Reuters - Daily Investor Update

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Wednesday, June 21, 2017

Wall St. slightly higher on healthcare; oil steadies

(Reuters) - U.S. stocks opened higher on Wednesday as healthcare stocks rose and oil prices steadied but gains were limited as the commodity continued to hover near seven-month lows.

Uber CEO Travis Kalanick resigns under investor pressure

(Reuters) - Uber Technologies Inc Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under mounting pressure from investors over his leadership.

Toshiba picks Bain-Japan government group to buy chip unit, big hurdles remain

TOKYO (Reuters) - Toshiba Corp has chosen a consortium of Bain Capital and Japanese government investors as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses.

Oil price at seven month low, equities struggle

LONDON (Reuters) - A renewed slump in oil prices to seven-month lows dragged down world stocks and long-term bond yields on Wednesday, as bets that global inflation and interest rates will stay lower for even longer began to build again.

Oil headed for weakest first-half performance in two decades

LONDON (Reuters) - Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997, a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.

U.S. home refinancing activity climbs to seven-month high: MBA

NEW YORK (Reuters) - U.S. applications to refinance an existing home reached a seven-month peak last week as mortgage rates were unchanged to higher, the Mortgage Bankers Association said on Wednesday.

Boeing gets boost from United, lifts demand forecast

PARIS (Reuters) - Boeing Co won a key endorsement from United Airlines for the latest model of its best-selling 737 on Tuesday and struck an upbeat tone by raising its 20-year industry demand forecast despite signs the pace of growth is slowing.

Factbox: Airbus, Boeing commercial aircraft deals at Paris Airshow

(Reuters) - Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow:

Lockheed wins U.S. Air Force deal for radar threat simulators

PARIS (Reuters) - Lockheed Martin Corp said on Wednesday it had won a $104 million U.S. Air Force contract to develop, produce and field a threat simulator to train combat aircrews to recognize and deal with rapidly evolving threats, such as surface-to-air missiles.

Airbus scoffs at Boeing wins, plays down bounce-back hopes

PARIS (Reuters) - Airbus sales chief John Leahy scoffed at Boeing's claims about the efficiency of a new 737 jet that has been grabbing orders and headlines at the Paris Airshow, but played down expectations of a last-minute comeback to win the event.