Reuters Daily Investor Update: May 1, 2017

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Monday, May 1, 2017

Citadel's Griffin says he fantasizes about bank breakups

BEVERLY HILLS (Reuters) - Billionaire hedge fund manager Ken Griffin said he is encouraged by recent comments from U.S. officials that the government could move to break up the country's biggest banks.

Apple leads Wall Street higher despite weak economic data

NEW YORK (Reuters) - Shares on Wall Street mostly climbed on Monday, boosted by gains in Apple and other big tech stocks that more than offset a spate of weak economic data and pushed the Nasdaq Composite to another record high.

Wells Fargo CEO sees benefits to putting employees before shareholders

BEVERLY HILLS (Reuters) - Wells Fargo & Co Chief Executive Officer Tim Sloan said recruiting and retention have improved dramatically in the wake of a sales scandal, as the third-largest U.S. bank has made big changes to how it pays and evaluates employees in its branches.

Fox News co-president Bill Shine resigns, Scott promoted

(Reuters) - Bill Shine, co-president of Fox News Channel, has become the latest executive to resign from the cable channel in the wake of a sexual misconduct scandal, and will be partly replaced by Fox's highest-ranking female executive.

Airbnb, San Francisco settle lawsuit over short-term rental law

SAN FRANCISCO (Reuters) - Airbnb Inc and the city of San Francisco have settled a year-long lawsuit over a local ordinance forbidding the home-rental company from taking bookings from hosts who have not properly registered their homes.

UBS pays $445 million over toxic mortgages, failed U.S. credit unions

(Reuters) - UBS Group AG paid $445 million to settle claims that the Swiss bank sold toxic mortgage securities that helped sink two federal credit unions, a U.S. regulator said on Monday.

Oil slips 1 percent as rising output faces weak demand worries

NEW YORK (Reuters) - Oil slipped 1 percent on Monday as rising crude output on Libya and the United States countered OPEC-led production cuts aimed at clearing a supply glut.

Dish revenue misses estimates, loses more subscribers than expected

(Reuters) - Dish Network Corp would consider various options for its wireless airwaves, its chief executive said on Monday, after the U.S. satellite TV provider reported quarterly revenue that missed analysts' estimates as it lost more subscribers than expected.

Trump says actively considering breaking up big banks: Bloomberg TV

WASHINGTON (Reuters) - U.S. President Donald Trump said he was actively considering breaking up big banks, Bloomberg Television reported on Monday.

Factbox: Breaking up big U.S. banks

(Reuters) - U.S. President Donald Trump said he was actively considering breaking up big banks, Bloomberg Television reported on Monday.

Reuters Daily Investor Update: May 1, 2017

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