Reuters Daily Investor Update: March 22, 2017

Click to View in Browser Wednesday, March 22, 2017 Starbucks CEO Schultz to host last shareholder meeting LOS ANGELES (Reuters) - Starbucks Corp co-founder Howard Schultz will host his final shareholder meeting as chief executive officer on Wednesday before Chief Operating Officer Kevin Johnson takes the helm of the global coffee chain on April 3. Mobileye deal to fuel investment in late-stage Israeli start-ups TEL AVIV (Reuters) - Intel's $15.3 billion acquisition of Mobileye has catapulted Israeli hi-tech into the global league, and is likely to stimulate investment in the sector's other late-stage startups, where funds are most needed. Key House lawmaker: Dodd-Frank overhaul remains a 2017 priority WASHINGTON (Reuters) - The Republican chairman of a powerful House of Representatives committee said on Wednesday that he remains confident Congress will act to overhaul financial regulations "this year." S&P, Nasdaq rise as investors seek bargains after steep drop (Reuters) - The S&P and the Nasdaq reversed course to climb higher in afternoon trading on Wednesday, as investors sought bargains a day after the major indexes posted their biggest one-day loss since before the election. SocGen says to raise spending on French retail bank PARIS (Reuters) - Societe Generale plans to spend an extra 250 million euros ($270 million) this year on its French retail banking business, its deputy CEO said, as it fortifies itself against increasing competition from online rivals. Sears shares sink as creditors, investors fret over going-concern risk (Reuters) - Sears Holdings Corp's shares slumped 16 percent on Wednesday as bondholders and investors questioned how long the retailer could remain in business, a day after the company flagged going-concern doubts. Sears warns of 'going concern' doubts (Reuters) - Sears Holdings Corp, once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales. Laptop ban hits Gulf airlines in battle for business travelers LONDON (Reuters) - A ban on laptops in plane cabins bound for the United States from some cities could deal a blow to the big, fast-growing Gulf airlines, which depend on business-class flyers stopping over in places like Dubai or Doha for far-flung destinations. Walmart announces plan to invest $800 million in Chile SANTIAGO (Reuters) - Wal-Mart Stores Inc's Chilean unit will invest $800 million in the country over the next three years and open 55 to 60 new supermarkets, the company said on Wednesday, a significant outlay at a time of slow economic growth. EU's Vestager says analyzing Facebook reply to WhatsApp probe BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager said on Wednesday she was reviewing Facebook's response to charges the U.S. social network provided misleading information during its bid for messaging service WhatsApp which may result in a hefty fine for the company. Related Video U.S. farmers call to avoid Mexico trade war Stocks sink as faith in Trump begins to wane Related News If healthcare vote fails, would jeopardize 'Trump trades': Gundlach SEC shortens settlement cycle for securities trades 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