Reuters - Daily Investor Update

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Thursday, October 19, 2017

Paypal third-quarter profit rises 17.6 percent

(Reuters) - Payment processor PayPal Holdings Inc reported a 17.6 percent rise in quarterly profit, helped by higher ecommerce spending.

Billions in tax breaks offered to Amazon for second headquarters

(Reuters) - A public contest ending Thursday to bid over housing Amazon.com Inc's second headquarters has drawn pitches from governors and a prime minister, marketing campaigns and offers of tax credits worth at least as much as $7 billion.

Facebook to launch news subscription feature, some big names opt out

(Reuters) - Facebook Inc said on Thursday it has signed up 10 news publishers including the Washington Post and The Economist to take part in a trial that gives its mobile app users access to a limited number of articles a month and then the option to subscribe via the publishers' own websites.

U.S. auto reliability dented by new technology; electric cars fare better: report

DETROIT (Reuters) - New technology to stream music into dashboards or boost fuel efficiency is making cars less reliable, although electric cars such as the Tesla Model 3 and the Chevrolet Bolt should fare better than many conventional models, Consumer Reports magazine said on Thursday.

Wall Street pauses after record highs; tech a drag

NEW YORK (Reuters) - U.S. stocks were flat on Thursday, pausing after their recent run of record highs, as technology shares dragged and some earnings disappointed.

Microsoft expands rural U.S. campaign with Green Bay Packers tie-up

SAN FRANCISCO (Reuters) - Microsoft Corp has teamed up with the National Football League's Green Bay Packers in a $10 million partnership intended to spur tech innovation in Wisconsin, the software company said on Thursday.

Stocks dip but off session lows, U.S. Treasury yields fall

NEW YORK (Reuters) - World stock markets slipped from a record high on Thursday after a flurry of tepid corporate earnings reports but were off session lows as Wall Street pared losses, while demand for safe-haven assets pushed U.S. Treasury yields lower.

Target CEO says small-format stores twice as productive as traditional

NEW YORK (Reuters) - Sales per square foot at Target Corp's 44 small-format stores are "easily double" that at traditional stores, Target Chief Executive Brian Cornell said on Thursday, after the retailer announced 11 new small-format stores opening this week.

GM to settle state ignition claims for $120 million

WASHINGTON (Reuters) - General Motors Co on Thursday agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general said.

U.S. jobless claims hit 44-1/2-year low; mid-Atlantic factories humming

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44-1/2 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.