Reuters - Daily Investor Update

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Wednesday, August 9, 2017

Twenty-First Century Fox revenue misses, profit tops estimates

(Reuters) - Rupert Murdoch-controlled Twenty-First Century Fox Inc's quarterly profit edged past analysts' estimates, but revenue fell just short of expectations, hurt by the lack of box office hits from its movie studio.

Altice weighing takeover offer for Charter: sources

(Reuters) - Netherlands-based telecom conglomerate Altice NV and its U.S. cable unit are in the early stages of working on an offer to buy Charter Communications Inc , sources told Reuters on Wednesday, in a move that would build more scale in the United States.

Amazon sued by transgender woman, husband for workplace harassment

(Reuters) - A transgender woman and her husband sued Amazon.com Inc on Wednesday, accusing the company of subjecting them to severe harassment and physical threats when they both worked at the retailer's warehouse in Kentucky.

Wall Street ends off lows as traders buy North Korea dip

NEW YORK (Reuters) - U.S. stocks closed barely down on Wednesday as investors appeared to turn their focus away from North Korea-related geopolitical tension that weighed on equities for most of the session.

Exclusive: Tesla developing self-driving tech for semi-truck, wants to test in Nevada

SAN FRANCISCO (Reuters) - Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and the Nevada Department of Motor Vehicles (DMV), seen by Reuters.

Investors seek safety as North Korea tension escalates; stocks off, gold up

NEW YORK (Reuters) - U.S. President Donald Trump's warning to North Korea and Pyongyang's threat of possible armed retaliation drove investors out of stocks and other risky assets on Wednesday and into textbook safe-havens like gold and Treasuries.

GE saves money by delaying Boston HQ tower construction

(Reuters) - General Electric Co said it is delaying construction of the largest part of its new $200 million headquarters in Boston to save money as new Chief Executive John Flannery looks to curtail costs.

In tough retail landscape, Payless emerges as rare bankruptcy survivor

CHICAGO (Reuters) - Payless ShoeSource is set to emerge from bankruptcy as soon as Wednesday, one of the largest retail chains to do so, and is banking on a strategy focused primarily on bricks-and-mortar sales at a time when e-commerce is casting an ever-growing footprint on retail sales.

Oil inches higher after data points to declining U.S. inventories

NEW YORK (Reuters) - Oil prices were about 1 percent higher on Wednesday after a report showed U.S. refineries processed record amounts of crude in the latest week, eating into inventories, although a surprise jump in gasoline stockpiles limited price gains.

Scant oversight, corporate secrecy preceded U.S. weed killer crisis

NEW YORK (Reuters) - As the U.S. growing season entered its peak this summer, farmers began posting startling pictures on social media: fields of beans, peach orchards and vegetable gardens withering away.