Reuters - Business Today

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Tuesday, September 26, 2017

North Korea, Fed nerves stifle global stocks, euro still groggy

LONDON (Reuters) - World stocks and the euro fell for a fourth day on Tuesday, as investors who had piled into both all year took a step back as the list of global uncertainties began to lengthen again.

U.S. Commerce Secretary Ross tells China to guarantee fair treatment for U.S. firms

BEIJING (Reuters) - U.S. Commerce Secretary Wilbur Ross said China needed to "guarantee fair and reciprocal treatment for U.S. firms" as he tried to strike an upbeat tone on a visit to Beijing amid trade tensions between the two countries.

Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale

TOKYO (Reuters) - Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp's prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner.

Exclusive: SEC hackers accessed authentic data used by companies in tests - sources

WASHINGTON/SAN FRANCISCO (Reuters) - Hackers breached the U.S. Securities and Exchange Commission's computer system last year by taking advantage of companies that used authentic financial data when they were testing the agency's corporate filing system, according to sources familiar with the matter.

U.S. companies urge EU to refrain from unilateral moves on Web tax

BRUSSELS (Reuters) - The European Union's plans to increase taxes on digital firms risks undermining the bloc's growth and stifle global efforts to find common solutions, U.S. companies operating in the EU said on Tuesday.

Alibaba takes control of logistics business, pledges $15 billion to expand network

HONG KONG/BEIJING (Reuters) - Chinese e-commerce firm Alibaba Group has taken control of logistics unit Cainiao and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network, underscoring aggressive expansion plans overseas.

Under activist pressure, Nestle sets margin goal

LONDON/ZURICH (Reuters) - Nestle , under pressure from activist shareholder Third Point, set an operating margin target for the first time, although it was seen as conservative and fell short of rival Unilever's ambitions .

China's iQiyi considers U.S. listing as early as 2018: source

HONG KONG/BEIJING (Reuters) - Baidu Inc's video streaming service iQiyi, a Chinese-style Netflix , is eyeing a potential initial public offering in the United States as early as next year, a person with direct knowledge of the plans said on Tuesday. The listing could value the company at between $8 billion and $10 billion, Bloomberg reported earlier, citing two people familiar with the matter.

Disney tests new store design as shoppers go online

LOS ANGELES (Reuters) - Walt Disney Co is testing the first major redesign of its retail stores in seven years, adding interactive experiences and live streams of theme park parades to lure consumers tempted by online shopping.

Top U.S. NAFTA negotiator sees no problem with pace of talks

OTTAWA (Reuters) - The top U.S. negotiator at talks to modernize the NAFTA trade pact on Monday dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying "I don't see a problem."