Breaking business news: Dollar recovers on measured U.S. response to North Korea missile test

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Wednesday, August 30, 2017

Dollar recovers on measured U.S. response to North Korea missile test

LONDON (Reuters) - The dollar came off a 2-1/2-year low and world stocks rose on Wednesday after the United States' measured response to North Korea's missile test soothed jittery investors who turned their focus to positive economic data.

Uber officially welcomes as CEO Expedia's Dara Khosrowshahi

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] officially welcomed its new Chief Executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world's biggest ride-services company late on Tuesday.

U.S. stock futures flat as North Korea concerns ease; data in focus

(Reuters) - U.S. stock index futures were little changed on Wednesday as investors' jitters over North Korea's latest missile test eased and focus shifted to a clutch of economic data.

U.S. private sector added most workers in five months in August: ADP

NEW YORK (Reuters) - U.S. private-sector employers hired 237,000 workers in August for the biggest monthly increase in five months, beating economists' expectations, a report by a payrolls processor showed on Wednesday.

Bain brings in Apple for last-minute $18 billion bid for Toshiba chip unit: sources

TOKYO (Reuters) - A consortium led by Bain Capital has made a revised last-ditch offer for Toshiba Corp's chip unit worth about $18 billion, bringing in Apple Inc to help bolster its bid, sources with direct knowledge of the matter said.

Insurers see more demand from banks for cover against cyber attacks, rogue staff

LONDON (Reuters) - Banks are increasingly turning to insurance to protect their capital from "operational risks" like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer of expertise.

Under investor pressure, Goldman to explain trading strategy

NEW YORK (Reuters) - Goldman Sachs Group Inc will detail plans to turn around performance at its core bond-trading unit next month after unusual pressure from large investors frustrated by vague explanations of its troubles, people familiar with the matter told Reuters.

AT&T to expand 5G U.S. broadband trials

NEW YORK (Reuters) - AT&T Inc said on Wednesday that it is expanding its 5G trials to include three new U.S. cities by the end of the year as part of its push to develop a next-generation network.

Fujifilm says aims to spend $4.5 billion on M&A over three years

TOKYO (Reuters) - Fujifilm Holdings Corp said it aimed to spend 500 billion yen ($4.54 billion) in strategic acquisitions over three years as it seeks growth outside its traditional photographic film business, which has been shrinking.

Siemens buys self-driving software specialist Tass

FRANKFURT (Reuters) - German industrial group Siemens has agreed to buy Dutch self-driving software specialist Tass International for an undisclosed sum to strengthen its automotive business, it said on Wednesday.

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