Reuters - Business Today

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Monday, July 3, 2017

Wall Street set to rise ahead of data

(Reuters) - U.S. stocks were on track to begin the third quarter on a positive note in a truncated session on Monday, while investors awaited data for more clues on the health of the economy.

Tesla's Musk says Model 3 gets regulatory nod for production

(Reuters) - Tesla Inc's high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night.

Airbus unveils leaner structure and sales shake-up

PARIS (Reuters) - Airbus rolled out a leaner new structure on Monday, completing a recent merger between its parent company and its dominant planemaking arm, and including a shift in the reporting line for its key commercial sales team to group CEO Tom Enders.

France's Danone to sell Stonyfield to Lactalis for $875 million

PARIS (Reuters) - French food group Danone has agreed to sell its U.S dairy business Stonyfield to Lactalis for $875 million, a move designed to address competition concerns stemming from its acquisition of U.S. organic food group WhiteWave.

European shares start third quarter firmer, dollar gains

LONDON (Reuters) - European shares kicked off the new quarter with solid gains as talk of higher interest rates boosted banks, while the dollar rose from nine-month lows as U.S. Treasury yields hit their highest since mid-May.

Britain misses out as global manufacturing surges

LONDON/SINGAPORE (Reuters) - British factories were left out of a demand-driven surge in activity across much of Asia and Europe in June, as weakness in sterling failed to translate into export growth, surveys showed.

Exclusive: Okada sues family in bid to regain control of gambling empire

TOKYO (Reuters) - Japanese casino and slot machine tycoon Kazuo Okada has filed a lawsuit against his son, daughter and wife in Hong Kong in an attempt to regain control of his sprawling business empire, according to a court filing and Okada.

Oil slides as rising OPEC output outweighs U.S. decline

LONDON (Reuters) - Oil prices eased on Monday after rising for seven sessions in a row, as evidence of increasing OPEC crude production snuffed out earlier gains made on the back of data that pointed to moderating U.S. output.

Washington tells India Westinghouse could be sold by year end: sources

NEW DELHI (Reuters) - The U.S. administration has told India that Westinghouse Electric Co will emerge from bankruptcy and be sold by the year end, industry and diplomatic sources have said, raising the prospect of a Washington-supported sale or bailout for the nuclear firm.

Tesla shares rev up as Model 3 deliveries to start in July

(Reuters) - Tesla Inc's shares were up 3 percent in premarket trading on Monday after the luxury electric-car maker said it would deliver its mass-market Model 3 sedan to first 30 customers on July 28.