Bhinneka News Online: Breaking business news: Wall St. opens lower as Irma powers toward Florida

Friday, 8 September 2017

Breaking business news: Wall St. opens lower as Irma powers toward Florida

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Friday, September 8, 2017

Wall St. opens lower as Irma powers toward Florida

(Reuters) - U.S. stocks opened lower on Friday as investors assessed the financial impact of hurricane Harvey, as hurricane Irma powers toward Florida.

Will Saudi Aramco deliver world record profit for next year's IPO?

LONDON (Reuters) - When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). [IPO-ARMO.SE]

Exclusive: ECB policymakers agreed on stimulus cut at meeting - sources

FRANKFURT (Reuters) - European Central Bank policymakers meeting on Thursday were in broad agreement their next step would be to cut bond purchases, with four options under consideration, two sources with direct knowledge of the discussion said.

Equifax slumps after data breach likely hit 143 million consumers

(Reuters) - Shares of Equifax Inc tumbled 13 percent on Friday after the provider of consumer credit scores revealed that personal details of as many as 143 million Americans were likely accessed in one of the largest data breaches in the United States.

U.S. seeks to jail Shkreli, citing 'pattern of threats'

NEW YORK (Reuters) - U.S. prosecutors on Thursday asked a judge to jail Martin Shkreli while he awaits sentencing for securities fraud, after a Facebook post by the former drug company executive about Hillary Clinton prompted an investigation by the U.S. Secret Service.

Oil steady as Irma heads for Florida, Saudi Arabia cuts supply

LONDON (Reuters) - Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean.

Inflation targets still proving elusive

LONDON (Reuters) - Bank of England rate setters won't shock markets with any policy moves when they meet next week as a struggling economy and Brexit fears offset any concerns over inflation sailing well above target.

Uber to stop using diesel cars in London by end 2019

LONDON (Reuters) - Uber [UBER.UL] will cease using diesel cars in London by the end of 2019 and the vast majority of rides will be in electric or hybrid vehicles by then, the taxi app said on Friday.

FBI probing if Uber used software to interfere with rivals: WSJ

(Reuters) - The Federal Bureau of Investigation is probing to see if Uber Technologies Inc [UBER.UL] had used software to illegally interfere with its competitors, the Wall Street Journal reported on Friday.

Kraft Heinz names 3G Capital partner David Knopf as CFO

(Reuters) - Heinz ketchup maker Kraft Heinz Co said on Friday 3G Capital partner David Knopf would replace Paulo Basilio as its chief financial officer, starting in October.