Daily Investor Update: Wall St. retreats from record as industrials, tech lag

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Monday, October 23, 2017

Wall St. retreats from record as industrials, tech lag

NEW YORK (Reuters) - U.S. stocks declined on Monday as each of the major Wall Street indexes retreated from a record, weighed down by a drop in technology and industrial shares.

Iphone X demand will be substantial, but not exceptional: survey

(Reuters) - Days before Apple Inc's much-awaited iPhone X opens for preorders, a survey by brokerage Bernstein showed that demand for the device will be substantial, but not exceptional, with about a quarter of the respondents planning to buy the phone.

Fiat Chrysler sues shippers over alleged price fixing

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV has lodged a complaint with a U.S. regulator seeking "reparations" from a group of shipping companies from Asia, Europe and South America that admitted to fixing prices for shipping vehicles, according to documents made public on Monday.

Cisco buys BroadSoft for $1.71 bln in software push

(Reuters) - Cisco Systems Inc will buy software company BroadSoft Inc for $1.71 billion, it said on Monday, in a deal that boosts Cisco's collaboration tools and helps the company diversify its offerings away from switching and routing.

Wall Street pares gains after GE tumbles, Treasury prices rise

NEW YORK (Reuters) - U.S. stocks on Monday pared gains in late-afternoon trading after losses in General Electric weighed on Wall Street indexes, while U.S. Treasury prices rose in light volume.

U.S. regulators approve fix for 38,000 VW 3.0-liter diesel SUVs

WASHINGTON (Reuters) - U.S. and California regulators have approved a fix for about 38,000 Volkswagen AG 3.0-liter vehicles with potential excess emissions, a decision that could save the automaker more than $1 billion, according to a letter made public on Monday.

U.S. jury finds ex-HSBC executive guilty of fraud in $3.5 billion currency trade

NEW YORK (Reuters) - A U.S. jury on Monday found a former HSBC Holdings Plc executive guilty of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011.

Tensions ease over Pratt engine supplies to Airbus: sources

PARIS (Reuters) - Airbus is more confident in the ability of Pratt & Whitney to speed up delayed engine shipments, two people familiar with the matter said on Monday, in a sign that supply-chain gridlock affecting European aircraft deliveries may soon reach its peak.

Halliburton warns of slower growth as U.S. rig count drops

(Reuters) - Oilfield services giant Halliburton Co on Monday warned of slower growth at its oil well drilling and evaluation business, reflecting a steady drop in rig counts in the United States.

Apple, Samsung face new iPhone damages trial: U.S. judge

(Reuters) - A U.S. judge has ordered a new trial to determine how much Samsung Electronics Co should pay Apple Inc for copying the look of the iPhone.

Daily Investor Update: Wall St. retreats from record as industrials, tech lag

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