Tuesday 27 March 2018

Daily Investor Update: Wall Street falters, dragged down by tech

Wall Street falters, dragged down by tech

(Reuters) - Wall Street gave up gains on Tuesday with technology stocks pulling the S&P 500 and the Nasdaq into negative territory.

Exclusive: OPEC, Russia consider 10- to 20-year oil alliance - Saudi Crown Prince

NEW YORK (Reuters) - Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years.

U.S., European stocks diverge as volatility reigns

NEW YORK (Reuters) - U.S. stock indexes were at session lows in the last hour of trading on Tuesday as faltering technology shares threatened to reverse a global stock rally that had swept through Asia and Europe.

U.S. opens probe into fatal Tesla crash, fire in California

(Reuters) - The U.S. National Transportation Safety Board is opening a field investigation of a fatal Tesla Inc crash and major vehicle fire near Mountain View, California, last week, the agency said on Tuesday.

BMW faces U.S. lawsuit claiming emissions cheating

FRANKFURT (Reuters) - German carmaker BMW faces a U.S. lawsuit filed on Tuesday that alleges emissions cheating on diesel vehicles including its X5 and 330d models.

Akzo Nobel reshapes business with 10 billion euro sale

AMSTERDAM (Reuters) - Akzo Nobel will sell its chemicals business in a 10.1 billion euro ($12.6 billion) deal to buyers led by Carlyle Group, the maker of Dulux paints said on Tuesday, making good on a promise made as it fought off a takeover last year.

Facebook's Zuckerberg to testify before Congress: source

NEW YORK (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg plans to testify before U.S. Congress, a source briefed on the matter said on Tuesday, as he bows to pressure from lawmakers insisting he explain how 50 million users' data ended up in the hands of a political consultancy.

Google defeats lawsuit claiming YouTube censors conservatives

(Reuters) - Google has won the dismissal of a lawsuit in California accusing YouTube of censoring conservative content.

Apple bid for education market: new software, same iPad price

CHICAGO/SAN FRANCISCO (Reuters) - Apple Inc on Tuesday rolled out a new iPad and classroom software aimed at grabbing more of the U.S. education market, but did not cut the price of its entry-level tablet despite schools flocking to laptops costing a third less.

Nestle, other food groups likely suitors for GSK's Horlicks: sources

LONDON/NEW YORK (Reuters) - Food giants Nestle , Kraft Heinz and Unilever are expected to bid for GlaxoSmithKline's Horlicks health nutrition business, which could fetch more than $4 billion, according to people familiar with the matter.

NuTonomy resumes autonomous vehicle testing in Boston -CEO

NEW YORK, March 27 (Reuters) - Self-driving startup nuTonomy, owned by Aptiv Plc, said on Tuesday it had resumed testing on public roads in Boston after a brief pause sought by the city.

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