Reuters - Daily Investor Update

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Tuesday, March 28, 2017

Wall Street posts sharp gains, fueled by strong consumer data

(Reuters) - U.S. stocks ended sharply higher on Tuesday, with financial and energy shares surging as data showed U.S. consumer confidence soaring to a more than 16-year high.

Westinghouse a 'concern' for U.S. and potential national security: U.S. official

WASHINGTON (Reuters) - The possible bankruptcy of U.S. nuclear developer Westinghouse Electric Co is a "concern" for the Trump administration and is a potential national security issue, an official of the U.S. administration told Reuters on Tuesday.

MoneyGram bidder Euronet ramps up fight to stop Chinese rival's bid

WASHINGTON (Reuters) - Euronet Worldwide Inc ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc , urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises "significant national security risks."

U.S. hospital shares drop as Republicans weigh healthcare repeal

NEW YORK (Reuters) - U.S. hospital stocks dropped on Tuesday as Republicans in the U.S. House of Representatives said they were considering a renewed push to repeal and replace Obamacare, after the effort failed last week.

GM rebuffs two-class share plan from Einhorn's Greenlight Capital

(Reuters) - General Motors Co on Tuesday rejected a proposal by billionaire investor David Einhorn to split its common stock into two classes to help boost its share price.

Uber diversity report shows shortage of women, minorities

(Reuters) - Uber Technologies Inc released its first diversity report on Tuesday, showing that women and non-white employees are underrepresented at the ride-services company - just as they are at many other technology firms.

Trump applauds Ford's previous planned investment in Michigan plants

DETROIT/WASHINGTON (Reuters) - Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. President Donald Trump touted a "major investment" by the automaker on Twitter.

Volkswagen supervisory board backs Stadler, top managers

BERLIN (Reuters) - Volkswagen's supervisory board gave its backing on Tuesday to Audi's chief executive and other senior managers, after raids by German prosecutors related to the emissions scandal.

ZTE removed from U.S. trade blacklist

WASHINGTON (Reuters) - The U.S. Commerce Department will remove Chinese telecom equipment maker ZTE Corp from a trade blacklist after the company admitted to violating sanctions on Iran, the Commerce Department said in a notice made public on Tuesday,

SEC denies a second application to list bitcoin product

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday denied for the second time this month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency.