* Revenues for first-quarter of $105.5 million with a
revenue efficiency of 98.0%
Read more
Thursday, May 4, 2017
UPDATE 1-Mexico's America Movil gets approval to buy spectrum from Grupo MVS
MEXICO CITY, May 4 (Reuters) - Mexican billionaire Carlos
Slim's America Movil has received a green light from
the telecoms regulator IFT to buy rights to 60 megahertz of
spectrum from Grupo MVS, the telecoms giant said on Thursday.
Read more
Slim's America Movil has received a green light from
the telecoms regulator IFT to buy rights to 60 megahertz of
spectrum from Grupo MVS, the telecoms giant said on Thursday.
Read more
Morning News Call - India, May 5
To access the newsletter, click on the link:
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FACTORS TO WATCH
10:00 am: RBI Executive Director Sudarshan Sen at an event in Mumbai.
11:00 am: Aviation Minister Ashok Gajapathi Raju at an event in new Delhi.
12:00 pm: Telecom Minister Manoj Sinha to brie
Read more
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05052017.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
FACTORS TO WATCH
10:00 am: RBI Executive Director Sudarshan Sen at an event in Mumbai.
11:00 am: Aviation Minister Ashok Gajapathi Raju at an event in new Delhi.
12:00 pm: Telecom Minister Manoj Sinha to brie
Read more
BRIEF-AmpliPhi Biosciences prices 6.9 mln shares of its common stock at $1.50/shr
* AmpliPhi Biosciences announces pricing of $10.4 million
underwritten public offering of common stock and common warrants
Read more
underwritten public offering of common stock and common warrants
Read more
UPDATE 8-U.S. House votes to repeal, replace Obamacare, Senate battle looms
WASHINGTON, May 4 (Reuters) - The U.S. House of
Representatives on Thursday narrowly approved a bill to repeal
and replace Obamacare, handing Republican President Donald Trump
a victory that could prove short-lived as the healthcare
legislation heads for a likely battle in the Senate.
Read more
Representatives on Thursday narrowly approved a bill to repeal
and replace Obamacare, handing Republican President Donald Trump
a victory that could prove short-lived as the healthcare
legislation heads for a likely battle in the Senate.
Read more
UPDATE 4-Saudi Arabia says Trump visit to enhance cooperation in fighting extremism
WASHINGTON, May 4 (Reuters) - Saudi Arabia's foreign
minister said on Thursday that an upcoming visit to the kingdom
by U.S. President Donald Trump would enhance cooperation
between the United States and Muslim countries in the fight
against extremism.
Read more
minister said on Thursday that an upcoming visit to the kingdom
by U.S. President Donald Trump would enhance cooperation
between the United States and Muslim countries in the fight
against extremism.
Read more
CORRECTED-UPDATE 1-Warren Buffett says he sold a third of stake in IBM -CNBC
May 4 (Reuters) - Berkshire Hathaway's Warren
Buffett has sold "a reasonable amount" of his stake in
International Business Machines Corp after the stock
crossed $180, CNBC reported.
Read more
Buffett has sold "a reasonable amount" of his stake in
International Business Machines Corp after the stock
crossed $180, CNBC reported.
Read more
BRIEF-GenOn Energy announces pricing and increases amount of offering of senior secured notes
* priced and increased amount of its offering to $550
million in aggregate principal amount of 10.500% senior secured
first lien notes due 2022
Read more
million in aggregate principal amount of 10.500% senior secured
first lien notes due 2022
Read more
PRESS DIGEST- British Business - May 5
May 5 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
BRIEF-Impinj Inc Q1 GAAP loss per share $0.11
* Expects q2 non-GAAP diluted earnings per share in range of
loss of $0.02 to income of $0.05
Read more
loss of $0.02 to income of $0.05
Read more
BRIEF-Uranium Participation Corp reports net asset value at April 30 and provide update on relocation agreement
* Uranium Participation Corporation reports net asset value
at April 30, 2017 and provide update on relocation agreement
Read more
at April 30, 2017 and provide update on relocation agreement
Read more
Illinois' Central Grocers files for bankruptcy as winds down business
CHICAGO, May 4 (Reuters) - Central Grocers Inc, a wholesale
grocery cooperative in the Chicago area, filed for bankruptcy on
Thursday as it tried to close or sell businesses after
struggling to adapt to consumer shifts to online and gourmet
shopping and "big box" stores.
Read more
grocery cooperative in the Chicago area, filed for bankruptcy on
Thursday as it tried to close or sell businesses after
struggling to adapt to consumer shifts to online and gourmet
shopping and "big box" stores.
Read more
Japan's ORIX to buy 22 pct of Israel geothermal energy firm Ormat
TEL AVIV, May 4 (Reuters) - Japan's ORIX Corp will
buy a 22.1 percent stake in Israeli geothermal energy producer
Ormat Technologies Inc for $627 million from a group led
by the FIMI private equity fund, the companies said on Thursday.
Read more
buy a 22.1 percent stake in Israeli geothermal energy producer
Ormat Technologies Inc for $627 million from a group led
by the FIMI private equity fund, the companies said on Thursday.
Read more
Ambev's Paiva pledges to curb expenses, bolster premium brands
SAO PAULO, May 4 (Reuters) - Ambev SA will
continue to keep sales, general and administrative expenses in
check while taking steps to grow faster in premium beer brands,
as sales volumes at Latin America's largest beer maker reels
from a steep recession in Brazil, Chief Executive Officer
Bernardo Paiva said on Thursday.
Read more
continue to keep sales, general and administrative expenses in
check while taking steps to grow faster in premium beer brands,
as sales volumes at Latin America's largest beer maker reels
from a steep recession in Brazil, Chief Executive Officer
Bernardo Paiva said on Thursday.
Read more
UPDATE 1-Itaú's Bracher sees guidance feasible as Brazil risks linger
SAO PAULO, May 4 (Reuters) - Itaú Unibanco Holding SA will
probably meet operational targets for this year even if
uncertainty over an economic and credit market recovery in
Brazil persists, Chief Executive Officer Candido Bracher said on
Thursday.
Read more
probably meet operational targets for this year even if
uncertainty over an economic and credit market recovery in
Brazil persists, Chief Executive Officer Candido Bracher said on
Thursday.
Read more
CORRECTED-UPDATE 3-Viacom beats estimates but faces distribution, ad headwinds
May 4 (Reuters) - Viacom Inc, the owner of MTV,
Comedy Central and Nickelodeon, reported second-quarter profits
that beat Wall Street's estimates on Thursday, but advertising
and distribution headwinds weighed on its stock in early
trading.
Read more
Comedy Central and Nickelodeon, reported second-quarter profits
that beat Wall Street's estimates on Thursday, but advertising
and distribution headwinds weighed on its stock in early
trading.
Read more
Moody's sees liquidity risks abating for Brazilian companies
SAO PAULO, May 4 (Reuters) - A gradual economic recovery in
Brazil coupled with higher commodities prices should help
domestic firms generate more cash in coming months, reducing
short-term liquidity risks, analysts at Moody's Investors
Service said on Thursday.
Read more
Brazil coupled with higher commodities prices should help
domestic firms generate more cash in coming months, reducing
short-term liquidity risks, analysts at Moody's Investors
Service said on Thursday.
Read more
BRIEF-Kellogg executive says expects to see sequential improvement in Q2 - conf call
* Kellogg CEO - experienced reduction in trade inventory in
Q1 due to early shipments in Q4 in categories in U.S. - conf
call
Read more
Q1 due to early shipments in Q4 in categories in U.S. - conf
call
Read more
CEE MARKETS-Crown eases after Czech central bank says currency key to rate policy
* Crown falls as CNB says rate policy will hinge on fx rate
* Zloty off 20-month high, Polish stocks off 23-month high
* Kuna firms, Croatia finance minister survives
no-confidence vote
* Bulgarian parliament approves new government
(Recasts with Czech central bank comments, retreat of Polish
stocks, Croatian and Bulgarian parliament votes)
By Sandor Peto
BUDAPEST, May 4 (Reuters) - The crown eased, while other
Central European assets were mixed, after the Czech central
Read more
* Zloty off 20-month high, Polish stocks off 23-month high
* Kuna firms, Croatia finance minister survives
no-confidence vote
* Bulgarian parliament approves new government
(Recasts with Czech central bank comments, retreat of Polish
stocks, Croatian and Bulgarian parliament votes)
By Sandor Peto
BUDAPEST, May 4 (Reuters) - The crown eased, while other
Central European assets were mixed, after the Czech central
Read more
US STOCKS SNAPSHOT-Wall St edges up at open after hawkish Fed
May 4 (Reuters) - Wall Street opened slightly higher on
Thursday, led by banks, after the Federal Reserve expressed
confidence in the strength of the economy.
Read more
Thursday, led by banks, after the Federal Reserve expressed
confidence in the strength of the economy.
Read more
Credit Suisse hires Walsh as co-head of TMT ECM
NEW YORK, May 4 (IFR) - Credit Suisse has hired Matt Walsh
as a managing director and co-head of technology, media and
telecom to work alongside John Kolz in its equity capital
markets group.
Read more
as a managing director and co-head of technology, media and
telecom to work alongside John Kolz in its equity capital
markets group.
Read more
UPDATE 1-Brazil's Ambev misses estimates as cost pressure bites
SAO PAULO, May 4 (Reuters) - Ambev SA, the Latin American
unit of Anheuser Busch Inbev NV, missed first-quarter
profit estimates on Thursday as rapid cost growth offset
declining expenses and higher volumes in Brazil.
Read more
unit of Anheuser Busch Inbev NV, missed first-quarter
profit estimates on Thursday as rapid cost growth offset
declining expenses and higher volumes in Brazil.
Read more
Wednesday, May 3, 2017
Huge crops, record storage signaling more woes for grain merchants
CHICAGO, May 3 (Reuters) - In the face of a global grain
glut that is crushing profits and raising questions about their
long-term prospects, the world's big grain merchants maintain
they need only a drought or other supply shock to return to the
riches of the past.
Read more
glut that is crushing profits and raising questions about their
long-term prospects, the world's big grain merchants maintain
they need only a drought or other supply shock to return to the
riches of the past.
Read more
UPDATE 2-Herbalife CEO talks about obesity, vindication at Milken Conference
BEVERLY HILLS, Calif., May 3 (Reuters) - After years of
discord with a prominent hedge-fund manager, a federal
investigation and bad publicity, Herbalife Ltd Chief
Executive Officer Michael Johnson is taking a victory lap.
Read more
discord with a prominent hedge-fund manager, a federal
investigation and bad publicity, Herbalife Ltd Chief
Executive Officer Michael Johnson is taking a victory lap.
Read more
BRIEF-Theratechnologies partner Taimed submits biologics license application for Ibalizumab
* Theratechnologies partner submits biologics license
application for HIV Monoclonal Antibody and long-acting
investigational antiretroviral Ibalizumab
Read more
application for HIV Monoclonal Antibody and long-acting
investigational antiretroviral Ibalizumab
Read more
BRIEF-Hanover insurance group Q1 earnings per share $1.05
* Net premiums written were $1.18 billion in quarter, up 3.7
percent from prior-year quarter
Read more
percent from prior-year quarter
Read more
BRIEF-B2Gold Corp says Q1 loss per share $0.01
* B2Gold Corp. Reports strong first quarter 2017 results exceeding its budget guidance;
fekola project mine construction remains on target for an october 1, 2017 production start
Read more
fekola project mine construction remains on target for an october 1, 2017 production start
Read more
UPDATE 4-U.S. House to vote Thursday on healthcare as Trump presses Republican ranks
WASHINGTON, May 3 (Reuters) - In a possible breakthrough for
U.S. Republicans' effort to roll back Obamacare, the House of
Representatives plans to hold a vote Thursday on compromise
legislation, potentially ending a logjam that has delayed
advancing President Donald Trump's campaign promise to repeal
the law.
Read more
U.S. Republicans' effort to roll back Obamacare, the House of
Representatives plans to hold a vote Thursday on compromise
legislation, potentially ending a logjam that has delayed
advancing President Donald Trump's campaign promise to repeal
the law.
Read more
UPDATE 1-U.S. insurance profits hit by lower premiums, bad weather
NEW YORK, May 3 (Reuters) - The U.S. insurance industry is
suffering from lower property-casualty premiums, bad weather
claims and interest rates that are still too low to move the
needle, according to earnings reports by some of the largest
players this week.
Read more
suffering from lower property-casualty premiums, bad weather
claims and interest rates that are still too low to move the
needle, according to earnings reports by some of the largest
players this week.
Read more
UPDATE 5-Facebook tries to fix violent video problem with 3,000 new workers
SAN FRANCISCO, May 3 (Reuters) - Facebook Inc will
hire 3,000 more people over the next year to speed up the
removal of videos showing murder, suicide and other violent
acts, in its most dramatic move yet to combat the biggest
threat to its valuable public image.
Read more
hire 3,000 more people over the next year to speed up the
removal of videos showing murder, suicide and other violent
acts, in its most dramatic move yet to combat the biggest
threat to its valuable public image.
Read more
UPDATE 2-Weak safety standards led to Exxon refinery blast - U.S. agency
HOUSTON, May 3 (Reuters) - The U.S. Chemical Safety Board
(CSB) has concluded that a 2015 explosion at a Torrance,
California, refinery then owned by Exxon Mobil Corp
could have been prevented, the agency concluded in a report
issued on Wednesday.
Read more
(CSB) has concluded that a 2015 explosion at a Torrance,
California, refinery then owned by Exxon Mobil Corp
could have been prevented, the agency concluded in a report
issued on Wednesday.
Read more
UPDATE 2-Changes at helm of U.S. bank agency signal new Trump era
WASHINGTON, May 3 (Reuters) - The Trump administration on
Wednesday took its first step in replacing Obama-era banking
regulators, naming a veteran financial lawyer as interim head of
the watchdog for federally chartered banks.
Read more
Wednesday took its first step in replacing Obama-era banking
regulators, naming a veteran financial lawyer as interim head of
the watchdog for federally chartered banks.
Read more
Einhorn, nursing losses on Tesla, says investors 'hypnotized' by Musk
NEW YORK, May 3 (Reuters) - Hedge fund manager David Einhorn
said on Wednesday that investors remain charmed by Tesla Inc
Chief Executive Elon Musk, boosting the stock by 30
percent in the first quarter, even though the electric car
maker's performance did not justify such gains.
Read more
said on Wednesday that investors remain charmed by Tesla Inc
Chief Executive Elon Musk, boosting the stock by 30
percent in the first quarter, even though the electric car
maker's performance did not justify such gains.
Read more
BRIEF-Golden Ocean says it entered into agreements to acquire 16 dry bulk vessels
* Has entered into agreements to acquire 16 modern dry bulk
vessels in an all-share transaction
Read more
vessels in an all-share transaction
Read more
Spanish court to question Santander, BNP bankers in HSBC tax probe
MADRID, May 3 (Reuters) - Spain's High Court is to question
seven current and former Banco Santander bankers,
including a current non-executive board member, as part of a
probe triggered by leaks of tax information from HSBC's
Swiss private bank.
Read more
seven current and former Banco Santander bankers,
including a current non-executive board member, as part of a
probe triggered by leaks of tax information from HSBC's
Swiss private bank.
Read more
UPDATE 3-Time Warner beats estimates; sees lower advertising
* Co says on track to close merger with AT&T before 2017 end
(Adds analyst comment, details from call)
Read more
(Adds analyst comment, details from call)
Read more
US STOCKS-Wall St lower as Apple weighs
* Indexes down: Dow 0.17 pct, S&P 0.25 pct, Nasdaq 0.44 pct
(Adds details, changes comment, updates prices)
Read more
(Adds details, changes comment, updates prices)
Read more
UPDATE 2-Bunge profit dives as grain glut hits margins; shares drop
CHICAGO, May 3 (Reuters) - U.S. agricultural trader Bunge
Ltd reported on Wednesday a sharply lower first-quarter
profit and cut its full-year earnings forecast as slow crop
sales by farmers in South America squeezed margins in its core
agribusiness unit, sending shares tumbling.
Read more
Ltd reported on Wednesday a sharply lower first-quarter
profit and cut its full-year earnings forecast as slow crop
sales by farmers in South America squeezed margins in its core
agribusiness unit, sending shares tumbling.
Read more
UPDATE 2-Standard Chartered favours Frankfurt as EU hub after Brexit
* Lender looking to resume dividends as soon as possible
(Adds quotes from StanChart Germany head)
Read more
(Adds quotes from StanChart Germany head)
Read more
BRIEF-Strikepoint Gold Inc closes $5 mln private placement
* Strikepoint Gold Inc closes $5 million private placement
and welcomes Eric Sprott as shareholder
Read more
and welcomes Eric Sprott as shareholder
Read more
BRIEF-Can-Fite's liver drug enters mid-stage studies
* Can-Fite's liver protective drug namodenoson enters phase
II trial for treatment of nafld/nash
Source text for Eikon:
Further company coverage:
Read more
II trial for treatment of nafld/nash
Source text for Eikon:
Further company coverage:
Read more
Deals of the day-Mergers and acquisitions
May 3 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 0930 GMT on Wednesday:
Read more
and disposals were reported by 0930 GMT on Wednesday:
Read more
Uber in U.S. court reckoning on possible shutdown of self-driving program
SAN FRANCISCO, May 3 (Reuters) - Uber Technologies Inc
goes before a U.S. judge on Wednesday to fight for the
right to continue work on its self-driving car program, the
latest phase in a courtroom battle over trade secrets that
threatens to topple a central pillar of Uber's growth strategy.
Read more
goes before a U.S. judge on Wednesday to fight for the
right to continue work on its self-driving car program, the
latest phase in a courtroom battle over trade secrets that
threatens to topple a central pillar of Uber's growth strategy.
Read more
Weak iPhone sales hit shares of Europe's Apple suppliers
LONDON, May 3 (Reuters) - Shares of European suppliers of
microchips, sensors and circuitry to Apple fell on
Wednesday after the smartphone company's much-awaited iPhone
sales missed expectations in the second quarter.
Read more
microchips, sensors and circuitry to Apple fell on
Wednesday after the smartphone company's much-awaited iPhone
sales missed expectations in the second quarter.
Read more
UPDATE 1-Chinese conglomerate HNA takes top stake in Deutsche Bank
* Qatari investors options would give them similar stake
(Adds stakeholder details, background)
Read more
(Adds stakeholder details, background)
Read more
BRIEF-Cedar Fair says qtrly net loss per limited partner unit $1.16
* Announced declaration of a cash distribution of $0.855 per
LP unit
Source text for Eikon:
Further company coverage:
Read more
LP unit
Source text for Eikon:
Further company coverage:
Read more
Saudi Aramco to dilute stake in Sadara Chemicals via IPO -exec
ABU DHABI, May 3 (Reuters) - National oil firm Saudi Aramco
plans to cut its stake in Sadara Chemical Co , a
joint venture with U.S. company Dow Chemical, via an
initial public offer of shares, Sadara chief executive Ziad
al-Labban said on Wednesday.
Read more
plans to cut its stake in Sadara Chemical Co , a
joint venture with U.S. company Dow Chemical, via an
initial public offer of shares, Sadara chief executive Ziad
al-Labban said on Wednesday.
Read more
UPDATE 1-UK Stocks-Factors to watch on May 3
May 3 (Reuters) - Britain's FTSE 100 index is seen opening 13 points
lower on Wednesday, according to financial bookmakers, with futures down
0.10 percent ahead of the cash market open.
Read more
lower on Wednesday, according to financial bookmakers, with futures down
0.10 percent ahead of the cash market open.
Read more
Tuesday, May 2, 2017
METALS-London copper drifts as dollar firms on rate rise potential
(Adds comment, detail, updates prices)
By Melanie Burton
MELBOURNE, May 3 (Reuters) - London copper dropped on
Wednesday from a three-week high hit the session before as the
dollar ticked higher on expectations the Federal Reserve will
signal a June rate rise later in the session.
Nickel prices however could rally if Philippine lawmakers
confirm controversial Environment Secretary Regina Lopez in her
current job. The vote is due Wednesday.
"If she is appointed, we expect nicke
Read more
By Melanie Burton
MELBOURNE, May 3 (Reuters) - London copper dropped on
Wednesday from a three-week high hit the session before as the
dollar ticked higher on expectations the Federal Reserve will
signal a June rate rise later in the session.
Nickel prices however could rally if Philippine lawmakers
confirm controversial Environment Secretary Regina Lopez in her
current job. The vote is due Wednesday.
"If she is appointed, we expect nicke
Read more
UPDATE 2-NZ nixes merger of top 2 publishing groups citing concentration of media power
* NZME shares slump as much as 16 pct, Fairfax loses up to
3.2 pct
(Recasts, adds company and analyst comments)
Read more
3.2 pct
(Recasts, adds company and analyst comments)
Read more
BRIEF-Tyre maker Nokian plans to build a new factory in U.S.
* NOKIAN TYRES' BOARD OF DIRECTORS HAS MADE A PRINCIPAL
DECISION TO INVEST IN A GREENFIELD FACTORY IN THE USA
Read more
DECISION TO INVEST IN A GREENFIELD FACTORY IN THE USA
Read more
PRESS DIGEST - Wall Street Journal - May 3
May 3 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
UPDATE 1-Brazil prosecutors lay new graft charges against former Lula chief of staff
RIO DE JANEIRO, May 2 (Reuters) - Brazilian prosecutors said
on Tuesday they had laid new corruption charges against a
one-time chief of staff for former President Luiz Inacio Lula da
Silva, who is already serving long jail sentences on other graft
convictions.
Read more
on Tuesday they had laid new corruption charges against a
one-time chief of staff for former President Luiz Inacio Lula da
Silva, who is already serving long jail sentences on other graft
convictions.
Read more
UPDATE 5-ADM shares dive 9 pct after warning about global grain glut
CHICAGO, May 2 (Reuters) - U.S. agricultural trader Archer
Daniels Midland Co said on Tuesday that massive global grain
stocks are making it difficult to turn a profit trading grain
internationally, sending its shares plummeting by their most in
eight years.
Read more
Daniels Midland Co said on Tuesday that massive global grain
stocks are making it difficult to turn a profit trading grain
internationally, sending its shares plummeting by their most in
eight years.
Read more
UPDATE 1-U.S. SEC approves request to list quadruple-leveraged ETFs
NEW YORK, May 2 (Reuters) - The Securities and Exchange
Commission on Tuesday approved a request to trade
quadruple-leveraged exchange-traded funds, marking a first for
the growing market for such products in the United States.
Read more
Commission on Tuesday approved a request to trade
quadruple-leveraged exchange-traded funds, marking a first for
the growing market for such products in the United States.
Read more
BRIEF-Perrigo says search warrants were executed at company's corporate offices
* Search warrants were executed at company's corporate
offices associated with an ongoing investigation by U.S.
Department of Justice Antitrust Division related to drug pricing
Read more
offices associated with an ongoing investigation by U.S.
Department of Justice Antitrust Division related to drug pricing
Read more
PRESS DIGEST- British Business - May 3
May 3 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
SEC approves request to list and trade quadruple-leveraged ETfs
May 2 (Reuters) - The Securities and Exchange Commission on
Tuesday approved a request to list and trade quadruple-leveraged
exchange-traded funds, marking a first for the growing market
for such funds in the United States.
Read more
Tuesday approved a request to list and trade quadruple-leveraged
exchange-traded funds, marking a first for the growing market
for such funds in the United States.
Read more
Super-rich private equity stars rue 'lousy' reputation, say they are misunderstood
BEVERLY HILLS, Calif., May 2 (Reuters) - Ultra-wealthy
private equity managers lamented their reputation as 'lousy'
corporate profiteers at a plush Beverly Hills hotel on Tuesday,
arguing their value to society was greater than the public
realized.
Read more
private equity managers lamented their reputation as 'lousy'
corporate profiteers at a plush Beverly Hills hotel on Tuesday,
arguing their value to society was greater than the public
realized.
Read more
Restaurant, retail calorie disclosure rule in flux under Trump
LOS ANGELES, May 2 (Reuters) - A much-delayed U.S. rule
requiring restaurants and retailers to clearly display food
calorie counts has been pushed back again, and could be
rewritten or scrapped as the Trump administration rebuffs
Obama-era regulations.
Read more
requiring restaurants and retailers to clearly display food
calorie counts has been pushed back again, and could be
rewritten or scrapped as the Trump administration rebuffs
Obama-era regulations.
Read more
BRIEF-Bridgepoint Education reports Q1 non-GAAP earnings per share $0.23
* Q1 revenue $129.5 million versus $133 million
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
Mondelez profit beats on lower costs; higher Latin America sales
May 2 (Reuters) - Mondelez International Inc, the
world's second-largest confectionary company, reported a
higher-than-expected quarterly profit, helped by its cost-saving
programs and stronger sales in Latin America.
Read more
world's second-largest confectionary company, reported a
higher-than-expected quarterly profit, helped by its cost-saving
programs and stronger sales in Latin America.
Read more
UPDATE 3-ConocoPhillips posts surprise loss on higher-than-expected costs
* Shares down as much as 2.4 percent
(New throughout, adds details from conference call; updates
stock price, adds byline and HOUSTON dateline)
Read more
(New throughout, adds details from conference call; updates
stock price, adds byline and HOUSTON dateline)
Read more
BRIEF-Hyundai Motor America says April U.S. sales of 63,050 vehicles, an overall increase of 1 pct from last year
* Hyundai motor america - u.s. Sales of 63,050 vehicles in
april, an overall increase of 1 percent compared with april 2016
Source text (http://bit.ly/2pCLDUU)
Further company coverage:
Read more
april, an overall increase of 1 percent compared with april 2016
Source text (http://bit.ly/2pCLDUU)
Further company coverage:
Read more
BRIEF-Saia says Saia LTL Freight's new terminals in Pennsylvania & New Jersey are operational
* Saia LTL Freight's new terminals in Harrisburg,
Philadelphia, Pittsburgh, Pennsylvania, Newark, New Jersey are
operational
Read more
Philadelphia, Pittsburgh, Pennsylvania, Newark, New Jersey are
operational
Read more
UPDATE 4-WestJet posts 45 pct drop in profit, to buy up to 20 aircraft
May 2 (Reuters) - Canada's WestJet Airlines Ltd
reported a 45 percent drop in quarterly profit on Tuesday, and
said it agreed to buy up to 20 Dreamliner planes from Boeing Co
as part of a plan to add fuel-efficient aircraft to its
fleet.
Read more
reported a 45 percent drop in quarterly profit on Tuesday, and
said it agreed to buy up to 20 Dreamliner planes from Boeing Co
as part of a plan to add fuel-efficient aircraft to its
fleet.
Read more
UPDATE 1-T-Mobile to begin rolling out 5G in U.S. in 2019
May 2 (Reuters) - T-Mobile US Inc said on Tuesday
it plans to begin rolling out a fifth-generation network (5G) in
the United States in 2019, helped by the airwaves it bought in
the U.S. government's spectrum auction last month.
Read more
it plans to begin rolling out a fifth-generation network (5G) in
the United States in 2019, helped by the airwaves it bought in
the U.S. government's spectrum auction last month.
Read more
U.S. longer-dated bond net shorts hold at 2-month high before Fed meeting -JPMorgan
NEW YORK, May 2 (Reuters) - The margin of investors who are
bearish on longer-dated U.S. Treasuries over those who are
bullish held at a two-month high before the Federal Reserve's
two-day policy meeting, J.P. Morgan's latest Treasury client
survey showed on Tuesday.
Read more
bearish on longer-dated U.S. Treasuries over those who are
bullish held at a two-month high before the Federal Reserve's
two-day policy meeting, J.P. Morgan's latest Treasury client
survey showed on Tuesday.
Read more
CANADA STOCKS-TSX rises, helped by earnings results
TORONTO, May 2 (Reuters) - Canada's main stock index moved
higher on Tuesday, helped by gains for companies whose financial
results exceeded expectations, including energy company Encana
Corp and e-commerce company Shopify.
Read more
higher on Tuesday, helped by gains for companies whose financial
results exceeded expectations, including energy company Encana
Corp and e-commerce company Shopify.
Read more
BRIEF-Vaya Pharma announces availability of new three-month bottles
* Vaya Pharma announces availability of new three-month
bottles of its prescription medical foods Vayarin and Vayacog
Read more
bottles of its prescription medical foods Vayarin and Vayacog
Read more
BRIEF-Abeona Therapeutics provides update on EB-101 gene therapy
* Abeona Therapeutics provides update on EB-101 gene therapy
for severe form of epidermolysis bullosa from the society for
investigative dermatology conference
Read more
for severe form of epidermolysis bullosa from the society for
investigative dermatology conference
Read more
UPDATE 1-Embraer profit drops after delay in deliveries, satellite launch
SAO PAULO, May 2 (Reuters) - Brazil's Embraer SA,
the world's third-largest commercial planemaker, reported a 59
percent drop in profit on Tuesday as a massive seasonal dip in
deliveries and a delayed satellite launch weighed on revenue.
Read more
the world's third-largest commercial planemaker, reported a 59
percent drop in profit on Tuesday as a massive seasonal dip in
deliveries and a delayed satellite launch weighed on revenue.
Read more
Cummins profit jumps 23.4 pct
May 2 (Reuters) - Engine maker Cummins Inc reported
a 23.4 percent rise in quarterly profit, helped by higher sales
across its businesses.
Read more
a 23.4 percent rise in quarterly profit, helped by higher sales
across its businesses.
Read more
BRIEF-Marapharm Ventures announces the acquisition of a second property in desert hot springs, California
* Marapharm Ventures Inc "marapharm" announces the
acquisition of a second property with approved conditional use
permit (cup) located in desert hot springs, California, for
cannabis cultivation
Source text for Eikon:
Further company coverage:
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acquisition of a second property with approved conditional use
permit (cup) located in desert hot springs, California, for
cannabis cultivation
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Deutsche Rohstoff says Hammer Metals to establish JV with Global Energy Metals Corp.
* Hammer Metals signs term sheet to establish a joint
venture with Global Energy Metals Corp.
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
venture with Global Energy Metals Corp.
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
Deals of the day-Mergers and acquisitions
May 2 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 0930 GMT on Tuesday:
Read more
and disposals were reported by 0930 GMT on Tuesday:
Read more
Allianz-led consortium buys British water utility Affinity
FRANKFURT, May 2 (Reuters) - A consortium led by Germany's
Allianz has agreed to buy a 90 percent stake in
British water utility Affinity Water from Infracapital and
Morgan Stanley Infrastructure for 687 million pounds ($884
million), the companies said on Tuesday.
Read more
Allianz has agreed to buy a 90 percent stake in
British water utility Affinity Water from Infracapital and
Morgan Stanley Infrastructure for 687 million pounds ($884
million), the companies said on Tuesday.
Read more
Allianz-backed consortium to buy Britain's Affinity Water
May 2 (Reuters) - A three-member consortium that includes
German insurer Allianz has agreed to buy Affinity
Water Ltd, the largest water-only supply firm in
England and Wales by revenue, through two transactions, the
group said on Tuesday.
Read more
German insurer Allianz has agreed to buy Affinity
Water Ltd, the largest water-only supply firm in
England and Wales by revenue, through two transactions, the
group said on Tuesday.
Read more
European shares stride into May as earnings power gains
LONDON, May 2 (Reuters) - European shares kicked off the
first trading day of May with gains underpinned by healthy
corporate earnings.
Read more
first trading day of May with gains underpinned by healthy
corporate earnings.
Read more
Monday, May 1, 2017
INSIGHT-How two cutting edge U.S. nuclear projects bankrupted Westinghouse
By Tom Hals and Emily Flitter
WILMINGTON, Del./NEW YORK May 2 (Reuters) - In 2012,
construction of a Georgia nuclear power plant stalled for eight
months as engineers waited for the right signatures and
paperwork needed to ship a section of the plant from a factory
hundreds of miles away.
The delay, which a nuclear specialist monitoring the
construction said was longer than the time required to make the
section, was emblematic of the problems that plagued
Westinghouse Electric Co a
Read more
WILMINGTON, Del./NEW YORK May 2 (Reuters) - In 2012,
construction of a Georgia nuclear power plant stalled for eight
months as engineers waited for the right signatures and
paperwork needed to ship a section of the plant from a factory
hundreds of miles away.
The delay, which a nuclear specialist monitoring the
construction said was longer than the time required to make the
section, was emblematic of the problems that plagued
Westinghouse Electric Co a
Read more
PRESS DIGEST- New York Times business news - May 2
May 2 (Reuters) - The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
Temasek, Yunfeng lead $75 mln funding into China genomics firm
SHANGHAI, May 2 (Reuters) - Jack Ma's private equity firm
Yunfeng Capital and Singapore's Temasek have led a $75 million
fund-raising round into genomics company WuXi NextCODE, the firm
said in a statement on Tuesday, underlining a race for medical
data in China.
Read more
Yunfeng Capital and Singapore's Temasek have led a $75 million
fund-raising round into genomics company WuXi NextCODE, the firm
said in a statement on Tuesday, underlining a race for medical
data in China.
Read more
German stocks - Factors to watch on May 2
BERLIN/FRANKFURT, May 2 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
Read more
of the factors that may move German stocks on Tuesday:
Read more
METALS-Firmer copper prices pull most metals higher
SYDNEY, May 2 (Reuters) - Copper futures rose sharply on
Tuesday as investors returned from a three-day weekend in most
of Asia with a renewed appetite for industrial commodities.
Read more
Tuesday as investors returned from a three-day weekend in most
of Asia with a renewed appetite for industrial commodities.
Read more
UPDATE 1-Hollywood writers talks resume as strike deadline looms
May 1 (Reuters) - Hollywood writers and representatives of
movie and television conglomerates on Monday resumed contract
talks aimed at staving off a strike as early as Tuesday that
could black out TV talk shows and soap operas.
Read more
movie and television conglomerates on Monday resumed contract
talks aimed at staving off a strike as early as Tuesday that
could black out TV talk shows and soap operas.
Read more
BRIEF-Blackstone Mortgage Trust prices public offering of convertible senior notes
* Blackstone mortgage trust announces pricing of public
offering of convertible senior notes
Read more
offering of convertible senior notes
Read more
GLOBAL MARKETS-Hi-tech leads Asia share rally, dollar at 1-month high vs yen
TOKYO, May 2 (Reuters) - Asian shares advanced on Tuesday,
helped by rising optimism on the technology industry and easing
concerns over North Korea, while the dollar edged up to
one-month high versus the yen.
Read more
helped by rising optimism on the technology industry and easing
concerns over North Korea, while the dollar edged up to
one-month high versus the yen.
Read more
PRESS DIGEST- British Business - May 2
May 2 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
BRIEF-New Home says priced its private tack-on offering
* New Home Company Inc says had priced its private tack-on
offering to eligible purchasers of $75.0 million principal
amount of 7.250% senior notes due 2022
Read more
offering to eligible purchasers of $75.0 million principal
amount of 7.250% senior notes due 2022
Read more
BRIEF-Fleetcor Technologies CEO's 2016 total compensation $29.4 mln
* CEO Ronald Clarke's FY 2016 total compensation was $29.4
million versus $10.2 million in FY 2015 - SEC filing
Source text: (http://bit.ly/2pp7qRy)
Further company coverage:
Read more
million versus $10.2 million in FY 2015 - SEC filing
Source text: (http://bit.ly/2pp7qRy)
Further company coverage:
Read more
BRIEF-Guyana Goldfields Q1 net earnings of $0.06 per share
* Guyana Goldfields Inc. Reports first quarter 2017 results;
sold 40,700 oz au generating US$22.4m in operating cash flow and
net earnings of $0.06 per share
Read more
sold 40,700 oz au generating US$22.4m in operating cash flow and
net earnings of $0.06 per share
Read more
BRIEF-Citizens Community Bancorp Q2 GAAP earnings per share $0.17
* Citizens Community Bancorp, Inc earnings increase 38% yoy
for second quarter fiscal 2017; earnings increase 23% yoy for
first six months of fiscal 2017
Read more
for second quarter fiscal 2017; earnings increase 23% yoy for
first six months of fiscal 2017
Read more
Fox News co-president Bill Shine resigns
May 1 (Reuters) - Bill Shine, co-president of Fox News
Channel since August, has resigned and will leave the company
after helping a transition over the next few weeks, the cable
channel said on Monday.
Read more
Channel since August, has resigned and will leave the company
after helping a transition over the next few weeks, the cable
channel said on Monday.
Read more
UPDATE 1-Freeport Indonesia mine workers hold rally at start of planned strike
TIMIKA, Indonesia, May 1 (Reuters) - Thousands of workers
from the Indonesian unit of Freeport McMoRan Inc staged
a rally near its Papua mine on Monday, a union leader said,
protesting against layoffs by the miner due to a contract
dispute with the government.
Read more
from the Indonesian unit of Freeport McMoRan Inc staged
a rally near its Papua mine on Monday, a union leader said,
protesting against layoffs by the miner due to a contract
dispute with the government.
Read more
UPDATE 1-Target slashes CEO pay package after bleak year
May 1 (Reuters) - Target Corp's Chief Executive
Brian Cornell took a sharp cut in compensation after the company
failed to meet financial goals in a year marred by declines in
sales and share price.
Read more
Brian Cornell took a sharp cut in compensation after the company
failed to meet financial goals in a year marred by declines in
sales and share price.
Read more
BRIEF-FDA grants accelerated approval to Durvalumab for treatment of patients with locally advanced or metastatic urothelial carcinoma
* Grants accelerated approval to Durvalumab for treatment of
patients with locally advanced or metastatic urothelial
carcinoma
Read more
patients with locally advanced or metastatic urothelial
carcinoma
Read more
BRIEF-Motorola Solutions to acquire Kodiak Networks
* Motorola solutions to expand push-to-talk mobile offerings
with kodiak networks acquisition
Read more
with kodiak networks acquisition
Read more
UPDATE 1-Fox News reporter says she was shunned over article about health condition
May 1 (Reuters) - A Fox News contributor said in a lawsuit
filed on Monday that she was taken off the air after writing an
article about a medical condition that would likely leave her
infertile, in the latest of a series of discrimination claims
against the network.
Read more
filed on Monday that she was taken off the air after writing an
article about a medical condition that would likely leave her
infertile, in the latest of a series of discrimination claims
against the network.
Read more
Equitable Group gets $2 bln loan, sees gains from rival's woes
May 1 (Reuters) - Canadian mortgage provider Equitable Group
Inc said it received a C$2 billion ($1.47 billion) loan
commitment and expected applications to increase in the coming
weeks, at a time when rival Home Capital Group's
withdrawals are rising.
Read more
Inc said it received a C$2 billion ($1.47 billion) loan
commitment and expected applications to increase in the coming
weeks, at a time when rival Home Capital Group's
withdrawals are rising.
Read more
BRIEF-Intercontinental Exchange completes acquisition of TMX Group's Atrium
* Intercontinental exchange completes acquisition of TMX
Group's Atrium
Source text for Eikon:
Further company coverage:
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Group's Atrium
Source text for Eikon:
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BRIEF-Neurotrope to provide detailed Alzheimer's drug data in coming months
* Neurotrope CEO says 1 patient on the 20 mcg arm and 3 on
the 40 mcg arm dropped out of the study: conf call
Read more
the 40 mcg arm dropped out of the study: conf call
Read more
BRIEF-Madalena qtrly FFO loss per share $0.00
* Madalena announces its 2016 year end financial and
operating results and year end reserves
Read more
operating results and year end reserves
Read more
BRIEF-Northrim Bancorp earnings grow 13 pct to $3.8 million
* Northrim Bancorp earnings grow 13pct to $3.8 million, or
$0.55 per diluted share in 1q17 from 1q16
Read more
$0.55 per diluted share in 1q17 from 1q16
Read more
BRIEF-Argo Group International says will make a change to reporting of financial results
* Argo Group International Holdings Ltd - will make a change
to its reporting of financial results aligned with two
reportable segments
Read more
to its reporting of financial results aligned with two
reportable segments
Read more
BRIEF-The New Home Company announces proposed private tack-on offering of 7.250 pct senior notes due 2022
* The New Home Company Inc announces proposed private
tack-on offering of 7.250 pct senior notes due 2022
Read more
tack-on offering of 7.250 pct senior notes due 2022
Read more
Cardinal Health quarterly revenue rises 3.8 pct
May 1 (Reuters) - Cardinal Health Inc reported a 3.8
percent rise in quarterly revenue, helped by strength in its
pharmaceutical business even as the drug distributor faces
declining generic drug prices.
Read more
percent rise in quarterly revenue, helped by strength in its
pharmaceutical business even as the drug distributor faces
declining generic drug prices.
Read more
Freeport Indonesia workers hold rally at start of planned strike
TIMIKA, Indonesia, May 1 (Reuters) - Thousands of workers
from the Indonesian unit of Freeport McMoRan Inc staged
a rally near its Papua mine on Monday, a union leader said,
protesting against lay offs by the miner due to a contract
dispute with the government.
Read more
from the Indonesian unit of Freeport McMoRan Inc staged
a rally near its Papua mine on Monday, a union leader said,
protesting against lay offs by the miner due to a contract
dispute with the government.
Read more
BRIEF-General Moly Q1 loss per share $0.02
* Well positioned with financial liquidity to fund its
current business activities and working capital needs into Q2 of
2018
Source text for Eikon:
Further company coverage:
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current business activities and working capital needs into Q2 of
2018
Source text for Eikon:
Further company coverage:
Read more
BRIEF-Questerre Energy updates on Jordan project
* Questerre Energy says finding a way to commercialize this
significant oil shale project in a $50 to $70 per barrel
environment is main focus
Source text for Eikon:
Further company coverage:
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significant oil shale project in a $50 to $70 per barrel
environment is main focus
Source text for Eikon:
Further company coverage:
Read more
Nikkei hits 6-week high, tech shares jump on earnings
TOKYO, May 1 (Reuters) - Japanese stocks climbed to a
six-week high on Monday as technology shares such as Tokyo
Electron and Murata Manufacturing surged on
upbeat earnings.
Read more
six-week high on Monday as technology shares such as Tokyo
Electron and Murata Manufacturing surged on
upbeat earnings.
Read more
Sunday, April 30, 2017
Storage wars: New U.S. potash player K+S faces warehouse squeeze
WINNIPEG, Manitoba, May 1 (Reuters) - Germany's K+S AG
will crack into the U.S. fertilizer market this
spring when it opens the first new western Canadian potash mine
in nearly five decades.
Read more
will crack into the U.S. fertilizer market this
spring when it opens the first new western Canadian potash mine
in nearly five decades.
Read more
PRESS DIGEST- New York Times business news - May 1
May 1 (Reuters) - The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
BRIEF-American International Group completes sale of AIG Fuji Life to FWD Group
* Says it completed the sale of AIG Fuji Life Insurance
Company Ltd (AFLI) to FWD Group, as planned
Read more
Company Ltd (AFLI) to FWD Group, as planned
Read more
U.S. to probe Japanese, German automakers over alleged patent violations
TOKYO, May 1 (Reuters) - The United States will begin an
investigation into whether thermoplastic components used in some
Japanese and German vehicle models sold in the country violate
its patent laws, trade authorities said late last week.
Read more
investigation into whether thermoplastic components used in some
Japanese and German vehicle models sold in the country violate
its patent laws, trade authorities said late last week.
Read more
Nikkei edges up, high-tech shares jump on earnings
TOKYO, May 1 (Reuters) - Japanese stock prices posted modest
gains on Monday as high-tech shares such as Tokyo Electron
and Murata Manufacturing gained on upbeat
earnings in otherwise holiday-lulled trading.
Read more
gains on Monday as high-tech shares such as Tokyo Electron
and Murata Manufacturing gained on upbeat
earnings in otherwise holiday-lulled trading.
Read more
PRECIOUS-Gold falls after dollar firms on deal to fund U.S. govt
May 1 (Reuters) - Gold fell on Monday after the dollar edged
up as U.S. congressional negotiators hammered out a deal on a
spending package to keep the federal government funded through
September.
FUNDAMENTALS
* Spot gold dropped 0.3 percent to $1,264.06 per
ounce, as of 0236 GMT.
* Gold, last week, saw its biggest weekly percentage fall
since the week of March 10, ending about 1.2 percent lower.
* U.S. gold futures eased 0.2 percent to $1,265.20
an ounce.
Read more
up as U.S. congressional negotiators hammered out a deal on a
spending package to keep the federal government funded through
September.
FUNDAMENTALS
* Spot gold dropped 0.3 percent to $1,264.06 per
ounce, as of 0236 GMT.
* Gold, last week, saw its biggest weekly percentage fall
since the week of March 10, ending about 1.2 percent lower.
* U.S. gold futures eased 0.2 percent to $1,265.20
an ounce.
Read more
PRESS DIGEST- British Business - May 1
May 1 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
UPDATE 1-Twenty-First Century Fox in talks with Blackstone to buy Tribune
NEW YORK, April 30 (Reuters) - Twenty-First Century Fox Inc
is in talks with Blackstone Group LP about
submitting an offer to buy Tribune Media Co, one of the
largest U.S. television station operators, sources familiar with
the matter said on Sunday.
Read more
is in talks with Blackstone Group LP about
submitting an offer to buy Tribune Media Co, one of the
largest U.S. television station operators, sources familiar with
the matter said on Sunday.
Read more
PRESS DIGEST- Financial Times - May 1
May 1 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
RPT-Wall St Weekahead-Hot earnings to keep fire under growth-stock rally
NEW YORK, April 28 (Reuters) - Don't look for the
outperformance of growth stocks to fade any time soon, as long
as corporate earnings continue to improve and hopes remain for
stronger economic growth.
Read more
outperformance of growth stocks to fade any time soon, as long
as corporate earnings continue to improve and hopes remain for
stronger economic growth.
Read more
UPDATE 1-UPS air maintenance workers threaten strike ahead of shareholders meeting
April 30 (Reuters) - A union representing 1,200 U.S. air
maintenance workers at United Parcel Service Inc turned
up pressure on the company on Sunday to settle a three-year
contract dispute, saying it would seek clearance to strike.
Read more
maintenance workers at United Parcel Service Inc turned
up pressure on the company on Sunday to settle a three-year
contract dispute, saying it would seek clearance to strike.
Read more
NextEra shares could return 20 percent over next 12 months -Barron's
April 30 (Reuters) - Shares of Florida utility NextEra
Energy Inc could return 20 percent over the next year,
including a 2.9 percent dividend, Barron's wrote over the
weekend.
Read more
Energy Inc could return 20 percent over the next year,
including a 2.9 percent dividend, Barron's wrote over the
weekend.
Read more
MEDIA LINK-Target to open store on New York's Lower East Side -WSJ
NEW YORK, April 30 (Reuters) - https://www.wsj.com/articles/target-comes-to-the-lower-east-side-1493551319
Read more
Read more
UPS air maintenance workers threaten strike ahead of shareholders meeting
April 30 (Reuters) - A union representing 1,200 U.S. air
maintenance workers at United Parcel Service Inc turned
up pressure on the company on Sunday to settle a three-year
contract dispute, saying it would seek clearance to strike.
Read more
maintenance workers at United Parcel Service Inc turned
up pressure on the company on Sunday to settle a three-year
contract dispute, saying it would seek clearance to strike.
Read more
Saturday, April 29, 2017
Zalando ponders opening stores in major cities -Manager Magazin
BERLIN, April 29 (Reuters) - Online fashion retailer Zalando
is pondering opening stores in major cities such as
London, Paris or Berlin, the company's co-chief executive told
Germany's Manager Magazin.
Read more
is pondering opening stores in major cities such as
London, Paris or Berlin, the company's co-chief executive told
Germany's Manager Magazin.
Read more
Japan's Abe says Brexit regulation whiplash would be a concern for business
LONDON, April 29 (Reuters) - Japanese Prime Minister Shinzo
Abe said that if the United Kingdom left the European Union with
an abrupt change of rules for businesses then it could cause
confusion for international firms.
Read more
Abe said that if the United Kingdom left the European Union with
an abrupt change of rules for businesses then it could cause
confusion for international firms.
Read more
Google gets Australian tax office demand to pay more, says to fight it
SYDNEY, April 29 (Reuters) - Alphabet Inc's Google
said it will challenge amended tax assessments issued by the
Australian Taxation Office (ATO), which is trying to claw back
billions of dollars from multinational corporations citing
unpaid taxes.
Read more
said it will challenge amended tax assessments issued by the
Australian Taxation Office (ATO), which is trying to claw back
billions of dollars from multinational corporations citing
unpaid taxes.
Read more
Friday, April 28, 2017
Amazon's moves beyond retail get Wall Street thumbs up, for now
SAN FRANCISCO, April 28 (Reuters) - Amazon.com Inc's
ventures far beyond online retail, from cloud computing
to movie making, are raising questions among corporate strategy
experts about its focus.
Read more
ventures far beyond online retail, from cloud computing
to movie making, are raising questions among corporate strategy
experts about its focus.
Read more
CORRECTED-BRIEF-American Savings Bank reports Q1 net income of $15.8 mln
* American Savings Bank net income of $15.8 million for Q1
of 2017 compared to $12.7 million in Q1 of 2016
Read more
of 2017 compared to $12.7 million in Q1 of 2016
Read more
UPDATE 3-Apple, Tesla ask California to change proposed self-driving car test policy
April 28 (Reuters) - Apple Inc urged California to
toughen up its proposed policy on testing self-driving cars, a
move that would result in more public data that could help Apple
catch up to rivals in the self-driving space by giving it a
better window into their strengths and weaknesses.
Read more
toughen up its proposed policy on testing self-driving cars, a
move that would result in more public data that could help Apple
catch up to rivals in the self-driving space by giving it a
better window into their strengths and weaknesses.
Read more
NRG director wins strong shareholder support despite NYC opposition
BOSTON, April 28 (Reuters) - A director at NRG Energy Inc
was elected to its board with a strong margin of votes cast, a
securities filing showed on Friday, overcoming concerns about
his comments on climate change and the intentions of the
activist investors who backed him at the New Jersey power
company.
Read more
was elected to its board with a strong margin of votes cast, a
securities filing showed on Friday, overcoming concerns about
his comments on climate change and the intentions of the
activist investors who backed him at the New Jersey power
company.
Read more
Tesla must complete brake fix to regain top safety rating -Consumer Reports
DETROIT, April 28 (Reuters) - Tesla Inc needs to
complete fixing its Model S sedan emergency braking system to
regain Consumer Reports' top safety rating, the magazine said on
Friday, noting that a recent update by the luxury electric car
maker was not enough.
Read more
complete fixing its Model S sedan emergency braking system to
regain Consumer Reports' top safety rating, the magazine said on
Friday, noting that a recent update by the luxury electric car
maker was not enough.
Read more
UPDATE 4-Brazil protesters, police clash in first general strike in decades
SAO PAULO/BRASILIA, April 28 (Reuters) - Brazilian
protesters torched buses, clashed with police in several cities
and marched on President Michel Temer's Sao Paulo residence on
Friday amid the nation's first general strike in more than two
decades.
Read more
protesters torched buses, clashed with police in several cities
and marched on President Michel Temer's Sao Paulo residence on
Friday amid the nation's first general strike in more than two
decades.
Read more
U.S. FDA approves Takeda's lung cancer drug as 2nd-line treatment
April 28 (Reuters) - Japan's Takeda Pharmaceutical Co Ltd
said on Friday that the U.S. Food and Drug
Administration approved its lung cancer drug, almost three
months after the company acquired the drug's developer, Ariad
Pharmaceuticals Inc.
Read more
said on Friday that the U.S. Food and Drug
Administration approved its lung cancer drug, almost three
months after the company acquired the drug's developer, Ariad
Pharmaceuticals Inc.
Read more
BRIEF-C.H. Robinson Worldwide, units enter into receivables purchase agreement
* C.H. Robinson Worldwide Inc says on april 26, co, co's
unit entered into a receivables purchase agreement - sec filing
Source text: (http://bit.ly/2oR6kdC)
Further company coverage:
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unit entered into a receivables purchase agreement - sec filing
Source text: (http://bit.ly/2oR6kdC)
Further company coverage:
Read more
UPDATE 1-Camping World-led group wins bankruptcy auction for Gander Mountain
April 28 (Reuters) - The largest U.S. recreational vehicle
dealer, Camping World Holdings Inc, and a group of
liquidators won a bankruptcy auction for sporting goods retailer
Gander Mountain Co on Friday, according to a
bankruptcy court filing.
Read more
dealer, Camping World Holdings Inc, and a group of
liquidators won a bankruptcy auction for sporting goods retailer
Gander Mountain Co on Friday, according to a
bankruptcy court filing.
Read more
BRIEF-Power Corporation's president and co-CEO André Desmarais takes medical leave of absence
* Power Corporation's deputy chairman, president and co-ceo
André Desmarais takes medical leave of absence
Read more
André Desmarais takes medical leave of absence
Read more
U.S. dollar net longs little changed from last week-CFTC, Reuters data
April 28 (Reuters) - Net long positions on the U.S. dollar
were little changed from last week, according to calculations by
Reuters and Commodity Futures Trading Commission data released
on Friday.
Read more
were little changed from last week, according to calculations by
Reuters and Commodity Futures Trading Commission data released
on Friday.
Read more
BRIEF-TFS Financial qtrly earnings per share $0.08
* Qtrly net interest income was $70.3 million for three
months ended March 31, 2017 versus $67.8 million
Source text for Eikon:
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months ended March 31, 2017 versus $67.8 million
Source text for Eikon:
Further company coverage:
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BRIEF-Alder Biopharmaceuticals says presentation of positive data from Phase 2B clinical trial evaluating Eptinezumab for prevention of migraine
* Eptinezumab emerging clinical profile suggests migraine
preventative benefit achieved as soon as 24-48 hours after
single infusion
Read more
preventative benefit achieved as soon as 24-48 hours after
single infusion
Read more
Peru's Grana y Montero reports $24.4 million profit
LIMA, April 28 (Reuters) - Grana y Montero
, Peru's biggest construction conglomerate, posted a
profit of 79.1 million soles ($24.40 million) in the first
quarter due to the sale of real estate assets, the company said
on Friday.
Read more
, Peru's biggest construction conglomerate, posted a
profit of 79.1 million soles ($24.40 million) in the first
quarter due to the sale of real estate assets, the company said
on Friday.
Read more
BRIEF-Universal Insurance Holdings says CEO Sean Downes' FY 2016 total compensation was $16.3 million
* CEO Sean Downes' FY 2016 total compensation was $16.3
million versus $25 million in FY 2015 - SEC filing
Source text: (http://bit.ly/2qfaMrg)
Further company coverage:
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million versus $25 million in FY 2015 - SEC filing
Source text: (http://bit.ly/2qfaMrg)
Further company coverage:
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BRIEF-Novartis says U.S. wholesale acquisition cost of Rydapt for AML indication to be $7,495 for 14-day package
* Says U.S. wholesale acquisition cost of Rydapt for AML
indication is $7,495 for 14-day package and $14,990 for 28-day
package - spokeswoman
Further company coverage:
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indication is $7,495 for 14-day package and $14,990 for 28-day
package - spokeswoman
Further company coverage:
Read more
BRIEF-Waterstone Financial quarterly earnings per share $0.24
* Waterstone financial inc qtrly net interest income $11.9 million versus
$10 million
Source text - (http://bit.ly/2qmY7ir)
Further company coverage:
Read more
$10 million
Source text - (http://bit.ly/2qmY7ir)
Further company coverage:
Read more
BRIEF-Old Point Financial Q1 earnings per share $0.19
* Q1 net interest income $7.1 million versus $6.6 million
Source text for Eikon:
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Source text for Eikon:
Further company coverage:
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U.S. SEC charges ex-executives over accounting at government contractor L3
WASHINGTON, April 28 (Reuters) - U.S. regulators on Friday
filed civil charges against two former executives at government
contractor L3 Technologies over accounting violations
that led the company to improperly recognize $17.9 million in
revenue from a contract with the U.S. Army.
Read more
filed civil charges against two former executives at government
contractor L3 Technologies over accounting violations
that led the company to improperly recognize $17.9 million in
revenue from a contract with the U.S. Army.
Read more
EU mergers and takeovers (April 28)
BRUSSELS, April 28 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
Read more
under review by the European Commission and a brief guide to the
EU merger process:
Read more
BRIEF-Bayer still sees competition after Monsanto takeover
* Says assumes that there will still be considerable
competition even after Monsanto deal is completed
Further company coverage:
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competition even after Monsanto deal is completed
Further company coverage:
Read more
UPDATE 1-Deutsche Post to deliver groceries for AmazonFresh in Germany
* Deutsche Post to keep operating its own online supermarket
(Recasts lead, adds Deutsche Post CEO's comment)
Read more
(Recasts lead, adds Deutsche Post CEO's comment)
Read more
BRIEF-Medical Transcription Billing sees 2017 rev of $30 mln to $31 mln
* Medical transcription billing corp - company anticipates
full year 2017 revenue of approximately $30 to $31 million
Read more
full year 2017 revenue of approximately $30 to $31 million
Read more
BRIEF-Time Inc board comments on interest in co; to pursue co's own strategic plan
* Time inc. Board comments on interest in company;
determines to pursue the company's own strategic plan
Read more
determines to pursue the company's own strategic plan
Read more
BRIEF-Weatherford International Q1 loss per share $0.45
* Q1 earnings per share view $-0.31, revenue view $1.36
billion -- Thomson Reuters I/B/E/S
Source text for Eikon:
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billion -- Thomson Reuters I/B/E/S
Source text for Eikon:
Further company coverage:
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BRIEF-Lifepoint Health Q1 earnings per share $1.46
* Q1 earnings per share view $1.02, revenue view $1.63
billion -- Thomson Reuters I/B/E/S
Source text for Eikon:
Further company coverage:
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billion -- Thomson Reuters I/B/E/S
Source text for Eikon:
Further company coverage:
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BRIEF-Autoliv sees organic sales growth, roughly flat margin in Q2
* Says for Q2 of 2017, company expects organic sales to
increase by around 2% and an adjusted operating margin of around
8.5%
Read more
increase by around 2% and an adjusted operating margin of around
8.5%
Read more
CORRECTED-UPDATE 2-Zodiac aims to complete Safran deal, CEO offers resignation
PARIS, April 28 (Reuters) - Zodiac Aerospace said
its chief executive planned to quit and added to a litany of
profit warnings as it reaffirmed hopes of merging with engine
maker Safran to end a prolonged crisis in its aircraft
seats plants.
Read more
its chief executive planned to quit and added to a litany of
profit warnings as it reaffirmed hopes of merging with engine
maker Safran to end a prolonged crisis in its aircraft
seats plants.
Read more
Safran confirms talks to buy Zodiac Aerospace continue
PARIS, April 28 (Reuters) - Safran said on Friday
its talks to buy Zodiac Aerospace were continuing
after the French company issued a new profit warning.
Read more
its talks to buy Zodiac Aerospace were continuing
after the French company issued a new profit warning.
Read more
Crushing blow to soy processors as Chinese grow wary on GMO
BEIJING, April 28 (Reuters) - A Chinese consumer backlash
against genetically modified (GMO) crops is beginning to dent
demand for soy oil, the nation's main cooking oil, and could
spell crisis for the multi-billion-dollar crushing industry,
which depends on GMO soybeans from the United States and
elsewhere.
Read more
against genetically modified (GMO) crops is beginning to dent
demand for soy oil, the nation's main cooking oil, and could
spell crisis for the multi-billion-dollar crushing industry,
which depends on GMO soybeans from the United States and
elsewhere.
Read more
METALS-Copper finds support despite weak China outlook
SYDNEY, April 28 (Reuters) - Copper tracked modestly higher
on Friday with traders saying some investors were active buying
on price dips, but warning at the same time that broader
industry sentiment pointed to a weaker outlook.
Read more
on Friday with traders saying some investors were active buying
on price dips, but warning at the same time that broader
industry sentiment pointed to a weaker outlook.
Read more
Thursday, April 27, 2017
BRIEF-Regeneron and Sanofi announce Kevzara license application resubmission for review by FDA
* Regeneron and Sanofi announce Kevzara® (sarilumab)
Biologics License Application resubmission accepted for review
by U.S. FDA
Read more
Biologics License Application resubmission accepted for review
by U.S. FDA
Read more
MTU Aero Engines beats forecasts thanks to maintenance division
BERLIN, April 28 (Reuters) - German aircraft engine maker
MTU Aero Engines reported a better than expected 19.6
percent rise in first quarter profit, driven by its business
maintaining commercial jet engines.
The company, whose customers include planemakers Boeing
, Airbus and Bombardier, reported
adjusted earnings before interest and tax (EBIT) of 157 million
euros ($170.6 million), against average analyst expectations
for 140 million euros.
Read more
MTU Aero Engines reported a better than expected 19.6
percent rise in first quarter profit, driven by its business
maintaining commercial jet engines.
The company, whose customers include planemakers Boeing
, Airbus and Bombardier, reported
adjusted earnings before interest and tax (EBIT) of 157 million
euros ($170.6 million), against average analyst expectations
for 140 million euros.
Read more
Genzyme, CHC lift Sanofi's first-quarter figures, upbeat on Dupixent
PARIS, April 28 (Reuters) - French drugmaker Sanofi reported
higher-than-expected first-quarter profits on Friday, buoyed by
its specialty care division Genzyme, by vaccines, and by
consumer products acquired from Germany's Boehringer Ingelheim.
Read more
higher-than-expected first-quarter profits on Friday, buoyed by
its specialty care division Genzyme, by vaccines, and by
consumer products acquired from Germany's Boehringer Ingelheim.
Read more
UK Stocks-Factors to watch on April 28
April 28 (Reuters) - Britain's FTSE 100 index is seen opening up 1
point at 7,238 on Friday, according to financial bookmakers.
* BARCLAYS: British bank Barclays Plc faces shareholder revolt over
whistleblower inquiry after a corporate governance firm advised shareholders not
to back his re-election to the board, The Times reported on Friday. (http://bit.ly/2qdvJ63)
* BP: BP Plc was restoring production on Thursday afternoon at two
crude distillation units at its 4
Read more
point at 7,238 on Friday, according to financial bookmakers.
* BARCLAYS: British bank Barclays Plc faces shareholder revolt over
whistleblower inquiry after a corporate governance firm advised shareholders not
to back his re-election to the board, The Times reported on Friday. (http://bit.ly/2qdvJ63)
* BP: BP Plc was restoring production on Thursday afternoon at two
crude distillation units at its 4
Read more
Morning News Call - India, April 28
(India Morning Newsletter will not be published on Monday, May 1 as markets are
closed for Maharashtra Din and May Day)
To access the newsletter, click on the link:
http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04282017.pdf
If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/
FACTORS TO WATCH
9:30 am: Junior Finance Minister Arjun Meghwal at an industry event
Read more
BRIEF-NCS Multistage Holdings prices IPO of 9.5 mln shares of common stock at $17/shr
* Prices initial public offering of 9.5 million shares of
common stock at a public offering price of $17.00 per share
Source text for Eikon:
Further company coverage:
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common stock at a public offering price of $17.00 per share
Source text for Eikon:
Further company coverage:
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PRECIOUS-Gold on track for biggest weekly decline in seven weeks
April 28 (Reuters) - Gold was little changed on Friday but
poised for the biggest weekly fall in seven weeks as investors
sought out riskier assets, dampening demand for gold, which pays
no interest.
FUNDAMENTALS
* Spot gold was steady at $1,263.81 per ounce, as of
0100 GMT.
* Gold is on track for the largest weekly percentage fall
since the week of March 10, down about 1.6 percent, but is
heading towards a gain of about 1.2 percent for the month.
* U.S. gold futures
Read more
poised for the biggest weekly fall in seven weeks as investors
sought out riskier assets, dampening demand for gold, which pays
no interest.
FUNDAMENTALS
* Spot gold was steady at $1,263.81 per ounce, as of
0100 GMT.
* Gold is on track for the largest weekly percentage fall
since the week of March 10, down about 1.6 percent, but is
heading towards a gain of about 1.2 percent for the month.
* U.S. gold futures
Read more
BRIEF-Home Capital Group announces resignation of Jim Keohane from board
* Keohane is president and CEO of healthcare of Ontario
Pension Plan, which today agreed to provide $2 billion line of
credit to Co
Read more
Pension Plan, which today agreed to provide $2 billion line of
credit to Co
Read more
UPDATE 5-Google parent Alphabet's profit up 29 pct on strong ad sales
April 27 (Reuters) - Google parent Alphabet Inc
posted a surge in profit and revenue on Thursday as its core
advertising business continued to grow at an extraordinary rate
and problems such as an advertiser boycott of YouTube had little
impact.
Read more
posted a surge in profit and revenue on Thursday as its core
advertising business continued to grow at an extraordinary rate
and problems such as an advertiser boycott of YouTube had little
impact.
Read more
UPDATE 1-U.S. software company Cloudera beats expectations in IPO: source
April 27 (Reuters) - U.S. software company Cloudera Inc
raised $225 million in an initial public offering on
Thursday, a source familiar with the situation said, giving the
company a market valuation of about $1.9 billion, a steep fall
from the $4.1 billion it was once valued at in the private
market.
Read more
raised $225 million in an initial public offering on
Thursday, a source familiar with the situation said, giving the
company a market valuation of about $1.9 billion, a steep fall
from the $4.1 billion it was once valued at in the private
market.
Read more
Software company Cloudera raises $225 million in IPO -source
April 27 (Reuters) - Software company Cloudera Inc
raised $225 million in an initial public offering on Thursday, a
source familiar with the situations said, giving the company a
market valuation of about $1.9 billion, a steep fall from the
$4.1 billion it was once valued at in the private market.
Read more
raised $225 million in an initial public offering on Thursday, a
source familiar with the situations said, giving the company a
market valuation of about $1.9 billion, a steep fall from the
$4.1 billion it was once valued at in the private market.
Read more
BRIEF-Gemalto Q1 revenue fell 6 percent to eur 651 million
* Launched a transition plan expected to contribute over eur 50 million to profit from
operations annually
Read more
operations annually
Read more
UPDATE 1-Third Point wants Honeywell to spin off aerospace
NEW YORK, April 27 (Reuters) - Third Point LLC said
Honeywell International Inc. should separate its
aerospace division, a move that would create more than $20
billion in shareholder value, according to the hedge fund.
Read more
Honeywell International Inc. should separate its
aerospace division, a move that would create more than $20
billion in shareholder value, according to the hedge fund.
Read more
BRIEF-MoneyGram Executive Chairman Pamela Patsley's 2016 total compensation $3.3 mln vs $10.9 mln
* MoneyGram International Inc's executive chairman Pamela
Patsley's 2016 total compensation was $3.3 million versus $10.9
million in 2015
Source text for Eikon:
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Patsley's 2016 total compensation was $3.3 million versus $10.9
million in 2015
Source text for Eikon:
Further company coverage:
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BRIEF-ILOOKABOUT reports $5 mln bought deal financing
* ILOOKABOUT Inc - to sell 20 million common shares of
company at a price of $0.25 per common share
Read more
company at a price of $0.25 per common share
Read more
UPDATE 2-JPMorgan Chase & Co leaves blockchain consortium R3
NEW YORK, April 27 (Reuters) - JPMorgan Chase & Co has left
the mammoth bank blockchain consortium led by New York-based
startup R3 CEV, the latest member to depart over the course of
the company's fundraising process, R3 confirmed on Thursday.
Read more
the mammoth bank blockchain consortium led by New York-based
startup R3 CEV, the latest member to depart over the course of
the company's fundraising process, R3 confirmed on Thursday.
Read more
CORRECTED-United Airlines reaches settlement with passenger dragged from plane
April 27 (Reuters) - United Airlines has a reached a
settlement for an undisclosed sum with the passenger who was
dragged from a Chicago flight earlier this month in an incident
that sparked international outrage, an attorney for the
passenger said on Thursday.
Read more
settlement for an undisclosed sum with the passenger who was
dragged from a Chicago flight earlier this month in an incident
that sparked international outrage, an attorney for the
passenger said on Thursday.
Read more
UPDATE 1-U.S. FDA approves Biomarin's Batten disease drug
April 27 (Reuters) - The U.S. Food and Drug Administration
said on Thursday it had approved Biomarin Pharmaceutical Inc's
drug to treat a type of Batten disease, an extremely
rare disorder that mainly impacts the nervous system.
Read more
said on Thursday it had approved Biomarin Pharmaceutical Inc's
drug to treat a type of Batten disease, an extremely
rare disorder that mainly impacts the nervous system.
Read more
Alphabet CEO touts results of corporate restructuring
April 27 (Reuters) - Alphabet Chief Executive Larry Page
said on Thursday the holding company structure for search unit
Google and a host of new businesses is working well.
Read more
said on Thursday the holding company structure for search unit
Google and a host of new businesses is working well.
Read more
Suncor evaluates potential oil-sand deals as global majors exit
CALGARY, Alberta, April 27 (Reuters) - Suncor Energy
, Canada's largest energy producer, is still evaluating
opportunities for oil sands acquisitions in northern Alberta as
foreign oil majors exit the high-cost region, Chief Executive
Steve Williams said on Thursday.
Read more
, Canada's largest energy producer, is still evaluating
opportunities for oil sands acquisitions in northern Alberta as
foreign oil majors exit the high-cost region, Chief Executive
Steve Williams said on Thursday.
Read more
BRIEF-General Electric says awarded contract with Toshiba Plant System & Services Corp
* Awarded contract with Toshiba Plant System & Services Corp
to supply equipment for CEL II 135 MW coal fired power plant
Read more
to supply equipment for CEL II 135 MW coal fired power plant
Read more
US STOCKS-Tech earnings power Nasdaq to record high; S&P, Dow flat
* Dow down 0.07 pct, S&P down 0.05 pct, Nasdaq up 0.26 pct
(Adds details, comments, updates prices)
Read more
(Adds details, comments, updates prices)
Read more
Symphony adds large asset management clients in chat tool push
April 27 (Reuters) - Symphony Communications Services LLC
said on Thursday it had added a number of large asset managers
as customers including AB, Balyasny Asset Management LP, Boston
Partners and T. Rowe Price Group.
Read more
said on Thursday it had added a number of large asset managers
as customers including AB, Balyasny Asset Management LP, Boston
Partners and T. Rowe Price Group.
Read more
BRIEF-Eldorado Resorts and Isle Of Capri casinos say received regulatory approvals for merger
* Eldorado Resorts - Co, Isle Of Capri casinos received all
consents, approvals from state gaming commissions to consummate
previously announced merger
Read more
consents, approvals from state gaming commissions to consummate
previously announced merger
Read more
BRIEF-Ultragenyx initiates phase 3 study of UX007 in patients with disabling movement disorders
* Ultragenyx initiates global phase 3 study of UX007 in
GLUT1 DS patients with disabling movement disorders
Source text for Eikon:
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GLUT1 DS patients with disabling movement disorders
Source text for Eikon:
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BRIEF-CVR Partners Q1 loss per share $0.09
* CVR Partners reports 2017 first quarter results and
announces cash distribution of 2 cents
Read more
announces cash distribution of 2 cents
Read more
Domino's Pizza quarterly profit jumps 37.4 pct
April 27 (Reuters) - Domino's Pizza Inc's reported a
37.4 percent rise in quarterly profit, helped by higher demand
in the United States and more revenue from franchisees.
Read more
37.4 percent rise in quarterly profit, helped by higher demand
in the United States and more revenue from franchisees.
Read more
RPT-UPDATE 2-Mexican peso swing drives BBVA profit jump but Spain drags
MADRID, April 27 (Reuters) - BBVA reported a 70
percent rise in first-quarter profit on Thursday, helped by
improving business conditions in the bank's largest market
Mexico, though its shares fell due to weakness in Spain.
Read more
percent rise in first-quarter profit on Thursday, helped by
improving business conditions in the bank's largest market
Mexico, though its shares fell due to weakness in Spain.
Read more
Southwest profit falls 31.6 pct
April 27 (Reuters) - Southwest Airlines Co reported
a 31.6 percent fall in quarterly profit on Thursday as operating
expenses rose and average fares fell.
Read more
a 31.6 percent fall in quarterly profit on Thursday as operating
expenses rose and average fares fell.
Read more
BASF still out for agchem deals after missing out in auction
FRANKFURT, April 27 (Reuters) - German chemicals giant BASF
said it would continue to push for acquisitions to
shore up its crop protection business, after the
antitrust-related sale of assets from the merger of Dow Chemical
and DuPont left it empty-handed.
Read more
said it would continue to push for acquisitions to
shore up its crop protection business, after the
antitrust-related sale of assets from the merger of Dow Chemical
and DuPont left it empty-handed.
Read more
UPDATE 1-AstraZeneca hopes to escape drug sales trough in second half
* Focus on pivotal lung cancer trial results due mid-year
(Adds analyst comment, shares, detail on competitors)
Read more
(Adds analyst comment, shares, detail on competitors)
Read more
Airbus CFO says A330 production sustainable at 6 aircraft per month
PARIS, April 27 (Reuters) - Airbus will run out of orders
for the current version of its A330 jet in 2019, but is
confident of filling gaps in the production line for the rest of
that year with further sales, finance director Harald Wilhelm
said on Thursday.
Read more
for the current version of its A330 jet in 2019, but is
confident of filling gaps in the production line for the rest of
that year with further sales, finance director Harald Wilhelm
said on Thursday.
Read more
Wednesday, April 26, 2017
BRIEF-Lloyds bank CEO says does not expect any rate hike in 2017
* Lloyds bank CEO says does not expect any base interest
rate increase in 2017
Source text for Eikon:
Further company coverage:
(Reporting by Lawrence White)
Read more
rate increase in 2017
Source text for Eikon:
Further company coverage:
(Reporting by Lawrence White)
Read more
Nikkei dips taking cues from Wall Street, sentiment firm
TOKYO, April 27 (Reuters) - Japan's Nikkei share average
dipped on Thursday tracking retreat in Wall Street shares on
disappointment over the U.S. tax plan, but advancers outnumbered
decliners by almost two-to-one on strong sentiment following
receding political worries in Europe.
Read more
dipped on Thursday tracking retreat in Wall Street shares on
disappointment over the U.S. tax plan, but advancers outnumbered
decliners by almost two-to-one on strong sentiment following
receding political worries in Europe.
Read more
Airbus Q1 core profit down 52 pct, reaffirms targets
PARIS, April 27 (Reuters) - Europe's Airbus on
Thursday posted a 52 percent drop in first-quarter profit,
weighed down by weaker prices for some jets as it changes over
to new models and higher production costs, but reaffirmed
targets for higher profits for the year.
Read more
Thursday posted a 52 percent drop in first-quarter profit,
weighed down by weaker prices for some jets as it changes over
to new models and higher production costs, but reaffirmed
targets for higher profits for the year.
Read more
BRIEF-Barnes & Noble names Demos Parneros CEO - NYT
* Barnes & Noble names Demos Parneros chief executive, its
fourth since 2013 - NYT
Source text - http://nyti.ms/2q9HwlW
Further company coverage:
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fourth since 2013 - NYT
Source text - http://nyti.ms/2q9HwlW
Further company coverage:
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UPDATE 2-China March industrial profits soar 23.8 pct on building boom but pace slowing
* But rate of growth is slowing as commodities prices recoil
(Adds breakdown by sectors and quotes from stats bureau)
Read more
(Adds breakdown by sectors and quotes from stats bureau)
Read more
BRIEF-Verona Pharma announces pricing of global offering, approval to list on NASDAQ
* Verona Pharma announces pricing of global offering and
approval to list on the NASDAQ global market
Read more
approval to list on the NASDAQ global market
Read more
China, Europe pledge closer aviation ties ahead of landmark jet launch
SHANGHAI, April 27 (Reuters) - Chinese and European aviation
regulators said on Thursday they will forge closer ties over
aircraft manufacturing and certification as the global industry
turns its eyes to China ahead of the maiden flight of the
Chinese-built C919 jet.
Read more
regulators said on Thursday they will forge closer ties over
aircraft manufacturing and certification as the global industry
turns its eyes to China ahead of the maiden flight of the
Chinese-built C919 jet.
Read more
UPDATE 2-Canadian police investigate Facebook beating video in murder case
WINNIPEG, Manitoba, April 26 (Reuters) - Canadian police
said on Wednesday they were investigating whether a beating
captured on video, reported to have been distributed through
social networking site Facebook Inc, may be connected to
a young woman's murder.
Read more
said on Wednesday they were investigating whether a beating
captured on video, reported to have been distributed through
social networking site Facebook Inc, may be connected to
a young woman's murder.
Read more
UPDATE 1-U.S. launches national security probe into aluminum imports
WASHINGTON, April 26 (Reuters) - The U.S. Commerce
Department launched an investigation on Wednesday to determine
whether a flood of aluminum imports from China and elsewhere was
compromising U.S. national security, a step that could lead to
broad import restrictions on the metal.
Read more
Department launched an investigation on Wednesday to determine
whether a flood of aluminum imports from China and elsewhere was
compromising U.S. national security, a step that could lead to
broad import restrictions on the metal.
Read more
BRIEF-Tenaris reports qtrly earnings per share $0.17
* Estimate that global demand for octg products in 2017 will
increase in range of 35-40% with respect to 2016
Read more
increase in range of 35-40% with respect to 2016
Read more
PRECIOUS-Gold off 2-week lows on Trump tax reform doubts; BOJ, ECB awaited
April 27 (Reuters) - Gold on Thursday edged away from
two-week lows hit in the previous session on scepticism over
President Trump's proposed U.S. tax reform, with markets
awaiting central bank meetings in Europe and Japan.
FUNDAMENTALS
* Spot gold was down 0.1 percent at $1,266.80 per
ounce, as of 0115 GMT. Bullion prices edged away from a two-week
low of 1,259.90 hit in the previous session.
* U.S. gold futures climbed 0.3 percent to $1,267.70
an ounce.
Read more
two-week lows hit in the previous session on scepticism over
President Trump's proposed U.S. tax reform, with markets
awaiting central bank meetings in Europe and Japan.
FUNDAMENTALS
* Spot gold was down 0.1 percent at $1,266.80 per
ounce, as of 0115 GMT. Bullion prices edged away from a two-week
low of 1,259.90 hit in the previous session.
* U.S. gold futures climbed 0.3 percent to $1,267.70
an ounce.
Read more
Shares in Takata suspended after reported bankruptcy filing plan
TOKYO, April 27 (Reuters) - Trading in shares of Japan's
Takata Corp was suspended on Thursday after a newspaper
report that the embattled auto parts maker was considering
filing for bankruptcy protection, selling all operations to a
newly created company.
Read more
Takata Corp was suspended on Thursday after a newspaper
report that the embattled auto parts maker was considering
filing for bankruptcy protection, selling all operations to a
newly created company.
Read more
UPDATE 1-Mexico's Televisa sees 1st-qtr profit surge on forex gains
MEXICO CITY, April 26 (Reuters) - Mexican broadcaster Grupo
Televisa's first-quarter profit jumped on Wednesday, rising 125
percent compared with the same quarter last year, largely thanks
to currency fluctuations.
Read more
Televisa's first-quarter profit jumped on Wednesday, rising 125
percent compared with the same quarter last year, largely thanks
to currency fluctuations.
Read more
Mexico broadcaster Televisa's 1st-qtr profit jumps 125 percent to $72 mln
MEXICO CITY, April 26 (Reuters) - Mexican broadcaster Grupo
Televisa on Wednesday reported a first-quarter
profit of 1.35 billion pesos ($72.1 million), up 125 percent
compared with the same period last year.
Read more
Televisa on Wednesday reported a first-quarter
profit of 1.35 billion pesos ($72.1 million), up 125 percent
compared with the same period last year.
Read more
Australia's Wesfarmers says Q3 supermarket sales up 1.2 pct
SYDNEY, April 27 (Reuters) - Australia's Wesfarmers Ltd
, owner of the country's No. 2 grocery chain, said third
quarter food and liquor sales rose 1.2 percent as a strategy of
cutting shelf prices to win customers was offset by higher
wholesale prices.
Read more
, owner of the country's No. 2 grocery chain, said third
quarter food and liquor sales rose 1.2 percent as a strategy of
cutting shelf prices to win customers was offset by higher
wholesale prices.
Read more
BRIEF-Oil States International reports Q1 loss per share $0.35
* Offshore/manufactured products backlog at three months
ended March 31, 2017 $204.4 million versus $305.6 million
Read more
ended March 31, 2017 $204.4 million versus $305.6 million
Read more
BRIEF-FS Bancorp Inc reports Q1 earnings per share $0.85
* FS Bancorp Inc reports net income for the first quarter of
$2.6 million or $0.85 per diluted share and announces a 10%
increase in the quarterly cash dividend to $0.11 per share
Read more
$2.6 million or $0.85 per diluted share and announces a 10%
increase in the quarterly cash dividend to $0.11 per share
Read more
BRIEF-Traverse Energy reports private placement financing
* Traverse Energy - intends to complete non-brokered private
placement of up to of 5 million common shares and 2.4 million
warrants for gross proceeds of $2 million
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placement of up to of 5 million common shares and 2.4 million
warrants for gross proceeds of $2 million
Source text for Eikon:
Further company coverage:
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UPDATE 4-Trump orders review of national monuments to allow development
WASHINGTON, April 26 (Reuters) - U.S. President Donald Trump
has signed an executive order to allow national monument
designations to be rescinded or reduce the size of sites as the
administration pushes to open up more federal land to drilling,
mining and other development.
Read more
has signed an executive order to allow national monument
designations to be rescinded or reduce the size of sites as the
administration pushes to open up more federal land to drilling,
mining and other development.
Read more
UPDATE 2-Ex-Jefferies Group trader sentenced to two years for fraud
NEW HAVEN, Conn., April 26 (Reuters) - A federal judge in
Connecticut on Wednesday sentenced a former Jefferies Group bond
trader to serve two years in prison and pay a $2 million fine
after he was found guilty earlier this year of defrauding
customers on bond prices.
Read more
Connecticut on Wednesday sentenced a former Jefferies Group bond
trader to serve two years in prison and pay a $2 million fine
after he was found guilty earlier this year of defrauding
customers on bond prices.
Read more
UPDATE 1-U.S. top court grapples over making copycat biologics available sooner
WASHINGTON, April 26 (Reuters) - U.S. Supreme Court justices
on Wednesday struggled over whether to speed up the time it
takes to bring to the market copycat versions of biologic drugs,
expensive medicines that can generate billions of dollars in
sales for drug makers.
Read more
on Wednesday struggled over whether to speed up the time it
takes to bring to the market copycat versions of biologic drugs,
expensive medicines that can generate billions of dollars in
sales for drug makers.
Read more
UPDATE 1-Cargill in consortium that may build Brazil railway -report
SAO PAULO, April 26 (Reuters) - Cargill Inc is part of a
group of grain trading companies analyzing whether to build
Brazil's Ferrogrão railway, which could require investments of
up to 15 billion reais ($4.8 billion), O Estado de S. Paulo
newspaper reported on Wednesday.
Read more
group of grain trading companies analyzing whether to build
Brazil's Ferrogrão railway, which could require investments of
up to 15 billion reais ($4.8 billion), O Estado de S. Paulo
newspaper reported on Wednesday.
Read more
CORRECTED-Trading startup Robinhood raises $110 million in new funding round
NEW YORK, April 26 (Reuters) - Commission-free trading
startup Robinhood has raised $110 million in a round led by
Russian billionaire Yuri Milner's investment group DST Global,
valuing the company at $1.3 billion.
Read more
startup Robinhood has raised $110 million in a round led by
Russian billionaire Yuri Milner's investment group DST Global,
valuing the company at $1.3 billion.
Read more
BRIEF-China Commercial Credit files for mixed shelf offering of up to $30 mln
* China Commercial Credit Inc files for mixed shelf offering
of up to $30 million - SEC filing
Source text (http://bit.ly/2plYM6w)
Further company coverage:
Read more
of up to $30 million - SEC filing
Source text (http://bit.ly/2plYM6w)
Further company coverage:
Read more
Charter, AMC team up to produce original programming
NEW YORK, April 26 (Reuters) - Charter Communications Inc
will develop and produce original programming with AMC
Networks Inc, which is known for the show "The Walking
Dead," to differentiate its content offerings, the cable company
said on Wednesday.
Read more
will develop and produce original programming with AMC
Networks Inc, which is known for the show "The Walking
Dead," to differentiate its content offerings, the cable company
said on Wednesday.
Read more
UPDATE 1-GE fixing bug in software after warning about power grid hacks
April 26 (Reuters) - General Electric Co said on
Wednesday it is fixing a bug in software used to control the
flow of electricity in a utility's power systems after
researchers found that hackers could shut down parts of an
electric grid.
Read more
Wednesday it is fixing a bug in software used to control the
flow of electricity in a utility's power systems after
researchers found that hackers could shut down parts of an
electric grid.
Read more
BRIEF-Transport Canada, EASA award steep approach certifications to Bombardier CS100 aircraft
* Transport Canada and EASA award steep approach
certifications to Bombardier CS100 aircraft
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certifications to Bombardier CS100 aircraft
Source text for Eikon:
Further company coverage:
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BRIEF-W.W. Grainger increases quarterly dividend by 5 percent
* Increases quarterly cash dividend by 5 percent to $1.28
per share
Source text for Eikon:
Further company coverage:
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per share
Source text for Eikon:
Further company coverage:
Read more
MOVES-Oakley Capital says Ralf Schremper to join as a partner
April 25 (Reuters) - Private equity firm Oakley Capital Ltd
said Ralf Schremper would join as a partner, effective
August, to help build the firm's presence in Germany, Austria
and Switzerland.
Read more
said Ralf Schremper would join as a partner, effective
August, to help build the firm's presence in Germany, Austria
and Switzerland.
Read more
Don't write off Brazil despite two bad years -AB InBev CEO
BRUSSELS, April 26 (Reuters) - Anheuser-Busch InBev
, the world's largest brewer, remains convinced about
the potential of the Brazilian consumer market despite declining
beer sales over the past two years and a particularly tough
2016.
Read more
, the world's largest brewer, remains convinced about
the potential of the Brazilian consumer market despite declining
beer sales over the past two years and a particularly tough
2016.
Read more
BRIEF-Western New England Bancorp quarterly earnings per share $0.17
* Western New England Bancorp, Inc reports results for
quarter ended March 31, 2017 and declares quarterly dividend
Read more
quarter ended March 31, 2017 and declares quarterly dividend
Read more
UPDATE 2-Norfolk Southern reports higher first-quarter profit
April 26 (Reuters) - Norfolk Southern Corp, the No.
4 U.S. railroad, reported a higher first-quarter net profit on
Wednesday, as income from railway operations rose and as it
recorded a lower effective income tax rate.
Read more
4 U.S. railroad, reported a higher first-quarter net profit on
Wednesday, as income from railway operations rose and as it
recorded a lower effective income tax rate.
Read more
Hess reports smaller quarterly loss on higher crude prices
April 26 (Reuters) - U.S. oil producer Hess Corp
reported a smaller quarterly loss on Wednesday, helped by an
uptick in crude prices and lower operating costs.
Read more
reported a smaller quarterly loss on Wednesday, helped by an
uptick in crude prices and lower operating costs.
Read more
UPDATE 1-Rockwell Automation bumps up 2017 forecasts
April 26 (Reuters) - Factory automation systems maker
Rockwell Automation Inc raised its revenue and profit
forecasts for fiscal 2017, citing improving outlook for
industrial production growth.
Read more
Rockwell Automation Inc raised its revenue and profit
forecasts for fiscal 2017, citing improving outlook for
industrial production growth.
Read more
BRIEF-Nasdaq Inc Q1 GAAP earnings per share $0.99
* Q1 GAAP earnings per share $0.99; Q1 non-GAAP earnings per
share $1.10; Q1 net revenue $583 million, up 9 percent
Read more
share $1.10; Q1 net revenue $583 million, up 9 percent
Read more
PRESS DIGEST- Canada - April 26
April 26 (Reuters) - The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
KKR to buy Hitachi Kokusai Electric for $2.3 bln
TOKYO, April 26 (Reuters) - U.S. buyout firm KKR said on
Wednesday it has agreed to buy Hitachi Ltd's electronic
equipment unit for 257 billion yen ($2.3 billion) with
investment fund Japan Industrial Partners Inc (JIP).
Read more
Wednesday it has agreed to buy Hitachi Ltd's electronic
equipment unit for 257 billion yen ($2.3 billion) with
investment fund Japan Industrial Partners Inc (JIP).
Read more
UPDATE 1-UK not seeking divide and rule approach in Brexit talks -minister
LONDON, April 26 (Reuters) - Britain will not seek to take a
divide and rule approach with the other 27 member states of the
European Union in upcoming Brexit negotiations, Brexit minister
David Davis said on Wednesday.
Read more
divide and rule approach with the other 27 member states of the
European Union in upcoming Brexit negotiations, Brexit minister
David Davis said on Wednesday.
Read more
BRIEF-Teck doubles dividend and announces dividend policy
* Teck Resources - initial eligible dividend of $0.10 per
share on its outstanding class A common shares and class B
subordinate voting shares
Source text for Eikon:
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share on its outstanding class A common shares and class B
subordinate voting shares
Source text for Eikon:
Further company coverage:
Read more
UPDATE 1-Strong quarter sends broadcaster CME's shares to 3-1/2 year high
PRAGUE, April 26 (Reuters) - Central European Media
Enterprises' (CME) shares soared to a 3-1/2
year high on Wednesday after the broadcaster reported an
estimate-beating 29 percent rise in first-quarter core profit
powered by strengthening ad markets.
Read more
Enterprises' (CME) shares soared to a 3-1/2
year high on Wednesday after the broadcaster reported an
estimate-beating 29 percent rise in first-quarter core profit
powered by strengthening ad markets.
Read more
Lloyds says ex-judge Linda Dobbs to review its handling of fraud case
LONDON, April 26 (Reuters) - Lloyds Banking Group
on Wednesday said it had appointed retired high court judge
Linda Dobbs to review its own handling of a fraud at the Reading
branch of its HBOS unit for which six people were jailed earlier
this year.
Read more
on Wednesday said it had appointed retired high court judge
Linda Dobbs to review its own handling of a fraud at the Reading
branch of its HBOS unit for which six people were jailed earlier
this year.
Read more
UPDATE 1-LSE reports higher income, says exploring investments
April 26 (Reuters) - London Stock Exchange Group
reported higher quarterly income as its clearing and FTSE
Russell index compiling businesses grew strongly, adding it was
exploring investments to drive growth after the collapse of its
proposed Deutsche Boerse merger.
Read more
reported higher quarterly income as its clearing and FTSE
Russell index compiling businesses grew strongly, adding it was
exploring investments to drive growth after the collapse of its
proposed Deutsche Boerse merger.
Read more
Tuesday, April 25, 2017
Swiss stocks - Factors to watch on April 26
ZURICH, April 26 (Reuters) - The Swiss blue-chip SMI
was seen opening 0.12 percent higher at 8,786 points on
Wednesday, according to premarket indications by bank Julius
Baer.
Read more
was seen opening 0.12 percent higher at 8,786 points on
Wednesday, according to premarket indications by bank Julius
Baer.
Read more
BRIEF-Syngenta announces changes to board amid ChemChina takeover
* Says four of syngenta’s existing board members will become
independent directors with effect from the change of control
Read more
independent directors with effect from the change of control
Read more
MIDEAST STOCKS - Factors to watch - April 26
DUBAI, April 26 (Reuters) - Here are some factors that may
affect Middle East stock markets on Wednesday. Reuters has not
verified the press reports and does not vouch for their
accuracy.
Read more
affect Middle East stock markets on Wednesday. Reuters has not
verified the press reports and does not vouch for their
accuracy.
Read more
McDonald's drops plan to sell shares in Japan unit
TOKYO, April 26 (Reuters) - McDonald's Corp has put
on hold plans to sell shares in its Japan unit, which recently
returned to profit for the first time in three years after a
series of food scandals shook consumer confidence in the chain.
The fast food giant has "made the decision to not proceed
with the transaction at this time," Chief Finance Officer Kevin
M. Ozan told investors on a conference call on Tuesday.
Read more
on hold plans to sell shares in its Japan unit, which recently
returned to profit for the first time in three years after a
series of food scandals shook consumer confidence in the chain.
The fast food giant has "made the decision to not proceed
with the transaction at this time," Chief Finance Officer Kevin
M. Ozan told investors on a conference call on Tuesday.
Read more
S.Korea court says Uber violated transport law, latest setback for US firm
SEOUL, April 26 (Reuters) - A South Korean court on
Wednesday ruled that the ride-hailing group Uber Technologies
Inc illegally used private vehicles for commercial
purposes, in the latest legal setback for the U.S. firm in
Asia's fourth biggest economy.
Read more
Wednesday ruled that the ride-hailing group Uber Technologies
Inc illegally used private vehicles for commercial
purposes, in the latest legal setback for the U.S. firm in
Asia's fourth biggest economy.
Read more
BRIEF-MediciNova says exploratory interim clinical outcomes data from clinical trial of MN-166 in ALS
* Says it announced exploratory interim clinical outcomes
data from clinical trial of MN-166 (ibudilast) in ALS presented
at the American Academy of Neurology (AAN) 69th Annual Meeting
in Boston
Read more
data from clinical trial of MN-166 (ibudilast) in ALS presented
at the American Academy of Neurology (AAN) 69th Annual Meeting
in Boston
Read more
U.S. commerce secretary eyes more trade moves -WSJ
WASHINGTON, April 25 (Reuters) - The Trump administration
may undertake trade actions to protect the U.S. semiconductor,
shipbuilding and aluminum industries, citing national security
concerns, Commerce Secretary Wilbur Ross told the Wall Street
Journal in an interview on Tuesday.
Read more
may undertake trade actions to protect the U.S. semiconductor,
shipbuilding and aluminum industries, citing national security
concerns, Commerce Secretary Wilbur Ross told the Wall Street
Journal in an interview on Tuesday.
Read more
METALS-London copper buoyed as dollar drops
SYDNEY, April 26 (Reuters) - London copper held near its
highest in a week on Wednesday as the U.S. dollar lost ground
against the euro in the wake of the French election, making
commodities more affordable for buyers paying with other
currencies.
FUNDAMENTALS
* LME COPPER: London Metal Exchange copper edged up
by 0.2 percent to $5,717 a tonne by 0128 GMT, adding to a 0.9
percent gain from the previous session. LME copper prices on
Tuesday hit a one week top at $5,722 a tonne,
Read more
highest in a week on Wednesday as the U.S. dollar lost ground
against the euro in the wake of the French election, making
commodities more affordable for buyers paying with other
currencies.
FUNDAMENTALS
* LME COPPER: London Metal Exchange copper edged up
by 0.2 percent to $5,717 a tonne by 0128 GMT, adding to a 0.9
percent gain from the previous session. LME copper prices on
Tuesday hit a one week top at $5,722 a tonne,
Read more
BRIEF-Siteone Landscape Supply prices secondary public offering of common stock
* Says secondary public offering of 10.0 million common
shares priced at $47.50 per share
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shares priced at $47.50 per share
Source text for Eikon:
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Trump administration to review dozens of U.S. national monuments
WASHINGTON, April 25 (Reuters) - U.S. President Donald Trump
on Wednesday will order a review of national monuments created
over the past 20 years with an aim toward rescinding or resizing
some of them - part of a broader push to reopen areas to
drilling, mining and other development.
Read more
on Wednesday will order a review of national monuments created
over the past 20 years with an aim toward rescinding or resizing
some of them - part of a broader push to reopen areas to
drilling, mining and other development.
Read more
BRIEF-Canada PM tells Trump he will defend softwood lumber industry - statement
Canadian PM talks to President Trump, "refuted the baseless
allegations" of u.s. Commerce department on lumber - statement
from Trudeau's office
Read more
allegations" of u.s. Commerce department on lumber - statement
from Trudeau's office
Read more
BRIEF-Canadian Equipment Rentals reports qtrly loss per share $0.08
* Qtrly revenue $3.4 million versus $2.4 million last year
Source text for Eikon:
Further company coverage:
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Source text for Eikon:
Further company coverage:
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UPDATE 1-Mexico America Movil profit surges on forex gains
MEXICO CITY, April 25 (Reuters) - Mexican billionaire Carlos
Slim's telecoms company America Movil posted a
sevenfold increase in first-quarter net profit on Tuesday on the
back of foreign exchange gains as the peso appreciated against
the dollar and euro.
Read more
Slim's telecoms company America Movil posted a
sevenfold increase in first-quarter net profit on Tuesday on the
back of foreign exchange gains as the peso appreciated against
the dollar and euro.
Read more
BRIEF-Costco Wholesale says special cash dividend of $7 per share
* Costco Wholesale Corporation reports special cash dividend
of $7.00 per share and increase in quarterly cash dividend
Read more
of $7.00 per share and increase in quarterly cash dividend
Read more
Deals of the day-Mergers and acquisitions
April 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Tuesday:
Read more
acquisitions and disposals were reported by 2000 GMT on Tuesday:
Read more
US STOCKS SNAPSHOT-Nasdaq breaches 6,000 as earnings power Wall St higher
NEW YORK, April 25 (Reuters) - The Nasdaq Composite stock
index hit a record high on Tuesday, while the Dow and S&P 500
brushed against recent peaks as strong earnings underscored the
health of Corporate America.
Read more
index hit a record high on Tuesday, while the Dow and S&P 500
brushed against recent peaks as strong earnings underscored the
health of Corporate America.
Read more
'Star Wars: Episode IX' gets May 2019 release date: Disney
April 25 (Reuters) - The final film in the new "Star Wars"
trilogy, "Star Wars: Episode IX," will be released in May 2019,
movie studio Walt Disney Co said on Tuesday.
Read more
trilogy, "Star Wars: Episode IX," will be released in May 2019,
movie studio Walt Disney Co said on Tuesday.
Read more
UPDATE 1-U.S. Supreme Court may limit where companies can be sued
WASHINGTON, April 25 (Reuters) - The U.S. Supreme Court on
Tuesday appeared poised to clamp down on where corporations can
be sued, a potential setback for plaintiffs' lawyers who strive
to bring cases in courts and locales they consider friendly.
Read more
Tuesday appeared poised to clamp down on where corporations can
be sued, a potential setback for plaintiffs' lawyers who strive
to bring cases in courts and locales they consider friendly.
Read more
Alibaba's Ma champions U.N. e-commerce drive for development
GENEVA, April 25 (Reuters) - Alibaba Executive Chairman Jack
Ma said on Tuesday the Internet should be a utility available to
the whole world, putting his weight behind a U.N. call for
e-commerce to boost developing economies and help fight poverty.
Read more
Ma said on Tuesday the Internet should be a utility available to
the whole world, putting his weight behind a U.N. call for
e-commerce to boost developing economies and help fight poverty.
Read more
JetBlue delays some jet deliveries, swaps Airbus models
NEW YORK, April 25 (Reuters) - JetBlue Airways Corp
said it is postponing delivery of 13 aircraft scheduled for 2019
and 2020, and has swapped its 2018 Airbus order of A321neos to
11 A321ceos, which have an earlier engine design.
Read more
said it is postponing delivery of 13 aircraft scheduled for 2019
and 2020, and has swapped its 2018 Airbus order of A321neos to
11 A321ceos, which have an earlier engine design.
Read more
UPDATE 3-Verizon's bid challenges AT&T's offer for Straight Path-source
* Straight Path shares up 6.4 pct at $118, above the bid
price
(Adds that new bidder for Straight Path is Verizon)
Read more
price
(Adds that new bidder for Straight Path is Verizon)
Read more
UPDATE 2-Wells Fargo shareholders disrupt meeting as fate of board members awaited
PONTE VEDRA BEACH, Fla., April 25 (Reuters) - Wells Fargo &
Co's annual meeting was repeatedly interrupted on
Tuesday by angry shareholders seeking answers about the bank's
sales practices scandal ahead of a vote that could oust the
majority of its board.
Read more
Co's annual meeting was repeatedly interrupted on
Tuesday by angry shareholders seeking answers about the bank's
sales practices scandal ahead of a vote that could oust the
majority of its board.
Read more
UPDATE 1-Valero CEO expects Q2 biofuel costs to be 'a significant headwind'
HOUSTON, April 25 (Reuters) - Valero Energy Corp
Chairman and Chief Executive Joe Gorder said he expects costs
for renewable fuel credits to drag on the company's returns in
the second quarter of 2017.
Read more
Chairman and Chief Executive Joe Gorder said he expects costs
for renewable fuel credits to drag on the company's returns in
the second quarter of 2017.
Read more
Citigroup shareholder meeting briefly interrupted by protesters
NEW YORK, April 25 (Reuters) - The Citigroup Inc
annual shareholder meeting was briefing interrupted by
protesters beating a drum and calling for divestitures from
resource extraction businesses.
Read more
annual shareholder meeting was briefing interrupted by
protesters beating a drum and calling for divestitures from
resource extraction businesses.
Read more
UPDATE 2-Nestle to cut almost 300 UK jobs, move some production to Poland
LONDON, April 25 (Reuters) - Nestle plans to cut
almost 300 jobs in Britain as it simplifies its operations and
moves production of Blue Riband biscuits to Poland, becoming the
latest food and drink maker to reduce its UK operations as the
country prepares to leave the European Union.
Read more
almost 300 jobs in Britain as it simplifies its operations and
moves production of Blue Riband biscuits to Poland, becoming the
latest food and drink maker to reduce its UK operations as the
country prepares to leave the European Union.
Read more
UPDATE 2-Teck Resources profit misses estimates as costs rise, shares slip
TORONTO, April 25 (Reuters) - Teck Resources Ltd
, North America's largest producer of steelmaking coal,
reported earnings and revenue that lagged expectations on
weakness at its zinc unit, sending its U.S.-listed shares down
about 6 percent.
Read more
, North America's largest producer of steelmaking coal,
reported earnings and revenue that lagged expectations on
weakness at its zinc unit, sending its U.S.-listed shares down
about 6 percent.
Read more
BRIEF-Engaged Capital says initiates litigation to restore record date for annual meeting previously announced by Rent-A-Center
* Engaged Capital LLC says initiates litigation in Delaware
to restore record date for annual meeting previously announced
by Rent-A-Center
Read more
to restore record date for annual meeting previously announced
by Rent-A-Center
Read more
UPDATE 1-Freeport hit by Indonesia export ban, permit talks to start
TORONTO, April 25 (Reuters) - Freeport-McMoRan Inc,
the world's biggest publicly listed copper miner, reported
first-quarter results on Tuesday that reflected a months-long
Indonesian export ban at its massive Grasberg mine, which
clipped sales.
Read more
the world's biggest publicly listed copper miner, reported
first-quarter results on Tuesday that reflected a months-long
Indonesian export ban at its massive Grasberg mine, which
clipped sales.
Read more
McDonald's U.S. comparable sales rise 1.7 pct
April 25 (Reuters) - McDonald's Corp reported a
better-than-expected increase in quarterly sales at established
U.S. restaurants, boosted by the expansion of all-day breakfast,
and Big Mac and beverage value promotions.
Read more
better-than-expected increase in quarterly sales at established
U.S. restaurants, boosted by the expansion of all-day breakfast,
and Big Mac and beverage value promotions.
Read more
UPDATE 1-Valero's results beat on strong demand for refined products
April 25 (Reuters) - Valero Energy Corp reported
better-than-expected results as sales in its refining business
shot up 40 percent, helped by robust gasoline demand and
declining refined product inventories in the United States.
Read more
better-than-expected results as sales in its refining business
shot up 40 percent, helped by robust gasoline demand and
declining refined product inventories in the United States.
Read more
UPDATE 1-Israel Chemicals in talks to sell stake in desalination firm IDE
JERUSALEM, April 25 (Reuters) - Israel Chemicals
said on Tuesday it is in talks to sell its 50 percent stake in
water desalination firm IDE Technologies in a deal which Israeli
media reported could fetch about $180 million.
Read more
said on Tuesday it is in talks to sell its 50 percent stake in
water desalination firm IDE Technologies in a deal which Israeli
media reported could fetch about $180 million.
Read more
BRIEF-Prescient closes $40 mln in Series D capital raise
* Prescient closes $40 million in Series D capital raise
Source text for Eikon:
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Source text for Eikon:
Further company coverage:
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BRIEF-Ennis Q4 earnings per share $0.28
* Ennis Inc reports results for the year and quarter ended
February 28, 2017 and sets record date for annual shareholder
meeting
Read more
February 28, 2017 and sets record date for annual shareholder
meeting
Read more
Boeing near decision to launch 737-10 jet -sources
PARIS, April 25 (Reuters) - Boeing is nearing a
decision to launch a larger version of its 737 passenger jet to
counter strong sales of the Airbus A321neo, after a
breakthrough on the design for one of its parts, industry
sources said.
Read more
decision to launch a larger version of its 737 passenger jet to
counter strong sales of the Airbus A321neo, after a
breakthrough on the design for one of its parts, industry
sources said.
Read more
UPDATE 1-Amec Foster's full-year pretax loss doubles to 542 mln stg
April 25 (Reuters) - British oil and gas services company
Amec Foster Wheeler Plc, which is being bought by John
Wood Group Plc, said its full-year losses more than
doubled as oil companies continued to delay or cancel service
contracts.
Read more
Amec Foster Wheeler Plc, which is being bought by John
Wood Group Plc, said its full-year losses more than
doubled as oil companies continued to delay or cancel service
contracts.
Read more
BRIEF-Sibanye Gold investors back Stillwater Mining deal at general meeting
* Resolutions for approval, implementation of acquisition of
Stillwater Mining passed by requisite majority of votes at
meeting at 09:00, April 25
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Stillwater Mining passed by requisite majority of votes at
meeting at 09:00, April 25
Source text for Eikon:
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(Bengaluru Newsroom: +91 806 749 1136)
Read more
Government costs could rise $2.3 bln without Obamacare payments -study
WASHINGTON, April 25 (Reuters) - The U.S. government's costs
could increase by $2.3 billion in 2018 if Congress and President
Donald Trump decide not to fund Obamacare-related payments to
health insurers, according to a study released Tuesday by the
Kaiser Family Foundation.
Read more
could increase by $2.3 billion in 2018 if Congress and President
Donald Trump decide not to fund Obamacare-related payments to
health insurers, according to a study released Tuesday by the
Kaiser Family Foundation.
Read more
UPDATE 1-UK Stocks-Factors to watch on April 25
April 25 (Reuters) - Britain's FTSE 100 index is
seen opening up 18 points on Tuesday, according to financial
bookmakers, with futures up 0.2 percent ahead of the
cash market open.
Read more
seen opening up 18 points on Tuesday, according to financial
bookmakers, with futures up 0.2 percent ahead of the
cash market open.
Read more
Monday, April 24, 2017
BRIEF-Servier,CTI Biopharma expand Pixuvri license and collaboration agreement
* Servier and CTI Biopharma expand license and collaboration
agreement to develop and commercialize Pixuvri
Read more
agreement to develop and commercialize Pixuvri
Read more
Swiss stocks - Factors to watch on April 25
ZURICH, April 25 (Reuters) - The Swiss blue-chip SMI
was seen opening little changed at 8,710 points on Tuesday,
according to premarket indications by bank Julius Baer
.
Read more
was seen opening little changed at 8,710 points on Tuesday,
according to premarket indications by bank Julius Baer
.
Read more
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