Reuters Business Today: May 8, 2017

Click to View in Browser Monday, May 8, 2017 Wall Street flat; fear barometer falls to 1993 low (Reuters) - The S&P 500 ended flat on Monday after briefly touching a record high, while Wall Street's "fear gauge" dropped to its lowest in over two decades following centrist Emmanuel Macron's victory in the French presidential election. Property, merger bets dominate picks at Sohn conference NEW YORK (Reuters) - Shares in a real estate developer, a cable company and the Canadian creator of the Teletubbies show all rose on Monday after being promoted at an event in New York where hedge fund managers present a diverse range of investment ideas. Buffett: United made 'terrible mistake' with dragged passenger - CNBC (Reuters) - Warren Buffett said on Monday that United Airlines made a "terrible mistake" in handling the fallout after a man was forcibly dragged off a United flight, a bloody confrontation that sparked global outrage. With eye on millennials, Coach buys Kate Spade (Reuters) - Handbag maker Coach Inc said it would buy Kate Spade & Co for $2.4 billion as it looks to tap the popularity of its smaller rival's quirky satchels and totes among millennials. Ackman pitches Howard Hughes, citing management and real estate locations NEW YORK (Reuters) - Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Gun maker stocks drop ahead of Sturm Ruger's quarterly report SAN FRANCISCO (Reuters) - Shares of Sturm Ruger & Company fell 3.7 percent on Monday ahead of its quarterly report, which will offer a glimpse of the health of gun makers following a steep drop in demand after the election of Donald Trump as president. Tyson Foods profit slumps, Florida seeks info in pricing probe (Reuters) - Tyson Foods Inc said on Monday quarterly profit fell 21 percent, hurt by fires at two chicken plants, and that Florida's attorney general was seeking information from the company regarding a probe into possible anticompetitive behavior. Quebec pension fund withholding support for Bombardier executive chairman MONTREAL (Reuters) - Canada's second-largest pension fund, a key institutional shareholder in Bombardier Inc, said it has withheld support for the re-election of the company's executive chairman Pierre Beaudoin at its annual general meeting this week. Sinclair Broadcast to buy Tribune Media for about $3.9 billion (Reuters) - Sinclair Broadcast Group Inc said on Monday it would buy Tribune Media Co , one of the largest U.S. television station operators, for about $3.9 billion, giving Sinclair a greater foothold in big broadcast markets like New York and Chicago. Exclusive: German report raises concerns over A400M military readiness BERLIN (Reuters) - A confidential report by the German Defence Ministry has warned that technical challenges and contractual wrangling with Airbus could impair full operational use of Europe's A400M military transport plane. Related Video Coach buys Kate Spade for $2.4 billion Breakingviews TV: Coach's handbag deal Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. 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