Reuters - Daily Investor Update

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Wednesday, April 5, 2017

Stocks, dollar turn negative after Fed minutes

NEW YORK (Reuters) - U.S. stocks turned negative and the dollar slipped on Wednesday after minutes from the Federal Reserve showed planned changes in its bond investment policy, reversing a rally spurred by a strong jobs report earlier in the day.

Wall Street ends down after Fed minutes

NEW YORK (Reuters) - U.S. stocks ended lower after a late afternoon reversal on Wednesday following signals from the Federal Reserve that it could change its bond investment policy this year, quenching a rally sparked by a strong private sector jobs report.

Exclusive: Rockwell to win EU approval for B/E Aero takeover - sources

BRUSSELS (Reuters) - U.S. aircraft component maker Rockwell Collins is set to gain unconditional EU approval for its $6.4 billion bid for aircraft interior maker B/E Aerospace , two people familiar with the matter said on Wednesday.

Most Fed policymakers see change to balance sheet policy 'later this year': minutes

WASHINGTON (Reuters) - Most Federal Reserve policymakers think the central bank should take steps to begin trimming its $4.5 trillion balance sheet later this year as long as the economic data holds up, minutes from their last meeting showed.

Leon Cooperman seeks appeal that could end SEC insider trading case

(Reuters) - The billionaire hedge fund manager Leon Cooperman has asked a federal judge for permission to immediately appeal a ruling that, if overturned, could spell the end of the U.S. Securities and Exchange Commission's insider trading case against him.

Chevron pivots to Permian shale as mega-project era fades

HOUSTON (Reuters) - Nearly a century after Chevron Corp amassed the No. 2 stake in America's largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company's vast Permian Basin holdings.

U.S. rates futures pare losses after FOMC minutes

NEW YORK (Reuters) - U.S. short-term interest rates futures briefly pared earlier losses on Wednesday after the release of the Federal Reserve's minutes from its March 14-15 policy meeting which showed most policymakers think the Fed should take measures to reduce its $4.5 trillion bond holdings.

Krispy Kreme-owner JAB to buy bakery chain Panera Bread

(Reuters) - JAB Holdings, the owner of Caribou Coffee and Krispy Kreme Doughnuts, said on Wednesday it would buy bakery chain Panera Bread Co for $7.2 billion, as it expands its coffee and breakfast empire through the biggest-ever U.S. restaurant deal.

Boeing forms venture group, invests in two tech startups

SEATTLE (Reuters) - Boeing Co said on Wednesday it had launched a venture capital arm and invested in two tech startups, a fresh sign of the importance big companies see in keeping up with rapidly evolving technology for designing and making products.

Apple aims for more control, less cost as it accelerates in chip design

SAN FRANCISCO (Reuters) - Apple Inc's decision to stop licensing graphics chips from Imagination Technologies Group Plc is the clearest example yet of the iPhone maker's determination to take greater control of the core technologies in its products - both to guard its hefty margins and to position it for future innovations, especially in so-called augmented reality.