Reuters - Daily Investor Update

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Monday, July 31, 2017

Activist investor threatens proxy war at Hudson's Bay

(Reuters) - Activist shareholder Land and Buildings threatened a proxy war against Canadian retailer Hudson's Bay Co unless the company took drastic steps to better monetize its assets, including a potential sale of its Saks Fifth Avenue brand.

Apple fails to end lawsuit claiming it 'broke' FaceTime

(Reuters) - Apple Inc has failed in its bid to dismiss a lawsuit claiming it disabled the popular FaceTime video conferencing feature on older iPhones to force users to upgrade.

Wall Street opens higher, Dow rises to record high

(Reuters) - U.S. stock indexes opened higher on Monday, with the Dow hitting a record high, as investors remained optimistic on corporate earnings in the second quarter.

Clariant hires Goldman to fend off activist opposed to Huntsman merger

FRANKFURT/ZURICH (Reuters) - Specialty chemicals group Clariant has hired Goldman Sachs as an additional adviser to help stave off an activist investor's campaign to derail its planned merger with U.S. peer Huntsman .

Snap's shares slide as IPO lockup ends

NEW YORK (Reuters) - Shares of Snap Inc , owner of the Snapchat messaging app, fell as much as 5 percent on Monday to a new low as a share lockup ended, allowing for sales by early investors and pushing it further below its March initial public offering price.

Charter surges after company says not interested in Sprint

(Reuters) - U.S. cable operator Charter Communications Inc's shares shot up nearly 14 percent on Monday after the company said it was not interested in buying wireless carrier Sprint Corp .

Oil near two-month high as producers set to meet again

LONDON (Reuters) - Oil was flat near two-month highs on Monday, putting July on track to become the strongest month so far this year, as news of a producers' meeting next week added to bullish sentiment driven by the threat of U.S. sanctions against OPEC-member Venezuela.

Boeing expects India to order up to 2,100 aircraft over 20 years

NEW DELHI (Reuters) - Boeing Co said on Monday it expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years, calling it the highest-ever forecast for Asia's third-largest economy.

Buyback and profit rise show progress as HSBC looks east

HONG KONG/LONDON (Reuters) - A third share buyback in a year by HSBC underlined progress in the turnaround plan for Europe's biggest bank, with profit also growing by 5 percent in the first half of 2017.

HSBC, miners lift European shares as dollar holds near lows

LONDON (Reuters) - Forecast-beating profits at HSBC and strong gains for miners on the back of a two-year high in copper prices lifted European shares on Monday while the dollar edged up off 13-month lows against other major currencies.