Reuters - Business Today

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Monday, July 31, 2017

Discovery to acquire Scripps Networks Interactive

NEW YORK (Reuters) - Discovery Communications Inc is acquiring Scripps Networks Interactive for $14.6 billion in a deal that is expected to boost the combined company's negotiating leverage with pay TV operators at a time when more people watch video online, the companies said on Monday.

Snap's shares slide 3 percent in premarket trading as lockup ends

NEW YORK (Reuters) - Shares of Snap Inc , owner of the Snapchat messaging app, fell 3 percent in premarket trading on Monday as a share lockup ended, allowing for sales by early investors and pushing it further below its March initial public offering price.

Ford CEO Hackett reviewing future products, plants, countries: sources

(Reuters) - Ford Motor Co Chief Executive Jim Hackett is reviewing the automaker's operations in India and other markets, as well as Ford's future product programs including plans to build a self-driving commercial vehicle in 2021, according to company officials and other sources familiar with that review.

Charter surges after company says not interested in Sprint

(Reuters) - U.S. cable operator Charter Communications Inc's shares shot up nearly 14 percent on Monday after the company said it was not interested in buying wireless carrier Sprint Corp.

HSBC, miners lift European shares as dollar holds near lows

LONDON (Reuters) - Forecast-beating profits at HSBC and strong gains for miners on the back of a two-year high in copper prices lifted European shares on Monday while the dollar edged up off 13-month lows against other major currencies.

Hot and cold: Euro zone grows but inflation slows

BRUSSELS (Reuters) - Data in the coming week should confirm the euro zone economy is running hot, after the IMF upgraded growth forecasts and Greece returned to the debt market, although inflation figures could throw cold water on ECB plans to start tightening policy.

Exclusive: MSCI warns Chinese companies about suspending trading of shares

SHANGHAI (Reuters) - Barely a month after approving the inclusion of Chinese shares in its benchmark emerging market index, MSCI is warning that companies in China that suspend trading in their shares for too long risk being dropped.

Oil near two-month high as producers set to meet again

LONDON (Reuters) - Oil prices rose on Monday, putting July on track to become the strongest month so far this year, as news of a producers' technical meeting next week added to bullish sentiment driven by the threat of U.S. sanctions against Venezuela.

Buyback and profit rise show progress as HSBC looks east

HONG KONG/LONDON (Reuters) - A third share buyback in a year by HSBC underlined progress in the turnaround plan for Europe's biggest bank, with profit also growing by 5 percent in the first half of 2017.

Boeing expects India to order up to 2,100 aircraft over 20 years

NEW DELHI (Reuters) - Boeing Co said on Monday it expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years, calling it the highest-ever forecast for Asia's third-largest economy.