Reuters - Daily Investor Update

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Tuesday, November 14, 2017

Buffalo Wild Wings shares soar on report of takeover bid

(Reuters) - Buffalo Wild Wings' shares rose nearly 26 percent in early trading on Tuesday, a day after a report said the company received a $2.3-billion takeover bid from private-equity firm Roark Capital Group.

Wal-Mart partners with Lord & Taylor to expand online fashion presence

(This version of the Nov 13 story corrects to say that Wal-Mart is the largest clothing retailer in the United States, not the world, in 7th paragraph)

Wall Street off as energy stocks track crude lower; GE tumbles

NEW YORK (Reuters) - U.S. stock indexes fell on Tuesday as General Electric shares plunged for the second straight day and a drop in crude oil prices hit energy stocks.

IBM urges lawmakers to 'narrow' bill targeting Chinese investment

WASHINGTON (Reuters) - International Business Machines Corp has urged lawmakers to use a different strategy than toughening foreign investment rules because of U.S. concerns about Chinese military actions and intellectual property theft, according to a letter seen by Reuters on Tuesday.

Fashion retailer Forever 21 reports payment card security breach

(Reuters) - Fashion retailer Forever 21 said on Tuesday there had been unauthorized access to data from payment cards used at certain of its stores.

Snap's biggest investors raise stakes in third quarter

NEW YORK (Reuters) - Fidelity Investments and technology-focused hedge fund Coatue Management LLC boosted their stakes in social media company Snap Inc during the third quarter, despite Snap's disappointing results, regulatory filings showed on Tuesday.

Venezuela says debt refinancing under way, S&P calls selective default

CARACAS/NEW YORK (Reuters) - Venezuela's cash-strapped government insisted it had successfully begun efforts to refinance some $60 billion in bonds, though creditors disagreed following fruitless talks and a ratings firm declared the nation in selective default.

Venezuela making interest payments on foreign debt: minister

CARACAS (Reuters) - Venezuela has started making interest payments on its foreign debt, Communication Minister Jorge Rodriguez said on Tuesday, amid delays in transfers of funds for sovereign and state oil company PDVSA bonds.

Global stocks, oil prices decline; German growth lifts euro

NEW YORK (Reuters) - World stocks were down for the fourth day in a row on Tuesday, while strong economic growth in Germany boosted the euro to an almost three-week high.

Sessions refuses to say if White House asked about AT&T-Time Warner merger

WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions on Tuesday declined to answer when asked if any White House officials contacted the Justice Department to discuss the government's review of AT&T Inc's proposed $85.4 billion acquisition of Time Warner Inc .