Reuters Daily Investor Update: August 10, 2017

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Thursday, August 10, 2017

Snap posts lower-than-expected daily active users, shares drop

(Reuters) - Snap Inc reported a lower-than-expected number of daily active users for Snapchat, its popular messaging app, for the second quarter as the company grapples with stiff competition from Facebook Inc, sending its shares down about 6 percent in extended trading.

Uber investor sues to force former CEO Kalanick off board

(Reuters) - Venture capital firm Benchmark Capital is suing former Uber Chief Executive Officer Travis Kalanick to force him to leave the board of the ride services company and rescind his ability to fill three board seats, according to a copy of the lawsuit obtained by news website Axios.

Nordstrom reports better-than-expected comparable sales

(Reuters) - Nordstrom Inc reported better-than-expected quarterly same-store sales on Thursday as more people shopped at the apparel retailer's online stores, sending shares up 2.5 percent after the bell.

S&P 500 falls 1.4 percent in biggest one-day drop since May

NEW YORK (Reuters) - The S&P 500 index ended Thursday with its biggest one-day drop since May 17 as investors fled riskier assets in response to an exchange of threats between the United States and North Korea.

Exclusive: Husky hires Goldman Sachs for $4 billion sale - sources

(Reuters) - Husky Injection Molding Systems Ltd, a Canadian supplier of injection molding equipment to the global plastics industry, has hired investment bank Goldman Sachs Group Inc to explore a sale that it hopes could value it at close to $4 billion, including debt, according to people familiar with the matter.

Exclusive: Amazon in talks to offer event ticketing in U.S.- sources

NEW YORK/SAN FRANCISCO (Reuters) - Amazon.com Inc is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster's powerful grip on the lucrative ticketing business.

Wells Fargo likely to appoint former community banker to head board: WSJ

(Reuters) - Betsy Duke, a former Federal Reserve official and community banker from Virginia, is likely to become chairwoman of the board of Wells Fargo & Co , investors, analysts and two people with knowledge of board discussions told Reuters.

Oil slides on worries about global crude glut, Wall Street slump

NEW YORK (Reuters) - Oil prices fell more than 1.5 percent on Thursday, as a bruising day on Wall Street bolstered fears of slowing demand amid lingering concerns over a global oversupply of crude.

Macy's, Kohl's sales declines raise turnaround concerns

(Reuters) - Shares of department store chains Macy's Inc and Kohl's Corp tumbled on Thursday as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnaround may still be a long way off.

Uber's Graves stepping down from full-time job, stays on board

SAN FRANCISCO (Reuters) - Ride services company Uber Technologies Inc's [UBER.UL] head of operations, Ryan Graves, a long-time ally of former chief executive Travis Kalanick, is stepping down from his full-time job at the company, according to a copy of a letter from Graves seen by Reuters.

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