Reuters - Daily Investor Update

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Tuesday, September 5, 2017

Wall Street slips on North Korea jitters

LONDON (Reuters) - Risk appetite started to slip again on Tuesday, with modest falls for Wall Street's main markets as they reopened for the first time since North Korea's biggest nuclear missile test yet.

Wall St. opens lower on North Korea tensions

(Reuters) - Wall Street opened lower on Tuesday as investors remained cautious after North Korea conducted its most powerful nuclear test over the weekend.

U.S. crude rises, gasoline falls as refineries restart

LONDON (Reuters) - U.S. oil prices rose on Tuesday and gasoline fell as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.

United Tech to buy Rockwell Collins for $30 billion

(Reuters) - Aerospace supplier United Technologies Corp has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc , the companies said on Monday, in a deal that bulks up UTC's power with plane makers by creating one of the world's largest makers of civilian and defense aircraft components.

United Tech not planning breakup after $23 billion Rockwell deal

NEW YORK (Reuters) - Aerospace and industrial company United Technologies Corp said on Tuesday it has no immediate plans to sell off other businesses after it agreed to acquire avionics supplier Rockwell Collins Inc in a $23 billion deal.

Delta cuts passenger unit revenue forecast, shares drop

(Reuters) - Delta Air Lines Inc on Tuesday cut its forecast for passenger unit revenue, a closely watched performance metric, for the current quarter due to slower than anticipated recovery in fares for last-minute flights.

GM's Canada vehicle sales rise 28.5 percent in August

(Reuters) - General Motors Co said on Tuesday its vehicle sales in Canada rose 28.5 percent in August from a year ago, the eighth straight monthly increase.

Lego to cut 1,400 staff as decade-long sales boom ends

COPENHAGEN (Reuters) - Lego said it would lay off 8 percent of its staff and revamp its business after reporting its first fall in sales in more than a decade on Tuesday.

Exclusive: Western Digital offers to exit Toshiba chip bid for better JV terms

TOKYO (Reuters) - Western Digital Corp has offered to drop out of a group bidding for Toshiba's coveted flash memory chip business to take a stronger position in their joint venture instead, two sources familiar with the matter said on Tuesday.

L.A. Times, Chicago Tribune owner buys New York Daily News

(Reuters) - Newspaper company Tronc Inc , which owns the Chicago Tribune and the Los Angeles Times, said it acquired the New York Daily News from media and property mogul Mort Zuckerman.