Reuters - Daily Investor Update

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Tuesday, October 10, 2017

Wal-Mart rally pushes Dow to all-time high

(Reuters) - The Dow Jones Industrial Average hit a record high on Tuesday, helped by a surge in Wal-Mart Stores, while Amazon and Facebook lost ground and investors focused on upcoming quarterly reports.

Wall St rises with euro, Catalan fears ease for now

NEW YORK (Reuters) - Stocks around the world rose on Tuesday as Wall Street eked out record highs ahead of earnings season, while U.S. Treasury prices pared gains after Catalonia's leader allowed for talks with Madrid even as he proclaimed independence from Spain.

Verizon media chief departing after not getting top job

WASHINGTON (Reuters) - Verizon Communication Inc media chief Marni Walden confirmed on Tuesday she had decided to leave the telecommunications company next year after it became clear she would not become its next chief executive.

Honeywell seeks M&A as it keeps aero, spins off two units

NEW YORK (Reuters) - Honeywell International Inc said Tuesday it will pare its focus to four business lines, including aerospace, and spin off two businesses with $7.5 billion in revenue to help fund acquisitions.

Airline shares rise on post-hurricane results

NEW YORK (Reuters) - American Airlines and United Airlines reported better than expected September results on Tuesday, despite the impact of three hurricanes, sending their shares and stocks in other U.S. airlines up sharply.

Nasdaq short interest up 0.3 percent in late September

NEW YORK (Reuters) - Short interest on the Nasdaq rose 0.3 percent in the second half of September, the exchange said on Tuesday.

Exclusive: Symantec CEO says source code reviews pose unacceptable risk

WASHINGTON (Reuters) - U.S.-based cyber firm Symantec is no longer allowing governments to review the source code of its software because of fears the agreements would compromise the security of its products, Symantec Chief Executive Greg Clark said in an interview with Reuters.

Some U.S. businesses urge caution in China intellectual property trade push

WASHINGTON (Reuters) - U.S. businesses and trade groups are split over how forcefully to crack down on China over intellectual property theft, with some arguing the country is making progress on its own in enforcing protections and urging the Trump administration to use negotiation instead of punishment.

Business jet sales have not taken off with soaring corporate profits

LAS VEGAS (Reuters) - Two quarters of soaring U.S. corporate profits have not yet produced the "Trump bump" in orders for new business jets that some industry executives had been hoping for, analysts said as a major business aviation gathering opened on Tuesday.

Oil rises 2 percent on signs rebalancing underway

NEW YORK (Reuters) - Oil prices rose about 2 percent on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply.