Reuters - Daily Investor Update

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Wednesday, November 8, 2017

Twenty-First Century Fox's quarterly revenue beats Street

(Reuters) - Twenty-First Century Fox Inc's quarterly revenue topped market estimates on Wednesday as higher advertising sales and revenue from traditional and online distributors boosted its cable business.

Wall Street hits high score as videogame makers rally

(Reuters) - Wall Street closed at a record high on Wednesday as videogame makers rallied and Apple's market value climbed above $900 billion.

Bitcoin hits record high after developers suspend plans to 'fork' currency

NEW YORK/LONDON (Reuters) - Bitcoin hit a record high just shy of $8,000 on Wednesday after a coalition of developers and investors suspended a software upgrade planned for next Thursday that could have split the digital currency in two.

Competition, hurricanes dampen Wendy's results, forecast

(Reuters) - Wendy's Co reported lower-than-expected quarterly profit and sales as increased competition, lower grocery prices and hurricanes hit traffic at restaurants, leading the burger chain to cut its full-year adjusted earnings per share forecast.

U.S. Justice Department mulls limits on overlapping corporate penalties

WASHINGTON (Reuters) - The U.S. Justice Department is exploring ways to prevent multiple law enforcement agencies from slapping companies with corporate penalties over the same underlying misconduct, a senior official said on Wednesday.

U.S. demands CNN or DirecTV sale to approve AT&T/Time Warner deal: sources

NEW YORK/WASHINGTON (Reuters) - The U.S. Department of Justice is pushing AT&T Inc to sell Turner Broadcasting, parent of CNN cable network, or its DirecTV satellite television unit to satisfy antitrust concerns over its purchase of Time Warner Inc , sources told Reuters on Wednesday.

Turboprop maker ATR clinches U.S. comeback with FedEx order

PARIS (Reuters) - ATR, the world's largest maker of regional turboprop planes, on Wednesday announced an order from FedEx Express for at least 30 newly designed 72-600F freighter models, sealing its return to the lucrative U.S. market for the first time in over two decades.

Volkswagen has still not fixed one in three dieselgate cars in Britain

LONDON (Reuters) - Volkswagen has yet to fix around 390,000 of the 1.2 million cars affected by the diesel emissions scandal in Britain, over two years since the revelations first came to light, according to a parliamentary committee.

ConocoPhillips vows financial discipline as it aims to boost output

NEW YORK (Reuters) - ConocoPhillips said on Wednesday it will boost oil and natural gas output for the rest of the decade but vowed it would do so only when it was financially prudent and that it would strictly adhere to shareholder returns.

Airbus eyes Canadian military deal, further cooperation with Bombardier

OTTAWA/MONTREAL (Reuters) - Airbus SE could cooperate further with Bombardier Inc beyond a recent venture in the CSeries jets, if its fighter jet is permitted to compete in a Canadian military procurement, and its partners agree, an executive said on Wednesday.