Reuters - Before the Bell

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Monday, November 27, 2017

Futures rise, retailers draw interest on Cyber Monday

(Reuters) - U.S. stock index futures edged higher on Monday, with a bounce in retail stocks on Cyber Monday and the almost $2 billion-dollar buyout of publisher Time helping early sentiment among investors.

$10,000 in sight for bitcoin as it rockets to new record high

LONDON (Reuters) - Bitcoin's vertiginous ascent showed no signs of abating on Monday, with the cryptocurrency soaring to another record high just a few percent away from $10,000 after gaining more than a fifth in value over the past three days alone.

Exclusive: Exxon Mobil chief revamps refining, chemical operations - spokeswoman

HOUSTON (Reuters) - Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company's refining and chemical operations, part of a push to boost profits amid volatile oil and natural gas prices, a spokeswoman said.

Meredith to buy U.S. publisher Time in Koch-backed deal

(Reuters) - U.S. media company Meredith Corp said on Sunday it will buy Time Inc, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch.

Ending NAFTA would hurt growth, competitiveness of United States, Canada: report

DETROIT (Reuters) - Terminating the North American Free Trade Agreement would harm the U.S. and Canadian economies and reduce their competitiveness versus Asia and Europe, a report issued by the Bank of Montreal said on Monday.

U.S. bid to include Mexico reform in NAFTA stalls telecom talks

MEXICO CITY (Reuters) - A U.S. proposal to enshrine measures targeting Mexican billionaire Carlos Slim's America Movil thwarted NAFTA negotiators' goal to reach a deal on telecommunications issues during the latest talks, according to three sources with knowledge of the matter.

Samsung Electronics shares drop after Morgan Stanley cuts view, sees chip boom peaking

SEOUL (Reuters) - Samsung Electronics Co Ltd's shares fell more than 4 percent to a one-month low on Monday after Morgan Stanley cut its recommendation on the South Korean tech giant, citing concerns that a boom in memory chips is likely to peak soon.

BNP Paribas to step up cross-selling with U.S. Bank of the West

PARIS (Reuters) - France's biggest bank BNP Paribas said on Monday its corporate and institutional bank (CIB) unit in the United States would extend its mergers and acquisitions services for corporate clients of its U.S. retail unit Bank of the West.

Oil slips on U.S. drilling but OPEC cuts support market

LONDON (Reuters) - Oil prices slipped on Monday, with U.S. crude easing from two-year highs on prospects of higher output but losses were limited before an OPEC meeting that is expected to extend output limits.

Executives of scandal-hit Uber travel globe to reassure regulators

TOKYO (Reuters) - Uber executives are traveling the globe to reassure regulators that the company is changing the way it does business, after a string of controversies hurt the ride-hailing firm's reputation, its Asian head told Reuters on Monday.