Breaking business news: S&P 500, Nasdaq hit records on tech lift

Click to View in Browser Friday, September 29, 2017 S&P 500, Nasdaq hit records on tech lift (Reuters) - The S&P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes closed out the quarter with solid gains. Hurricane Harvey curbs U.S. consumer spending; inflation muted WASHINGTON (Reuters) - U.S. consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales, while annual inflation increased at its slowest pace in nearly two years, pointing to a moderation in economic growth in the third quarter. Bankers anxious over consumer reactions to Equifax breach (Reuters) - U.S. lenders are concerned their consumer loan and credit card businesses could be stymied if large numbers of people lock or freeze their credit reports to protect themselves in the wake of the Equifax Inc hack. Lagging U.S. online giants, Europe calls on them to pay up TALLINN (Reuters) - French, Italian and other European leaders upped the pressure on mostly U.S. tech giants to pay their fair share of taxes in the European Union and abide by the bloc's rules when they met on Friday, but were still far from a consensus on the issue. Fed fines HSBC $175 million for lack of forex trading oversight WASHINGTON (Reuters) - The Federal Reserve on Friday fined HSBC Holdings PLC $175 million for "unsafe and unsound practices" in its foreign exchange trading business, the latest in a series of fines for banks' failures to prevent market manipulation. Deutsche Bank in $190 million currency-rigging settlement NEW YORK (Reuters) - Deutsche Bank AG agreed to pay $190 million to settle U.S. litigation accusing it of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market. VW's Dieselgate bill hits $30 billion after another charge HAMBURG/BERLIN (Reuters) - Volkswagen is taking another $3 billion charge to fix diesel engines in the United States, lifting the total bill for its emissions-test cheating scandal to around $30 billion. U.S. auto sales for September to be highest in 2017: JD Power and LMC (Reuters) - Americans in hurricane ravaged cities are replacing their damaged vehicles and that is set to lift the pace of vehicles sales for September to its highest level this year, according to consultancies J.D. Power and LMC Automotive. ISS says P&G investors should vote Peltz on to board NEW YORK (Reuters) - Institutional Shareholder Services, the influential proxy adviser, said on Friday shareholders in Procter & Gamble Co should vote activist investor Nelson Peltz to the board of the consumer goods giant. Lyft IPO puts investors in self-driving cars as well as ride services DETROIT (Reuters) - An initial public offering by Lyft Inc will give investors a way to jump into self-driving cars, although the ride services company and rival Uber Technologies Inc may have to wait years before sending a driverless robotaxi to a customer. Related Video Uber CEO to meet London transport boss Breakingviews TV: IKEA's DIY deal 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