* ILA strike is first such action by the union since 1977 * Strike could cost the economy an estimated $5 billion a day * Strike disputes include pay, terminal automation project issues * White House officials hope for short strike, sources say By Doyinsola Oladipo and David Shepardson NEW YORK, Oct 1 (Reuters) - U.S. East Coast and Gulf...

(Reuters) -Nike withdrew its annual revenue forecast on Tuesday, just as a new CEO is set to take the helm at the sportswear giant that is staring at a holiday season likely to be filled with discounts and weak traffic on its website and mobile apps. The news sent Nike's shares tumbling 6% in after-market trading. They had seesawed earlier...

* StandardAero ( SARO ) prices IPO above range at $24/shr * Company and investors sell 60 million shares to raise $1.44 bln * IPO values StandardAero ( SARO ) at about $8 billion * Shares to start trading on NYSE on Wednesday (Changes sourcing to the company) By Echo Wang NEW YORK, Oct 1 (Reuters) - StandardAero ( SARO...

NEW YORK (Reuters) -U.S. East Coast and Gulf Coast dockworkers began their first large-scale strike in nearly 50 years on Tuesday, halting the flow of about half the country's ocean shipping, after negotiations for a new labor contract broke down over wages. The strike blocks everything from food to automobile shipments across dozens of ports from Maine to Texas, a...