Global stocks, dollar and yields slip on North Korea jitters; gold up
NEW YORK (Reuters) – Global equity prices slipped and investors flocked to safe-haven assets on Tuesday after North Korea fired a missile over northern Japan, fueling fresh tension between Washington and Pyongyang.
U.S. delays final duties on Canadian lumber to buy time for settlement
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross on Monday announced a 2-1/2 month delay in determining final anti-dumping and anti-subsidy duties on Canadian softwood lumber to buy more time to negotiate a settlement of the trade dispute.
CSX tackling service issues, CEO tells rail regulator
DETROIT (Reuters) – CSX Corp said it is dealing with service issues even as it forges ahead with a controversial overhaul of its network that has led dozens of trade groups to call for an investigation into disruptions at the No. 3 U.S. railroad.
U.S. home improvement retailer, oil refiner shares climb after Harvey
NEW YORK (Reuters) – Shares of U.S. home improvement retailers and oil refiners climbed on Monday as flooding from Tropical Storm Harvey in Houston, Texas, was likely to worsen in the fourth-largest U.S. city.
Whole Foods slashes prices on some produce, also selling Amazon’s Echo
LOS ANGELES/CHICAGO (Reuters) – On its first day as part of Amazon.com , organic grocery chain Whole Foods Market Inc slashed prices on popular items like avocados and apples on Monday by a third as it bid to shake off its “Whole Paycheck” reputation …
Expedia’s Khosrowshahi poised to take Uber CEO job: memo
SAN FRANCISCO (Reuters) – Expedia Inc Chief Executive Dara Khosrowshahi is poised to accept Uber Technologies Inc’s [UBER.UL] offer to become its new CEO, according to an internal memo sent to Expedia staff, putting him in charge of turning around the …
Fitbit takes aim at Apple with new smartwatch launch
(Reuters) – Wearable device maker Fitbit Inc on Monday launched its newest device, the Ionic smartwatch, with features ranging from fitness tracking to contactless payment, as it gears up to compete with rivals such as Apple Inc .
U.S. goods trade deficit widens in July; retail inventories fall
WASHINGTON (Reuters) – The U.S. goods trade deficit increased in July as exports fell, suggesting that trade would make a modest contribution to economic growth in the third quarter.
Audi announces reshuffle of management board
FRANKFURT (Reuters) – Volkswagen’s premium carmaker Audi announced its biggest management reshuffle in years on Monday as it seeks a fresh start in the aftermath of the diesel emissions scandal.
Wall Street closes little changed as Harvey pummels Texas
NEW YORK (Reuters) – The S&P 500 and Dow ended little changed on Monday, with energy and bank shares lower as Tropical Storm Harvey crippled the U.S. energy hub in Texas, while tech and healthcare gave a light boost to the Nasdaq.
