Reuters - Daily Investor Update

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Wednesday, September 6, 2017

U.S. stocks, dollar rise on Washington debt limit deal

NEW YORK (Reuters) - U.S. shares rose on Wednesday and the dollar gained against the safe-haven Japanese yen as upbeat news out of Washington helped mitigate investors' concerns about North Korea's nuclear weapons tests and a major hurricane barreling towards Puerto Rico and Florida.

Energy shares lead broad rebound on Wall Street

(Reuters) - Wall Street climbed on Wednesday, boosted by energy shares and helped by news of an agreement to extend the debt limit, as stocks bounced back from a day-earlier selloff.

Oil up after Harvey fallout; Irma heads toward Florida

NEW YORK (Reuters) - Oil prices rose more than 1 percent on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Hurricane Harvey.

United will not face fines after passenger dragging incident: official

WASHINGTON (Reuters) - The U.S. Transportation Department told United Continental Holdings Inc it would not face fines after a 69-year-old passenger was dragged from a flight at Chicago’s O‘Hare International Airport after he refused to give up his seat to make room for a crew member, a official confirmed Wednesday.

Madoff trustee recoups $687 million in biggest settlement since 2011

NEW YORK (Reuters) - The trustee recovering money for Bernard Madoff's victims on Wednesday announced his biggest settlement in six years, recouping $687 million from an Irish fund that began sending client money to the imprisoned Ponzi schemer in the 1990s.

Nissan takes EV battle to Tesla with longer-range Leaf

CHIBA, Japan (Reuters) - Nissan Motor Co Ltd launched a revamped Leaf electric vehicle (EV) on Wednesday, going head-to-head with Tesla Inc's Model 3 and hoping to blunt criticism of limited driving ranges undermining EVs' mass-market appeal.

Banking group Nordea snubs Sweden with HQ move to Finland

STOCKHOLM (Reuters) - The Nordic region's biggest bank, Nordea , said on Wednesday it would move its headquarters to Finland, dealing a blow to Stockholm's bid to become a financial hub.

United orders more Airbus A350s but drops largest model

PARIS (Reuters) - United Airlines has ordered 10 extra Airbus A350 jetliners, while ditching the largest model, the A350-1000, in favor of the smaller and more popular A350-900 and delaying deliveries to save cash, the companies said on Wednesday.

Facebook digital ads figures differ from census data: analyst

(Reuters) - Figures Facebook Inc gives advertisers about its potential reach differ from U.S. census data, an investment analyst said on Tuesday, renewing questions about how tech companies verify the value of their digital marketing space.

Fed sees pickup in economic growth, but inflation remains muted

WASHINGTON (Reuters) - The U.S. economy expanded at a modest to moderate pace in July through mid-August but signs of an acceleration in inflation remained slight, the latest survey conducted by the Federal Reserve showed on Wednesday.