Reuters - Daily Investor Update

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Friday, February 9, 2018

Wall Street ends whipsaw week on upbeat note

(Reuters) - Wall Street's main stock indexes climbed more than 1 percent on Friday, giving investors some solace after a week of huge swings that shook the market out of months of calm.

Instant View: U.S. stocks end week of wild swings

(Reuters) - U.S. stocks posted sharp gains on Friday, giving investors some solace after a week of huge swings that shook the market out of months of calm.

Amazon tests delivery in Los Angeles, shipping shares sink

(Reuters) - Amazon.com Inc is testing a program to ship its sellers' goods, sending shares in FedEx and UPS tumbling even though analysts and the companies played down any near-term threat to the two global delivery businesses.

Issue identified with Pratt & Whitney GTF engines for Airbus's A320neo

(Reuters) - An issue has been identified on some recently delivered Pratt & Whitney GTF engines for European planemaker Airbus's A320neo aircraft, the two companies said on Friday

Guess forms committee to oversee investigation against co-founder

(Reuters) - Fashion retailer Guess Inc on Friday said its board had formed a special committee to oversee an ongoing investigation into allegations of improper conduct by co-founder Paul Marciano.

Oil skids to biggest weekly loss in two years amid market turmoil

NEW YORK (Reuters) - Oil prices slid more than 3 percent on Friday as U.S. futures fell below $60 a barrel for the first time since December on renewed concerns about rising crude supplies.

Waymo accepts $245 million and Uber's 'regret' to settle self-driving car dispute

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc's Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber's new chief executive to move past one of the company's most bruising public controversies.

Uber rejected $500 million settlement with Waymo earlier this week

SAN FRANCISCO (Reuters) - Alphabet Inc's Waymo early this week proposed a settlement deal with Uber Technologies Inc [UBER.UL] in which Uber would pay $500 million in equity to resolve a high-stakes trade-secrets case, but Uber directors rejected the offer in a board meeting on Tuesday, according to two sources close to the discussions.

Exclusive: Amazon eyes new warehouse in Brazil e-commerce push - sources

SAO PAULO (Reuters) - Amazon.com Inc is looking to lease a 50,000-square-meter warehouse just outside Sao Paulo, people familiar with the matter told Reuters, as it steps up its push into Latin America's biggest retail market, Brazil.

U.S. equities attempt rebound after losses in Europe, Asia

NEW YORK (Reuters) - U.S. equity indexes vacillated between gains and losses in another volatile trading session after European and Asian bourses registered steep declines.