Reuters - Daily Investor Update

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Friday, May 19, 2017

Boeing defense unit seeks talks with Canada over jets threat: source

OTTAWA (Reuters) - Boeing Co's defense unit is seeking talks with Canadian officials as it tries to fend off a government threat to scrap the purchase of 18 Super Hornet jets, a source familiar with the situation said on Friday.

Global stocks gain as political tumult eases; worst week for dollar in year

NEW YORK (Reuters) - The U.S. dollar fell and was poised for its worst week in more than a year while world stock markets edged up on Friday amid some calm following declines earlier in the week spurred by uncertainty relating to Donald Trump's U.S. presidency.

U.S. regulators to announce VW diesel fix approval for 84,000 vehicles: sources

WASHINGTON (Reuters) - The U.S. Environmental Protection Agency and California Air Resources Board on Friday are expected to announce approval of a fix for about 84,000 older Volkswagen diesel vehicles that can emit excess emissions, two sources briefed on the matter said.

Bain, KKR, Broadcom among suitors lining up for Toshiba's chips business

TOKYO (Reuters) - Suitors including private equity firms KKR & Co LP, Bain Capital and U.S. chip maker Broadcom Ltd are lining up for Toshiba Corp's semiconductor business, sources familiar with matter said ahead of a deadline for second-round offers on Friday.

St. Louis Fed's Bullard says expected rate hikes 'aggressive'

ST. LOUIS (Reuters) - The Fed's expected plans for rate increases may be too fast for an economy that has shown recent signs of weakness, St. Louis Federal Reserve President James Bullard said on Friday, making the case for a continued go-slow approach as inflation progress stalls.

Ford to invest $350 million in Livonia transmission plant in Michigan

WASHINGTON (Reuters) - Ford Motor Co said Friday it would invest $350 million to upgrade its Livonia transmission plant in Michigan as the company expands its lineup of powertrains.

Strong earnings lift investor spirits after Trump slump

(Reuters) - U.S. stocks were higher late Friday morning as a set of strong corporate earnings lifted investor spirits in a week dominated by uncertainty surrounding Donald Trump's presidency.

Political turmoil in Washington not yet felt in economy: Fed's Bullard

ST. LOUIS (Reuters) - The developing controversy surrounding the Trump administration has not had an appreciable impact on the economy yet, but markets should prepare for continued political volatility, St. Louis Fed President James Bullard said on Friday.

Campbell Soup misses profit, sales estimates; trims sales forecast

(Reuters) - Campbell Soup Co's quarterly sales and profit missed analysts' estimates, hurt by higher promotions and weak demand for its condensed soups, broths and V8 vegetable juices, and the company warned that its full-year sales could decline.

Oil heads for second week of gains as output cut extension expected

LONDON (Reuters) - Oil prices were heading on Friday for a second week of gains on growing expectations that big crude exporters will extend output cuts to curb a persistent glut in inventories.