Reuters - Daily Investor Update

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Monday, December 18, 2017

Boeing-Bombardier trade dispute heats up at U.S. hearing

WASHINGTON (Reuters) - Boeing Co and Bombardier Inc went head to head on Monday over the U.S. planemaker's claim that its Canadian rival used billions of dollars in illegal government subsidies to dump its newest jetliner in the United States at below cost.

Wall Street at fresh record highs with tax revamp in sight

NEW YORK (Reuters) - Wall Street closed at record highs amid sustained optimism about the likelihood of lower corporate tax rates as the Republican tax bill moved closer to passage.

CSX stock stabilizes after CEO death; investors seek turnaround clarity

(Reuters) - CSX Corp's stock stabilized on Monday in a sign of confidence that acting Chief Executive Officer Jim Foote can steer the No. 3 U.S. railroad in the short term, but analysts said longer term a more experienced executive will be needed to implement the complex turnaround plan begun by deceased CEO Hunter Harrison.

Italy's Monte dei Paschi names new chairwoman to help steer recovery

SIENA, Italy (Reuters) - Italy's fourth-biggest bank Monte dei Paschi di Siena , rescued from the brink of collapse by a state bailout, has named a new chairwoman and board to help steer a course to recovery.

Global stocks peak as U.S. tax vote nears, dollar droops

NEW YORK (Reuters) - Global stock markets rose to new highs on Monday as U.S. Republican lawmakers moved closer to passing tax-cut legislation, while the dollar slid on concerns about the bill's impact on economic growth and interest rates.

To thwart Amazon, Kroger and Walmart lure shoppers with curbside pickup

LOS ANGELES (Reuters) - As Amazon.com looks to upend the U.S. grocery market with home delivery, some veteran supermarket operators are betting on a different strategy: curbside pickup. Americans have long loved the convenience of drive-through service for burgers and coffee. Kroger Co and Walmart Inc are tweaking that formula for groceries.

BMW electric cars hit 100,000 sales target

BERLIN (Reuters) - BMW said on Monday it had hit its target of selling 100,000 electric cars this year around the world, benefiting from strong demand in western Europe and the United States for models such as the i3 and the 2-series plug-in hybrid Active Tourer.

EU regulators to investigate Ikea's Dutch tax deals

BRUSSELS (Reuters) - EU competition regulators will investigate whether Swedish furniture retailer Ikea's [IKEA.UL] tax arrangements with the Netherlands which cut its tax bill in a way which amounted to state aid, as the authorities seek to crack down on unfair tax deals between multinationals and EU countries.

Hershey, Campbell bet nearly $6 billion on healthy snacks makers

(Reuters) - Campbell Soup Co and Hershey Co on Monday unveiled deals totaling nearly $6 billion to buy healthy packaged snacks makers, the latest example of big U.S. food companies trying to cater to an increasing American preference for healthy foods.

GM urges judge to throw out disputed ignition switch deal

(Reuters) - Lawyers for General Motors on Monday urged a federal bankruptcy judge in Manhattan to throw out a settlement that would require the company to pay $1 billion to car owners suing over faulty ignition switches.