Bhinneka News Online: Daily Investor Update: Wall Street jumps to highs on tax-cut hopes

Friday, 15 December 2017

Daily Investor Update: Wall Street jumps to highs on tax-cut hopes

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Friday, December 15, 2017

Wall Street jumps to highs on tax-cut hopes

NEW YORK (Reuters) - Wall Street's three major indexes tallied record closing highs on Friday with broad gains across sectors as a long-awaited tax bill that would cut corporate tax rates looked like it would win enough support from lawmakers to pass.

U.S. Justice Department, AT&T settlement talks failed: court filing

WASHINGTON (Reuters) - The U.S. Department of Justice and AT&T Inc have held unsuccessful settlement talks over the wireless and pay-TV company's bid to buy movie and TV show maker Time Warner Inc , the two sides said in a court filing on Friday.

Lockheed to partner with Aerion to develop supersonic business jet

WASHINGTON (Reuters) - Lockheed Martin Corp , the maker of the F-35 and F-22 fighter jets, is partnering with plane maker Aerion Corp to develop the world's first supersonic business jet.

World shares gain; U.S. yield curve flattest in decade

NEW YORK (Reuters) - World shares gained on Friday and Wall Street opened higher on U.S. tax legislation optimism, while the U.S. yield curve hit its flattest in a decade after the Federal Reserve hiked interest rates earlier this week.

Some Canada firms could move to U.S. amid NAFTA worries: survey

OTTAWA (Reuters) - Around six percent of Canadian firms could move part of their operations to the United States amid uncertainty over the future of the NAFTA trade pact, the nation's export credit agency said on Friday.

CSX shares derail after CEO takes unexpected medical leave

(Reuters) - CSX Corp shares skidded as much as 10 percent on Friday, wiping out $4 billion in market value, as the No. 3 U.S. railroad by revenue sought to assure investors its turnaround would progress despite the unexpected medical leave of its chief executive officer.

CSX shares tumble after CEO's medical leave

(Reuters) - CSX Corp's shares tumbled on Friday in premarket trading after the No. 3 U.S. railroad said Chief Executive Hunter Harrison was taking medical leave for unexpected complications from a recent unspecified illness.

Exclusive: Aston Martin owners rev up for 2018 exit with Lazard hire

LONDON (Reuters) - Aston Martin's owners have hired Lazard to prepare for a stock market listing or sale of the British sportscar maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters.

Oil holds below two-year highs with focus on U.S. output

NEW YORK (Reuters) - Oil prices were mixed on Friday, lingering below two-year highs on Friday as the continuing outage of a North Sea pipeline and OPEC-led production cuts supported prices, while climbing U.S. output kept a lid on gains.

German military kicks off heavy lift helicopter competition: source

BERLIN (Reuters) - Germany's military has approved plans to buy 45 to 60 new heavy-lift helicopters, kicking off a competition between the two largest U.S. weapons makers for the contract worth nearly 4 billion euros ($4.72 billion), a military source said on Friday.