Daily Investor Update: Wall Street pushes winning streak to six days

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Friday, February 16, 2018

Wall Street pushes winning streak to six days

NEW YORK (Reuters) - Wall Street squeezed out a gain on Friday to end higher for a sixth straight session, although it lost earlier ground after a U.S. grand jury indicted several Russians for interfering in the 2016 presidential election.

Tesla delays, tax credit concerns spur sales of Chevy Bolts

SAN FRANCISCO (Reuters) - Some potential buyers of Tesla's long-delayed Model 3 sedan are concerned that they will miss out on big federal tax breaks and are looking for alternatives, including General Motors Co's Chevrolet Bolt, according to postings by would-be Tesla buyers on websites and interviews with GM dealers.

Qualcomm says open to more deal talks with Broadcom following meeting

(Reuters) - Qualcomm Inc on Friday called a meeting with Broadcom Ltd to discuss the latter's $121 billion bid constructive and opened the door to more talks, but continued to reject the proposed deal between the semiconductor companies.

Global stocks set for best week in six years, dollar climbs

NEW YORK (Reuters) - The dollar edged higher and global stocks rose on Friday, on track for their best week in six years on strong corporate earnings, but a U.S. indictment over alleged Russian meddling in the 2016 presidential election cooled gains on Wall Street.

GE faces shareholder lawsuit over insurance shortfall, SEC probe

NEW YORK (Reuters) - General Electric Co was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, saying it cost shareholders tens of billions of dollars.

Airbus concerned about German coalition's tougher stance on arm sales

MUNICH (Reuters) - The head of Airbus's defense unit criticized Germany on Friday for not spending more on defense and said the new coalition agreement's call for a tougher approach to arms exports could prompt the weapons maker to re-examine its business plans.

Airbus sees initial details of Franco-German fighter in second half 2018

MUNICH (Reuters) - Initial details of a planned Franco-German program to develop a next-generation fighter jet should emerge in the second half of 2018, the head of Airbus's defense unit told Reuters on Friday.

U.S. tractor maker Deere upgrades 2018 outlook on improving equipment demand

(Reuters) - U.S. farm equipment maker Deere & Co on Friday boosted its sales outlook for fiscal 2018, citing strengthening conditions in agricultural and construction markets, sending its shares higher.

Kraft Heinz sees hit from rising competition, supply constraints

(Reuters) - Tater Tots-maker Kraft Heinz Co's muted quarterly results echoed those of rival Campbell Soup Co as more Americans opted for healthier meals, a trend that has pressured shares of processed food makers for several quarters now.

Uber plans to sell Southeast Asia business to Grab: CNBC

(Reuters) - Uber Technologies [UBER.UL] is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter.

Daily Investor Update: Wall Street pushes winning streak to six days

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