Reuters - Daily Investor Update

Click to View in Browser

Friday, November 3, 2017

Storm losses reduce profit at Buffett's Berkshire

(Reuters) - Bad weather weighed on results at Warren Buffett's Berkshire Hathaway Inc , as losses from insurance claims tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in third-quarter profit.

World stocks gain on Apple lift, dollar strengthens on data

NEW YORK (Reuters) - World stock markets advanced for a seventh straight session and the dollar strengthened on Friday, buoyed by a round of U.S. economic data highlighted by the monthly payrolls report.

Indexes post record closing highs; Apple a boost

NEW YORK (Reuters) - A surge in shares of heavyweight Apple helped push up major Wall Street indexes on Friday, as investors also assessed a mixed U.S. labor market report.

Chipmaker Broadcom plans unsolicited bid for Qualcomm: source

(Reuters) - Broadcom Ltd is planning an unsolicited bid for smartphone chipmaker Qualcomm Inc with an offer possible as soon as this weekend, a source familiar with the matter said on Friday.

Apple firmly on course for $1 trillion valuation: analysts

(Reuters) - Apple Inc's shares rose to a record high on Friday as more analysts set a trillion-dollar valuation on the company, following a blowout fourth quarter and an upbeat forecast that quashed investor concerns around the iPhone X.

Wells Fargo faces lawsuits over mortgage and auto loans

(Reuters) - Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday.

CVS, Aetna aim to finalize deal as early as December: sources

NEW YORK (Reuters) - U.S. pharmacy operator CVS Health Corp and health insurer Aetna Inc are working toward finalizing merger terms and announcing a deal for more than $70 billion as early as December, according to people familiar with the matter.

U.S. job growth picks up; flat wages raise consumer spending worries

WASHINGTON (Reuters) - U.S. job growth accelerated in October after hurricane-related disruptions in the prior month, but wages grew at their slowest annual pace in more than 1-1/2 years in a sign that inflation probably will remain benign.

Apple sees strong holiday sales, smooth sailing for iPhone X

SAN FRANCISCO (Reuters) - Apple Inc on Thursday reported better-than-expected earnings and offered a rosy forecast for the holiday shopping season, allaying investor concerns about production delays on the new iPhone X and demonstrating remarkable strength across its growing line of products and services.

BMW recalling 1 million vehicles in North America

WASHINGTON (Reuters) - BMW AG said on Friday it is recalling about 1 million vehicles in North America for two separate issues involving fire risks and said it may expand the recalls to other countries.