Reuters - Daily Investor Update

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Friday, October 6, 2017

Drug chains tumble on reports Amazon eyeing their pie

(Reuters) - Shares of drug retailers Walgreens Boots Alliance Inc, CVS Health Corp and Rite Aid Corp tumbled on Friday after reports that Amazon.com Inc was looking to make a move into selling drugs online.

US dollar, debt yields fall on N. Korea missile test report

NEW YORK (Reuters) - The U.S. dollar tumbled and debt yields pared sharp gains on Friday on a report that North Korea is preparing to test a long-range missile, reversing earlier jumps after U.S. jobs data for September raised the likelihood of an interest rate hike in December.

Ryanair chief operating officer to resign in wake of rostering mess-up

DUBLIN (Reuters) - Ryanair chief operations officer Michael Hickey will resign from the end of the month, the under-fire airline said on Friday, becoming the first executive to leave since a rostering mess-up led to the cancellation of thousands of flights.

Downplaying job losses, Fed officials eye December rate hike

AUSTIN, Texas/NEW YORK (Reuters) - Chocking up employment losses last month to the temporary hit of a severe hurricane season and reiterating expectations that inflation will strengthen, Federal Reserve policymakers on Friday signaled they continue to see gradual U.S. interest-rate hikes ahead.

U.S. backs 300 percent in duties on Bombardier after Boeing complaint

WASHINGTON (Reuters) - The U.S. Commerce Department on Friday notched up proposed trade duties on Bombardier Inc CSeries jets to nearly 300 percent, affirming Boeing Co's complaint that the Canadian company received illegal subsidies and dumped the planes at "absurdly low" prices.

S&P dips; pharmacy shares slide on Amazon threat

NEW YORK (Reuters) - The S&P 500 dipped on Friday, breaking an eight-day streak of gains, as the first monthly decline in U.S. nonfarm jobs in seven years dampened sentiment while pharmacy shares declined on fear of competition from Amazon.

U.S. Chamber warns against Trump's 'highly dangerous' NAFTA demands

WASHINGTON (Reuters) - The U.S. Chamber of Commerce warned on Friday that the Trump administration was making "highly dangerous demands" in the North American Free Trade Agreement modernization talks that could erode U.S. business support and torpedo the negotiations.

Airbus CEO warns of turbulence as fraud probe fallout widens

PARIS (Reuters) - Airbus Chief Executive Tom Enders has called for the support of the company's 130,000 staff and warned of "turbulent and confusing times" amid French and UK fraud and corruption investigations that could lead to large corporate penalties.

EU conducts inspections over limits to bank account access

BRUSSELS (Reuters) - The European Commission said on Friday it had conducted inspections in some EU states into banks' alleged anti-competitive practices in limiting rival financial firms from gaining legitimate online access to their customers' data.

About 1,400 Air Berlin staff threatened with dismissal: unions

BERLIN (Reuters) - About 1,400 employees at Air Berlin are threatened by dismissal, union documents showed on Friday, with the insolvent carrier's entire ground staff due to get their notices of termination by the end of October.