Reuters - Daily Investor Update

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Wednesday, June 7, 2017

Wall Street gains on Comey relief; energy drops

NEW YORK (Reuters) - U.S. stocks edged up on Wednesday despite a sharp decline in energy shares after written testimony from former FBI director James Comey did not include any big surprise about an investigation into Russian meddling with last year's U.S. presidential election.

U.S. stocks, bond yields rise after Comey statement; oil plunges

NEW YORK (Reuters) - U.S. stocks and Treasury yields rose on Wednesday after the release of written testimony from ex-FBI chief James Comey, with investors looking ahead to his U.S. Senate appearance on Thursday, the same day as a British parliamentary vote and a European Central Bank meeting.

Ford offering short-term consumer auto leases through Canvas

DETROIT (Reuters) - Silicon Valley's latest mobility startup, a short-term vehicle leasing company called Canvas, is backed by old-school muscle: Ford Motor Credit Co, the dealer and consumer financing arm of U.S. automaker Ford Motor Co .

Exclusive: Apple makes iPhone screen fixes easier as states mull repair laws

SAN FRANCISCO(Reuters) - Hey Siri, where can I get my cracked iPhone screen fixed?

Exclusive: Loophole allows Uber to avoid UK tax, undercut rivals

LONDON (Reuters) - Car service Uber is using a gap in EU and UK tax rules to avoid incurring sales tax on the booking fees it charges drivers in Britain, a practice a senior politician said was unfair to competitors and defied the intent of the law.

Judge rules Uber must disclose key document in Waymo self-driving car case

SAN FRANCISCO (Reuters) - A magistrate judge has ruled that Uber Technologies Inc [UBER.UL] must hand over a key document that could shed light on what its executives knew about alleged theft of trade secrets from Alphabet Inc's Waymo self-driving car unit.

Boeing studies 'mild to wild' design for pivotal mid-market jet

CANCUN, Mexico (Reuters) - Boeing has looked at options "from mild to wild" for the design of a proposed mid-market jet, a senior executive said, hinting at a breakthrough that industry sources say will create building blocks for future models.

Facebook launches features to connect U.S. users to elected officials

WASHINGTON (Reuters) - Facebook Inc announced a set of three new features on Wednesday intended to boost civic engagement among users in the United States on its platform by connecting them more easily with their elected representatives.

Navistar posts loss on inventory charge; sees strong second half

(Reuters) - Navistar International Corp posted a quarterly loss, compared with a year-ago profit, partly due to a $60 million charge related to used-truck inventories and said it expected overall market conditions to improve in the second half.

Low-cost airlines shake up market for long haul flights

CANCUN, Mexico (Reuters) - Low-cost, long-haul air travel has taken off across the Atlantic, shaking a club of major airlines meeting in Mexico this week and forcing established flag carriers to set up budget subsidiaries or lower fares.