Reuters Business Today: March 27, 2017

Click to View in Browser Monday, March 27, 2017 Wall Street off as Trump agenda weighed; Dow down for eighth day (Reuters) - The S&P 500 cut earlier losses on Monday to end slightly lower, while the Dow declined for an eighth straight session, as investors assessed how the defeat of President Donald Trump's first major legislative action would impact the rest of his agenda. Trump tax plan faces rockier road after stinging healthcare loss WASHINGTON (Reuters) - Following the failure of a healthcare bill backed by President Donald Trump, his administration plans to take a lead role in crafting major legislation to cut taxes with an eye toward meeting an August target date, the White House said on Monday. Asset sales plan secures EU backing for $130 bln Dow, DuPont merger (Reuters) - Dow Chemical and DuPont won the blessing of the European Union for their $130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities. Bill Gross, Pimco settle lawsuit over his exit for $81 million: sources NEW YORK (Reuters) - Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/2-year drama over the well-known bond investor's abrupt departure from one of the world's biggest asset managers. Saudi Arabia sweetens huge Aramco IPO with tax cut JEDDAH, Saudi Arabia/RIYADH (Reuters) - Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale. Samsung Electronics says to sell refurbished Galaxy Note 7s SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Monday it plans to sell refurbished versions of the Galaxy Note 7 smartphones that were pulled from markets due to fire-prone batteries. Elon Musk's new co could allow uploading, downloading thoughts: Wall Street Journal (Reuters) - Tesla Inc founder and Chief Executive Elon Musk has launched a company called Neuralink Corp through which computers could merge with human brains, the Wall Street Journal reported, citing people familiar with the matter. Snap surges after IPO banks give flurry of 'buy' ratings (Reuters) - Shares of Snap Inc jumped over 5 percent on Monday after several of the Snapchat owner's IPO underwriters handed it badly-needed "buy" ratings. Toshiba wants Westinghouse to file for bankruptcy as early as Tuesday: source TOKYO (Reuters) - Toshiba Corp wants its U.S nuclear unit to file for Chapter 11 protection from creditors as early as Tuesday, according to a source with direct knowledge of the matter, seeking a quick ringfencing of losses before the Japanese parent's financial year ends. Facebook's Messenger app adds live location-sharing MENLO PARK, Calif. (Reuters) - Facebook Inc added a feature to its Messenger app on Monday to allow users to share their locations continuously for up to an hour, ramping up competition with tools offered by Apple Inc and Alphabet Inc's Google Maps. Related Video Breakingviews TV: Kushner's business Uber suspends self-driving program Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook