Bhinneka News Online: Breaking business news: U.S. economy accelerates in second quarter; hurricanes expected to slow growth

Thursday 28 September 2017

Breaking business news: U.S. economy accelerates in second quarter; hurricanes expected to slow growth

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Thursday, September 28, 2017

U.S. economy accelerates in second quarter; hurricanes expected to slow growth

WASHINGTON (Reuters) - The U.S. economy expanded a bit faster than previously estimated in the second quarter, recording its quickest rate of growth in more than two years, but the momentum likely slowed in the third quarter due to the impact of Hurricanes Harvey and Irma.

Roku connects with investors in debut, shares up 16.6 percent

(Reuters) - Shares of Roku Inc , a Fox-backed video streaming firm, rose as much as 16.6 percent in their market debut on Thursday, giving the U.S. IPO market a much-needed shot in the arm.

S&P ekes out record on healthcare gains, tax plan hopes

(Reuters) - Wall Street edged higher on Thursday, as the S&P 500 eked out a record on gains in McDonald's and healthcare names, while investors continued to hope President Donald Trump will be able to make progress on tax reform.

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.

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 behaviour in a trade dispute with Canada's Bombardier was undermining its commercial relationship with Britain.

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.

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.

Abbott wins U.S. antitrust approval to buy Alere with conditions

WASHINGTON (Reuters) - Abbott Laboratories has won U.S. antitrust approval to buy Alere Inc on condition that it sell two point-of-care medical testing businesses, the Federal Trade Commission said on Thursday.

French PM says would closely watch any attempt to change L'Oreal ownership

PARIS (Reuters) - France's prime minister said on Thursday he would look very carefully at any attempted ownership change at L'Oreal especially if an international investor sought to buy the world's biggest cosmetics firm.