Reuters Daily Investor Update: September 18, 2017

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Monday, September 18, 2017

Toy companies' shares fall on concerns of Toys 'R' Us bankruptcy

(Reuters) - Shares of U.S. toy companies Mattel Inc and Hasbro Inc fell on Monday on concerns that retailer Toys "R" Us, a major customer, could be filing for bankruptcy before the holiday sales season.

Wall St. edges higher, led by financials

NEW YORK (Reuters) - The S&P 500 clung to a small gain on Monday, led by financial stocks ahead of a Federal Reserve meeting, while Nasdaq pared gains sharply as technology stocks lost ground late in the day.

Chipotle slides as customers turn up nose at cheese dip

SAN FRANCISCO (Reuters) - Shares of Chipotle Mexican Grill sank 3 percent on Monday as customers on social media turned up their noses at the burrito seller's new "queso" cheese topping.

Global stocks, dollar rise as investors turn eyes to Fed

NEW YORK (Reuters) - A world stock index was up slightly on Monday and the dollar rose to a more-than seven-week peak against the yen as investors awaited clues from the U.S. Federal Reserve on the timing of further rate hikes and tensions over North Korea eased.

Northrop Grumman to buy missile maker Orbital for $7.8 billion

(Reuters) - U.S. defense contractor Northrop Grumman Corp said on Monday it would buy Orbital ATK Inc for about $7.8 billion, getting access to lucrative government contracts and expanding its arsenal of missile defense systems and space rockets.

Honda invests $267 million, to add 300 jobs for new Accord model

DETROIT (Reuters) - Honda Motor Co Ltd said on Monday its has invested $267 million and will add 300 new jobs to support increased production of its revamped 2018 Accord sedan model at the Japanese automaker's plant in Marysville, Ohio.

KPMG South Africa under fire for withdrawing tax agency report

PRETORIA (Reuters) - South Africa's tax agency on Monday accused KPMG of "unethical" and "unlawful" behavior in withdrawing a report that suggested the former finance minister ran a rogue unit to spy on political leaders.

Ryanair CEO takes rap for costly cancellations 'cock up'

DUBLIN (Reuters) - Ryanair boss Michael O'Leary admitted on Monday to a "cock up" over pilot shortages that led him to cancel flights and disrupt the plans of hundreds of thousands of travelers in his bid to improve the budget airline's punctuality.

Ryanair CEO vows damaging cancellation 'mess' will not happen again

DUBLIN (Reuters) - Ryanair's decision to cancel flights for the next six weeks to cope with a backlog of staff leave would not recur next year but had clearly caused reputational damage, chief executive Michael O'Leary said on Monday.

Ryanair CEO says cancellations won't help forward bookings

DUBLIN (Reuters) - Ryanair Chief Executive Michael O'Leary said he was sure a series of flight cancellations would not help future bookings at the airline that were till now two percent up on a year ago.

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