Reuters - Business Today

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Tuesday, September 19, 2017

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.

Toys 'R' Us files for bankruptcy ahead of holiday season

(Reuters) - Toys 'R' Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains.

With new operating system, Apple revamps its money-making App Store

(Reuters) - Apple Inc's newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps.

Bayer says needs more time for Monsanto deal approval

MONHEIM, Germany (Reuters) - German drugs and pesticides group Bayer said it would likely take until early next year to complete the planned $66 billion takeover of U.S. seeds group Monsanto , which it had previously expected to be under wraps by the end of 2017.

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.

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.

Activist lifts Clariant stake, aiming to scuttle Huntsman deal

ZURICH (Reuters) - The activist investor fighting Clariant's planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake in the Swiss chemicals maker, making it the company's biggest shareholder.

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.

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.

Alibaba-backed logistics firm Best slashes proposed U.S. IPO: IFR

HONG KONG (Reuters) - Chinese logistics firm Best Inc, backed by Alibaba Group Holding Ltd , cut the size of a proposed U.S. initial public offering (IPO) after receiving tepid investor response to its preliminary valuation, IFR reported on Tuesday citing people close to the deal.