Reuters - Daily Investor Update

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Thursday, August 17, 2017

Applied Materials beats profit estimates, shares rise

(Reuters) - Applied Materials Inc , the world's largest supplier of tools used to make semiconductors, reported a better-than-expected quarterly profit helped by strong growth in its semiconductor business.

Gap same-store sales tops estimates, ups profit forecast; shares jump

(Reuters) - Clothing retailer Gap Inc reported better-than-expected same-store sales for the second quarter, helped by strong demand for Old Navy products, fewer discounts, and the company's efforts to better manage inventory.

YouTube TV expands to 14 new markets, partners with Sinclair stations

(Reuters) - Alphabet Inc's Google has expanded its YouTube TV streaming service into 14 new U.S. markets to reach half of American households, with an additional 17 markets to launch in the next few weeks, the company said on Thursday.

Airline investor Woehrl interested in Air Berlin

FRANKFURT (Reuters) - Airline entrepreneur Hans Rudolf Woehrl is interested in insolvent Air Berlin , a spokeswoman for his company INTRO-Verwaltungs GmbH told Reuters, responding to a media report saying he was planning a bid.

S&P 500 posts biggest daily drop in three months

NEW YORK (Reuters) - U.S. stocks sold off on Thursday, pushing the S&P 500 to its lowest in a month, as escalating worries about the Trump administration's ability to push through its agenda rattled investors.

Chevron says to enter Mexican fuel market in local partnership

MEXICO CITY (Reuters) - U.S. energy company Chevron Corporation said on Thursday it is set to enter Mexico's recently opened fuel sector, by importing, distributing and selling refined products in partnership with a local gas station network it did not name.

Mylan, U.S. finalize $465 million EpiPen settlement

BOSTON (Reuters) - Mylan NV has finalized a $465 million settlement resolving U.S. Justice Department claims it overcharged the government for its EpiPen emergency allergy treatment, which became the center of a firestorm over price increases.

Ackman's Pershing Square says ADP needs to streamline, modernize

BOSTON/NEW YORK (Reuters) - Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc's stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades.

Stocks, U.S. yields fall on worries over U.S. policy

NEW YORK (Reuters) - World equity markets and U.S. bond yields fell while gold rose on Thursday as investors favored safe-haven investments amid skepticism U.S. President Donald Trump, roiled in controversy, would achieve his economic agenda.

Wisconsin debates billions in incentives for Foxconn plant

(Reuters) - The Wisconsin State Assembly on Thursday opened debate on a $3 billion incentive package for a proposed liquid-crystal display plant by Taiwan's Foxconn, a deal that caused a stir when it was announced by President Donald Trump last month.