Monday, 1 October 2018

Daily Investor Update: Trump says trade pact with Canada, Mexico will support U.S. jobs

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Trump says trade pact with Canada, Mexico will support U.S. jobs

U.S. President Donald Trump on Monday said a new free trade agreement with Canada and Mexico would support hundreds of thousands of U.S. jobs, marking it as a victory in his push to reshape the lines of global commerce.

Tesla's SEC deal provides ammunition for U.S. probe, investor lawsuits

Tesla Inc's settlement with U.S. regulators will help soothe investors calling for more oversight of Chief Executive Elon Musk, experts said, even as it gives ammunition to short-sellers pursing separate cases and to a probe by the Justice Department.

Tesla shares jump on Model 3 numbers, Musk deal

Shares of Tesla Inc jumped by almost 18 percent on Monday as Chief Executive Elon Musk settled a lawsuit that had threatened to force him out and said a surge in third-quarter production had driven it to the verge of profitability.

Canada, buoyed by trade deal, to push U.S. on metal tariffs

Canada, buoyed by a last-minute continental trade deal it sealed with the United States and Mexico, is pressing Washington to remove steel and aluminum tariffs, senior Canadian officials said on Monday.

Cash, cuts and confusion; Trade deal spurs Canadian dairy fears

Canada's dairy concessions to the United States helped secure a hard-won trade deal, but they spurred talk on Monday of compensation, confusion and curtailed milk production, as a protectionist system faces new threats.

DaVita unit to pay $270 million to resolve Medicare payments probe

A medical care unit of DaVita Inc has agreed to pay $270 million to resolve claims it provided inaccurate information about patients that caused Medicare Advantage plans operated by private insurers to obtain inflated payments from the government.

NAFTA replacement deal lifts Wall Street

Wall Street kicked off the fourth quarter on a positive note on Monday, as a last-minute deal to salvage NAFTA as a trilateral pact helped ease trade concerns.

Vedanta shareholders back London delisting amid protest

Shareholders in Vedanta Resources, the UK arm of Indian miner Vedanta, on Monday backed the delisting of the company from London, where the miner has faced protests and legal action.

General Electric replaces CEO with outsider, shares soar

General Electric Co ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly $23-billion charge to write off goodwill in its power division, primarily from a large 2015 acquisition.

GE's long share price decline claims another casualty

While John Flannery's tenure at the helm of General Electric was far shorter than that of his predecessor Jeff Immelt, the two former chiefs have one thing in common: They both presided over a sharp drop in GE shares.

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