Tuesday 6 November 2018

Stocks gain, dollar flat as U.S. elections prompt investor caution

Reuters.com Newsletter

Stocks gain, dollar flat as U.S. elections prompt investor caution

U.S. shares rose on Tuesday while the dollar held steady as Americans went to the polls in elections that could shift the balance of power in Congress.

Wall Street gains as investors look to U.S. elections

Wall Street's major indexes closed higher on Tuesday as voters headed to the polls in U.S. midterm congressional elections and investors hoped the result would provide some relief for stocks after prolonged uncertainty.

China's Tencent builds self-driving car team in Silicon Valley

Chinese technology company Tencent Holdings Ltd is recruiting self-driving car engineers in Palo Alto, California, joining a crowded field of corporations vying for talent in the heart of Silicon Valley.

Wendy's North America same-restaurant sales miss estimates

Wendy's Co missed Wall Street expectations for quarterly sales at its established outlets in North America on Tuesday, as the burger chain struggled to lure diners in a fiercely competitive U.S. fast-food industry.

Papa John's North America comparable sales decline smaller-than-expected

Papa John's International Inc on Tuesday reported a smaller-than-expected decline in quarterly comparable sales in North America, helped by a new advertisement campaign and rebranding efforts amid an ongoing dust-up with its founder John Schnatter.

Amazon plans to split second headquarters in two cities: sources

Amazon.com Inc is planning to split its second headquarters evenly between two cities, people familiar with the matter said Monday, in a twist to a more than year-long contest that has drawn overtures from locales across North America.

Chairman of BlackRock's German arm orders investigation cooperation

Friedrich Merz, chairman of the German arm of BlackRock , the world's biggest fund manager, said he had ordered the fund's management board to fully investigate all incidents involving so-called cum ex transactions and cooperate with prosecutors.

Royal Jordanian CEO says manufacturers in 'head-to-head race' for new jet order

Royal Jordanian expects to decide in the first quarter next year on an order for over 20 narrow-body aircraft, the Middle East airline's chief executive said on Tuesday.

Thomson Reuters eyes 'substantive' purchases after Blackstone deal

Thomson Reuters Corp is looking to make "substantive" acquisitions to boost its legal and tax units after selling a majority stake in its financial terminal business, Chief Executive Jim Smith said on Tuesday.

Wells Fargo says internal error caused more home foreclosures than expected

Wells Fargo & Co said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected.

SpaceX seeks $750 million leveraged loan

NEW YORK (LPC) - Elon Musk's Space Exploration Technologies Corp, known as SpaceX, is looking to line up a $750 million leveraged loan, sources said.

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