Tuesday, 20 February 2018

Daily Investor Update: Wall Street winning streak ends as Walmart drags on Dow, S&P

Wall Street winning streak ends as Walmart drags on Dow, S&P

NEW YORK (Reuters) - The Dow and S&P 500 fell on Tuesday to snap a six-session winning streak as a sharp decline in Walmart weighed heavily, but gains in Amazon and chip stocks helped the Nasdaq hold near the unchanged mark.

Qualcomm deals blow to Broadcom's bid with sweetened NXP deal

(Reuters) - U.S. semiconductor company Qualcomm Inc on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV , its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd .

Walmart holiday-quarter profit drops, online struggles spook investors

NEW YORK (Reuters) - Walmart Inc , the world's biggest retailer, on Tuesday posted a sharp drop in profit and online sales growth during the critical holiday period and forecast annual profit at the lower end of expectations.

Guess co-founder gives up duties during probe of alleged improper conduct

(Reuters) - Guess Inc said on Tuesday its co-founder Paul Marciano will give up his day-to-day responsibilities at the company on an unpaid basis pending the completion of a probe into accusations of improper conduct.

Judge denies AT&T access to White House correspondence on Time Warner deal

WASHINGTON (Reuters) - A federal judge on Tuesday denied AT&T Inc's request to see White House communications that might shed light on whether U.S. President Donald Trump pressured the Department of Justice to try to block the wireless carrier's purchase of Time Warner Inc .

VW bid to delay first U.S. diesel emissions trial rejected

FAIRFAX, Va. (Reuters) - A Virginia state court judge on Tuesday rejected a request by the U.S. unit of Volkswagen AG to delay several of the company's trials over excess emissions because of "inflammatory" comments made by a lawyer representing car owners that it fears will prejudice the jury.

U.S. short-term borrowing costs rise to highest since 2008

NEW YORK (Reuters) - Some of the U.S. government's short-term borrowing costs rose to their highest in more than nine years on Tuesday as it raised $179 billion in the Treasury securities market to fund spending and make debt payments.

Albertsons to buy Rite Aid as Amazon threat looms

(Reuters) - U.S. grocer Albertsons Cos Inc said it would buy drug store chain Rite Aid Corp to create a company with $83 billion in annual revenue, giving it more clout to compete with bigger chains in an industry fearing the entry of Amazon.Com .

Audi CEO rejects speculation about his future

BERLIN (Reuters) - Audi Chief Executive Rupert Stadler has rejected suggestions he is about to be ousted and believes he has the support of parent company Volkswagen , a German newspaper reported on Tuesday.

Xerox shareholders Icahn, Deason urge company to sell itself to rivals

(Reuters) - Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm.

BRIEF-Morningstar Q4 Earnings Per Share $0.91

* MORNINGSTAR, INC. REPORTS FOURTH-QUARTER, FULL-YEAR 2017 FINANCIAL RESULTS

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