Reuters - Business Today

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Wednesday, August 23, 2017

Euro, bond yields rise on buoyant business surveys

LONDON (Reuters) - The European single currency and euro zone government bond yields rose on Wednesday after a survey showed the bloc's manufacturing businesses had their best month of growth in six-and-a-half years.

True price of an Uber ride in question as investors assess firm's value

SAN FRANCISCO (Reuters) - What is the true cost of an Uber ride?

Lowe's misses earnings estimates, forecasts slower margins growth

(Reuters) - Lowe's Companies Inc on Wednesday reported lower-than-expected quarterly earnings and warned of slower growth in profit margins, as it spends more on marketing to boost sales in a robust home improvement market.

Wal-Mart to enter voice-shopping market via Google platform

CHICAGO (Reuters) - Wal-Mart Stores Inc is teaming up with Alphabet Inc's Google to enter the nascent voice-shopping market, currently dominated by Amazon.com Inc , adding another front to Wal-Mart's battle with the online megastore.

Wall Street rally set to end after Trump's comments

(Reuters) - U.S. stocks were set to open lower on Wednesday as investors pulled back after President Donald Trump warned of a government shutdown to build a Mexico border wall and threatened to terminate a trade agreement with Mexico and Canada.

Toshiba prioritizes talks with Western Digital on chips business sale: Nikkei

TOKYO (Reuters) - Japan's Toshiba Corp is prioritizing talks with Western Digital to sell its memory chip business, as negotiations with a previously preferred bidder have stalled, the Nikkei business daily reported on Wednesday.

Massive California verdict expands J&J's talc battlefield

NEW YORK (Reuters) - A massive California verdict in a lawsuit alleging Johnson & Johnson's talc-based products cause cancer has opened a new front in the litigation, upending the company's hopes that the cases were only gaining traction in Missouri, legal experts said.

Toshiba sells $58.5 million in shares of Mitsubishi UFJ: source

TOKYO (Reuters) - Japan's Toshiba Corp sold $58.5 million worth of shares in Mitsubishi UFJ Financial Group on Wednesday, a source told Reuters, as the conglomerate struggles with losses from its bankrupt U.S. nuclear business.

Mutual funds mark down investments in Uber by as much as 15 percent

NEW YORK (Reuters) - Four mutual fund companies have marked down their investments in Uber Technologies Inc [UBER.UL] by as much as 15 percent following a scandal-ridden year for the ride-hailing company.

Blackstone explores IPO of Gates Global: sources

(Reuters) - Private equity firm Blackstone Group LP is exploring an initial public offering (IPO) of Gates Global LLC, three years after it acquired the U.S. auto parts and building products maker for $5.4 billion, people familiar with the matter said on Tuesday.