Tuesday, 24 July 2018

Daily Investor Update: Ivanka Trump shuts fashion line, to focus on White House role

Ivanka Trump shuts fashion line, to focus on White House role

U.S. President Donald Trump's oldest daughter, Ivanka Trump, said on Tuesday she is closing her fashion line to focus her energies on advising her father's White House.

Scooter companies ride high on hope and hype

Segway-Ninebot Group, a Beijing-based manufacturer of electric scooters, rolled into Los Angeles this week hoping to bolster its position as the main supplier for a new wave of well-funded scooter-rental startups and offer a peek at new battery-powered transit products.

Ford follows GM's Cruise move with self-driving spinoff

Ford Motor Co said on Tuesday it was creating a separate $4 billion unit to house its self-driving vehicle operations and is seeking outside investors, following a similar move in late May by Detroit rival General Motors Co with its Cruise Automation unit.

S&P, Dow rise as Alphabet results boost earnings optimism

The S&P 500 and Dow Industrials rose on Tuesday as Alphabet's blowout results bolstered expectations of a robust earnings season, though a decline in the Nasdaq pointed to lingering concerns over trade tensions.

Exclusive: Occidental Petroleum explores sale of pipeline assets - sources

Occidental Petroleum Corp is exploring a sale of its pipeline assets, hoping to fetch more than $5 billion and free up capital to invest in exploration and production as oil prices rebound, people familiar with the matter said on Tuesday.

U.S. safety board to hold hearing on fatal Southwest engine failure

The National Transportation Safety Board said on Tuesday it will hold an investigative hearing in November about a midair incident in April in which an engine on a Southwest Airlines Boeing 737 exploded over Pennsylvania, killing one passenger.

Harley-Davidson's profit beats estimates, shares rally

Harley-Davidson Inc's shares rallied on Tuesday after the motorcycle maker forecast a lower-than-expected hit to profit margins from President Donald Trump's trade tariffs and its quarterly earnings topped Wall Street estimates.

Biogen easily tops Street estimates on Spinraza sales, raises forecast

Biogen Inc reported far better-than-expected second quarter profit on Tuesday, driven by strong demand of its Spinraza muscle disease treatment, and the U.S. biotech company raised its full-year profit forecast.

Italy government delays, amends reform of small lenders

Italy's government agreed on Tuesday to delay a reform of small banks, slowing an overhaul planned by the former center-left government and backed by the European Central Bank.

U.S. to narrow opioid bribe case against Insys founder, others

U.S. prosecutors on Tuesday said they will narrow a case against several former Insys Therapeutics Inc executives accused of bribing doctors to prescribe a potent opioid after a federal judge questioned the scope of the indictment charging them.

Mexico, Latam allies commit to free trade amid Trump threats

Led by Mexico, major Latin American nations pledged to deepen commercial and economic ties on Tuesday as they sought to counter the risk of a deepening trade war sparked by U.S. President Donald Trump's "America First" policy.

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