Reuters - Daily Investor Update

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Wednesday, February 7, 2018

Airbus says A400M deal with buyers will limit future losses

SINGAPORE/PARIS (Reuters) - Airbus on Wednesday announced possible further writeoffs on its troubled A400M military transport, but said a new agreement with seven NATO buyers about revamping delivery schedules and contract terms would limit its future exposure.

Zynga beats bookings estimate as 'Words With Friends 2', 'CSR Racing 2' deliver

(Reuters) - Zynga Inc, creator of the once popular online game "FarmVille", reported fourth-quarter bookings above analysts' estimate, driven by the success of its mobile games such as "Words With Friends 2" and "CSR Racing 2".

Tesla sticks with Model 3 production target, posts worst ever quarterly loss

(Reuters) - Tesla Inc said on Wednesday it was sticking with Chief Executive Elon Musk's revised production targets for its Model 3, the electric sedan on which the company's future rests, despite posting its worst-ever quarterly loss.

Snap shares surge after app redesign sparks user growth

(Reuters) - Shares of Snapchat owner Snap Inc surged 35 percent on Wednesday after the company reported its first user growth since going public in 2017, sign that a redesign of its messaging app is taking hold in its battle with Facebook's Instagram.

Wynn Resorts shares climb after Maddox moves into CEO slot

(Reuters) - Wynn Resorts Ltd shares jumped 10 percent on Wednesday, as investors approved of the casino operator's decision to give company veteran Matt Maddox the top job, replacing casino mogul Steve Wynn who resigned following sexual misconduct allegations.

Wynn Resorts board sued for failing to investigate chief executive

WILMINGTON, Del. (Reuters) - The board of Wynn Resorts has been sued by shareholders, claiming the board knew for years that Steve Wynn, founder and chief executive of the casino operator, had been accused of sexual misconduct and failed to investigate.

Brazilian antitrust agency approves Bayer-Monsanto tie-up

BRASILIA (Reuters) - Brazilian antitrust agency Cade on Wednesday approved Bayer AG's proposed takeover of U.S. seeds company Monsanto Co without requiring further asset sales beyond a global proposal announced last October.

Casino magnate Steve Wynn quits as CEO after sexual misconduct claims

(Reuters) - U.S. casino mogul Steve Wynn has resigned as CEO of his company Wynn Resorts following claims he subjected women who worked for him to unwanted advances, becoming one of the most prominent business leaders to quit over sexual misconduct allegations in recent months.

S&P cuts Wells Fargo's credit ratings on regulatory risks

(Reuters) - Credit-rating agency Standard & Poor's on Wednesday cut Wells Fargo & Co's credit ratings, days after the U.S. Federal Reserve imposed regulatory restrictions on the bank.

Rabobank agrees to pay $368 million over processing illicit funds

WASHINGTON (Reuters) - Rabobank [RABO.UL] N.A., a California subsidiary of the Dutch cooperative, on Wednesday agreed to forfeit over $368 million and pleaded guilty in U.S. federal court for processing funds likely tied to drug trafficking and other illicit activity and then conspiring to obstruct a regulators' examination of its operations.