Reuters - Daily Investor Update

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Monday, August 28, 2017

Audi, shaken by emissions scandal, reshuffles management board

FRANKFURT (Reuters) - Volkswagen's premium carmaker Audi announced its biggest management reshuffle in years on Monday as it seeks a fresh start in the aftermath of the diesel emissions scandal.

Wall Street opens higher; Harvey puts oil in focus

(Reuters) - Wall Street opened higher on Monday, boosted by consumer discretionary stocks, while investors assessed the impact of Tropical Storm Harvey on the U.S. economy.

Home improvement retailers rise in premarket trading after Harvey

NEW YORK (Reuters) - Shares of U.S. home improvement retailers rose in premarket trading on Monday as Tropical Storm Harvey was set to dump more rain on Houston, Texas, intensifying flooding in the fourth-largest U.S. city.

Uber picks Expedia's Dara Khosrowshahi as new CEO: sources

(Reuters) - Uber Technologies Inc [UBER.UL] chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis.

Pershing Square's Ackman made settlement offer to ADP: filing

BOSTON (Reuters) - Billionaire investor William Ackman made a settlement proposal to Automatic Data Processing two weeks ago by suggesting that the board add his three nominees to avoid fighting an expensive and disruptive proxy battle, a new filing shows.

Brazil's Petrobras fuel distribution unit taps Grisolia as CFO

SAO PAULO (Reuters) - The board of Petróleo Brasileiro SA's fuel distribution unit tapped Rafael Salvador Grisolia as new Chief Executive Officer, according to a Monday securities filing, as it prepares for an initial public offering.

Oil markets roiled as Harvey hits U.S. petroleum industry

LONDON (Reuters) - Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out several refineries as well as some crude production.

Gasoline soars, dollar weakens as Tropical Storm Harvey rages

LONDON (Reuters) - U.S. gasoline futures jumped to two-year highs while an already weak dollar hit 16-month lows against a basket of currencies on Monday as Tropical Storm Harvey pummelled the heart of the U.S. energy sector and raised concerns about the economy.

Pakistani bank says New York regulator seeks to fine it up to $630 million

ISLAMABAD (Reuters) - The New York State Department of Financial Services (DFS) is seeking to fine Habib Bank Ltd nearly $630 million for deficiencies relating to compliance with state and federal laws at its only U.S. branch, an official of the Pakistan bank said on Monday.

Harvey throws a wrench into U.S. energy engine

HOUSTON (Reuters) - A hurricane in the heart of the U.S. energy industry is set to curtail near-record U.S. oil production for several weeks, with the impact expected to reverberate throughout the country and across international energy markets.