Bhinneka News Online: Breaking business news: Wall Street closes little changed as Harvey pummels Texas

Monday 28 August 2017

Breaking business news: Wall Street closes little changed as Harvey pummels Texas

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Monday, August 28, 2017

Wall Street closes little changed as Harvey pummels Texas

NEW YORK (Reuters) - The S&P 500 and Dow ended little changed on Monday, with energy and bank shares lower as Tropical Storm Harvey crippled the U.S. energy hub in Texas, while tech and healthcare gave a light boost to the Nasdaq.

Expedia's Khosrowshahi poised to take Uber CEO job: memo

(Reuters) - Expedia Inc Chief Executive Dara Khosrowshahi is poised to accept Uber Technologies Inc's [UBER.UL] offer to become its new CEO, according to an internal memo sent to Expedia staff, putting him in charge of turning around the loss-making, scandal-ridden ride-services company.

U.S. gasoline price jumps, crude falls as Harvey hits refiners

NEW YORK (Reuters) - Gasoline prices surged to two-year highs on Monday as Tropical Storm Harvey knocked out several refineries and disrupted fuel production, while a back up in crude supplies pushed U.S. crude oil futures down more than 2.5 percent.

GE shifts strategy, financial targets for digital business after missteps

NEW YORK (Reuters) - General Electric Co wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the business.

Fitbit takes aim at Apple with new smartwatch launch

(Reuters) - Wearable device maker Fitbit Inc on Monday launched its newest device, the Ionic smartwatch, with features ranging from fitness tracking to contactless payment, as it gears up to compete with rivals such as Apple Inc .

U.S. home improvement retailer, oil refiner shares climb after Harvey

NEW YORK (Reuters) - Shares of U.S. home improvement retailers and oil refiners climbed on Monday as flooding from Tropical Storm Harvey in Houston, Texas, was likely to worsen in the fourth-largest U.S. city.

U.S. goods trade deficit widens in July; retail inventories fall

WASHINGTON (Reuters) - The U.S. goods trade deficit increased in July as exports fell, suggesting that trade would make a modest contribution to economic growth in the third quarter.

Whole Foods slashes prices on some produce, also selling Amazon's Echo

LOS ANGELES/CHICAGO (Reuters) - On its first day as part of Amazon.com , organic grocery chain Whole Foods Market Inc slashed prices on popular items like avocados and apples on Monday by a third as it bid to shake off its "Whole Paycheck" reputation for high prices.

Western Digital group finalizing $17 billion deal for Toshiba chip unit: source

TOKYO (Reuters) - A consortium led by Western Digital Corp is close to an agreement to buy Toshiba Corp's $17.4 billion chip business, with the U.S. firm's CEO in Tokyo to finalize the long and contentious talks, a person familiar with the matter said.

CBS agrees to buy embattled Australian customer Ten Network

SYDNEY (Reuters) - CBS Corp , the United States' most-watched television network, on Monday said it plans to buy its biggest customer in Australia, Ten Network Holdings Ltd , and launch its streaming service in the country.