Reuters - Daily Investor Update

Click to View in Browser

Wednesday, October 11, 2017

Kroger exploring sale of convenience stores, shares rise

(Reuters) - Kroger Co said on Wednesday it was exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its online businesses in a market share war that has intensified since Amazon.com Inc's purchase of Whole Foods.

Fed divide on inflation intensified at September policy meeting

WASHINGTON (Reuters) - Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes of the U.S. central bank's last policy meeting on Sept. 19-20 released on Wednesday.

Wall Street ends at record highs; eyes on Fed, earnings

NEW YORK (Reuters) - Major U.S. stock indexes edged up to record closing highs on Wednesday with sector moves in the S&P 500 showing preference toward so-called defensive stocks, while Wall Street reacted mutedly to the minutes of the most recent Federal Reserve policy meeting.

Light trading volume seen as black spot in banks' results

(Reuters) - Trading revenue was likely to be a black spot in U.S. banks' third-quarter earnings, as volatility remained low, and investors have little hope the fourth quarter will be much better.

Taiwan fines Qualcomm $774 million for antitrust violations

HONG KONG (Reuters) - Qualcomm Inc faces an antitrust fine in Taiwan, the latest in a years-long streak of regulatory setbacks to its business model that comes as it also fights U.S. regulators and iPhone maker Apple Inc in court over many of the same legal issues.

Leahy to bow out from Airbus at year-end after final sales push

PARIS (Reuters) - John Leahy, who has sold planes worth over a trillion dollars during more than two decades as sales chief at Europe's Airbus, is finally calling it a day at the end of the year after one last push to level the score with Boeing, executives said.

Dassault CEO not yet considering alternative engine suppliers

LAS VEGAS (Reuters) - Dassault Aviation Chief Executive Eric Trappier said he wants to hear how aerospace group Safran SA will tackle engine development issues that have delayed the French planemaker's latest business jet before considering alternative suppliers.

Delta profit beats Wall Street as storms cost less than expected

NEW YORK (Reuters) - Delta Air Lines Inc said on Wednesday its third-quarter profit fell less than expected as disruptions caused by hurricanes cost the airline less than some investors had feared, sending its stock up slightly.

T-Mobile, Sprint deal likely opposed by Justice Dept staff: sources

WASHINGTON (Reuters) - When Sprint and T-Mobile bring their expected merger plans to the U.S. Department of Justice for antitrust review, the career staff who do the bulk of the probe into whether the deal will hurt customers will likely recommend that it be stopped, three people familiar with their thinking told Reuters.

U.S. Treasuries, Wall Street stocks steady after Fed minutes

NEW YORK (Reuters) - U.S. Treasury prices and stocks worldwide were little changed on Wednesday after minutes from the Federal Reserve's September policy meeting were in line with expectations, while the euro was higher after Catalonia held off on moving to independence.