Reuters - Daily Investor Update

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Friday, June 23, 2017

Italy's Veneto banks failing, to be wound up: ECB

FRANKFURT (Reuters) - Italian lenders Veneto Banca and Banca Popolare di Vicenza are failing or likely to fail and will be wound down, the European Central Bank ruled on Friday.

Italy to pass emergency decree on Veneto banks after EU green light: source

ROME/BRUSSELS (Reuters) - Italy is set to approve an emergency decree to wind up regional lenders Veneto Banca and Banca Popolare di Vicenza using state aid on Saturday, a source close to the matter said after the European Commission gave a preliminary green light to the move.

Stocks advance as dollar weakness lifts oil

NEW YORK (Reuters) - World stocks advanced on Friday to end the week with a slight gain as a drop in the dollar helped boost slumping oil prices.

Tech, energy shares lift Wall Street

NEW YORK (Reuters) - Wall Street ended higher on Friday as gains in tech and energy stocks more than offset weakness in the financial sector, while a slide in Home Depot kept the Dow in check.

Exclusive: Eddie Bauer to explore options including sale - sources

(Reuters) - Debt-laden U.S. outerwear and outdoor gear retailer Eddie Bauer LLC has hired investment banks to explore strategic alternatives, including a potential sale of the company, people familiar with the matter said on Friday.

Exclusive: Wal-Mart not considering a bid for Whole Foods - source

(Reuters) - Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with the matter told Reuters on Friday.

Exclusive: Hedge funds made repeated attempts to invest in Veneto banks - sources

LONDON (Reuters) - A group of four international investment funds offered to inject 1.6 billion euros ($1.79 billion) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome along with more recent approaches to be part of a rescue deal.

DBRS downgrades Cenovus after ConocoPhillips deal

CALGARY, Alberta (Reuters) - Ratings agency DBRS on Friday downgraded Cenovus Energy Inc, saying the Canadian oil company's acquisition of ConocoPhillips assets in March negatively affects its credit and more than outweighs the benefits of the deal.

Oil creeps up from 10-month low, down nearly 4 percent on week

NEW YORK (Reuters) - Oil futures edged higher on Friday with a lift from a weaker dollar, but finished a fifth straight week lower as OPEC-led production cuts have failed to substantially reduce a global crude glut.

GM settles hundreds of ignition switch lawsuits

NEW YORK (Reuters) - General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows.