Reuters - Daily Investor Update

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Tuesday, August 15, 2017

Wells Fargo announces board changes, names new chair

(Reuters) - Wells Fargo & Co on Tuesday announced multiple changes in its board of directors, including a new chair, adding a new independent director and changing the composition of board committees.

Wall Street ends flat as Home Depot drags

NEW YORK (Reuters) - U.S. stocks ended little changed on Tuesday as declines in Home Depot and other retailers following results offset upbeat U.S. retail sales data.

Air Berlin files for insolvency after Etihad withdraws support

BERLIN (Reuters) - Air Berlin , Germany's second-largest airline, filed for bankruptcy protection on Tuesday after key shareholder Etihad Airways withdrew funding following years of losses, leaving valuable runway slots up for grabs.

Americans' debt level notches a new record high

NEW YORK (Reuters) - Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped.

JBS seeks U.S. unit IPO as Brazil presses for CEO's ouster

SAO PAULO (Reuters) - JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world's No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal.

Amazon adds 'Instant Pickup' in U.S. brick-and-mortar push

BERKELEY, Calif (Reuters) - Amazon.com Inc is rolling out U.S. pickup points where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes in its latest move into brick-and-mortar retail.

U.S. dollar, yields climb on data, North Korea lull

NEW YORK (Reuters) - The U.S. dollar and U.S. Treasury yields climbed on Tuesday while stock indexes on Wall Street were little changed after solid U.S. retail data and as North Korea delayed a plan to fire missiles at Guam.

Three CEOs resign from Trump council over Charlottesville

(Reuters) - The chief executives of Intel Corp, Merck & Co Inc and Under Armour Inc resigned from U.S. President Donald Trump's American Manufacturing Council on Monday, following Trump's initially tepid response to weekend violence at a rally of white supremacists in Charlottesville, Virginia.

Blackstone ends talks for NSO Group stake that prompted protest: sources

(Reuters) - Blackstone Group has pulled out of discussions to buy part of Israeli mobile surveillance software maker NSO Group, according to people familiar with the talks that had been criticized by digital privacy activists.

Looming housing slowdown clouds Home Depot's strong results

(Reuters) - Home Depot Inc raised its full-year forecasts but concerns over a looming slowdown in the U.S. housing market due to supply constraints weighed on the retailer's stock.