Reuters - Before the Bell

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Thursday, February 2, 2017

Samsung Electronics may build U.S. plant for home appliances: source

SEOUL (Reuters) - Samsung Electronics Co Ltd may build a U.S. plant for its home appliances business, a person familiar with the matter said, the latest global firm to consider a response to criticism about imports from new U.S. President Donald Trump.

Reckitt Benckiser in talks to buy Mead Johnson for $16.7 billion

(Reuters) - UK consumer goods maker Reckitt Benckiser Group Plc said it was in advanced talks to buy baby formula maker Mead Johnson Nutrition Co in a $16.7 billion deal that would take it in a new direction and boost its business in Asia.

Japan's Mitsubishi Heavy expects ruling on San Onofre nuclear plant claim by end March: CEO

TOKYO (Reuters) - Japan's Mitsubishi Heavy Industries Ltd (MHI) expects arbitrators to rule by the end of March on a compensation claim related to the shutdown of California's San Onofre nuclear plant brought by a unit of Edison International .

Sony cuts annual profit view on movie business writedown

TOKYO (Reuters) - Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on its struggling movie business.

Dan Loeb: Trump will make hedge funds great again

NEW YORK (Reuters) - U.S. hedge fund manager Dan Loeb is betting President Donald Trump will be good for investments thanks to his planned mix of tax cuts, reduced regulation and infrastructure spending.

Asian shares touch four-month high, dollar sags on Fed's relaxed views

TOKYO (Reuters) - Asian shares touched four-month highs while the dollar sagged on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes.

Toyota a Japanese brand, but also a U.S. manufacturer: company president

TOKYO (Reuters) - Toyota Motor Corp President Akio Toyoda said on Thursday his company had increased its U.S. production in the past three decades, and that the Japanese brand should also be considered as a U.S. manufacturer.

Oil prices fall after sharp rise in U.S. stockpiles

SINGAPORE/TOKYO (Reuters) - Oil prices fell on Thursday after official data showed U.S. crude and gasoline stockpiles rose sharply, although signs that OPEC and other producers are holding the line on output cuts are helping support prices.

Exclusive: Snap's secrecy frustrates banks' pursuit of IPO glory

(Reuters) - Some investment banks seeking to be added as underwriters to Snapchat owner Snap Inc's initial public offering registration document have been denied access to review it before it is made public this week, according to people familiar with the matter.

Japan PM says meeting with Toyota president was decided months ago

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Thursday that his plans to meet with Toyota Motor Corp Chief Executive Akio Toyoda on Friday were arranged months ago and he did not suddenly summon Toyoda in response to U.S. rhetoric on trade policy.