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Tuesday, 4 April 2017

Reuters Daily Investor Update: April 4, 2017

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Tuesday, April 4, 2017
BMW pulls advertising from Fox News' 'O'Reilly Factor'
(Reuters) - BMW of North America has suspended its advertising on Fox News' "The O'Reilly Factor" program after the New York Times reported Fox and star host Bill O'Reilly paid five women to settle claims he sexually harassed them, a BMW spokesman said on Tuesday.
Liberty Interactive to drop 'tracking stock' structure in complex deal
(Reuters) - U.S. cable TV mogul John Malone's Liberty Interactive Corp announced a complex deal that would help eliminate its "tracking stock" structure, giving the company greater access to the equity market and flexibility to make acquisitions.
Wall Street flat as investors brace for Trump-Xi meeting
(Reuters) - U.S. stocks were little changed on Tuesday, trading in a tight range, as investors fretted over the ability of President Donald Trump to deliver on his policy plans, and ahead of his potentially tense meeting with Chinese President Xi Jinping.
Office supplies retailer Staples explores sale: source
(Reuters) - Staples Inc is in talks with private-equity firms about a potential sale, a source familiar with the matter said on Tuesday, sending shares of the largest U.S. office supplies retailer up more than 10 percent.
Iran's Aseman Airlines signs deal to buy at least 30 Boeing jets
DUBAI/PARIS (Reuters) - Iran's Aseman Airlines has signed a tentative deal to buy at least 30 Boeing 737 MAX jets, in the first new business with the U.S. planemaker since President Donald Trump took office vowing to take a tougher stance toward Iran.
Delta Air cuts forecast for key revenue measure again
(Reuters) - Delta Air Lines Inc on Tuesday lowered its forecast for a closely watched revenue measure for the second time in less than a month, citing slower-than-expected improvement in average fares for flights booked at the last minute.
Hospital stocks fall after talk of health bill revival
NEW YORK (Reuters) - Shares of U.S. hospital operators dropped on Tuesday as Republicans sought to revive plans to dismantle the Affordable Care Act that has benefited the companies.
Electric car maker Tesla passes GM as most valuable U.S. car company
(Reuters) - Tesla Inc on Tuesday morning surpassed General Motors Co as the most valuable U.S. auto firm.
Peabody makes fresh U.S. stock debut after bankruptcy exit
CHICAGO (Reuters) - U.S. coal miner Peabody Energy Corp returned to the New York Stock Exchange on Tuesday after emerging from a year-long $8 billion Chapter 11 bankruptcy with far less debt and an industry champion in the White House.
McDonald's faces complaints in Europe over franchise terms
BRUSSELS (Reuters) - French, German and Italian groups urged their national antitrust enforcers on Tuesday to look into alleged anti-competitive practices by McDonald's , potentially putting the U.S. fast-food chain on course for multiple investigations in Europe.
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