Bhinneka News Online: Breaking business news: Energy shares lead broad rebound on Wall Street

Wednesday, 6 September 2017

Breaking business news: Energy shares lead broad rebound on Wall Street

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Wednesday, September 6, 2017

Energy shares lead broad rebound on Wall Street

(Reuters) - Wall Street climbed on Wednesday, boosted by energy shares and helped by news of an agreement to extend the debt limit, as stocks bounced back from a day-earlier selloff.

Fed sees pickup in economic growth, but inflation remains muted

WASHINGTON (Reuters) - The U.S. economy expanded at a modest to moderate pace in July through mid-August but signs of an acceleration in inflation remained slight, the latest survey conducted by the Federal Reserve showed on Wednesday.

Toys"R"Us taps law firm to weigh restructuring options: source

NEW YORK (Reuters) - Toys"R"Us Inc has hired law firm Kirkland & Ellis LLP to help weigh restructuring options ranging from a bankruptcy filing to raising financing as bricks and mortar retail goes through a major downturn, according to a person familiar with the matter.

United will not face fines after passenger dragging incident: official

WASHINGTON (Reuters) - The U.S. Transportation Department told United Continental Holdings Inc it would not face fines after a 69-year-old passenger was dragged from a flight at Chicago's O'Hare International Airport after he refused to give up his seat to make room for a crew member, a official confirmed Wednesday.

Madoff trustee recoups $687 million in biggest settlement since 2011

NEW YORK (Reuters) - The trustee recovering money for Bernard Madoff's victims on Wednesday announced his biggest settlement in six years, recouping $687 million from an Irish fund that began sending client money to the imprisoned Ponzi schemer in the 1990s.

Goldman suspends work on U.S. IPO of HNA's Pactera unit: sources

HONG KONG (Reuters) - Goldman Sachs has suspended its preliminary work on a planned U.S. initial public offering (IPO) for Chinese conglomerate HNA Group's IT outsourcing unit Pactera, four people familiar with the matter told Reuters.

Ackman's hedge fund to sell out of Nomad Foods after two-year run

BOSTON/LONDON (Reuters) - Billionaire investor William Ackman has decided to exit his large stake in Nomad Foods, selling out of one of his handful of investments at a time he is waging a proxy fight to push for change at another portfolio company.

U.S. services sector growth accelerates; trade deficit edges up

WASHINGTON (Reuters) - U.S. services sector activity accelerated in August amid strong gains in new orders and employment, suggesting that a slowdown in job growth last month was probably temporary.

U.S. Senate panel to look at self-driving commercial trucks

WASHINGTON (Reuters) - The U.S. Senate Commerce Committee plans a hearing next Wednesday on the future of self-driving commercial trucks that will include the chief executive of Navistar International Corp and safety advocates.

Exclusive: Saudi Arabia's Ma'aden asks banks to refinance nearly $3 billion of debt - sources

DUBAI (Reuters) - Saudi Arabian Mining Co (Ma'aden) , the Gulf's largest mining company, has asked banks to submit proposals for a loan which would refinance some $2.88 billion of existing debt, sources familiar with the matter said on Wednesday.