Reuters - Before the Bell

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Wednesday, December 27, 2017

Huawei's China smartphone sales chief detained for suspected bribe-taking

HONG KONG (Reuters) - Huawei Technologies , the world's third-largest smartphone maker, said on Wednesday that Chinese police are conducting an investigation, after the China sales head of its smartphone unit was detained on suspicion of accepting bribes.

Apple faces lawsuits after saying it slows down aging iPhones

SAN FRANCISCO (Reuters) - Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change.

Japan manufacturing scandals haven't hurt image but have been powerful lessons: ministry official

TOKYO (Reuters) - A string of data-tampering scandals at Japanese manufacturers has not tarnished Japan's image, though it has been a powerful reminder to avoid sacrificing quality when under cost or delivery pressure, a senior economic official said on Wednesday.

Stock futures edge higher in quiet holiday trading

(Reuters) - U.S. stock futures edged higher on Wednesday, tracking global equities, which were buoyed by a surge in commodity prices.

GE raises stake in Sweden's Arcam by buying shares from hedge funds

(Reuters) - General Electric Co said on Wednesday it will raise its stake in Swedish 3D printer maker Arcam AB to around 95 percent from 77 percent after buying shares from hedge funds Elliott and Polygon.

In Pakistan, questions raised over GE's flagship power turbines

ISLAMABAD/SINGAPORE (Reuters) - General Electric's flagship gas turbines ran into problems in Pakistan earlier this year, leading to delays and lengthy outages at three newly built power stations, according to several senior Pakistani officials and power executives.

Abu Dhabi's IPIC says Malaysian fund 1MDB has paid settlement amount in full

KUALA LUMPUR (Reuters) - Abu Dhabi's government-owned International Petroleum Investment Co (IPIC) on Wednesday said Malaysian state fund 1Malaysia Development Berhad (1MDB) has made all required payments as part of a settlement agreement between the two.

No Trump windfall for private prisons yet, but some bet on gains

(Reuters) - Investors who bet on private prison operators as big winners from Donald Trump's tough line on crime and illegal immigration are looking back at a bruising year of high hopes and disappointment. Some, however, say the stocks still offer good value even though an anticipated windfall under the Trump administration so far has failed to materialize.

Oil falls from 2015 highs as rally runs out of steam

SINGAPORE/LONDON (Reuters) - Oil prices fell on Wednesday after hitting a near two-and-a-half year high in the previous session as analysts said the rally was gradually running out of steam despite supply outages in Libya and the North Sea.

Russia's standards agency says Nissan to recall 106,340 cars

MOSCOW (Reuters) - Japanese automaker Nissan Motor Co Ltd will recall 106,340 Nissan cars in Russia, Russia's technical safety watchdog Rosstandart said on Wednesday.