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09/13/2017 | 07:20 am

FINANCIAL TIMES NORDSTROM SHARES JUMP ON DEAL CLOSING REPORTS Nordstrom shares jumped in afterhours trading yesterday, after a report that its founding family was nearing a deal with a private equity firm that would allow them to take the publicly traded department-store chain private. CNBC reported Nordstrom was leaning towards a partnership with private equity firm Leonard Green.

BRAZIL COURT AUTHORISES NEW TEMER PROBE Corruption cases continue to pile up in Brazil after a Supreme Court justice yesterday allowed prosecutors to investigate the country's president, Michel Temer, in an alleged graft case related to a decree on port concessions. Judge Luiz Barroso based his findings on a wiretapped conversation of a former aide of Temer. Temer has denied wrongdoing.

THE TIMES HOUSE PRICES SLOW IN LONDON House prices in London are growing at the slowest pace of any region in the UK for the first time in 12 years, according to official figures. Prices in the UK capital rose by 2.8 per cent in the year to July to reach an average price of £489,000, the Office for National Statistics said.

UNIONS MARCH AGAINST MACRON LABOUR REFORMS Tens of thousands of people marched through Paris and other French cities yesterday in the opening round of an attempt by left-wing unions to block the economic reforms of President Emmanuel Macron.

THE DAILY TELEGRAPH BILL GATES SAYS POSTBREXIT BRITAIN CAN EXCEL Britain can retain its place as a worldleading science and technology hub after Brexit, Bill Gates has said, provided the country continues to attract talent and invest in research and development. The Microsoft founder said Britain's scientific excellence can continue if care is taken.

FORMER ITV HEAD CROZIER SET TO JOIN VUE AS CHAIR Cinema chain Vue International is gearing up to name Adam Crozier, the former chief executive of ITV, as its new chairman. The appointment, which Sky News reported in July, could be announced as early as today.

THE WALL STREET JOURNAL TESLA AUTOPILOT SHARES BLAME IN FATAL CRASH The US National Transportation Safety Board said yesterday that Tesla's Autopilot feature contributed to a fatal crash last year, faulting the firm's semiautonomous technology, which allowed a driver to go long periods without his hands on the wheel and ignore the firm's warnings.

AMERICAN AIRLINES CUTS THIRD QUARTER FORECAST American Airlines said flights cancelled to Hurricane Irma will weigh on its earnings in the third quarter. The firm said yesterday its unit revenue will expand up to one per cent, compared with earlier calls of 2.5 per cent.

(c) 2017 City A.M., source Newspaper

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