Bhinneka News Online: Reuters Daily Investor Update: June 8, 2017

Thursday, 8 June 2017

Reuters Daily Investor Update: June 8, 2017

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Thursday, June 8, 2017

Global shares muted after Comey testimony; euro dips after ECB

NEW YORK (Reuters) - U.S. and European stocks were little changed on Thursday as investors digested testimony from former FBI Director James Comey before a Senate panel, while the euro fell after the European Central Bank kept interest rates on hold and oil prices briefly touched one-month lows.

Nordstrom family explores taking retailer private, shares surge

(Reuters) - Department store operator Nordstrom Inc said on Thursday that some members of the Nordstrom family were considering taking the company private as it struggles with an industry-wide sales slowdown.

S&P, Dow flat after Comey testimony; Nasdaq at record high

NEW YORK (Reuters) - The 'Trump trade' made a comeback on Thursday on Wall Street but the S&P and Dow industrials ended flat as former FBI director James Comey said President Donald Trump fired him to undermine an investigation into Russian meddling into last November's U.S. election.

Oil falls, lowest settlement since November output cut deal

NEW YORK (Reuters) - Oil prices fell again on Thursday, with a sell-off continuing the day after data showed a surprise surge in U.S. crude inventories, and Brent settled at its lowest since Nov. 29, the eve of an OPEC production cut deal.

Automakers diverge on how fast to deploy automatic braking

DETROIT (Reuters) - Big automakers are rushing to launch self-driving cars as early as 2021, but the industry's major players are moving slowly when it comes to widespread deployment of a less expensive crash prevention technology that regulators say could prevent thousands of deaths and injuries every year.

General Motors sale of Opel to PSA could be completed by end July

FRANKFURT (Reuters) - Opel, the European arm of General Motors , said its sale to France's PSA Group could be completed as early as July 31, pending regulatory approval from antitrust authorities.

Credit Suisse to cut jobs as it pares back in London

ZURICH (Reuters) - Credit Suisse is to cut roughly 1,500 jobs in London by the end of next year, according to a person familiar with the matter, part of the Swiss bank's efforts to cut costs globally.

Verizon plans to cut 2,000 jobs at Yahoo, AOL: source

(Reuters) - Verizon Communications Inc is expected to cut about 2,000 jobs when it completes its $4.48 billion acquisition of Yahoo Inc's core assets next week, a person briefed on the matter said.

Adidas optimistic new shoe models will drive U.S. recovery

(Reuters) - Adidas is optimistic that strong demand for new shoe models will drive its recovery in the U.S. market even as the popularity of classics such as the Superstar and Stan Smith wane, the company's North America head told Reuters.

Forestar says D.R. Horton's offer could be superior to Starwood bid

(Reuters) - Forestar Group Inc said on Thursday that U.S. homebuilder D.R. Horton Inc's offer to buy a majority stake in the real estate developer could be superior to its deal with Starwood Capital Group.