Reuters - Before the Bell

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Tuesday, September 12, 2017

Rupert Murdoch's Fox joins court challenge to CBS' Australian TV buyout

SYDNEY (Reuters) - Rupert Murdoch's Twenty-First Century Fox Inc joined a court challenge on Tuesday against rival U.S. cable network CBS Corp's proposed buyout of struggling Australian television broadcaster Ten Network Holdings Ltd.

Samsung says Galaxy Note 8 pre-orders highest among Note series

SEOUL (Reuters) - Samsung Electronics Co Ltd on Tuesday said pre-orders for its Galaxy Note 8 premium smartphone have hit the highest-ever for the Note series, beating its predecessor Note 7 over five days by about 2.5 times.

Online lender SoFi CEO Cagney to step down

(Reuters) - Mike Cagney, one of the most prominent executives in the U.S. financial technology sector, will step down as chief executive of Social Finance, the online lender he co-founded, before the end of the year.

Toshiba set to pick Western Digital-led group for chip unit: Nikkan Kogyo

Tokyo (Reuters) - Japan's embattled Toshiba Corp is set to sell its memory chip unit to a consortium led by Western Digital Corp for about 2 trillion yen ($18.3 billion), the Nikkan Kogyo business daily said on Tuesday without citing sources.

Oil prices dip as traders assess U.S. hurricane impact

SEOUL (Reuters) - Oil prices edged down in early Asian trading on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts in the wake of Hurricane Harvey that should lead to more crude oil processing.

Asia shares hit ten-year high on Irma, North Korea relief

TOKYO (Reuters) - Asian shares hit a 10-year peak on Tuesday with investors breathing a sigh of relief as North Korean fears eased slightly and the worst-case scenario from Hurricane Irma looked to have been avoided.

U.S. tribal patent deal could have big impact on generic drug market

(Reuters) - A groundbreaking deal between Allergan Plc and a Native American tribe to shield the company's patents in administrative proceedings could also be used be to protect them from challenges in federal court, legal experts said, potentially dealing a blow to generic competition.

After roads and railways, China's Silk Road dealmakers eye financial firms

HONG KONG (Reuters) - After ports and industrial parks, the dealmakers leading China's trillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe's banks, insurers and asset managers to tap funds and expertise.

Lenders, investors breathe easier as U.S. hurricane waters recede

NEW YORK (Reuters) - Financial institutions with exposure to U.S. properties hit by Hurricanes Harvey and Irma are tempering their loss estimates, as the damage to homes and businesses has been far less severe than expected.

S&P 500 chalks up record high as fear gives way

(Reuters) - The S&P 500 surged over 1 percent to a record high close on Monday as tropical storm Irma caused less damage than expected in Florida, and after North Korea did not test-fire missiles over the weekend, which some had feared.