Reuters - Business Today

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Wednesday, August 2, 2017

Apple rally looks set to power Dow beyond 22,000

(Reuters) - U.S. stock indexes looked set to open higher on Wednesday with the Dow Industrials on course to breach the 22,000 mark, driven by a rally in Apple's shares.

Tech stocks bask in Apple glow, Dow eyeing 22,000

LONDON (Reuters) - Asian technology stocks hit 17-year peaks and Wall Street's Dow index looked set to break 22,000 points later on Wednesday, as blockbuster earnings from Apple rippled out to component makers globally.

'Wonder Woman' helps Time Warner smash profit estimates

(Reuters) - Time Warner Inc , which is in the process of being bought by AT&T Inc , reported a much better-than-expected quarterly profit, driven by the box-office success of its latest superhero movie "Wonder Woman".

Mondelez appoints Dirk Van de Put to succeed Irene Rosenfeld as CEO

(Reuters) - Oreo cookies maker Mondelez International Inc said it appointed Dirk Van de Put, the current chief executive of Canadian frozen foods maker McCain Foods, to succeed Irene Rosenfeld as the company's chief executive from November 2017.

U.S. bosses throw weight behind new drive to court India

NEW DELHI (Reuters) - Top U.S. bosses are backing a new effort to build strategic ties with India, following Prime Minister Narendra Modi's recent first meeting with President Donald Trump.

How Toshiba's sale of $18 billion chip unit stalled, and what's next

TOKYO (Reuters) - Japanese conglomerate Toshiba Corp's talks to sell its prized memory chip business have stalled, raising concerns over how fast the company can plug a multi-billion-dollar balance sheet hole left by the collapse of its U.S. nuclear business.

Exclusive: Venezuelan oil supply to Phillips 66 falls amid quality issues

HOUSTON (Reuters) - Venezuela's supply of heavy crude to U.S. independent refiner Phillips 66 has dropped by more than two-thirds this year in part due to quality problems, and the company has cancelled at least one cargo in recent months, according to sources from state-run oil company PDVSA.

CME sees dollars in data sales, but struggles to grow

NEW YORK (Reuters) - CME Group Inc, the world's biggest exchange operator by market value, is looking to the lucrative business of selling data to boost revenue, spawn new financial products, and change the way many futures contracts trade.

Israeli taxman seeks $45 million from Coca Cola over royalties: report

JERUSALEM (Reuters) - Israel's Tax Authority wants Coca-Cola to pay some 160 million shekels ($45 million) in taxes on royalties that the global beverage giant receives from its local franchise for use of the brand name in Israel, local newspapers reported.

Oil dodges bears, climbs back toward $52 per barrel

LONDON (Reuters) - Oil shook off a raft of bearish headlines on Wednesday, as investors and traders took advantage of earlier losses and pushed the price back toward $52 and this week's eight-week highs.