Reuters - Daily Investor Update

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Wednesday, January 10, 2018

Domino's retiring CEO says not going to Chipotle

(Reuters) - Domino's Pizza Co Chief Executive J. Patrick Doyle, who is stepping down at the end of June, on Wednesday dismissed speculation that he might move to Chipotle Mexican Grill Inc to turn around business at the casual restaurant chain.

Buffett succession gains clarity as Berkshire promotes Abel, Jain

(Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the front runners to succeed Warren Buffett atop the conglomerate.

Toyota, Mazda announce $1.6 billion plant for Huntsville, Alabama

MONTGOMERY, Ala. (Reuters) - Toyota Motor Corp and Mazda Motor Corp announced Wednesday they will build a $1.6 billion joint assembly plant in Alabama that will employ up to 4,000 workers, a boost for President Donald Trump who wants automakers to expand U.S. production.

Concerns about China, NAFTA halt Wall St. rally

NEW YORK (Reuters) - Wall Street's major stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key U.S. trade agreement.

U.S. crude inventory fall buoys oil, worries about rally persist

NEW YORK (Reuters) - Crude oil prices jumped on Wednesday and settled near three-year highs after U.S. government data showed a drop in crude inventories and production, even as fuel inventories rose.

Analysis: China's U.S. bond rebalancing would hold few fears for Fed

NEW YORK (Reuters) - Federal Reserve policymakers reacted coolly to a report on Wednesday that China could curb its massive U.S. debt purchases, pointing out that such rebalancing by countries can be healthy and would not likely disrupt the U.S. central bank's plan to trim its own bond portfolio.

Canada takes U.S. to WTO, U.S. says case helps China

GENEVA (Reuters) - Canada has launched a wide-ranging trade complaint against the United States, the World Trade Organization said on Wednesday, in a dispute that Washington said would damage Canada's own interests and play into China's hands.

Senator wants Apple to answer questions on slowing iPhones

WASHINGTON (Reuters) - The chairman of a U.S. Senate committee overseeing business issues asked Apple Inc to answer questions about its disclosure that it slowed older iPhones with flagging batteries, according to a letter seen by Reuters on Wednesday.

Nestle to pick U.S. chocolate business buyer by end of week: sources

MILAN/LONDON/NEW YORK (Reuters) - Food giant Nestle plans to pick a buyer for its U.S. chocolate business by the end of this week, three sources close to the matter said on Wednesday, in a deal expected to top $2.5 billion.

Kohl's plans to lease unused store space to grocers, convenience stores

(Reuters) - Kohl's Corp plans to lease space left vacant after shrinking some of its stores to retailers such as grocery stores or convenience stores, the company said on Wednesday.