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Thursday, September 28, 2017

U.S. second-quarter GDP growth revised up to 3.1 percent

WASHINGTON (Reuters) - The U.S. economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years, but the momentum probably slowed in the third quarter as Hurricanes Harvey and Irma temporarily curbed activity.

Dollar dips after Trump tax plan spurt, bond yields stay up

LONDON (Reuters) - The dollar pulled back on Thursday, having risen along with bond yields after President Donald Trump proposed the biggest shake-up of the U.S. tax system in three decades and data bolstered calls for another Fed rate hike this year.

Toshiba $18 billion sale of chip unit signed, but discord emerges immediately

TOKYO (Reuters) - Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting.

Wealthy financiers could gain from Trump's proposed tax cut for small businesses

WASHINGTON (Reuters) - High-income Wall Street financiers could be unintended winners from a section of U.S. President Donald Trump's tax-cut plan that is meant to help mostly small, "mom-and-pop" businesses.

Exclusive: Lyft close to selecting IPO adviser - sources

SAN FRANCISCO (Reuters) - Lyft Inc is close to hiring an initial public offering (IPO) advisory firm, in the first concrete step by the second biggest U.S. ride service company to become publicly listed, according to people familiar with the matter.

Aramco listing reshapes Saudi Arabia's OPEC oil policy

DUBAI/LONDON (Reuters) - Saudi Arabia's plans to float state oil titan Aramco are prompting the country to think the unthinkable.

Britain's May fires warning to Boeing over Bombardier trade dispute

LONDON (Reuters) - Prime Minister Theresa May told U.S. planemaker Boeing on Thursday that its behavior in a trade dispute with Canada's Bombardier was undermining its commercial relationship with Britain.

Accenture revenue beats as bets on digital, cloud pay off

(Reuters) - Accenture Plc reported better-than-expected quarterly revenue, as the consulting and outsourcing services provider benefited from its investments in fast-growing digital and cloud service businesses.

Kellogg names Nature's Bounty exec Steven Cahillane as CEO

(Reuters) - Cereal maker Kellogg Co said Steven Cahillane, the chief executive of nutritional supplements maker Nature's Bounty, will replace John Bryant as its CEO, effective Oct. 2.

McDonald faces tough task to look good in M&S fashion

LONDON (Reuters) - Jill McDonald picks up something of a poisoned chalice when she starts as boss of clothing at Marks & Spencer on Monday, with little room to maneuver as she tackles one of the biggest jobs in British retailing on her first foray into fashion.