Monday, August 24, 2015

Reuters Daily Investor Update: August 24, 2015

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Monday, August 24, 2015
Oil tumbles up to 6 percent to new lows as China fears intensify rout
NEW YORK (Reuters) - Oil's weeks-long slump accelerated sharply on Monday with prices tumbling as much as 6 percent to fresh 6-1/2-year lows as a renewed dive in the Chinese equities market sent global financial markets into a tailspin.
Wall St. tumbles again as S&P enters correction
NEW YORK (Reuters) - U.S. stocks ended more than 3 percent lower on Monday, their fifth straight drop, in an unusually volatile session that confirmed the S&P 500 was formally in a correction.
China stock plunge smacks global shares, U.S. stocks dive
NEW YORK (Reuters) - World stock markets plunged on Monday after a near-9 percent dive in China shares and a tumble in oil prices, while U.S. stocks were on track to end the day with steep losses even after a striking comeback in a volatile day.
Monsanto sweetens offer for Syngenta, values firm at $47 billion
NEW YORK and CHICAGO (Reuters) - U.S.-based Monsanto Co sweetened its offer to buy Switzerland's Syngenta AG , valuing the company at around $47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday.
Fed's Lockhart sees interest rate hike 'sometime this year'
BERKELEY, Calif. (Reuters) - The Federal Reserve will likely begin raising interest rates this year, but a strengthening dollar and a drop in oil prices make forecasting economic growth difficult, a top U.S. central banker said on Monday.
Target settles with U.S. on charge of race, gender bias in hiring
(Reuters) - Target Corp has agreed to pay $2.8 million to settle a U.S. Equal Employment Opportunity Commission (EEOC) charge that it used hiring tests that disproportionately screened out candidates for various professional positions based on race and gender.
Apple's Cook reassures investors on China, stock boomerangs
(Reuters) - Apple Inc's Chief Executive Tim Cook took an unusual step of reassuring shareholders on Monday in comments to CNBC about the iPhone maker's business in China ahead of a dramatic 13 percent drop and rebound in its stock that put it in positive territory.
U.S. inflation probably lower than reported, Fed study says
SAN FRANCISCO (Reuters) - U.S. inflation in the first half of the year was probably "markedly lower" than reported, but policymakers are unlikely to set interest rates incorrectly as a result, according to an analysis published Monday by the San Francisco Federal Reserve Bank.
Apple to replace some iPhone 6 Plus cameras over blurry photos
(Reuters) - Apple Inc said it would replace a limited number iPhone 6 Plus phone cameras due to faulty back cameras that take blurry photos.
Factbox: U.S. stock circuit breaker levels
NEW YORK (Reuters) - Nasdaq 100 September futures were halted in premarket trading on Monday after falling to 3,992.25, marking a 5 percent drop in overnight hours.
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