Wednesday, 26 April 2017

Reuters Daily Investor Update: April 26, 2017

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Wednesday, April 26, 2017
Tesla offers more sweeteners to try quell unrest at key German supplier
PRUEM, Germany (Reuters) - Luxury electric carmaker Tesla has offered more sweeteners to try to quell unrest at a key German supplier, whose founder and chief executive has not been seen at work for weeks, German labor officials said on Wednesday.
Credit Suisse seeks capital security with $4 billion cash call
ZURICH (Reuters) - Credit Suisse has ditched plans to raise money by listing part of its Swiss business and will instead sell new shares worth about 4 billion Swiss francs ($4 billion) to get its financial strength back on a par with rivals.
Credit Suisse chairman says has shareholder backing: report
ZURICH (Reuters) - Credit Suisse Chairman Urs Rohner believes he has the support of most shareholders, he was quoted as saying on Wednesday ahead of what is expected to be a stormy annual shareholders meeting on Friday.
PepsiCo profit beats but lower margins weigh on shares
(Reuters) - PepsiCo Inc's quarterly revenue and profit beat estimates on demand for its healthier drinks and snacks and higher pricing in North America, but a contraction in the company's gross margins weighed on shares.
Exclusive: VW eyes possible sale of motorbike brand Ducati - sources
FRANKFURT (Reuters) - Volkswagen is considering a possible sale of Italian motorcycle maker Ducati as Europe's largest carmaker seeks to streamline operations to fund a post-Dieselgate strategic overhaul, two people familiar with the matter said.
Trump administration to unveil tax plan with big cuts for business
WASHINGTON (Reuters) - President Donald Trump will release a tax plan on Wednesday that proposes to sharply slash rates on businesses and overseas corporate profits returned to the United States, officials said.
Oil prices rise after big draw in U.S. crude inventories
NEW YORK (Reuters) - Oil prices rebounded from earlier losses on Wednesday after data showed a larger-than-expected falloff in U.S. crude inventories, a salve for investors after several days of declines founded on worries about the slow pace of global efforts to reduce a glut.
Congress moves closer to deal to avert government shutdown
WASHINGTON (Reuters) - The U.S. Congress was moving closer to crafting a deal to avoid shutting down at the stroke of midnight on Friday, but the details and even broad strokes of an agreement were still murky.
Ryan says 'getting really close' to U.S. government funding deal
WASHINGTON (Reuters) - House of Representatives Speaker Paul Ryan said on Wednesday negotiators are close to reaching a deal to fund the U.S. government through October as Congress faces a Friday deadline to pass a spending bill.
SEC working 'diligently' on plan to test lower exchange fees
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is preparing a proposal for a pilot plan to test how lowering stock exchange fees would affect market quality and the behavior of market participants, a senior official at the regulator said on Wednesday.
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