Breaking business news: Hurricanes Harvey, Irma lift U.S. factory activity index to 13-year high

Click to View in Browser Monday, October 2, 2017 Hurricanes Harvey, Irma lift U.S. factory activity index to 13-year high WASHINGTON (Reuters) - A measure of U.S. manufacturing activity surged to a near 13-1/2-year high in September as disruptions to the supply chains caused by Hurricanes Harvey and Irma resulted in factories taking longer to deliver goods and boosted raw material prices. Wall Street starts quarter higher; data signals strength NEW YORK (Reuters) - U.S. stocks started the fourth quarter on a strong note on Monday, with all three major indexes hitting record high closes as data pointed to underlying strength in the economy. Fed's rate hikes causing low inflation, Kashkari says (Reuters) - The Federal Reserve's own actions, not transitory factors, are responsible for weak inflation, a Fed policymaker argued on Monday, and the U.S. central bank should wait to raise rates again until inflation hits its 2-percent goal. BlackBerry's patent strategy head exits, joins health tech firm -sources TORONTO (Reuters) - The man who was leading BlackBerry Ltd's efforts to make money from its patent portfolio has left to join a health technology company, two sources with knowledge of the move said on Monday. Uber board seats two directors named by Kalanick: sources SAN FRANCISCO (Reuters) - Uber Technologies Inc's [UBER.UL] board added two new directors nominated by co-founder Travis Kalanick, two sources familiar with the matter said on Monday, giving the former chief executive new allies as the board considers measures that would decrease his influence. Trump says wants to reduce U.S. trade deficit with Thailand WASHINGTON (Reuters) - President Donald Trump wants to reduce the U.S. trade deficit with Thailand, he told the country's prime minister on Monday in a meeting that marked another sign of warming ties between Washington and Bangkok. Roku slumps 11 percent, on track for first down day SAN FRANCISCO (Reuters) - Roku's stock tumbled 11 percent on Monday and was on track for its first loss since the music streaming company's public listing last week, even after it unveiled a lineup of new devices. Takata says $1.6 billion KSS deal to be signed in within two weeks WILMINGTON, Del. (Reuters) - Key Safety Systems has agreed to terms on the $1.6 billion purchase of assets of Takata Corp , stricken by a recall of its faulty vehicle air bags, and final documents will be signed in less than two weeks, a lawyer for Takata's U.S. unit said on Monday. Tesco's ex-chairman to give evidence in trial of former executives LONDON (Reuters) - Former Tesco chairman Richard Broadbent will be a witness in the trial of three former executives accused of fraud and false accounting at Britain's biggest retailer, a court heard on Monday. Wells Fargo says rehires workers wrongly fired in accounts scandal WASHINGTON (Reuters) - Tim Sloan, the chief executive officer of Wells Fargo & Co , apologized for a phony accounts scandal and said the bank has hired back more than 1,000 workers wrongly fired or who left due to the wrongdoing, according to prepared Congressional testimony. Related Video Workers feel the impact of Trump's bid to slash federal rules Google relaxes its ad rules 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