Reuters - Daily Investor Update

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Tuesday, April 11, 2017

United shares fall after backlash over dragged passenger

(Reuters) - United Continental Holdings Inc shares fell nearly 4 percent on Tuesday after a worldwide backlash erupted against the carrier over a passenger who was dragged off one of its U.S. flights.

Oil eases from 5-week high, U.S. output rise undermines rally

BOSTON (Reuters) - Crude oil edged back from a five-week high on Tuesday as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states.

Trump promises again to revamp Wall Street reform rules

WASHINGTON (Reuters) - President Donald Trump told a group of chief executives on Tuesday that his administration was reducing regulations and revamping the Wall Street reform law known as Dodd-Frank, which might be eliminated and replaced with "something else."

Exclusive: OPEC figures show oil output cuts exceed pledge in March - sources

DUBAI/LONDON (Reuters) - OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production cut in eight years.

Toshiba files results unapproved by auditor; warns of 'going concern' risk

TOKYO (Reuters) - Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the Japanese conglomerate.

Wall Street extends losses as geopolitical risks mount

(Reuters) - U.S. stocks extended losses on Tuesday, setting up for their worst day in three weeks in a broad decline as mounting geopolitical tensions drove investors to safe-haven assets.

Telecoms, cable group Altice starts IPO process for U.S. arm

NEW YORK/PARIS (Reuters) - Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink Communications, on Tuesday filed for an initial public offering that seeks to raise $1 billon to $2 billion, according to a source familiar with the matter.

Investors play safe around the world as Syria tensions rise

NEW YORK (Reuters) - Nervous investors sought shelter in gold, Treasuries and the yen on Tuesday as tensions between the United States and Russia over Syria took center stage after comments by U.S. Secretary of State Rex Tillerson.

U.S. job openings rise to seven-month high in February

WASHINGTON (Reuters) - U.S. job openings rose to a seven-month high in February while the pace of hiring slipped, pointing to a growing skills mismatch and a further tightening of labor market conditions.

South African tumult hinders Barclays' exit from continent

JOHANNESBURG (Reuters) - Barclays' plan to sell its African business and pull out of the continent are being hindered by South Africa's political upheaval and credit-rating downgrades, according to banking sources and fund managers.