Breaking business news: Wall St. ends flat after Yellen; tech shares bounce

Click to View in Browser Tuesday, September 26, 2017 Wall St. ends flat after Yellen; tech shares bounce NEW YORK (Reuters) - The S&P 500 ended flat on Tuesday and the Nasdaq posted modest gains as technology shares bounced from sharp losses in the prior session and comments from Fed Chair Janet Yellen boosted expectations of a December rate hike. SEC chair grilled by Senate panel over cyber breach, Equifax WASHINGTON (Reuters) - The chairman of the U.S. Securities and Exchange Commission (SEC) told a congressional committee on Tuesday he did not believe his predecessor Mary Jo White knew of a 2016 cyber breach to the regulator's corporate disclosure system, the exact timing of which could not be known "for sure." Siemens, Alstom join forces to create European rail champion FRANKFURT/PARIS (Reuters) - German industrial group Siemens and French rival Alstom agreed on Tuesday to merge their rail operations, creating a European champion to better withstand the international advance of Chinese state-owned CRRC . U.S. homes in on labor, investment as top officials join talks OTTAWA (Reuters) - Top officials from Canada, the United States and Mexico join negotiations on modernizing NAFTA in Ottawa on Tuesday where the U.S. is expected to present draft text on issues such as labor, investment and intellectual property. Fed's Yellen says gradual hikes should continue, despite weak inflation CLEVELAND (Reuters) - The Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation, Fed Chair Janet Yellen said on Tuesday in remarks that acknowledged the central bank's struggles to forecast one of its key policy objectives. U.S. consumer confidence slips; new home sales hit eight-month low WASHINGTON (Reuters) - U.S. consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt economic growth in the third quarter. Bombardier shares leap 14 percent ahead of U.S. trade court ruling TORONTO (Reuters) - Shares of Bombardier Inc rose as much as 13.6 percent on Tuesday ahead of a U.S. trade court's preliminary ruling on Boeing Co's CSeries aircraft dumping complaint. FCC finds 'effective competition' in U.S. wireless market WASHINGTON (Reuters) - A divided Federal Communications Commission on Tuesday approved a report that found for the first time since 2009 there is "effective competition" in the wireless market, a finding that could help Sprint Corp and T-Mobile US Inc to merge. JPMorgan scores partial win in $1.5 billion GM bankruptcy dispute WILMINGTON, Del (Reuters) - JPMorgan Chase & Co scored a partial victory on Tuesday in a long-running dispute over the repayment of a $1.5 billion loan it made to General Motors' bankrupt predecessor, known as 'Old GM'. Nike's quarterly profit beats on strong China demand (Reuters) - Nike Inc reported higher-than-expected quarterly profit on Tuesday, as the world's largest footwear maker benefited from strong demand in China, its third-biggest market, and cost cuts. Related Video Macron speaks on Europe but is Germany listening? Equifax CEO retires following massive cyber attack 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