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From: Reuters <newsletters@email.reuters.com>
Date: 2016-03-02 15:03 GMT+01:00
Subject: Reuters Business Today: March 2, 2016
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WEDNESDAY, MARCH 2, 2016

Wall Street set to open lower as U.S. crude slips

(Reuters) - Wall Street was set to open lower on Wednesday, as oil prices fell after data showed U.S. crude stockpiles touched record highs.

U.S. private sector adds 214,000 jobs in February: ADP

NEW YORK (Reuters) - U.S. private employers added 214,000 jobs in February, above economists' expectations, a report by a payrolls processor showed on Wednesday.

Apple lawyer, FBI director face off in Congress on iPhone encryption

WASHINGTON (Reuters) - FBI Director James Comey told a congressional panel on Tuesday that a final court ruling forcing Apple Inc to give the FBI data from an iPhone used by one of the San Bernardino shooters would be “potentially precedential” in other cases where the agency might request similar cooperation from technology companies.

Former Chesapeake CEO McClendon charged with bid-rigging of land leases

ATLANTA/WASHINGTON (Reuters) - Aubrey McClendon, former chief executive officer of Chesapeake Energy Corp and a legend in the U.S. energy industry, was charged on Tuesday with conspiring to rig bids to buy oil and natural gas leases in Oklahoma, the Justice Department said.

Abercrombie & Fitch posts surprise rise in same-store sales

(Reuters) - Teen apparel retailer Abercrombie & Fitch Co posted a surprise rise in sales in the holiday-shopping quarter, snapping a streak of more than three years of declines, due to strong demand for its Hollister branded clothing.

Moody's cuts China outlook on eve of NPC, cites reform, fiscal risks

SHANGHAI (Reuters) - Moody's downgraded its outlook on Chinese government debt to "negative" from "stable" on Wednesday, citing uncertainty over authorities' capacity to implement economic reforms, rising government debt and falling reserves.

Deutsche Bank to play to its corporate strengths: CEO

FRANKFURT (Reuters) - Deutsche Bank Chief Executive John Cryan on Wednesday staked out the bank's intention to fortify its role as a top corporate and global transaction bank, rebutting criticism that Germany's biggest lender lacked strategic direction.

Toyota shakes up corporate structure to focus on product lines

TOKYO (Reuters) - Toyota Motor Corp announced an overhaul of its corporate structure on Wednesday as the world's biggest-selling carmaker seeks to streamline decision-making and improve the way it manages its production as output hits record highs.

VW's Bentley considers higher 2017 output of Bentayga SUV

GENEVA (Reuters) - Volkswagen luxury division Bentley is considering an increase in production of its Bentayga sport-utility vehicle (SUV), the world's most expensive SUV, Chief Executive Wolfgang Duerheimer said.

Standard Life fund arm raises governance concerns at VW, Shell

LONDON (Reuters) - The investment arm of British insurer Standard Life said on Wednesday it would step up its engagement with management at Volkswagen and Royal Dutch Shell over certain concerns it has regarding corporate governance.