Reuters - Daily Investor Update

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Tuesday, August 8, 2017

U.S. to review Qualcomm's complaints about Apple iPhone patents

WASHINGTON/SAN FRANCISCO (Reuters) - U.S. trade officials have agreed to investigate Qualcomm Inc's allegations that Apple Inc infringed on patents with its iPhone7 and other devices, the U.S. International Trade Commission said on Tuesday.

HBO says probe of hack is ongoing

(Reuters) - HBO, the Time Warner Inc cable network that broadcasts "Game of Thrones," confirmed on Tuesday that it was investigating a hack that it disclosed to employees 10 days ago.

Fired Google memo writer draws jeers, cheers and a job offer

SAN FRANCISCO/NEW YORK (Reuters) - The male Google engineer fired for circulating a memo decrying the company's diversity hiring program became the center of a heated debate on sexism, drawing scorn, cheers and even a job offer on Tuesday from WikiLeaks publisher Julian Assange.

Disney posts profit drop, to take bigger stake in streaming firm BAMTech

(Reuters) - Walt Disney Co reported a near 9 percent fall in quarterly profit, pulled down by higher programming costs and declining subscribers at its flagship sports channel ESPN.

Wall Street falls after Trump warning to North Korea

NEW YORK (Reuters) - U.S. stocks fell on Tuesday in a late afternoon selling spree following U.S. President Donald Trump's warning he will counter North Korea with "fire and fury" if the country endangers the United States.

Nissan agrees to $98 million settlement on Takata economic loss claims

WASHINGTON (Reuters) - Nissan Motor Co on Tuesday agreed to a $97.68 million settlement to resolve class-action consumer economic loss claims in the United States tied to the recall of 4.4 million vehicles with Takata air bag inflators, court records show.

SoftBank invests $1 billion in sports e-commerce firm Fanatics: sources

SAN FRANCISCO (Reuters) - SoftBank Group Corp is investing $1 billion in Fanatics Inc as a part of a funding round that values the sports e-commerce company at $4.5 billion, according to sources familiar with the matter.

U.S. oil prices slip as some OPEC producers export more

NEW YORK (Reuters) - Oil prices slipped on Tuesday, pulling back from recent gains as exports from key OPEC producers rose and despite news of lower crude shipments from Saudi Arabia.

Dish Network, trade groups and others oppose Sinclair Tribune deal

WASHINGTON (Reuters) - Dish Network Corp has joined forces with conservative media, trade and liberal advocacy groups in urging U.S. authorities to reject Sinclair Broadcast Group's proposed $3.9 billion acquisition of Tribune Media.

Marriott set to woo Chinese tourists with Alibaba deal

(In the fourth paragraph, corrects to show that Alibaba will run Marriott's Chinese-language websites and apps, not that it will run Marriott's websites and apps)