Reuters Business Today: August 2, 2017

Click to View in Browser Wednesday, August 2, 2017 Dow cracks 22,000, Apple hits record high (Reuters) - The Dow climbed above the 22,000 mark for the first time on Wednesday, buoyed by Apple's healthy quarterly iPhone sales, while weakness in other tech stocks held back the Nasdaq and S&P 500. Tesla's quarterly revenue beats estimates (Reuters) - Electric-car maker Tesla Inc reported better-than-expected quarterly revenue and backed its delivery guidance for the second half of the year. Exclusive: N.Y. regulator subpoenas Wells Fargo over unwanted auto insurance NEW YORK (Reuters) - New York state's banking and insurance regulator issued subpoenas on Tuesday to two Wells Fargo & Co units after the bank said it had sold auto insurance to hundreds of thousands of customers who did not need it. Exclusive: Sanctions gap lets Western firms tap Russian frontier oil OSLO/MOSCOW (Reuters) - A gap in U.S. sanctions allows Western companies to help Russia develop some of its most technically challenging oil reserves, and risks undermining the broad aim of the measures, a Reuters review of company results and media releases has found. Exclusive: Blackstone in talks to sell stake in camera maker Leica - sources FRANKFURT (Reuters) - Buyout group Blackstone is in talks with potential buyers for its 45 percent stake in iconic high-end camera and sport optics maker Leica, people close to the matter said. Dow pole vaults 22,000, but beware the landing NEW YORK (Reuters) - The blue chip Dow Jones Industrial Average vaulted over the 22,000 mark for the first time on Wednesday, but investor fears about the sustainability of the gains took the shine off the round number milestone. Exclusive: Hasbro ends talks to buy Lions Gate Entertainment - sources (Reuters) - Hasbro Inc, the maker of games ranging from Monopoly to foam Nerf balls, has ended talks to acquire U.S. movie studio and entertainment company Lions Gate Entertainment Corp, people familiar with the matter said on Wednesday. Snap short sellers take winnings off table as stock sinks SAN FRANCISCO (Reuters) - Shares of Snap Inc slumped to new lows on Wednesday while short sellers closed out their bets following paper profits of half a billion dollars since the Snapchat owner's market debut in March. Corporate profits to take more hits from Ukraine cyber attack TORONTO/FRANKFURT (Reuters) - The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and businesses has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to come. MetLife profit rises on smaller derivative losses (Reuters) - MetLife Inc's quarterly profit surged compared with a year earlier, when the largest U.S. life insurer booked $1.4 billion in net derivative losses. Related Video German carmakers to update software in 5.3 million diesel cars "Wonder Woman" lifts Time Warner 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