Reuters - Daily Investor Update

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Tuesday, September 26, 2017

Nike's quarterly profit drops 24 percent

(Reuters) - Nike Inc reported a 23.9 percent drop in quarterly profit as the world's largest footwear maker discounted heavily and spent more to expand its direct-to-consumer business.

JPMorgan scores partial win in $1.5 billion GM bankruptcy dispute

WILMINGTON, Del (Reuters) - JPMorgan Chase & Co scored a partial victory on Tuesday in a long-running dispute over the repayment of a $1.5 billion loan it made to General Motors' bankrupt predecessor, known as 'Old GM'.

U.S. homes in on labor, investment as top officials join talks

OTTAWA (Reuters) - Top officials from Canada, the United States and Mexico join negotiations on modernizing NAFTA in Ottawa on Tuesday where the U.S. is expected to present draft text on issues such as labor, investment and intellectual property.

U.S. NAFTA proposal ensures enforceable provisions on labor: USTR

OTTAWA (Reuters) - The United States on Tuesday presented a draft NAFTA proposal on labor as negotiators from Canada, the United States and Mexico joined the talks in Ottawa.

Wall St. ends flat after Yellen; tech shares bounce

NEW YORK (Reuters) - The S&P 500 ended flat on Tuesday and the Nasdaq posted modest gains as technology shares bounced from sharp losses in the prior session and comments from Fed Chair Janet Yellen boosted expectations of a December rate hike.

Siemens, Alstom join forces to create European rail champion

FRANKFURT/PARIS (Reuters) - German industrial group Siemens and French rival Alstom agreed on Tuesday to merge their rail operations, creating a European champion to better withstand the international advance of Chinese state-owned CRRC .

Bombardier shares leap 14 percent ahead of U.S. trade court ruling

TORONTO (Reuters) - Shares of Bombardier Inc rose as much as 13.6 percent on Tuesday ahead of a U.S. trade court's preliminary ruling on Boeing Co's CSeries aircraft dumping complaint.

Disney tests new store design as shoppers go online

LOS ANGELES (Reuters) - Walt Disney Co is testing the first major redesign of its retail stores in seven years, adding interactive experiences and live streams of theme park parades to lure consumers tempted by online shopping.

Fed's Yellen says gradual hikes should continue, despite weak inflation

CLEVELAND (Reuters) - The Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation, Fed Chair Janet Yellen said on Tuesday in remarks that acknowledged the central bank's struggles to forecast one of its key policy objectives.

Fed's Brainard: Labor market disparities reducing U.S. economy's potential

WASHINGTON (Reuters) - The uneven distribution of employment in the U.S. economy is curbing the nation's long-run potential growth, Federal Reserve Governor Lael Brainard said on Tuesday, as she urged the central bank to undertake more research to help diminish inequality.