Kohl's stores in Los Angeles and Chicago, starting October.

businessNews reuters.com

Billionaire Ratcliffe seeks British backing for Defender-style 4x4

LONDON (Reuters) - An off-roader modeled on Land Rover's classic Defender could be rolling off British production lines if the owner of petrochemicals giant Ineos can win government backing for it.

businessNews reuters.com

Airbus looks to China for A380 jumbo amid sluggish global sales

BEIJING (Reuters) - Chinese airlines could need between 60 and 100 Airbus A380 jets over the next five or so years as passenger traffic grows, the plane maker's China head said on Tuesday, amid rising questions over future demand for the super jumbo.

companyNews reuters.com

BRIEF-Mudrick Capital Management L.P. reports 15.3 pct stake in Verso Corp as of Sept 18, 2017

* Mudrick Capital Management L.P. reports 15.3 percent stake in Verso Corp as of September 18, 2017 - SEC Filing Source text: (http://bit.ly/2hflffJ) Further company coverage:

companyNews reuters.com

BRIEF-Digital Power Corporation announces corporate restructure

* Digital Power Corp - ‍subsequent to restructuring, company intends to keep its stock symbol and continue trading on NYSE American stock exchange​

nytimes.com

New York Today: New York Today: Hurricane Jose Approaches

Tuesday: Tracking the storm, the Big City Book Club, and President Trump at the U.N.

businessNews reuters.com

Airbus eyes China for A380 jumbo amid sluggish global sales

BEIJING (Reuters) - Chinese airlines could need between 60 and 100 of Airbus SE's A380 jets over the next five or so years as passenger traffic grows, the plane maker's China head said on Tuesday, amid rising questions over future demand for the super jumbo.

businessNews reuters.com

Swiss shut down 'fake' E-Coin in latest cryptocurrency crackdown

ZURICH (Reuters) - Switzerland's financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.