Reuters - Daily Investor Update

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Monday, July 3, 2017

Broadcom wins U.S. antitrust consent to buy Brocade with conditions: FTC

WASHINGTON (Reuters) - Chipmaker Broadcom Limited has won U.S. antitrust approval to buy Brocade Communications Systems with conditions, the Federal Trade Commission said on Monday.

Exclusive: Mexico's Pemex sees October selection of refinery coking plant partner - sources

MEXICO CITY (Reuters) - Mexican state oil company Pemex plans to choose a partner at the end of October to finish the development and operate a $2 billion coking plant at its Tula refinery, government and Pemex sources told Reuters.

Oil up 1.5 percent as U.S. crude output slows

NEW YORK (Reuters) - Oil rose about 1.5 percent on Monday, resuming its longest stretch of daily gains in more than five years after data pointed to moderating U.S. output, though analysts said news of rising OPEC production could cap gains.

U.S. factory activity jumps to near three-year high, construction spending flat

WASHINGTON (Reuters) - U.S. factory activity rose sharply in June to its highest level in almost three years suggesting economic growth in the second quarter gained some steam, while construction spending held steady in May.

Dow hits record as energy, bank stocks gain

(Reuters) - The Dow Jones Industrial Average hit a record high in late morning trading on Monday as energy and bank stocks gained, but a fall in tech stocks dragged down the Nasdaq.

Bullish market sign? Dow transports set new record high

NEW YORK (Reuters) - U.S. market watchers on Monday received a bullish sign to kick off the second half of the year as the closely followed Dow transports set an all-time intraday record high for the first time since March 1.

Global stocks start quarter with gains, dollar rises

NEW YORK (Reuters) - U.S. and European shares kicked off the new quarter with gains on Monday as talk of interest rate increases boosted bank stocks, while the dollar edged up from nine-month lows as U.S. Treasury yields hit their highest since mid-May.

GE closes Baker Hughes deal, becomes No. 2 oilfield service provider

HOUSTON (Reuters) - General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world's second-largest oilfield service provider by revenue.

Facebook beats privacy lawsuit in U.S. over user tracking

(Reuters) - A U.S. judge has dismissed nationwide litigation accusing Facebook Inc of tracking users' internet activity even after they logged out of the social media website.

Tesla's Musk says Model 3 on track, shares rise

(Reuters) - Tesla Inc's shares rose 1.5 percent on Monday after Chief Executive Elon Musk said late on Sunday that the electric carmaker was set to start production of its new Model 3 sedan this month and was on track to produce 20,000 per month by December, in line with its previous targets.