Reuters Business Today: June 20, 2017

Click to View in Browser Tuesday, June 20, 2017 Wall St. falls on oil tumble, consumer sector and Fed worries (Reuters) - U.S. stocks closed lower on Tuesday as a sharp drop in oil prices hurt energy stocks and retail stocks were pulled down by concerns about Amazon.com's plan to boost its apparel business, while investors also worried about future Federal Reserve rate hikes. U.S. crude ends at nine-month lows on global oversupply NEW YORK (Reuters) - Oil fell about 2 percent on Tuesday, with Brent settling at seven-month lows and U.S. crude at its cheapest since September, after increased supply from several key producers overshadowed high compliance by OPEC and non-OPEC oil producers with a deal to cut global output. MSCI adds domestic Chinese stocks to global benchmark NEW YORK (Reuters) - U.S. index provider MSCI Inc said on Tuesday it will add domestic Chinese equities to its global emerging markets benchmark index. Uber to allow tips for drivers in reversal of longstanding policy SAN FRANCISCO (Reuters) - Uber said on Tuesday it will begin allowing drivers to collect tips through its smartphone app, part of the ride services company's broader effort to improve an often-contentious relationship. Adobe's Creative Cloud fuels profit beat, shares surge (Reuters) - Adobe Systems Inc reported a better-than-expected quarterly profit as the company benefited from more customers subscribing to its Creative Cloud package, which includes the popular photo-editing software Photoshop. FedEx reports quarterly profit (Reuters) - Package delivery company FedEx Corp reported a quarterly profit compared with loss in the year-ago period, boosted by higher sales across all its business units. Ford bets on low oil prices, moves Focus production to China DETROIT/WASHINGTON (Reuters) - Ford Motor Co said Tuesday it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable U.S.-China trade relations despite recent tensions. Boeing gets boost from United and lifts demand forecast PARIS (Reuters) - Boeing won a key endorsement from United Airlines for the latest model of its best-selling 737 on Tuesday and struck an upbeat tone by raising its 20-year industry demand forecast despite signs the pace of growth is slowing. Crisis-era fraud charges haunt Barclays as rivals move on LONDON (Reuters) - Criminal charges over Barclays' fundraising in the 2008 financial crisis add to the bank's legal battles in key markets just as rivals are leaving their troubles from that period behind. Toshiba to pick government-led Japan-U.S.-Korea group to buy chips unit-source TOKYO (Reuters) - Embattled Toshiba Corp will pick a Japanese government-led group of Japanese, U.S. and South Korean firms and funds to buy the conglomerate's semiconductor business, two people briefed on the matter said on Tuesday. Related Video Ford to ship Focus to U.S. from China McDonalds recruits on Snapchat Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook