Reuters - Daily Investor Update

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Friday, July 21, 2017

Dollar slide deepens, world stocks' hot streak ends

NEW YORK (Reuters) - The weakening U.S. dollar fell to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. President Donald Trump's domestic agenda, while a global gauge of stocks snapped a 10-session streak of gains.

Wall Street dips as GE, energy shares weigh

NEW YORK (Reuters) - U.S. stocks ticked lower on Friday as weak earnings from industrial giant General Electric weighed, while tech shares retreated from record highs and energy tracked the price of oil lower.

Wells Fargo ordered to pay $575,000, reinstate whistleblower

(Reuters) - The U.S. Department of Labor on Friday ordered Wells Fargo & Co to pay $575,000 and to rehire a whistleblower the bank had dismissed in September 2011 after the former employee raised concerns over the opening of customer accounts without their knowledge, the agency said in a statement.

Ford to petition to avoid U.S. recall of 2.5 million vehicles

WASHINGTON (Reuters) - Ford Motor Co will petition to avoid a U.S. recall of about 2.5 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, U.S. regulators and the automaker said on Friday.

Oil dives about 2.5 percent; OPEC crude output rise forecast

NEW YORK (Reuters) - Oil prices slid on Friday, settling about 2.5 percent lower after a consultancy forecast a rise in OPEC production for July despite the group's pledge to curb output, reigniting concerns the global market will stay awash with crude.

Honeywell beats profit estimates, lifts full-year forecasts

(Reuters) - Honeywell International Inc reported a better-than-expected quarterly profit, as sales in its aerospace unit and the business that caters to the energy industry were not as bad as it had feared.

Crimean scandal prompts Siemens to retreat from Russian energy

FRANKFURT/MOSCOW (Reuters) - Germany's Siemens tried to distance itself from a Crimean sanctions scandal on Friday, halting deliveries of power equipment to Russian state-controlled customers and reviewing supply deals.

Kremlin says to keep mum on Siemens' Russia retreat over Crimea scandal

MOSCOW (Reuters) - The Kremlin said on Friday it did not want to make any comment on a decision by Germany's Siemens to halt deliveries of power equipment to Russian state-controlled customers after a Crimean sanctions scandal.

Russia to press ahead with Crimea power plants despite Siemens row: RIA

MOSCOW (Reuters) - Russia will press ahead with plans to build two new power stations in Crimea despite a dispute with German industrial group Siemens, Andrei Cherezov, a Russian deputy energy ministry, said on Friday, the RIA news agency reported.

Democrats in U.S. Congress urge review of Amazon's Whole Foods deal

WASHINGTON (Reuters) - A group of Democrats in Congress urged the U.S. Department of Justice and Federal Trade Commission in a letter this week to conduct a more in-depth review of online retailer Amazon.com Inc's plan to buy grocer Whole Foods Market Inc.