Thursday 30 May 2019

Daily Investor Update: WarnerMedia joins Disney, Netflix in reconsidering Georgia business over abortion law

Reuters.com Newsletter

WarnerMedia joins Disney, Netflix in reconsidering Georgia business over abortion law

WarnerMedia on Thursday became the third major U.S. media company to say it would reconsider working in Georgia if a new law banning abortions after a fetal heartbeat can be detected takes effect, following Walt Disney Co and Netflix.

Wall St. slump continues on U.S.-China trade uncertainty

U.S. stocks lost ground again on Thursday, as conflicting comments on trade talks from President Donald Trump and Beijing reinforced investor nervousness that a lengthy battle could be in the offing and harm global growth.

NBCUniversal says abortion laws would 'strongly impact' decision on where it films

Comcast Corp's NBCUniversal said if anti-abortion laws in various U.S. states are upheld, it would "strongly impact" where it produces films and television shows in the future.

GE's CEO 'stunned' that factory efficiency drive only just started

General Electric Co's chief executive said on Thursday he was "really stunned" to learn that a major factory had only recently started using lean manufacturing techniques.

Oil falls to two-mth lows on small U.S. crude stock draw, trade war worries

Oil prices fell almost 4% to their lowest in over two months on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war.

Equities advance after week-long selloff, bond yields steady

World stock markets climbed for the first time this week on Thursday, giving pause to a multiday selloff on fears of an escalating trade war between the United States and China that has pushed investors into safe-haven bonds and the U.S. dollar.

Juul considers opening retail stores in United States: source

Juul Labs Inc is considering opening retail stores in the United States, a source familiar with the matter said on Thursday, a move that would help the controversial company cash in on the booming popularity of its e-cigarettes.

T-Mobile, Sprint considering divesting wireless spectrum: sources

U.S. wireless carriers T-Mobile US Inc and Sprint Corp are considering divesting wireless spectrum, according to two sources familiar with the matter, as the companies work to gain regulatory approval for their merger.

CBS board plans merger talks with Viacom: CNBC

Shares of Viacom Inc jumped nearly 6% on Thursday on a report that CBS Corp's board is preparing for merger talks with the media company.

Disney CEO says it will be 'difficult' to film in Georgia if abortion law takes effect

Walt Disney Co Chief Executive Bob Iger told Reuters on Wednesday it would be "very difficult" for the media company to keep filming in Georgia if a new abortion law takes effect because many people will not want to work in the U.S. state.

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