Reuters Business Today: April 3, 2017

Click to View in Browser Monday, April 3, 2017 Wall St down on weak auto sales, doubts about Trump agenda (Reuters) - Wall Street closed slightly lower on Monday as March auto sales disappointed and investors questioned whether the Trump administration would deliver on its pro-business economic stimulus. Elon Musk mocks short sellers after Tesla stock surge (Reuters) - As Tesla Inc's strong quarterly vehicle deliveries sent its stock to a record high on Monday, Chief Executive Elon Musk took a swipe at traders betting the luxury electric car company is on a road to ruin. U.S. factory activity cools slightly; trend remains bullish WASHINGTON (Reuters) - A measure of U.S. manufacturing activity retreated from a 2-1/2-year high in March amid a decline in production and an inventory drawdown, but a surge in factory jobs indicated that the sector's energy-led recovery was gaining momentum. Government orders Wells Fargo to reinstate whistleblower (Reuters) - The federal government has ordered Wells Fargo to reinstate a former bank manager who lost his job after reporting suspected fraudulent behavior at the bank. Akzo Nobel CEO says PPG proposal is insufficient AMSTERDAM (Reuters) - Akzo Nobel CEO Ton Buechner repeated on Monday his opposition to a March 20 takeover proposal from U.S. rival PPG Industries , saying he sees no merit in negotiating with PPG. Architect of modern VW cuts ties with share sale BERLIN (Reuters) - Former Volkswagen Chairman Ferdinand Piech has agreed to sell a major part of his stake in the firm that controls Europe's biggest carmaker, reducing his links with Volkswagen after more than two decades of undisputed rule. FCC limits order on Charter extending broadband service WASHINGTON (Reuters) - The U.S. Federal Communications Commission is reversing a requirement imposed under the Obama administration that Charter Communications Inc extend broadband service to 1 million households already served by a competitor, under an order to be made public on Monday. AIG morale could spook talent, curb turnaround plan: UBS report (Reuters) - A morale crisis at American International Group Inc could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an analysis on Monday. Panera Bread exploring sale: Bloomberg (Reuters) - Panera Bread Co is considering strategic options, including a sale, after receiving takeover interest, Bloomberg reported on Monday. Imagination Technologies' shares plunge 70 percent after Apple ditches firm LONDON (Reuters) - Imagination Technologies has been told by Apple , its biggest customer, that the maker of iPhones, iPads and Apple Watches is to stop using its graphics technology in its new products, sending shares in the company crashing by more than 70 percent on Monday. Related Video Disappointing March sales weigh on U.S. automakers Breakingviews TV: Yuan percent 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