Reuters - Daily Investor Update

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Monday, November 13, 2017

Bombardier in talks with EgyptAir for $1.1 billion CSeries deal: Bloomberg

(Reuters) - Canadian plane-and-train-maker Bombardier Inc is in advanced talks with EgyptAir over a potential $1.1 billion order for CSeries jets, Bloomberg reported, citing people familiar with the matter.

Wall Street ticks up as dividend payers rise, GE slashes payout

NEW YORK (Reuters) - U.S. stock indexes rose on Monday as a sharp drop in General Electric shares was more than offset by gains in high dividend-paying sectors including consumer staples and utilities.

GE to shrink, investors worry it will be less profitable

(Reuters) - General Electric Co will radically shrink to focus on aviation, power and healthcare, betting on sectors where it thinks it can make a profit, as the largest U.S. industrial group tries to end more than 15 years of share price stagnation.

AT&T, Verizon strike tower agreement in effort to diversify vendors

NEW YORK (Reuters) - AT&T Inc and Verizon Communications Inc said on Monday they have agreed to lease hundreds of new cell towers from owner and operator Tillman Infrastructure, a move they hope will give them more leverage in negotiations with major U.S. tower vendors.

U.S. tax policy doubt stunts stocks, sterling falls

NEW YORK (Reuters) - World stock markets were down on Monday amid uncertainty over the fate of U.S. tax reform efforts, while Britain's pound fell on growing concerns about the future of Prime Minister Theresa May.

AB InBev replaces North America chief to stem sales slide

LONDON/BRUSSELS (Reuters) - The world's biggest brewer, Anheuser-Busch InBev , is replacing its North American chief to stem a years-long sales decline in its largest market.

Google faces antitrust investigation in Missouri

SAN FRANCISCO (Reuters) - Missouri's attorney general said Monday his office would investigate whether Alphabet Inc's Google violated the state's consumer protection and antitrust laws.

Tyson shares top one-year high as low feed costs boost margins

(Reuters) - Tyson Foods Inc shares climbed to their highest level in more than a year on Monday as the No. 1 U.S. meat processor said low prices for livestock feed will help boost results again next year.

Qualcomm rejects Broadcom's $103-billion takeover bid

(Reuters) - Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd's $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles.

Pfizer creates chief operating officer role for Bourla

NEW YORK (Reuters) - Drugmaker Pfizer Inc has promoted Albert Bourla to the newly created post of chief operating officer, freeing up Chief Executive Officer Ian Read to focus more on long-term strategy and engaging with government and industry leaders.