Reuters - Daily Investor Update

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Friday, February 2, 2018

Dell says it will explore IPO or merger with VMware

(Reuters) - Computer maker Dell Technologies Inc said on Friday it was considering a public offering of common stock or a combination with business software maker VMware Inc , its publicly held subsidiary.

Strong iPhone prices, cash plans buoy Apple shares after muted outlook

Stronger iPhone prices and hints by Apple Inc on Thursday that it could return more than half of its $285 billion in cash to shareholders eased concerns among investors, even as the world's biggest technology company gave a disappointing revenue outlook for the current quarter.

Apple stock loses some sheen on disappointing iPhone sales

(Reuters) - Apple Inc's hint of returning a ton of cash to shareholders was not enough to move investors who worried more about the iPhone maker's weak outlook amid reports of production cuts for its flagship iPhone X.

'Hey Mercedes' - Daimler takes on Silicon Valley with hi-tech A-Class

AMSTERDAM (Reuters) - Daimler's new Mercedes A-Class, unveiled on Friday, includes the German automaker's own machine-learning and voice recognition technology in one of the industry's boldest attempts so far to take on Silicon Valley's finest.

Rising rates slam Wall St.; Dow sees biggest drop since 2016

NEW YORK (Reuters) - All three major U.S. stock indexes tumbled Friday with the Dow seeing its worst percentage drop since June 2016 as climbing bond yields prompted a selloff in equities.

Analyst View: U.S. stocks extend rout as bond yields churn higher

(Reuters) - Wall Street extended losses on Friday after a round of weak earnings and on the back of robust payrolls data that sent the 10-year Treasury bond yield to its highest level in four years, vexing all three major U.S. stock indexes.

Boeing proposes Embraer tie-up excluding defense unit: source

BRASILIA (Reuters) - Boeing Co has sought the Brazilian government's approval of a partnership with planemaker Embraer SA that would create a new company focused on commercial aviation, a person familiar with the matter said on Friday.

Amazon posts largest profit in its history on sales, tax boost

(Reuters) - Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line.

Amazon stock market value on verge of eclipsing Microsoft

(Reuters) - Amazon.com Inc's shares surged on Friday, pushing its stock market value above $700 billion and threatening to eclipse Microsoft Corp, a day after the online retailing behemoth reported blockbuster results.

Exxon, Chevron shares plunge after weak results spook Street

HOUSTON (Reuters) - Exxon Mobil Corp and Chevron Corp posted rare quarterly earnings misses on Friday as cost cuts and rising oil prices failed to offset weakness in international refining operations, sending shares of both companies plunging.