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Wednesday, 2 August 2017

Reuters Daily Investor Update: August 2, 2017

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Wednesday, August 2, 2017
Tesla quarterly revenue more than doubles
(Reuters) - Electric-car maker Tesla Inc's quarterly revenue more than doubled, driven by deliveries of its high-end Model S sedans and sports utility vehicle Model X.
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.
Dow closes above 22,000 for first time; dollar soft
NEW YORK (Reuters) - A gauge of world stocks edged lower on Wednesday even as Wall Street's venerable Dow Jones Industrial Average topped the 22,000 barrier on strength in Apple shares, while the U.S. dollar held near 15-month lows on doubts about another rate hike this year.
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.
'Wonder Woman' helps Time Warner beat estimates as ad sales dip
(Reuters) - Time Warner Inc reported higher-than-expected quarterly profit on Wednesday as revenue from box office hit "Wonder Woman" helped offset declining ad revenue.
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.
Outsider replaces long-time CEO at Oreo cookie maker Mondelez
(Reuters) - Mondelez International Inc on Wednesday named the head of Canadian frozen foods maker McCain Foods to succeed long-time chief as the snack firm battles declining profits and activist investors.
Oil prices rise amid record U.S. gasoline demand
NEW YORK (Reuters) - Oil prices edged higher on Wednesday, as surging U.S. fuel demand and strong refinery runs offset data from the Energy Department that showed crude inventories did not fall as much as expected last week.
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.
Auto workers' union rolls the dice at Nissan's Mississippi plant
CANTON, Miss. (Reuters) - For nearly a decade, the United Auto Workers union has tried to organize workers at Nissan Motor Co Ltd's assembly plant here, challenging the company's wages, safety record and commitment to treating African-American workers fairly.
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