Reuters - Daily Investor Update

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Thursday, January 25, 2018

Intel results beat estimates on data center growth

(Reuters) - Intel Corp , which is rushing to fix recently disclosed security flaws in its chips, beat expectations for adjusted profit and revenue in the fourth quarter, driven by strong growth in its data center business.

Exclusive: Telecom Italia deputy chairman gives up operational powers - sources

MILAN (Reuters) - The deputy chairman of Telecom Italia (TIM) , Giuseppe Recchi, has given up operational powers, two sources with knowledge of the matter said, the latest sign of turmoil at the group that has changed CEOs twice in the past two years.

Starbucks raises earnings forecast thanks to U.S. corporate tax cut

(Reuters) - Starbucks Corp said on Thursday that new U.S. corporate tax cuts will boost its bottom line this year but that closely watched sales growth in its U.S.-dominated Americas region missed expectations in the first quarter.

Exclusive: Viacom, CBS CEOs have discussed potential merger - sources

(Reuters) - Viacom Inc Chief Executive Bob Bakish and CBS Corp CEO Leslie Moonves have had an exploratory discussion about merging the two companies, sources familiar with the situation told Reuters on Thursday.

U.S. mulls Canada's proposals to unblock NAFTA, talks grind on

MONTREAL (Reuters) - U.S. officials on Thursday probed Canadian proposals for unblocking talks on NAFTA but there were few signs of progress, raising questions about whether any real movement is happening at the latest round of negotiations on the treaty.

Keystone XL pipeline route change is not major issue: TransCanada CEO

(Reuters) - TransCanada Corp does not see a route change for the proposed Keystone XL oil pipeline to Nebraska as a major issue, and the company is confident a key regulatory approval will stand, Chief Executive Russ Girling said on Thursday.

Dow, S&P hit records but Nasdaq loses ground

NEW YORK (Reuters) - The Dow Jones Industrial Average and S&P 500 hit record highs on Thursday although much of Wall Street relinquished earlier gains after President Donald Trump said he wants a strong dollar.

Dollar rises, stocks pare gains after Trump talks up U.S. currency

NEW YORK (Reuters) - The dollar reversed losses and U.S. stocks relinquished gains after U.S. President Donald Trump backed a strong dollar.

Benchmark Capital drops lawsuit against ex-Uber CEO Kalanick

(Reuters) - Silicon Valley venture firm Benchmark Capital's lawsuit against former Uber Technologies Inc [UBER.UL] CEO Travis Kalanick was dismissed on Thursday by a Delaware judge following an agreement between the parties.

President Trump talks up dollar in Davos

DAVOS, Switzerland (Reuters) - U.S. President Donald Trump said on Thursday he ultimately wants the dollar to be strong, lifting the greenback and contradicting comments made by Treasury Secretary Steven Mnuchin one day earlier.