Bhinneka News Online: Reuters Daily Investor Update: June 26, 2017

Monday, 26 June 2017

Reuters Daily Investor Update: June 26, 2017

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Monday, June 26, 2017

S&P 500, Dow edge up; tech weighs on Nasdaq

(Reuters) - The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors.

Apple CEO touts India impact in push for deeper market access

(Reuters) - Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United States and China.

Treasury yield curve flattens further; stocks tick up

NEW YORK (Reuters) - Nestle's jump to a record high boosted European stocks and helped buoy a global index on Monday, while the dollar was close to recent lows and the U.S. yield curve flattened after soft capital goods data.

GM lowers outlook for U.S. 2017 new vehicle sales

DETROIT (Reuters) - General Motors Co now expects U.S. new vehicle sales in 2017 will be in the "low 17 million" unit range, reflecting a widespread expectation that the industry is headed for a moderate downturn, a top executive said on Monday.

Oil closes higher; growing U.S. supply limits gains

NEW YORK (Reuters) - Oil prices settled more than half a percent higher on Monday as some traders found bargains after last week's seven-month lows, but rising crude supply in the United States and other countries limited gains.

U.S. activist presses for 'bold action' at Nestle

LONDON/NEW YORK (Reuters) - U.S. activist shareholder Third Point LLC has targeted Nestle by taking a $3.5 billion stake in the food maker and urging Europe's most valuable company to boost returns as demand for its products weakens.

Third Point leans on Dutch turnaround expert for Nestle push

AMSTERDAM/LONDON (Reuters) - When billionaire activist investor Daniel Loeb wanted to give his arguments against Nestle's performance greater credibility and heft, he turned to one of Europe's most experienced turnaround experts, Dutchman Jan Bennink.

Apple, Cisco team up to push for cyber security insurance discounts

(Reuters) - Apple Inc is working with Cisco Systems Inc to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple Chief Executive Officer Tim Cook said on Monday.

U.S. seeks stiff sentence for pharmacist in 2012 meningitis outbreak

BOSTON (Reuters) - A federal prosecutor on Monday asked a judge to sentence a former Massachusetts pharmacy executive to 35 years in prison for the "devastation" caused by a deadly 2012 meningitis outbreak.

Time Inc, Barclays to launch Fortune 500 stock indices

NEW YORK (Reuters) - Time Inc said Monday it would license its Fortune brand for stock indexes based on the Fortune 500 in a new partnership with Barclays PLC in an effort to diversify Time's revenue into the growing index-investing business.