Daily Investor Update: Staples names Coca-Cola veteran Douglas as new CEO

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Friday, January 26, 2018

Staples names Coca-Cola veteran Douglas as new CEO

(Reuters) - U.S. office supplies chain Staples Inc, which was taken private by Sycamore Partners last year, named Coca-Cola Co veteran J. Alexander Douglas as its chief executive on Friday.

Intel, healthcare shares boost lift Wall St. to record

NEW YORK (Reuters) - The latest round of strong earnings reports, including from Intel and AbbVie, along with continued weakness in the dollar lifted each of the major Wall Street indexes to closing records on Friday.

U.S. trade body backs Canada's Bombardier over Boeing in tariff spat

WASHINGTON/MONTREAL (Reuters) - Bombardier Inc shares jumped 15 percent on Friday after the Canadian plane maker won an unexpected trade victory against Boeing Co which means it can sell its newest jets to U.S. customers without heavy tariffs.

British PM May welcomes Bombardier's trade victory over Boeing

LONDON (Reuters) - British Prime Minister Theresa May on Friday welcomed Bombardier's unexpected trade victory against U.S. planemaker Boeing Co as good news for British industry.

U.S. stocks, VIX dance in tandem in break with history

NEW YORK (Reuters) - A rising U.S. stock market normally reduces fear among investors, but the blistering pace of the current rally has instead also driven up the anxiety factor in the market.

Embraer supports Brazil's request for WTO probe of Bombardier

RIO DE JANEIRO (Reuters) - Brazilian planemaker Embraer said on Friday it supports Brazil's request that the World Trade Organization examine "billions of dollars of subsidies" for Canadian rival Bombardier Inc and its CSeries aircraft.

Robust imports slow U.S. economic growth in fourth quarter

WASHINGTON (Reuters) - U.S. economic growth unexpectedly slowed in the fourth quarter as the strongest pace of consumer spending in three years resulted in a surge in imports.

Shell buying spree cranks up race for clean energy

LONDON (Reuters) - Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint.

Exclusive: U.S. gunmaker Remington turns to debt restructuring advisors - sources

(Reuters) - Remington Outdoor Company Inc, one of the largest U.S. makers of firearms, is working with investment bank Lazard Ltd on options to restructure its $950 million debt pile, people familiar with the matter said on Friday.

Wynn Resorts CEO calls sexual misconduct accusations 'preposterous'

(Reuters) - Wynn Resorts Ltd Chief Executive Steve Wynn said on Friday that accusations of sexual misconduct made against him that were reported by the Wall Street Journal were "preposterous."

Daily Investor Update: Staples names Coca-Cola veteran Douglas as new CEO

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