Tuesday 15 May 2018

Daily Investor Update: Uber, Lyft scrap mandatory arbitration for sexual assault claims

Uber, Lyft scrap mandatory arbitration for sexual assault claims

(Reuters) - Ride-hailing companies Uber Technologies Inc [UBER.UL] and Lyft Inc scrapped mandatory arbitration to settle sexual harassment or assault claims, giving victims several options to pursue their claims including public lawsuits.

Exclusive: China's Tianqi nears $4.3 billion deal to buy stake in Chile's SQM - sources

HONG KONG/TORONTO (Reuters) - China's Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile's Sociedad Quimica Y Minera (SQM) , one of the world's biggest lithium producers, for about $4.3 billion, two people close to the transaction said.

Mexico says NAFTA deal unlikely this week, signing possible this year

MEXICO CITY (Reuters) - Mexico's economy minister said on Tuesday that he saw diminishing chances for a new North American Free Trade Agreement ahead of a May 17 deadline to present a deal that could be signed by the current U.S. Congress.

NAFTA nations 'very close' to agreeing deal: Canadian prime minister

OTTAWA (Reuters) - The United States, Mexico and Canada are "very close" to agreeing a deal to modernize the NAFTA trade pact, Canadian Prime Minister Justin Trudeau said on Tuesday, hours after a top Mexican official said major challenges remained.

BMW targets group pre-tax margins of more than 10 percent: Handelsblatt

FRANKFURT (Reuters) - Germany's BMW will target a group pre-tax profit of more than 10 billion euros ($11.9 billion) this year, finance chief Nicolas Peter told newspaper Handelsblatt on Tuesday, as the carmaker seeks to achieve double-digit margins in the long run.

Tesla to produce more than 500 Model 3s per day this week: Electrek

(Reuters) - Tesla Inc's Chief Executive Officer Elon Musk said production of its crucial Model 3 sedan is likely to exceed 500 vehicles per day this week, automotive news website Electrek reported on Tuesday.

Tesla plans six-day stoppage at factory for assembly line fixes: sources

SAN FRANCISCO (Reuters) - Tesla Inc will pause production at its California factory for six days at the end of the May to work on fixes to its assembly line for its new Model 3 sedan, sources inside the company told Reuters.

Factbox - Tesla executive departures since 2016

(Reuters) - Electric carmaker Tesla Inc has seen a flurry of senior executive exits in recent months at a time when the company is looking to speed up production of its Model 3 sedan, a mid-market car crucial to its success and future profitability, and developing multiple new vehicles, including a Semi truck.

Wall St. slides on inflation fears, trade jitters

(Reuters) - A surge in U.S. government bond yields to their highest level in almost 7 years sent Wall Street shares sliding on Tuesday after strong retail sales data stoked inflation concerns and investors fretted about looming trade talks between the United States and China.

Twitter changes strategy in battle against internet 'trolls'

SAN FRANCISCO (Reuters) - Twitter Inc on Tuesday revised its strategy for fighting abusive internet "trolls," saying it would use behavioral signals to identify harassers on the social network and then limit the visibility of their tweets.

Two more activist funds build stakes in ADP - WSJ

May 15 (Reuters) - Two activist hedge funds, D.E. Shaw Group and Sachem Head Capital Management, have built small stakes in payroll-processing firm Automatic Data Processing Inc, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

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