Wednesday 22 November 2017

Daily Investor Update: Wall St. flat ahead of holiday; ISPs rise on net neutrality bets

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Wednesday, November 22, 2017
Wall St. flat ahead of holiday; ISPs rise on net neutrality bets
NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday, with telecom services shares among the biggest movers while the energy sector rose in line with gains in crude oil.
Broadcom considering sweetened Qualcomm bid: sources
(Reuters) - Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc by offering more of its own stock, following consultation with several of Qualcomm's top shareholders, according to people familiar with the matter.
Stocks scale record high, crude oil gains
NEW YORK (Reuters) - A gauge of global equity performance scaled fresh record highs on Wednesday, propelled by bullish growth and company earnings outlooks, while crude oil prices rose to more than two-year highs.
ITC to probe Caterpillar patent allegations against German firms
WASHINGTON (Reuters) - The U.S. International Trade Commission said on Wednesday it had launched an investigation into allegations that German manufacturers Wirtgen GmbH and Joseph Voegele AG infringe on patents held by Caterpillar Inc .
Fed policymakers say rate increase likely warranted soon: minutes
WASHINGTON, Nov 22 (Reuters) - Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the U.S. central bank's last policy meeting released on Wednesday.
Exclusive: SAP investigating its sales practices in Gulf region
DUBAI/LONDON (Reuters) - German business software giant SAP , which last month said its South African sales commissions were being probed by U.S. regulators, has launched an investigation into its business practices in the Gulf region, it said on Wednesday.
Tech still hedge funds' sweetheart sector: Goldman Sachs
LONDON (Reuters) - Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favored areas of the market.
Uber breach, cover-up trigger government probes around the globe
TORONTO (Reuters) - Governments around the globe launched investigations into Uber Technologies Inc [UBER.UL] after the company disclosed it had covered up a breach that exposed data on millions of customers and drivers, the latest scandal to rock the ride-hailing firm.
Peter Thiel sells most of remaining Facebook stake
(Reuters) - Facebook Inc's first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed.
Regulators to press Uber after it admits covering up data breach
TORONTO/SAN FRANCISCO (Reuters) - Struggling ride-hailing firm Uber [UBER.UL] faces a fresh regulatory crackdown after disclosing it paid hackers $100,000 to keep secret a massive breach last year that exposed personal data from around 57 million accounts.
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