Reuters - Daily Investor Update

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Monday, February 12, 2018

Wall Street gains for second straight day after selloff

NEW YORK (Reuters) - Wall Street's three major indexes rebounded on Monday with broad-based gains across sectors as investors appeared to regain confidence after U.S. equities' biggest weekly drop in two years.

Volkswagen Chairman sees no reason to question CEO position

LINZ, Austria (Reuters) - Volkswagen Chairman Hans Dieter Poetsch said on Monday there is no reason to question the position of the carmaker's top executive.

New York sues Weinstein Co., Harvey Weinstein over sexual misconduct

NEW YORK (Reuters) - New York's attorney general sued the Weinstein Company and Harvey Weinstein on Sunday alleging years of sexual harassment and misconduct by the movie producer, in a move that could jeopardize talks on a potential sale of the studio.

World shares rebound after worst week in two years

NEW YORK (Reuters) - World shares rallied on Monday in a broad advance that brushed aside fresh rises in global bond yields the fear of rising inflation drove up as investors shifted asset allocations and tried to put last week's worst rout in two years past them.

Ford expands 'Do Not Drive' warning to 33,000 more pickup trucks

WASHINGTON (Reuters) - Ford Motor Co on Monday warned an additional 33,000 owners of older pickup trucks in North America to stop driving them until potentially defective Takata Corp air bag inflators can be repaired.

Deutsche Bank, trader settle U.S. SEC charges over bond prices

(Reuters) - Deutsche Bank AG will pay nearly $4.5 million to settle U.S. Securities and Exchange Commission civil charges that it failed to police traders and salespeople who lied to customers about bond prices, the regulator said on Monday.

Amazon cutting hundreds of Seattle jobs in its consumer business: source

(Reuters) - Amazon.com Inc is cutting hundreds of jobs in its consumer business in Seattle, a person familiar with the matter said on Monday, as the company shifts resources into fast-growing areas like its work on voice assistant Alexa.

British banks Lloyds and RBS set ethnic targets for top roles

LONDON (Reuters) - Britain's two biggest banks have set targets for ethnic minority representation in top roles after criticism of some of the country's largest companies for being opaque about diversity.

Unilever threatens to cut back online ads over 'toxic' content

LONDON/FRANKFURT (Reuters) - Unilever , one of the world's biggest spenders on advertising, has threatened to pull ads from digital platforms such as Facebook and Google if they "create division" in society or fail to protect children.

Murdoch pledges independent Sky News to smooth path for Fox deal

LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox pledged to keep Sky News independent and continue funding the loss-making channel for five years, in an attempt to overcome regulatory concerns over its $15.7 billion takeover of pay-TV firm Sky.