Reuters - Business Today

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Friday, September 1, 2017

Dow, DuPont complete planned merger to form DowDuPont

(Reuters) - Dow Chemical Co and DuPont said on Friday the companies had successfully completed their planned $130 billion merger to form DowDuPont.

Stocks advance, dollar struggles ahead of U.S. jobs data

LONDON (Reuters) - Gains for Europe and Asia pushed world shares back towards record highs on Friday, while the dollar lost traction ahead of U.S. payrolls data.

U.S. job growth slows in August; wage growth retreats

WASHINGTON (Reuters) - U.S. job growth slowed more than expected in August after two straight months of strong gains, but the pace of increase should be more than sufficient for the Federal Reserve to announce a plan to start trimming its massive bond portfolio.

Futures higher as August payrolls data awaited

(Reuters) - U.S. stock index futures were slightly higher on Friday as investors await the August nonfarm payrolls report, which is likely to feed into the Federal Reserve's decision for an interest rate hike later this year.

Volvo shares jump on truck maker's new margin target

STOCKHOLM (Reuters) - Shares in truck maker Volvo jumped more than 7 percent on Friday after the Swedish firm targeted the highest level of profitability since the sale of its car making arm to Ford nearly two decades ago.

Western Digital CEO apologized to Toshiba for friction over chip unit sale

TOKYO (Reuters) - Western Digital Corp's CEO apologized to his counterpart at Toshiba Corp for strained ties after the U.S. firm sued to keep their chip joint venture from being sold to rival bidders, according to an Aug. 11 letter.

Retail U.S. gasoline prices surge as Harvey keeps refiners shut

HOUSTON/NEW YORK (Reuters) - Retail U.S. gasoline prices hit two-year highs and global shipping routes were scrambled as the nation's largest refiners remained shut on Friday, even as Storm Harvey lost strength.

U.S. labor board files complaint against Tesla over worker rights

(Reuters) - The U.S. agency in charge of enforcing labor law on Thursday filed a complaint against electric carmaker Tesla Inc , saying it found merit to workers' complaints about unfair labor practices.

American retailers, restaurants oppose U.S. NAFTA produce proposal

WASHINGTON (Reuters) - American retail, restaurant and agriculture groups weighed in on Thursday against a U.S. NAFTA modernization proposal that could pave the way for U.S. seasonal produce growers to file anti-dumping cases against Mexico, according to letters sent to Trump administration officials.

Harvey residential insured and uninsured flood loss $25-$37 billion: Corelogic

(Reuters) - Analytics firm Corelogic estimates total residential insured and uninsured flood loss from Hurricane Harvey of between $25 billion and $37 billion, it said on Friday.