Reuters - Daily Investor Update

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Wednesday, October 18, 2017

EBay reports 8.7 percent rise in quarterly revenue

(Reuters) - EBay Inc reported an 8.7 percent increase in quarterly revenue on Wednesday as revamps to its e-commerce platforms helped attract more customers.

AmEx profit rises 19 percent on loan growth

(Reuters) - Credit card issuer American Express Co reported about 19 percent jump in quarterly profit as higher billings and loan growth helped offset a jump in costs.

IBM catapults Dow Industrials over 23,000

NEW YORK (Reuters) - The Dow Jones Industrial Average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth.

Ford to recall 1.34 million trucks in North America for door latch fix

WASHINGTON (Reuters) - Ford Motor Co said on Wednesday it would recall 1.34 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million.

U.S. SEC charges Rio Tinto, former top executives with fraud

SYDNEY/NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars.

Billionaire Branson targeted in $5 million scam 'straight out of le Carre'

LONDON (Reuters) - Richard Branson, billionaire founder of the Virgin group, has revealed he was targeted by a fraudster posing as Britain's defense minister who tried to get him to contribute $5 million to a supposed secret ransom payment.

Stocks rise on earnings; yields up as monetary policy in focus

NEW YORK (Reuters) - Wall Street again posted record highs on Wednesday, driven by strong earnings, and Treasury yields rose as investors focused on monetary policy, but the dollar slipped to snap a four-day rally.

Viacom, Charter deal to include eight networks in basic package: source

(Reuters) - Viacom Inc and Charter Communications Inc have agreed to a distribution deal that puts eight of Viacom's most popular networks in Charter's cheapest U.S. cable bundle, a source told Reuters on Wednesday.

Danone CEO assumes dual leadership role as chairman Riboud steps down

PARIS (Reuters) - Danone veteran Franck Riboud is stepping down as chairman, with Chief Executive Emmanuel Faber taking on both top roles in a move the French group said would ensure continuity in its strategy of focusing on the health-food sector.

Native American tribe holding patents sues Amazon and Microsoft

(Reuters) - A Native American tribe sued Amazon.com Inc and Microsoft Corp in federal court in Virginia on Wednesday for infringing supercomputer patents it is holding for a technology firm.