Reuters - Before the Bell

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Monday, October 9, 2017

Dove faces PR disaster over ad that showed black woman turning white

LONDON (Reuters) - A social media outcry over an advertisement for Dove body wash which showed a black woman removing her top to reveal a white woman has escalated into a public relations disaster for the Unilever brand.

Google uncovered Russia-backed ads on YouTube, Gmail: Washington Post

WASHINGTON (Reuters) - Google has discovered that Russian operatives spent tens of thousands of dollars on ads on YouTube, Gmail, Google search and other products, The Washington Post reported on Monday.

GE names Trian co-founder Ed Garden to board

(Reuters) - U.S. industrial conglomerate General Electric Co said on Monday it had elected Ed Garden, the founding partner and chief investment officer of activist investment firm Trian Fund Management, to its board of directors.

Oil prices stable after OPEC signals possible further action

AMSTERDAM (Reuters) - Oil prices stabilized on Monday after one of the most bearish weeks in months, propped up by OPEC comments signaling the group and other producers may take further action to restore market balance in the long term.

Uber suspends unlicensed service in Norway in change of tack

(Reuters) - Uber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the U.S. ride-hailing app adopts a more conciliatory tone with national authorities.

Qualcomm offers EU concessions over $38 billion NXP takeover bid

BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm has offered concessions in an attempt to allay EU antitrust concerns over its $38-billion bid for NXP Semiconductors, the largest ever in the semiconductor industry.

'Overwhelming' view is Qualcomm will up offer for NXP: Morgan Stanley

(Reuters) - There is a "strong case" for expecting chipmaker Qualcomm Inc to raise its offer for NXP Semiconductors NV, Morgan Stanley analysts wrote on Monday, saying investors they spoke to last week believed the price would rise.

Exclusive: Honeywell prepares to spin off businesses - sources

(Reuters) - Honeywell International Inc plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter.

Germany, China lift world stocks, Spanish worries simmer

LONDON (Reuters) - World shares rose on Monday, with Chinese stocks hitting 21-month highs and the German index setting a new record, while political uncertainty triggered big moves in sterling, the Turkish lira and Spanish debt.

Weinstein Co board ousts Harvey Weinstein after harassment allegations

(Reuters) - The Weinstein Co has fired co-Chairman Harvey Weinstein, effective immediately, following reports of sexual harassment allegations against the executive, who was one of Hollywood's biggest power brokers, the film production company said on Sunday.