Reuters - Before the Bell

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Thursday, September 28, 2017

Accenture revenue beats as bets on digital, cloud pay off

(Reuters) - Accenture Plc reported better-than-expected quarterly revenue, as the consulting and outsourcing services provider benefited from its investments in fast-growing digital and cloud service businesses.

Exclusive: Lyft close to selecting IPO adviser - sources

SAN FRANCISCO (Reuters) - Lyft Inc is close to hiring an initial public offering (IPO) advisory firm, in the first concrete step by the second biggest U.S. ride service company to become publicly listed, according to people familiar with the matter.

Aramco listing reshapes Saudi Arabia's OPEC oil policy

DUBAI/LONDON (Reuters) - Saudi Arabia's plans to float state oil titan Aramco are prompting the country to think the unthinkable.

Dollar dips after Trump tax plan spurt, bond yields stay up

LONDON (Reuters) - The dollar pulled back on Thursday, having risen along with bond yields after President Donald Trump proposed the biggest shake-up of the U.S. tax system in three decades and data bolstered calls for another Fed rate hike this year.

Toshiba $18 billion sale of chip unit signed, but discord emerges immediately

TOKYO (Reuters) - Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting.

Ford's Welsh engine plant to lose JLR business in 2020

LONDON (Reuters) - Jaguar Land Rover (JLR) will stop sourcing petrol engines from Ford's plant in Bridgend, Wales, after ending its current contract earlier than expected in 2020, creating uncertainty over around 750 jobs.

Bombardier overshadows NAFTA talks as Quebec, Britain threaten retaliation

MONTREAL/BELFAST (Reuters) - Stiff U.S. duties imposed on Bombardier Inc's CSeries jet sparked retaliation threats from Britain and Canada's Quebec province on Wednesday as the dispute, which may affect thousands of jobs, overshadowed North American trade talks.

Wealthy financiers could gain from Trump's proposed tax cut for small businesses

WASHINGTON (Reuters) - High-income Wall Street financiers could be unintended winners from a section of U.S. President Donald Trump's tax-cut plan that is meant to help mostly small, "mom-and-pop" businesses.

Seagate to give $1.25 billion of $18 billion deal to buy Toshiba chip unit

(Reuters) - Seagate Technology PLC said on Thursday it would contribute up to $1.25 billion toward the purchase of Toshiba Corp's chip unit by a consortium led by Bain Capital LP.

Bitcoin blow as fund drops U.S. exchange application

(Reuters) - An effort to allow investors to trade digital currencies as easily as stocks in the United States stumbled when the backer of a bitcoin fund said an application to list on an exchange had been withdrawn.