Bhinneka News Online: Breaking business news: Fresh North Korea tensions hit Wall Street

Tuesday, 5 September 2017

Breaking business news: Fresh North Korea tensions hit Wall Street

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Tuesday, September 5, 2017

Fresh North Korea tensions hit Wall Street

(Reuters) - U.S. stocks sank on Tuesday, with the S&P 500 stumbling to its biggest single-day loss in about three weeks, as investors weighed fresh tensions with North Korea.

UTC touts $23 billion deal as stock drops, Boeing turns critic

NEW YORK (Reuters) - Investors and Boeing Co gave two thumbs down on Tuesday to aerospace and industrial company United Technologies Corp $23 billion plan to buy avionics maker Rockwell Collins Inc .

HP Enterprise revenue beats on higher demand for networking devices

(Reuters) - Data center technology company Hewlett Packard Enterprise Co reported a better-than-expected quarterly revenue, helped by higher sales for its networking equipment.

Trump says vital to reduce tax burden on people and companies

WASHINGTON (Reuters) - President Donald Trump on Tuesday urged leaders of the U.S. Congress to make a big push on tax reform with tax cuts on individuals and companies and tax breaks for businesses to bring back profits from overseas.

U.S. factory orders tumble, but business spending firming

WASHINGTON (Reuters) - New orders for U.S.-made goods recorded their biggest drop in nearly three years in July, but demand for capital goods was stronger than previously reported, pointing to a faster pace of business spending early in the third quarter.

Exclusive: Western Digital offers to exit Toshiba chip bid for better JV terms

TOKYO (Reuters) - Western Digital Corp has offered to drop out of a group bidding for Toshiba's coveted flash memory chip business to take a stronger position in their joint venture instead, two sources familiar with the matter said on Tuesday.

Exclusive: EPA eyes limits for agricultural chemical linked to crop damage

(Reuters) - The U.S. environmental agency is considering banning sprayings of the agricultural herbicide dicamba after a set deadline next year, according to state officials advising the agency on its response to crop damage linked to the weed killer.

Tronc buys New York Daily News in push into No. 1 media market

(Reuters) - Tronc Inc , owner of the Chicago Tribune and the Los Angeles Times newspapers, has gained entry into the United States' top media market by acquiring the New York Daily News from publishing and property mogul Mort Zuckerman.

Exclusive: Under pressure, Hyundai clashes with China partner over suppliers - sources

BEIJING/SEOUL (Reuters) - Hyundai Motor Co is at loggerheads with its Chinese partner over efforts to cut supplier costs, as they grapple with cut-throat competition and the impact of a stand-off between Beijing and Seoul, four people familiar with the dispute said.

Florida insurers shares tumble as Hurricane Irma looms

(Reuters) - Shares of Florida home insurers, including Heritage Insurance Holdings, tumbled on Tuesday and many extended losses later in the day as Hurricane Irma appeared set to hit Florida on Saturday, causing investors to brace for losses.