Friday, 24 March 2017

Reuters Daily Investor Update: March 24, 2017

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Friday, March 24, 2017
Samsung Electronics rejects calls for holding company structure, for now
SEOUL (Reuters) - Samsung Electronics Co Ltd on Friday said it will not adopt a holding company structure for now, rejecting demands from U.S. activist hedge fund Elliott Management and putting off a long-anticipated restructuring.
U.S. business spending picking up, but may slow in second quarter
WASHINGTON (Reuters) - New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter.
Wall Street ends little changed after healthcare bill yanked
NEW YORK (Reuters) - A dramatic session on Wall Street ended little changed on Friday as stocks pared losses after Republicans pulled their bill to overhaul the U.S. healthcare system.
Exclusive: Venezuela increased fuel exports to allies even as supply crunch loomed
HOUSTON/CARACAS (Reuters) - A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in fuel exports to foreign allies such as Cuba and Nicaragua and an exodus of crucial personnel from state-run energy company PDVSA, according to internal PDVSA documents and sources familiar with its operations.
Oil rises in late trade, still down on the week as glut weighs
NEW YORK (Reuters) - Oil rose modestly on Friday in a spate of late-day activity, but fell on the week as concerns persisted over an excess of crude.
Uber tells U.S. court customers must arbitrate disputes
(Reuters) - A U.S. appeals court in New York on Friday weighed arguments over whether Uber Technologies Inc [UBER.UL] customers gave up their right to sue the company when they registered for its popular taxi hailing service.
Trump touts Charter hiring that was in works for two years
WASHINGTON (Reuters) - U.S. President Donald Trump on Friday touted Charter Communications Inc's decision to invest $25 billion in the United States and a plan the company announced before he was elected to hire 20,000 workers over four years.
Trump greenlights Keystone XL pipeline, but obstacles loom
WASHINGTON/CALGARY (Reuters) - U.S. President Donald Trump's administration approved TransCanada Corp's Keystone XL pipeline on Friday, cheering the oil industry and angering environmentalists even as further hurdles for the controversial project loom.
PPG chief snubbed by Akzo during Netherlands visit
AMSTERDAM (Reuters) - A team of executives from U.S. paint maker PPG left the Netherlands on Friday without meeting their counterparts at Akzo Nobel during a two-day charm offensive to win support for their proposed takeover of their Dutch rival.
U.S. shares pare gains ahead of healthcare vote; gold rises
NEW YORK (Reuters) - U.S. shares pared gains and European shares slipped on Friday as investors were on tenterhooks awaiting the outcome of a vote in Washington on healthcare legislation reform, seen as pivotal for U.S. President Donald Trump's pro-growth agenda.
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