Reuters - Daily Investor Update

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Thursday, November 2, 2017

Exclusive: Beleaguered Airbus looks outside for new sales chief

PARIS (Reuters) - Airbus has embarked on a fresh search for a sales chief to take over from soon-to-retire John Leahy as the aerospace group seeks a clean break from turmoil over investigations into the use of middlemen, said three people familiar with the plans.

S&P flat after tax cut plan; Dow climbs to record

(Reuters) - The Dow industrials climbed to a record high on Thursday while losses in Facebook kept the S&P 500 and the Nasdaq in check as investors assessed the long-awaited tax cut plan unveiled by U.S. President Donald Trump's fellow Republicans.

AIG swings to quarterly loss, adds $836 million to reserves

(Reuters) - American International Group Inc swung to a quarterly loss as the property and casualty insurer booked huge catastrophe losses, and said it set aside $836 million to meet losses related to prior-year accident claims.

CBS Corp reports 3 percent rise in quarterly revenue

(Reuters) - CBS Corp , owner of the most-watched U.S. TV network, reported 3 percent rise in third-quarter revenue, driven by higher affiliate and subscription fees.

Starbucks' Americas cafe sales rises less than expected, shares drop

(Reuters) - Starbucks Corp , the world's biggest coffee chain, posted a smaller-than-expected rise in quarterly sales at established cafes in the U.S.-dominated Americas region, sending its shares down more than 5 percent in afterhours trading.

Global stocks edge up after U.S. tax plan, Powell nomination; sterling drops

NEW YORK (Reuters) - World stock markets edged higher on Thursday, with Wall Street up slightly and the U.S. dollar modestly weaker after details of a Republican tax plan were released and the nomination of Jerome Powell as the new head of the Federal Reserve.

Game-maker Activision Blizzard's holiday-quarter forecasts disappoint

(Reuters) - Activision Blizzard Inc on Thursday became the second videogame publisher after Electronic Arts to forecast revenue below Street estimates for the all-important holiday sales quarter as a slew of title releases heats up competition.

U.S. and AT&T discuss conditions for approval of Time Warner deal

WASHINGTON (Reuters) - AT&T Inc and the U.S. Department of Justice are discussing conditions the No. 2 wireless carrier needs to meet in order for its acquisition of Time Warner Inc to win government antitrust approval, sources familiar with the situation told Reuters on Thursday.

Powell rose to top of Trump's list as safe, savvy choice for Fed

WASHINGTON/NEW YORK (Reuters) - Jerome Powell was not on President Donald Trump's early radar as a possible successor to Federal Reserve Chair Janet Yellen and was angling instead for a job as the U.S. central bank's vice chair for supervision.

Trump nominates Fed's Powell to lead U.S. central bank

WASHINGTON (Reuters) - President Donald Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank, promoting a soft-spoken centrist to replace Janet Yellen when her term expires in February 2018.