Reuters - Before the Bell

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Monday, January 30, 2017

Office Depot names Lenovo senior executive Gerry Smith as CEO

(Reuters) - Office Depot Inc , No. 2 U.S. office supplies retailer, appointed Lenovo Group Ltd senior executive Gerry Smith as its chief executive and board member Joseph Vassalluzzo as chairman from Feb. 27.

As price war rages, Vodafone India seeks merger with rival Idea Cellular

LONDON/MUMBAI (Reuters) - Britain's Vodafone Group confirmed on Monday it was in talks to merge its Indian subsidiary with local rival Idea Cellular in an all-share deal that would create a new market leader better able to contest a brutal new price war.

Oil steady but U.S. drilling weakens deal to cut output

LONDON (Reuters) - Oil prices were steady on Monday, but news of another increase in U.S. drilling activity spread concern over rising output just as many of the world's oil producers are trying to comply with a deal to pump less in an attempt to prop up prices.

Brazil Supreme Court approves Odebrecht graft plea deal testimony

BRASILIA (Reuters) - The president of Brazil's Supreme Court, Carmen Lucia Rocha, approved plea bargain statements from 77 executives of engineering conglomerate Odebrecht [ODBES.UL] under investigation for paying bribes in the country's biggest graft scandal, the court said on Monday.

Futures slip as Trump's travel bans spark uncertainty

(Reuters) - U.S. stock index futures fell on Monday as President Donald Trump's orders to curb immigration from certain countries triggered uncertainty and protests across the world.

Citigroup to exit U.S. mortgage servicing operations by 2018

(Reuters) - Citigroup Inc said on Monday it would speed up the transformation of its U.S. mortgage business by exiting servicing operations by the end of 2018.

Chevron says to give CEO fewer stock options

(Reuters) - Oil and natural gas producer Chevron Corp said it would give its top executive fewer stock options after shareholders expressed concern about executive pay.

Negative effective of currency rates on company results fall in third quarter

NEW YORK (Reuters) - Currency market fluctuations in the third quarter of 2016 had the smallest negative impact on North American companies' financial results since 2014, FIREapps said in a report on Monday.

Sony takes $976 million charge on movie segment as DVD market shrinks

TOKYO (Reuters) - Sony Corp said it booked an impairment charge of 112.1 billion yen ($976 million) on the goodwill value of its movie segment in the quarter ended December, as online streaming services sapped demand for movie DVDs.

Shares fall, dollar dips versus yen after Trump travels curbs

LONDON (Reuters) - Shares fell in Europe and Asia on Monday and the dollar dipped against the yen after immigration curbs introduced by Donald Trump added an extra layer of uncertainty to the economic impact of the new U.S. president's policies.