Tuesday, 31 July 2018

Daily Investor Update: Einhorn's Greenlight is trying to end fund losses: letter

Reuters.com Newsletter

Einhorn's Greenlight is trying to end fund losses: letter

Billionaire investor David Einhorn, whose Greenlight Capital lost 18.3 percent in the first six months of the year, told clients on Tuesday he has been trying to repair the damage.

L.A. prosecutors decline to pursue sex abuse charges against CBS CEO Moonves

Los Angeles prosecutors said on Tuesday that they had declined to pursue three accusations of sexual abuse against CBS Corp Chief Executive Les Moonves dating back to the 1980s because the statute of limitations had expired.

MGM Resorts signs sports betting agreement with NBA

MGM Resorts International said on Tuesday it signed an agreement with the NBA to become the basketball league's first sports betting partner.

Equities inch higher on U.S.-China talks report

Stock markets edged up globally on Tuesday on a report that the United States and China were seeking to resume talks to defuse a budding trade war, while the dollar rose against the yen after the Bank of Japan said it intends to keep interest rates low.

China will strive to hit growth target despite trade tensions with U.S.

China will keep its economic growth within a reasonable range and achieve this year's target despite challenges, the state-run Xinhua news agency said on Tuesday as a trade war with the United States intensifies.

Wall St. rebounds, led by industrials, tech

U.S. stocks bounced back on Tuesday as industrial and technology stocks pulled the market higher on news of a possible easing of tariff tensions between the United States and China.

Chipotle slumps 9 percent after Ohio outlet linked to food poisoning complaints

More than 100 people said they had fallen sick after eating at a Chipotle Mexican Grill Inc restaurant in Ohio, sending shares of the burrito chain down as much as 9 percent on Tuesday.

Cummins to recall 500,000 U.S. trucks over faulty emissions part

Cummins Inc has agreed to recall about 500,000 medium- and heavy-duty trucks in the United States to correct a faulty emissions control system in the engines it made for the trucks, the U.S. Environmental Protection Agency said on Tuesday.

Pfizer CEO expects Trump to eliminate drug rebates

Pfizer Inc Chief Executive Ian Read said on Tuesday he believes the Trump administration intends to stop the practice of allowing rebates on prescription drug purchases, suggesting that U.S. drug pricing reforms may focus on middlemen rather than drugmakers.

Pfizer CEO believes U.S. will eliminate rebates on prescription drugs

Pfizer Inc Chief Executive Ian Read said on Tuesday that he believes the Trump administration intends to eliminate rebates on prescription drug purchases, but he does not know how quickly such a policy could be implemented.

UPDATE 1-Mexico still preparing for U.S. car tariffs, backs WTO reform

Mexico is still preparing all options to respond to possible U.S. tariffs on car imports, Deputy Economy Minister Juan Carlos Baker said on Tuesday, despite U.S.-European talks last week that were supposed to have seen off the immediate threat.

Related Videos

Breakingviews TV: The PE dilemma

Pfizer profit jumps on rising revenue

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS