Reuters - Before the Bell

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Monday, October 16, 2017

BlackBerry shares down after another top exec leaves

(Reuters) - BlackBerry's U.S.-listed shares fell almost 4 percent to $11.12 on Monday after a second senior executive from its licensing unit quit this month.

Kobe Steel shares hit near fiver-year lows as cheating scandal raises financial risks

TOKYO (Reuters) - Just over a week out from revelations of a cheating scandal that plunged Kobe Steel Ltd in crisis and ensnared hundreds of firms, the embattled steelmaker's shares skidded to five-year lows on Monday as investors worried about the financial and legal fallout.

China data boosts world stocks and commodities, oil jumps

LONDON (Reuters) - World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as an escalation in fighting between the Iraqi government and Kurdish forces threatened supply.

U.S. stock futures inch up as earnings head for higher gear

(Reuters) - U.S. stock index futures pointed to a slightly positive start for Wall Street on Monday as investors pondered a solid initial round of third quarter company earnings and awaited a further flood of results this week.

Exclusive: T-Mobile, Sprint aim to announce merger without asset divestitures - sources

(Reuters) - T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter.

Fake paperwork, poor parts challenge China's aerospace boom

SHANGHAI (Reuters) - Chinese suppliers to U.S. flight control systems maker Moog sold it poorly made parts, faked paperwork and outsourced work to a factory not approved by the company, according to an internal report by U.S. aviation regulators.

As the quartet breaks up, central banking leadership flux looms

WASHINGTON (Reuters) - The leaders of the world's top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects of the crisis, evolving technology and a combustible political landscape will challenge their successors.

Lufthansa offers 500 million euros for Alitalia's planes and staff: paper

ROME (Reuters) - German airline Lufthansa has offered 500 million euros ($590 million) to acquire the planes, airport runway slots and air crew of Italy's ailing national carrier Alitalia [CAITLA.UL], the newspaper Corriere della Sera said on Monday.

Daimler starts reorganisation that could lead to break up

BERLIN (Reuters) - Daimler has started the process of creating separate legal entities for its Mercedes Benz cars and Daimler Trucks divisions, a move that has fuelled speculation of an eventual break up of the German automaker.

Toyota to test self-driving, talking cars by about 2020

TOKYO (Reuters) - Toyota Motor Corp on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms to develop new vehicles.