Reuters - Daily Investor Update

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Wednesday, May 10, 2017

Oil jumps, stocks and dollar steady with low volatility

NEW YORK (Reuters) - Oil prices rebounded on Wednesday after the largest one-week drop in U.S. crude inventories this year, helping fuel a modest rise on Wall Street, while European stocks closed near their highest in almost two years.

Boeing suspends 737 MAX flights due to engine issue

SEATTLE (Reuters) - Boeing Co said on Wednesday it temporarily halted flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by General Electric Co and Safran SA of France.

Airbus says continues with new CFM engine

PARIS (Reuters) - Airbus said on Wednesday it is continuing normal flight operations on aircraft powered by new-generation LEAP engines co-produced by General Electric and France's Safran .

Snap user growth slows, revenue misses in first report after IPO

(Reuters) - Snap Inc , the parent of popular disappearing-messaging app Snapchat, reported quarterly revenue that missed analysts' estimates and slowing user growth in its first results after its red-hot IPO, amid stiff competition from Facebook Inc .

Whole Foods names new CFO, directors

(Reuters) - Whole Foods Market Inc on Wednesday said it appointed Kohl’s Corp executive Keith Manbeck as its chief financial officer, effective May 17 and named five new independent directors to its board.

Twenty-First Century Fox reports 4.6 percent rise in quarterly revenue

(Reuters) - Twenty-First Century Fox Inc , the television and film company controlled by Rupert Murdoch, reported a 4.6 percent rise in quarterly revenue due to strong Super Bowl advertising and high ratings for its cable news channel, Fox News.

Oil jumps on drop in U.S. crude stocks, possible OPEC cut extension

NEW YORK (Reuters) - Oil prices rose more than 3 percent on Wednesday, bolstered by the biggest one-week drop in U.S. inventories so far this year, and after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts.

Wall Street mixed after Trump fires FBI head; Nasdaq hits record high

(Reuters) - U.S. stocks were mixed on Wednesday as investors digested President Donald Trump's abrupt dismissal of his FBI chief as well as corporate earnings from Walt Disney and Nvidia.

New York judge halts request in Avianca Airlines shareholder spat

(Reuters) - A judge has frozen an information request by Avianca Airlines' No. 2 shareholder, ruling against one piece of its push to stop negotiations between Avianca and United Continental Holdings Inc led by the airline’s top shareholder, Synergy Group.

Whole Foods in board shake-up amid investor pressure: source

NEW YORK (Reuters) - More than half of the directors on Whole Foods Market Inc's board will step down, a person familiar with the matter said on Wednesday, in a dramatic shake-up at the grocery chain as it grapples with a sagging stock price and frustrated investors.