General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday. The UAW on Monday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering about 48,000 hourly workers had hit an impasse.
- Walmart Inc likely discriminated against 178 female workers by paying them less, denying them promotions or both, because of their gender, the U.S. Equal Employment Opportunity Commission said in memos seen by Reuters.
Gold prices were little changed on Wednesday as investors maintained a cautious stance ahead of the conclusion of U.S. Federal Reserve's two-day meeting, where policymakers are expected to cut interest rates. FUNDAMENTALS. * Spot gold was steady at $1,501.91 per ounce, as of 0100 GMT. * U.S. gold futures were down 0.3% at $1,508.8 per ounce.
San Jose, the 10th most populous U.S. city and political center of Silicon Valley, adopted new rules on Tuesday aimed at phasing out the use of natural gas in buildings.
Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities although caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges. U.S. Treasury yields slipped ahead of an expected interest rate cut by the Federal Reserve at its two-day policy meeting on Wednesday.
* Oil steps back as Saudi says has restored supply. * Geopolitical tensions still support oil. * Investors expect Fed to cut rates 0.25% point on Wed. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. By Hideyuki Sano.
An industry group representing Florida banks pushed for an exemption to U.S. sanctions on Venezuela that were issued last week, executives said on Tuesday, arguing the measures had affected customers with no ties to President Nicolas Maduro.
Invitation Homes Inc (INVH): * INVITATION HOMES PRICES SECONDARY OFFERING. * INVITATION HOMES (INVH) - PRICES SECONDARY OFFERING OF 44 MILLION SHARES OF COMMON STOCK BY CERTAIN SELLING STOCKHOLDERS AFFILIATED WITH BLACKSTONE AT $28.25 /SHARE Source text for Eikon: Further company coverage:
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * Dollar holds onto gains versus yen. * Saudi Arabia taps reserves to ease oil supply shocks. * Fed money market operation unsettles futures pricing. * Sterling grinds higher but sentiment still weak. By Stanley White.
* August exports -8.2% yr/yr vs forecast -10.9% * August imports -12.0% yr/yr, resulting in trade deficit. * Exports to all major regions down. * Trade war, global slowdown seen as risks for economy. By Daniel Leussink.
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