Reuters - Daily Investor Update

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Wednesday, May 17, 2017

Target optimistic on full-year forecast after profit beat

(Reuters) - Target Corp reported higher-than-expected quarterly profit and sales and set an optimistic tone for the year, saying its full-year profit could come in at the higher end of its forecast.

Wall Street regulator detects fewer signals of illegal 'layering'

WASHINGTON (Reuters) - A surveillance program by Wall Street's self-funded regulator has seen a huge decline in alerts that may indicate potential market manipulation, after it launched a new initiative last year to help brokerages spot problematic clients.

Germany's Lidl to price groceries up to 50 percent below U.S. rivals

NEW YORK (Reuters) - German discount grocery chain Lidl, which is opening its first U.S. stores this summer, said its products would be up to 50 percent cheaper than competitors, which are already caught up in a price war.

Global oil rises on U.S. inventory draw as OPEC beckons

New York (Reuters) - Oil prices rose on Wednesday after U.S. government data showed a decline in domestic crude inventories and strong refining activity in the world's largest oil consumer, ahead of next week's meeting of major oil producers.

Ralph Lauren names P&G executive Patrice Louvet as CEO

(Reuters) - Ralph Lauren Corp named Procter & Gamble executive Patrice Louvet as chief executive, more than three months after his predecessor left the firm, following differences with founder Ralph Lauren over the direction of the company.

S&P, Dow set for worst day in eight months on Trump turmoil

(Reuters) - The S&P 500 and the Dow were headed for their worst day in more than eight months as reports of a leaked memo by former FBI chief James Comey spooked investors, raising questions about whether President Donald Trump tried to interfere with a federal investigation.

S&P on track for worst day since Sept on Trump concern

NEW YORK (Reuters) - U.S. stocks and the dollar fell while bond prices rose on Wednesday as reports on U.S. President Donald Trump raised questions about his ability to deliver on tax and regulatory reform.

Judge may reject parts of Wells Fargo account abuse settlement

(Reuters) - A federal judge signaled that he may reject parts of Wells Fargo & Co's proposed $142 million settlement with customers for whom it opened millions of unauthorized accounts.

Ford to cut 1,400 white-collar jobs in North America, Asia

(Reuters) - Ford Motor Co said on Wednesday it plans to cut 1,400 salaried jobs in North America and Asia through voluntary early retirement and other financial incentives as the No. 2 U.S. automaker looks to boost its sagging stock price.

Safe-haven currencies soar on Trump uncertainty

NEW YORK (Reuters) - The dollar fell to its lowest level against the yen since May 1 and hit a six-month low against the Swiss franc on Wednesday as talk that U.S. President Donald Trump could face the threat of impeachment boosted safe-haven assets.