Reuters - Daily Investor Update

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Tuesday, November 7, 2017

Snap reports lower-than-expected daily active users in third-quarter

(Reuters) - Snapchat-owner Snap Inc on Tuesday reported lower-than-expected daily active users for the third quarter, amid stiff competition from Facebook Inc's photo-sharing application Instagram.

S&P 500 dips as Priceline, financials weigh

NEW YORK (Reuters) - The S&P 500 dipped on Tuesday after a disappointing profit forecast from Priceline and a drop in financials, as investors also fretted that a Republican plan to cut corporate taxes could be watered down.

U.S. senators press Allergan for details on patent deal with tribe

(Reuters) - A group of U.S. senators on Tuesday asked drugmaker Allergan Plc to produce documents relating to its agreement to transfer patents to a Native American tribe to shield them from review by an administrative court.

Sky says it could shut Sky News if Fox takeover blocked

LONDON (Reuters) - British broadcaster Sky has said that it could shut down Sky News if its ownership of the channel proves to be an obstruction to the company's 11.7 billion-pound ($15.4 billion) takeover by Rupert Murdoch’s Twenty-First Century Fox .

Bridgewater paid off employee after relationship with top executive: WSJ

(Reuters) - Bridgewater Associates paid a settlement to a woman who was fired after having a consensual relationship with top executive Greg Jensen, The Wall Street Journal reported on Tuesday.

World stocks index dips after breaking record, oil near 2-1/2-year high

NEW YORK (Reuters) - A global rally in stocks paused on Tuesday, halting a nine-day advance that had sent the most widely tracked index of world stock markets to record highs.

Billionaire investor Ackman loses bitter ADP proxy battle

ROSELAND, N.J. (Reuters) - William Ackman got what Automatic Data Processing Inc's chief executive called an "ass-whipping" on Tuesday as the activist hedge fund manager lost an acrimonious fight to win seats on the payroll company's board.

Alphabet's Waymo to launch robotaxis with no human in driver's seat

SAN FRANCISCO (Reuters) - Alphabet Inc's Waymo will launch a ride-hailing service with no human behind the steering wheel and has been testing the fully self-driving cars on public roads in Arizona, Chief Executive John Krafcik said on Tuesday.

EU's Vestager seeking details on Apple's recent tax set-up

LISBON (Reuters) - European Union regulators have asked iPhone maker Apple for details of its recent tax structure following last year's order to pay back taxes of up to 13 billion euros ($15 billion) to Ireland, Europe's anti-trust chief said on Tuesday.

U.S. department stores tap brakes on stocking for holiday season

CHICAGO (Reuters) - This holiday season, retailers are making a list, checking it twice, and then ordering less for U.S. shoppers.