* 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
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acquisition of a second property with approved conditional use
permit (cup) located in desert hot springs, California, for
cannabis cultivation
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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)
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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:
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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
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Group's Atrium
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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
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current business activities and working capital needs into Q2 of
2018
Source text for Eikon:
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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
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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:
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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
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