Reuters Daily Investor Update: August 20, 2015

Click to View in Browser Thursday, August 20, 2015 HP revenue falls on weak PC sales, lower demand for services (Reuters) - Hewlett-Packard Co reported a fall in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporate customers for its services. Wall St. ends sharply down on global growth concerns (Reuters) - The S&P 500 closed at more than a five-month low and in negative territory for the year on Thursday on concerns a deceleration in the Chinese economy would translate into slower global growth. Gap profit falls again due to strong dollar, supply delays (Reuters) - Apparel retailer Gap Inc reported a fall in quarterly profit for the second consecutive quarter, hurt by a stronger dollar, shipment delays and weak sales at its flagship brand. China drop, growth worries sink stocks; dollar fades NEW YORK (Reuters) - World stock markets fell and Brent oil prices remained under pressure on Thursday as another slump in the equity market of China, the No. 2 economy, stoked concerns about sluggish global growth. Home sales near eight-and-a-half-year high, brighten economic outlook WASHINGTON (Reuters) - U.S. home resales rose to a near 8-1/2-year high in July and factory activity in the mid-Atlantic region picked up this month, fresh signs of steady economic growth that likely keeps the Federal Reserve on track to raise interest rates this year. Valeant to buy 'female Viagra' maker Sprout Pharma (Reuters) - Canada's Valeant Pharmaceuticals International Inc said on Thursday it would buy Sprout Pharmaceuticals, which makes a controversial new drug to treat low sexual desire in women, for about $1 billion. Senators urge recall of all vehicles with Takata air bags (Reuters) - Two U.S. senators on Thursday called on Japanese auto supplier Takata Corp to immediately recall all vehicles containing the company's air bags. China smartphone sales fall for first time: Gartner (Reuters) - Smartphone sales in China, the world's biggest market for the devices, fell in the second quarter for the first time, market research firm Gartner Inc said on Thursday. Deere resumes production at Tianjin, China facilities (Reuters) - Deere & Co said on Thursday that production has resumed at its facilities near Tianjin after a massive chemical explosion ripped through the Chinese port town last week. U.S. September crude up eyeing hurricane as contract nears expiry NEW YORK (Reuters) - U.S. crude prices extended gains and Brent briefly turned higher on Thursday as the first hurricane of the 2015 Atlantic season sparked concern as the front-month September contract approached expiration. Related Video Greek PM quits, asks president to call elections Housing market heats up Related News Pension advance firms cheat retirees: U.S. lawsuit Seniors gear up for the sharing economy Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook