Reuters - Daily Investor Update

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Tuesday, January 9, 2018

Uber reaches $3 million settlement with New York drivers over fees

(Reuters) - Uber Technologies Inc [UBER.UL] agreed to pay up to $3 million to settle a proposed class-action lawsuit brought on behalf of 2,421 drivers in New York who accused the ride-sharing company of docking excessive fees from their fares.

Toyota expands U.S. Takata air bag recall to 600,000 extra vehicles

WASHINGTON (Reuters) - Toyota Motor Corp said on Tuesday it was expanding its safety recall involving Takata Corp front passenger air bag inflators to cover about 601,300 additional vehicles in the United States. [http://toyota.us/2CV24Wl]

Wall Street rally rolls on amid earnings optimism

NEW YORK (Reuters) - Wall Street's major indexes extended the New Year rally to close at record levels on Tuesday on investor optimism ahead of quarterly earnings reports and hopes for easing tensions with North Korea.

U.S. lawsuit says Wal-Mart deceived buyers of organic eggs

CHICAGO (Reuters) - Wal-Mart Stores Inc misled U.S. shoppers by selling organic eggs laid by hens raised in enclosed structures under package labels that said the birds had access to the outdoors, a federal lawsuit alleged on Monday.

U.S. pharma executives expect deals to pick up after tax overhaul

SAN FRANCISCO (Reuters) - The Trump administration's tax overhaul should accelerate major acquisitions by drugmakers in 2018 after a slow year for deals in 2017, according to senior executives from some of the largest pharmaceutical manufacturers.

Tesla says solar roof production has started in Buffalo

(Reuters) - Tesla Inc said on Tuesday it began manufacturing its premium solar roof tiles at the company's Buffalo, New York factory last month and has started surveying the homes of customers who made a deposit of $1,000 to reserve the product last year.

Microsoft says security patches slowing down PCs, servers

(Reuters) - Microsoft Corp said on Tuesday the patches released to guard against Meltdown and Spectre security threats slowed down some personal computers and servers, with systems running on older Intel Corp processors seeing a noticeable decrease in performance.

GSK CEO says looking at Pfizer consumer business, but not a priority

(Reuters) - GlaxoSmithKline's new chief executive said on Tuesday that the British drugmaker would have a look at Pfizer Inc's consumer products business, but would not overpay for the asset.

Eastman Kodak unveils cryptocurrency, stock doubles

SAN FRANCISCO (Reuters) - Shares of Eastman Kodak Co more than doubled on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon.

Target lifts profit forecast after holiday sales jump

(Reuters) - Target Corp raised its quarterly profit and sales forecasts on Tuesday on the back of surging online sales and customer visits in November and December, putting the U.S. retailer on track for the best quarter in five years.