Reuters - Daily Investor Update

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Wednesday, September 13, 2017

Trump administration orders purge of Kaspersky products from U.S. government

WASHINGTON (Reuters) - The Trump administration on Wednesday told U.S. government agencies to remove Kaspersky Lab products from their networks, saying it was concerned the Moscow-based cyber security firm was vulnerable to Kremlin influence and that using its anti-virus software could jeopardize national security.

Viacom's MTV sees first summer ratings growth in six years

(Reuters) - Viacom Inc's MTV network had its first summer of ratings growth in six years, the network told Reuters this week, a sign that the company is seeing progress wooing back coveted younger viewers who watch shows online.

Boeing to raise 787 output to 14 jets a month in 2019

(Reuters) - Boeing Co will raise production of 787 Dreamliner passenger jets to 14 a month in 2019, CEO Dennis Muilenberg said on Wednesday, pressing ahead with plans that had been placed on hold as the company gauged demand for wide-body jets.

Oil rises as IEA forecast overshadows U.S. crude build

NEW YORK (Reuters) - Crude oil prices rose on Wednesday after the International Energy Agency (IEA) said a global surplus of crude was starting to shrink, even though U.S. data showed another big increase in domestic inventories due to Hurricane Harvey.

Brazil police detain JBS CEO Batista; plea deal in limbo

SAO PAULO (Reuters) - Brazil's federal police on Wednesday detained the chief executive of JBS SA, the world's No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain he signed earlier this year.

Risks to Brazil's Temer subside after bungled JBS plea bargain

BRASILIA (Reuters) - The arrest on Sunday of Joesley Batista, a billionaire meatpacker who implicated President Michel Temer in a corruption scandal, has actually improved the Brazilian leader's prospects of surviving graft allegations and serving out his term through 2018.

Wall Street drifts as Apple slides, energy gains

NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday as Apple-led losses in tech stocks were offset by gains in consumer discretionary and energy stocks, which helped the S&P 500 inch up to a record intraday high.

Target to hire 100,000 for holiday season rush

(Reuters) - Target Corp said on Wednesday it would hire 100,000 workers for the holiday season, up 43 percent from last year, as the retailer pulls out all the stops to build on its recent uptick in sales.

Apple's slide takes shine off global stock rally

NEW YORK (Reuters) - Global equity markets edged lower on Wednesday, pulled down over concerns about the launch of Apple's new iPhone X, while the dollar rose after a report showed U.S. producer prices rebounded in August, suggesting a strong economy.

Exclusive: Amazon plans mega-warehouse for Mexico growth spurt

MEXICO CITY (Reuters) - Amazon.com Inc is preparing to open a 1 million square-foot warehouse near Mexico City, sources familiar with the project said, part of an effort to boost its presence in Mexico's nascent e-commerce industry.