Wednesday, 5 July 2017

Reuters Business Today: July 5, 2017

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Wednesday, July 5, 2017
Tesla shares dive 7 percent but remain above analysts' target price
NEW YORK (Reuters) - Tesla Inc shares slid more than 7 percent on Wednesday, the biggest percentage decline in more than a year, on poorer-than-expected delivery numbers, yet the luxury electric carmaker's stock price remained above analysts' median target.
Fed minutes suggest increasing tensions on inflation shortfall
WASHINGTON (Reuters) - Federal Reserve policymakers were increasingly split on the outlook for inflation and how it might affect the future pace of interest rate rises, according to the minutes of the Fed's last policy meeting on June 13-14 released on Wednesday.
'Pharma bro' Shkreli barred from discussing trial around courthouse
(Reuters) - A U.S. judge on Wednesday ordered Martin Shkreli to stop talking about his fraud case in or around the Brooklyn courthouse where he is standing trial, five days after the former drug company executive burst into a room full of spectators and attacked the credibility of a government witness.
Tech lifts Nasdaq; energy curbs Dow, S&P gains
NEW YORK (Reuters) - A steep drop in oil prices dragged energy shares lower and kept the Dow and S&P 500 in check on Wednesday, while the Nasdaq was buoyed by gains in tech stocks.
U.S. card firm Vantiv goes global with $10 billion Worldpay buy
(Reuters) - U.S. credit card processor Vantiv agreed to buy Britain's Worldpay for 7.7 billion pounds ($10 billion) on Wednesday in a move expected to trigger further deals.
Exclusive: Energy giants court Qatar for gas expansion role despite crisis
LONDON (Reuters) - The West's three biggest energy corporations are lobbying Qatar to take part in a huge expansion of its gas production, handing Doha an unintended but timely boost in its bitter dispute with Gulf Arab neighbors.
Jana values EQT break-up at $4.5 billion: securities filing
(Reuters) - Jana Partners LLC on Wednesday detailed its criticism of natural gas producer EQT Corp's plan to buy Rice Energy Inc , laying out its argument as to why the hedge fund believes an EQT break-up would be better for shareholders than the pending $6.7 billion deal.
Mexico says Trump-Pena Nieto meet unlikely to lead to big deals
MEXICO CITY (Reuters) - A meeting between Mexican President Enrique Pena Nieto and U.S. President Donald Trump on Friday at the G20 summit in Germany will last about 30 minutes and probably not lead to any major agreements, Mexico's foreign minister said on Wednesday.
Fed posts banks' 'living wills,' gives AIG, Prudential more time
NEW YORK (Reuters) - U.S. bank regulators on Wednesday posted plans submitted by eight of the nation's largest banks for how they could be dissolved in a crisis and gave American International Group, Inc and Prudential Financial an extra year to submit their plans.
Airbus pushes for stake in U.S.-led German helicopter project
BUECKEBURG, Germany (Reuters) - Airbus urged the German government on Wednesday to ensure domestic firms get a big share of a near 4-billion-euro contract earmarked for the country's next generation of heavy-lift military helicopters.
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