Bhinneka News Online: Daily Investor Update: GE shares stumble to worst week since financial crisis

Friday 19 January 2018

Daily Investor Update: GE shares stumble to worst week since financial crisis

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Friday, January 19, 2018

GE shares stumble to worst week since financial crisis

NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.

Wall Street ends higher despite government shutdown threat

NEW YORK (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.

Archer Daniels has made takeover approach to Bunge: WSJ

(Reuters) - Agricultural trader Archer Daniels Midland Co made a takeover approach to rival Bunge Ltd , the Wall Street Journal reported on Friday, citing people familiar with the matter. http://on.wsj.com/2mSY8L0

FTC set to make second request on Broadcom's bid for Qualcomm: sources

(Reuters) - The U.S. Federal Trade Commission is set to make a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm Inc , people familiar with the matter said on Friday, indicating heightened antitrust scrutiny.

Equities climb as shutdown looms, Treasury yields hit three-year high

NEW YORK (Reuters) - World equity markets scaled to a record on Friday as the U.S. dollar languished near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury yields continued their ascent to hit their highest levels since September 2014.

Fed's Quarles details steps to ease rules from Volcker to stress tests

WASHINGTON (Reuters) - A top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary trading and a process known as "living wills" that aims to prevent taxpayer bailouts.

Delaware sues opioid manufacturers, distributors over epidemic

(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making, distributing and selling prescription painkillers.

Delta Air to tighten rules for onboard service animals

NEW YORK (Reuters) - Delta Air Lines is tightening the requirements for passengers traveling with onboard service and emotional support animals, the carrier said on Friday, following a sharp uptick in pet-related safety issues in recent years.

Judge tosses GM settlement on ignition switch

NEW YORK (Reuters) - A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co to pay $1 billion in stock to car owners suing the company over faulty ignition switches was not enforceable.

Nike at two-year high as analysts tout margin benefits of direct sales

(Reuters) - Nike Inc's shares surged to a two-year high on Friday after two Wall Street brokerages said the footwear maker's profitability would soon reap the benefits of its recent move to sell directly to consumers.