Bhinneka News Online: Reuters Daily Investor Update: April 17, 2017

Monday, 17 April 2017

Reuters Daily Investor Update: April 17, 2017

Click to View in Browser

Monday, April 17, 2017

Arconic CEO quits over letter sent in 'poor judgment' to Elliot

(Reuters) - Arconic Inc said on Monday Chief Executive Klaus Kleinfeld resigned after the U.S. specialty metals maker found he sent a letter in "poor judgment" to Elliott Management, with whom it is embroiled in a proxy war and which used the chance to again criticize the company's board.

Netflix's first-quarter subscriber additions misses estimates

(Reuters) - Popular video streaming service Netflix Inc added fewer subscribers than analysts' had estimated, both internationally and in the United States, in the first quarter, sending its shares down about 3 percent after the bell on Monday.

The long, rough ride ahead for 'Made in America'

RUSTON, Louisiana (Reuters) - Mini motorcycle and go-kart maker Monster Moto made a big bet on U.S. manufacturing by moving assembly to this Louisiana town in 2016 from China.

Beaten down banks, tech lead Wall St rally

NEW YORK (Reuters) - U.S. stocks bounced back on Monday after the S&P 500 closed the previous session at a two-month low, in a broad rally led by recently beaten-down bank and technology shares.

Oil edges lower, trade thin as some cash in after three-week rally

NEW YORK (Reuters) - Crude oil prices slipped 1 percent on Monday in subdued trading after a long Easter holiday weekend, on news of rising U.S. shale production and profit-taking following three straight weeks of gains.

New York City taxi commission plans to force Uber to add driver tipping feature

SAN FRANCISCO (Reuters) - Ride-services company Uber Technologies Inc may be required to provide passengers a way to tip their drivers, despite its longstanding resistance, if a plan by New York City's taxi regulator is implemented.

Illinois bill would ban forcible removal of passengers after UAL incident

CHICAGO (Reuters) - It would be illegal for Illinois state or local government employees to forcibly remove travelers from flights under a bill introduced by a lawmaker on Monday after a United Airlines passenger was violently dragged from an aircraft last week.

Snap stock falls as alleged CEO comments rile some on social media

SAN FRANCISCO (Reuters) - Shares of Snap fell 1.5 percent on Monday as the Snapchat owner faced criticism for comments allegedly made by its CEO about not prioritizing growth in India and Spain because they were "poor" countries.

Boeing to lay off hundreds more engineers: source

NEW YORK (Reuters) - Boeing Co warned employees on Monday it planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit, according to a source and a memo seen by Reuters.

Wal-Mart seeks online fashion presence through acquisitions

(Reuters) - Wal-Mart Stores Inc's bid for clothing retailer Bonobos, which surfaced last week, is the latest step in the company's attempt to recover lost ground against Amazon.com Inc and others in the rapidly growing online fashion world, analysts and retail consultants said.