Reuters Daily Investor Update: August 31, 2015

Click to View in Browser Monday, August 31, 2015 Apple partners with Cisco to boost enterprise business (Reuters) - Apple Inc on Monday teamed up with network gear maker Cisco Systems Inc to improve the performance of its iPad and iPhone devices on Cisco's corporate network. Wall St. ends down; S&P 500 has worst month since 2012 NEW YORK (Reuters) - Wall Street ended lower on Monday after a senior Federal Reserve official added to fears among investors of a U.S. interest hike in September. Fiat Chrysler offers $100 debit cards to owners of recalled U.S. vehicles DETROIT (Reuters) - Fiat Chrysler Automobiles is offering $100 prepaid debit cards to owners of recalled vehicles to help ensure cars and trucks with potential safety defects get repaired, the company said on Monday. Oil up 8 percent on lower U.S. output, OPEC talk; biggest surge since 1990 NEW YORK (Reuters) - Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of U.S. crude production data and OPEC's readiness to talk with other producers helped extend the biggest price surge in 25 years. Nerves on edge as Chinese authorities probe market mayhem BEIJING/LONDON (Reuters) - The head of hedge fund manager Man Group Plc's China business has been taken into custody to help authorities in a probe into recent market volatility, Bloomberg reported on Monday, while separately a local financial reporter confessed on national TV to having spread false information that caused "panic and disorder". BNY Mellon expects to fix pricing glitch before markets open (Reuters) - BNY Mellon Corp expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said. Stocks fall on China, Fed concerns; oil jumps 8.8 percent NEW YORK (Reuters) - World stock indexes fell on Monday amid persistent investor concerns about slowing growth in China and the prospect of higher U.S. interest rates, while oil prices rallied. China state media announce confessions in stock market investigations SHANGHAI (Reuters) - Chinese state media announced a slew of confessions on Monday following investigations into dramatic stock market fluctuations, including from a reporter who said he had spread false information that had caused "panic and disorder". Internet entrepreneurs back Chinese Tesla rival NextEV FRANKFURT/DETROIT (Reuters) - A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent  and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors Inc . Venture capital cash surfers may see waves recede in market turmoil SAN FRANCISCO (Reuters) - The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already be worth more than their likely valuations once they finally go public. Related Video International central bankers want U.S. rate hike Breakingviews: Tech's 40 pct rule Related News Exclusive: Citi aims to boost equities franchise amid industry shakeout BNY Mellon says catching up providing missing fund prices Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook