Reuters - Daily Investor Update

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Wednesday, November 15, 2017

Bombardier plans hiring spree for business jet program: sources

MONTREAL (Reuters) - Bombardier Inc expects to hire around 1,000 workers in Montreal over 18 months, as the Canadian plane and train maker ramps up production of its new Global 7000 business jet, three sources familiar with the matter said on Wednesday.

Wall Street falls with energy; tech weighs

NEW YORK (Reuters) - U.S. stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude oil prices, while tech, the best performing sector this year, weighed the most on the S&P 500.

Oil weighs on stocks; data puts focus on rate hikes

NEW YORK (Reuters) - Stocks around the world were set for their longest losing streak in eight months on Wednesday as weaker oil prices weighed and the dollar came back from session lows after U.S. data boosted expectations of further Federal Reserve interest rate hikes.

U.S. government approaches 18 states to fight AT&T-Time Warner deal

WASHINGTON (Reuters) - The U.S. Justice Department has approached 18 state attorneys general to try to win their support for an antitrust lawsuit to block pay TV and wireless powerhouse AT&T Inc's $85.4 billion deal to buy media and entertainment company Time Warner Inc, a person briefed on the matter said on Wednesday.

Oil prices fall for fourth day after U.S. crude stocks rise

NEW YORK (Reuters) - Oil prices fell for a fourth session on Wednesday after the U.S. government reported an unexpected increase in crude and gasoline stockpiles, but an increase in refining runs and a drawdown in distillates helped prices bounce off session lows.

Target signals another weak holiday quarter, shares tumble

(Reuters) - Target Corp's holiday-quarter profit forecast fell short of analyst expectations, sending its shares down 10 percent on Wednesday as hopes faded that the retailer would make a shopping season comeback.

U.S. delivery companies dig deep to hire holiday season help

SEATTLE (Reuters) - The tightest U.S. labor market this century is putting pressure on margins for freight haulers and warehouse operators as they bid for hundreds of thousands of workers to move packages during the peak holiday period.

Lockheed's CH-53K helicopter to make global debut at Berlin air show: sources

BERLIN (Reuters) - The U.S. military has approved Lockheed Martin Corp's new CH-53K heavy-lift helicopter to fly at the Berlin air show next April, according to two sources familiar with the program.

GM challenges Tesla with promise of profitable electric cars

(Reuters) - General Motors Co plans to launch a new family of electric vehicles in 2021 that will cost less to build and make a profit for the U.S. No. 1 automaker, Chief Executive Mary Barra told investors on Wednesday.

Fox shareholders reject proposal to abandon dual-class shares

(Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure was rejected on Wednesday, based on preliminary results announced at the media company's annual meeting.