Reuters Business Today: March 29, 2017

Click to View in Browser Wednesday, March 29, 2017 Energy, consumer shares lift S&P 500 to slight gain (Reuters) - The benchmark S&P 500 eked out a gain on Wednesday as strength in the energy and consumer sectors offset declines in financial shares and investors began looking ahead to first-quarter earnings season. Samsung launches Galaxy S8 and dreams of recovery from Note 7 SEOUL/NEW YORK - (Reuters) - Samsung Electronics Co Ltd unveiled its Galaxy S8 flagship smartphone as it battles to regain the market leadership it lost to Apple Inc after the embarrassing withdrawal of the fire-prone Note 7s. Banks to London staff: no panic as Britain launches EU divorce process LONDON (Reuters) - Banks in Britain have tried to reassure their London staff over possible Brexit disruption, including a shift in jobs to continental Europe, as Prime Minister Theresa May triggered formal EU divorce proceedings on Wednesday. U.S. pending home sales surge to ten-month high ahead of spring WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes jumped to a 10-month high in February, pointing to robust demand for housing ahead of the busy spring selling season. Clouds over Trump tax plan may curb appetite for U.S. stocks NEW YORK (Reuters) - Wall Street has tempered its expectations for sweeping U.S. tax cuts in the wake of President Donald Trump's stinging healthcare defeat, a move that could push investors to embrace cheaper global stocks after the heady U.S. rally of recent months. Huge nuclear cost overruns push Toshiba's Westinghouse into bankruptcy WILMINGTON, DEL./TOKYO (Reuters) - Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp , filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast. BlackBerry, freed of handsets, looks to software for return to glory TORONTO (Reuters) - Although BlackBerry Ltd has extricated itself from the smartphone handsets that weighed on its recent fortunes, the Canadian firm faces a tough slog to convince skeptics it can return to its glory days through an enlarged software business. OPEC compliance with oil curbs rises in March as UAE joins cut: survey LONDON/DUBAI (Reuters) - OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya. Other Akzo shareholders also want talks with PPG: Elliott Advisors AMSTERDAM (Reuters) - Elliott Advisors, the activist investor with a 3.25 percent stake in Akzo Nobel , said on Wednesday other shareholders owning almost a quarter of the Dutch paints and chemicals group want it to enter into talks with spurned U.S. suitor PPG Industries . Santander to pay $25.9 million to resolve subprime auto loan probes BOSTON (Reuters) - Santander Consumer USA Holdings Inc has agreed to pay $25.9 million to resolve investigations by the attorneys general in Massachusetts and Delaware into its financing and securitization of sub-prime auto loans. Related Video Deutsche Boerse, LSE merger struck down Breakingviews TV: EU's antitrust future 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