Daily Investor Update: Wall Street edges up as tech snaps skid

Click to View in Browser Wednesday, December 27, 2017 Wall Street edges up as tech snaps skid NEW YORK (Reuters) - U.S. stocks eked out a slight gain on Wednesday, as advances in some major technology stocks offset losses in energy and helped keep major indexes just above the unchanged mark. As online shopping grows, UPS sees record holiday package returns SEATTLE (Reuters) - United Parcel Service Inc is on track to return a record number of packages this holiday shipping season, a sign that e-commerce purchases surged to new heights over the past month. GE raises stake in Sweden's Arcam by buying shares from hedge funds (Reuters) - General Electric Co said on Wednesday it would raise its stake in Swedish 3D printer maker Arcam AB to around 95 percent from 77 percent after buying shares from hedge funds Elliott and Polygon. Creditors seek bankruptcy for U.S. media entrepreneur Sillerman WILMINGTON, Del. (Reuters) - Creditors of American media entrepreneur Robert F.X. Sillerman are seeking to force the onetime billionaire into bankruptcy to try and collect on a $7.36 million judgment against him, according to court documents. U.S. department store stocks jump on holiday spending record CHICAGO (Reuters) - Shares of U.S. department stores jumped on Tuesday as Mastercard Inc said shoppers spent over $800 billion during the season, more than ever before, boosted by growing consumer confidence, rising employment and early discounts. South Korea prosecutors seek 12 years jail for Samsung heir Lee in corruption case SEOUL (Reuters) - South Korean prosecutors sought a 12-year jail term on Wednesday for Samsung Electronics Vice Chairman Jay Y. Lee, in a corruption case that led to the ouster of the nation's president earlier this year. FedEx says it experienced another record-breaking holiday shipping season (Reuters) - Package delivery company FedEx Corp said on Wednesday it experienced another record-breaking holiday shipping season, but declined to provide specifics or data. No Trump windfall for private prisons yet, but some bet on gains (Reuters) - Investors who bet on private prison operators as big winners from Donald Trump's tough line on crime and illegal immigration are looking back at a bruising year of high hopes and disappointment. Some, however, say the stocks still offer good value even though an anticipated windfall under the Trump administration so far has failed to materialize. Apple faces lawsuits after saying it slows down aging iPhones SAN FRANCISCO (Reuters) - Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change. SpaceX-launched Iridium satellites functioning normally (Reuters) - Iridium Communications Inc said on Wednesday its 10 satellites, launched last week by tech billionaire Elon Musk's SpaceX, are functioning as expected. Related Video Apple lawsuits bite: tech stocks hit by iphone X woes Greek economy gets lift from beauty industry Related News Biggest withdrawal in four months hits U.S. domestic stock funds: ICI U.S. money market assets increased in latest week: iMoneyNet Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook