Reuters Business Today: May 1, 2017

Click to View in Browser Monday, May 1, 2017 U.S. consumer spending unchanged in March; inflation subsides WASHINGTON (Reuters) - U.S. consumer spending was unchanged in March for a second straight month and the overall monthly inflation rate fell for the first time in a year,confirming the weak domestic demand in the first quarter. Dish's profit falls on bigger-than-expected subscriber loss (Reuters) - Dish Network Corp reported a 6 percent drop in quarterly profit on Monday as the U.S. satellite TV provider lost more pay-TV subscribers than expected. Asian equities edge up as Japan outperforms, dollar regains traction TOKYO (Reuters) - Asian stocks shook off a sluggish start and edged up on Monday, with Japan outperforming on upbeat earnings, while the dollar regained traction as the U.S. government looked likely to avoid a shutdown. Trump could target 'carried interest' tax loophole: official WASHINGTON (Reuters) - The Trump administration's push to overhaul tax laws might soon target a loophole used by some financial managers to lower their tax rates, White House Chief of Staff Reince Priebus said on Sunday. Exclusive: Blackstone's GSO snaps up J. Crew debt in restructuring gambit NEW YORK (Reuters) - GSO Capital Partners, private equity firm Blackstone Group LP's credit arm, is acquiring more of J. Crew Group Inc's debt, hoping for a profitable trade that could also give the U.S. fashion retailer more time to stave off bankruptcy, people familiar with the matter said. Twenty-First Century Fox in talks with Blackstone to buy Tribune NEW YORK (Reuters) - Twenty-First Century Fox Inc is in talks with Blackstone Group LP about submitting an offer to buy Tribune Media Co , one of the largest U.S. television station operators, sources familiar with the matter said on Sunday. U.S. to probe Japanese, German automakers over alleged patent violations TOKYO (Reuters) - The United States will begin an investigation into whether thermoplastic components used in some Japanese and German vehicle models sold in the country violate its patent laws, trade authorities said late last week. Japan final April PMI shows manufacturing activity accelerating, export orders solid TOKYO, (Reuters) - - Japanese manufacturing activity expanded at a stronger pace in April than the previous month as export orders increased, a revised survey showed on Monday, suggesting firms' output remains on track to rise thanks to overseas demand. UPS air maintenance workers threaten strike ahead of shareholders meeting (Reuters) - A union representing 1,200 U.S. air maintenance workers at United Parcel Service Inc  turned up pressure on the company on Sunday to settle a three-year contract dispute, saying it would seek clearance to strike. Siemens, SAP sign cooperation deals with Saudi Arabia: officials JEDDAH (Reuters) - Saudi Arabia wants German companies Siemens and SAP to play an important role in furthering the kingdom's "digital transformation", company officials said on Sunday during German Chancellor Angela Merkel's visit to the country. Related Video U.S. lawmakers reach deal averting shutdown Week ahead: all change for France, but not for Fed? 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