Reuters - Daily Investor Update

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Tuesday, August 29, 2017

Whole Foods shareholder lawsuit concerning overcharges is dismissed

(Reuters) - A federal judge has dismissed a lawsuit accusing the former Whole Foods Market Inc and several executives of intentionally defrauding shareholders by routinely overpricing prepackaged products in its supermarkets.

Alphabet's Google acts to comply with EU antitrust order

BRUSSELS (Reuters) - Google has submitted details of how it plans to stop favoring its shopping service to comply with a European Union antitrust order, EU regulators said on Tuesday.

Homeowner's lawsuit says Wells Fargo charged improper mortgage fees

NEW YORK (Reuters) - A homeowner has filed a lawsuit accusing Wells Fargo & Co of improperly charging thousands of customers nationwide to lock in interest rates when their mortgage applications were delayed.

Stocks, dollar recover as North Korea jitters abate

NEW YORK (Reuters) - U.S. stocks rebounded from a sharply lower open on Tuesday and helped an index of global equity markets pare losses as investors shrugged off concerns over North Korea's latest missile test.

Wall Street ends higher after early North Korea selloff

NEW YORK (Reuters) - U.S. stocks ended higher on Tuesday after recovering from steep early losses brought by fears of escalation of hostilities in the Korean Peninsula.

U.S. software coding school Galvanize to cut 11 percent of workforce

(Reuters) - Galvanize, a for-profit software coding school that has raised $63 million in venture funding, plans to lay off 11 percent of its workforce, the company said on Tuesday.

Harvey threatens more U.S. Gulf refineries, supply constraints emerge

HOUSTON (Reuters) - Record rains and flooding from Tropical Storm Harvey triggered more oil refining outages in Texas on Tuesday, bringing the total offline to more than 16 percent of overall U.S. capacity as the storm took aim at plants along the Louisiana coast.

Exxon says Beaumont, Texas, refinery operating at reduced rates

(Reuters) - ExxonMobil Corp on Tuesday said its 362,300 barrel-per-day (bpd) Beaumont, Texas, refinery is operating at reduced rates and some units have been shut down due to tropical storm Harvey.

Bombardier out of running for $3.2 billion New York transit contract

MONTREAL (Reuters) - Canada's Bombardier Inc is out of the running for an estimated $3.2 billion New York City subway contract, in what the plane and train maker on Tuesday called a disappointment.

S&P sees U.S. keeping AA+ rating if it avoids default

NEW YORK (Reuters) - Standard & Poor's said on Tuesday the United States would maintain its AA+ credit rating, its second highest, as long as the federal government avoids a default even if it does not increase the debt ceiling in a timely manner.