Reuters - Daily Investor Update

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Tuesday, April 25, 2017

3M raises 2017 profit forecast; first-quarter results top estimates

(Reuters) - 3M Co , which makes Scotch tape and Post-it notes, raised its 2017 profit forecast and reported better-than-expected quarterly results, helped by growth across its major businesses.

McDonald's profit beats as turnaround gains steam, shares at record high

(Reuters) - McDonald's Corp reported a better-than-expected rise in quarterly profit and U.S. same-restaurant sales on lower costs, promotions on popular menu items like Big Macs and an expanded all-day breakfast menu.

LVMH's Arnault swoops to take full control of Christian Dior

PARIS (Reuters) - French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro ($13 billion) move to simplify his business interests - a restructuring long demanded by other investors.

Consumer confidence slips; new home sales hit eight-month high

WASHINGTON (Reuters) - U.S. consumer confidence fell from a more than 16-year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter.

Oil dips on doubts over OPEC's ability to reduce inventories

LONDON (Reuters) - Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories put the price on track for its six fall in seven days.

Coca-Cola to cut 1,200 jobs, boosts savings target

(Reuters) - Coca-Cola Co said on Tuesday it would cut about 1,200 jobs as the beverage maker expands its savings target amid falling demand for fizzy drinks globally.

Exclusive: Boeing near decision to launch 737-10 jet - sources

PARIS (Reuters) - Boeing is nearing a decision to launch a larger version of its 737 workhorse jet within two months to counter strong sales of the Airbus A321neo, after a breakthrough on the design for one of its parts, industry sources said.

Trump's push to fund wall may be delayed as government shutdown looms

WASHINGTON (Reuters) - U.S. President Donald Trump indicated an openness on Monday to delaying his push to secure funds for his promised border wall with Mexico, potentially eliminating a sticking point as lawmakers worked to avoid a looming shutdown of the federal government.

DuPont warns of profit miss as farmers plant fewer corn acres

(Reuters) - DuPont indicated on Tuesday that its current-quarter profit would miss analysts' estimates as a shift to more-profitable soybean among U.S. farmers weighs on demand for corn seeds, which make up a bulk of the company's agriculture sales.

Nasdaq breaches 6,000 mark for first time ever

(Reuters) - The Nasdaq breached the 6,000 mark for the first time ever on Tuesday, spurred by a raft of strong corporate earnings and President Donald Trump's promise of a major tax reform plan.