Reuters Business Today: July 3, 2017

Click to View in Browser Monday, July 3, 2017 Dow, S&P advance but tech weighs on Nasdaq (Reuters) - The S&P 500 and Dow Industrials moved higher on Monday, with the Dow hitting an intraday record as energy and bank stocks gained, but continued weakness in the technology sector pulled the Nasdaq lower. U.S. factory activity jumps to near three-year high, construction spending flat WASHINGTON (Reuters) - U.S. factory activity rose sharply in June to its highest level in almost three years suggesting economic growth in the second quarter gained some steam, while construction spending held steady in May. Fed says Yellen was hospitalized for a few days, returning to work this week WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen was hospitalized over the weekend to treat a urinary tract infection while she was vacationing with her family in London, the Fed said in a statement on Monday. Tesla deliveries at low end of forecast, starting Model 3 production (Reuters) - Tesla Inc said it delivered about 47,100 electric sedans and SUVs in the first half of 2017, at the lower end of its own forecasts, shortly after Chief Executive Elon Musk announced that production of its mass-market Model 3 would start this week and build to 20,000 per month in December. GE closes Baker Hughes deal, becomes No. 2 oilfield service provider HOUSTON (Reuters) - General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world's second-largest oilfield service provider by revenue. Broadcom wins U.S. antitrust consent to buy Brocade: FTC WASHINGTON (Reuters) - Chipmaker Broadcom Limited has won U.S. antitrust approval to buy Brocade Communications Systems , the Federal Trade Commission said on Monday. Microsoft to reorganize sales and marketing teams SAN FRANCISCO (Reuters) - Microsoft will undergo a reorganization that will impact its sales and marketing teams, company executives told employees on Monday. Facebook beats privacy lawsuit in U.S. over user tracking (Reuters) - A U.S. judge has dismissed nationwide litigation accusing Facebook Inc of tracking users' internet activity even after they logged out of the social media website. Oil rises more than 2 percent as U.S. crude output slows NEW YORK (Reuters) - Oil rose more than 2 percent on Monday, resuming its longest stretch of daily gains in more than five years after data pointed to diminished U.S. output, though analysts said news of rising OPEC production could cap gains. Exclusive: Mexico's Pemex sees October selection of refinery coking plant partner - sources MEXICO CITY (Reuters) - Mexican state oil company Pemex plans to choose a partner at the end of October to finish the development and operate a $2 billion coking plant at its Tula refinery, government and Pemex sources told Reuters. Related Video Bank, oil stocks lift Dow, S&P U.S. automakers post sales declines 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