Wednesday, 21 February 2018

Daily Investor Update: Netflix, Amazon win new favor after Wall Street sell-off

Netflix, Amazon win new favor after Wall Street sell-off

SAN FRANCISCO (Reuters) - Netflix Inc, Amazon.com Inc and technology companies poised to benefit from U.S. corporate tax cuts are attracting fresh attention on Wall Street after their shares shrugged off recent market turbulence.

Wall Street falls as Fed minutes send bond yields higher

NEW YORK (Reuters) - U.S. stocks closed lower on Wednesday in a rocky session after the release of the minutes from the Federal Reserve's January meeting pushed yields on the benchmark 10-year U.S. Treasury note to a four-year high.

Apple in talks with miners to secure cobalt supplies: sources

LONDON (Reuters) - Apple Inc is talking to major cobalt producers to secure supplies of the material vital for the lithium-ion rechargeable batteries that power its mobile phones, three cobalt industry sources said.

Dollar higher, stocks flat after Fed confidence in rate course

NEW YORK (Reuters) - The dollar index hit a fresh high after briefly turning negative and stocks gave back gains on Wednesday after the Federal Reserve's rate-setting committee, at its last policy meeting, showed more confidence in the need to keep raising interest rates.

Nestle says negotiating with retailers to end pricing row

ZURICH (Reuters) - Food group Nestle said on Wednesday it was negotiating with customers to end a boycott of its products by several European retailers in a row over pricing.

Nestle in talks to end supermarket row as pricing pressures build

LONDON/ZURICH (Reuters) - Nestle is in talks to end a pricing stand-off with several European supermarkets, including Belgium's Colruyt and Switzerland's Coop, which have dropped some of the Swiss group's products in the latest sign of growing pressures on the retail industry.

Exclusive: India's PNB adopts strict SWIFT controls after mega fraud case

MUMBAI (Reuters) - India's state-run Punjab National Bank has stepped up its controls on the use of global payments network SWIFT following an alleged $1.77 billion fraud, according to memos issued this month and seen by Reuters.

Dish says Sling TV has 2.2 million subscribers

(Reuters) - Dish Network Corp said on Wednesday its online streaming service, Sling TV, added 160,000 subscribers in the fourth quarter, disclosing numbers for the first time and providing an overall figure of 2.21 million.

Broadcom cuts Qualcomm offer to $117 billion after new NXP deal

(Reuters) - Microchip maker Broadcom Ltd cut its bid for Qualcomm Inc on Wednesday by 4 percent to $117 billion as it objected to Qualcomm's decision to raise its own bid for NXP Semiconductors NV to $44 billion.

JPMorgan plans new Manhattan headquarters in boost to Midtown

NEW YORK (Reuters) - JPMorgan Chase & Co. plans to build a new headquarters at its existing Manhattan site in the first major project under a rezoning law passed last year that aims to revitalize the Midtown area, the bank and officials said on Wednesday.

UPDATE 2-U.S. SEC calls for 'clearer' cyber risk disclosure from companies

WASHINGTON, Feb 21 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday updated guidance to public companies on how and when they should disclose cyber security risks and breaches, including potential weaknesses that have not yet been targeted by hackers.

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