Reuters Daily Investor Update: August 30, 2017

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Wednesday, August 30, 2017

Delaware judge hands ex-Uber CEO a victory in lawsuit by Benchmark

GEORGETOWN, Del./SAN FRANCISCO (Reuters) - A Delaware judge on Wednesday stayed a lawsuit brought by Uber Technologies Inc [UBER.UL] investor Benchmark Capital against ousted Chief Executive Officer Travis Kalanick, handing the embattled executive a victory.

Wall Street rises, boosted by strong economy

NEW YORK (Reuters) - U.S. stocks rose on Wednesday after stronger-than-expected U.S. economic growth outweighed concerns about escalating tensions between the United States and North Korea and the aftermath of Hurricane Harvey.

New Uber CEO promises change, sees IPO in 18-36 months

SAN FRANCISCO (Reuters) - Uber Technologies Inc's [UBER.UL] new Chief Executive Dara Khosrowshahi told employees on Wednesday the ride-services company would change its culture and could go public in 18 to 36 months.

China likely to unveil NEV car quotas soon, but delay implementation: sources

BEIJING (Reuters) - China is likely to delay implementing tough new sales quotas for electric plug-in vehicles, giving global automakers more time to prepare, four automaker and industry officials told Reuters.

Bain adds Apple for last-minute $18 billion Toshiba chip unit bid: 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.

U.S. second-quarter GDP growth revised up, fastest in over two years

WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter.

Morgan Stanley trims U.S. third quarter GDP growth view to 2.5 percent

NEW YORK (Reuters) - Morgan Stanley economists said on Wednesday they reduced their growth estimate on U.S. gross domestic product in the third quarter to 2.5 percent from 2.7 percent following the government's upward revision of second-quarter GDP to 3.0 percent.

S&P warns of dire impact on U.S. economy from any shutdown, default

NEW YORK (Reuters) - Standard & Poor's warned on Wednesday of grim consequences for the U.S. economy if the White House and lawmakers fail to reach a deal to keep the government open and avert a default.

American Express targets debt-leery consumers with new card features

NEW YORK (Reuters) - American Express Co is unveiling a new option that could tempt young, budget-conscious consumers into taking on credit card debt.

New Uber CEO says IPO could be in 18 to 36 months: Wall Street Journal

(Reuters) - The new chief executive of Uber Technologies Inc [UBER.UL] told employees the ride-services company could go public in 18 to 36 months, according to a report in the Wall Street Journal.

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