Reuters - Before the Bell

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Wednesday, June 21, 2017

Uber CEO Travis Kalanick resigns under investor pressure

(Reuters) - Uber Technologies Inc Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under mounting pressure from investors over his leadership.

Lockheed wins U.S. Air Force deal for radar threat simulators

PARIS (Reuters) - Lockheed Martin Corp said on Wednesday it had won a $104 million U.S. Air Force contract to develop, produce and field a threat simulator to train combat aircrews to recognize and deal with rapidly evolving threats, such as surface-to-air missiles.

Airbus scoffs at Boeing wins, plays down bounce-back hopes

PARIS (Reuters) - Airbus sales chief John Leahy scoffed at Boeing's claims about the efficiency of a new 737 jet that has been grabbing orders and headlines at the Paris Airshow, but played down expectations of a last-minute comeback to win the event.

El Al to buy three more Boeing Dreamliners for $729 million

JERUSALEM (Reuters) - El Al Israel Airlines is buying three more Boeing 787 Dreamliners in a deal worth more than $729 million, firming up additional commitments made in 2015, the companies said on Wednesday.

Toshiba picks Bain-Japan government group to buy chip unit, big hurdles remain

TOKYO (Reuters) - Toshiba Corp has chosen a consortium of Bain Capital and Japanese government investors as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses.

Oil falls as bulls discount OPEC cuts, set for worst H1 since 1997

LONDON (Reuters) - Oil steadied on Wednesday, paring earlier losses, but was set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by major producers with a deal to cut global output.

Stock futures lower as oil hovers near seven-month lows

(Reuters) - U.S. stock index futures were lower on Wednesday as oil prices hovered near seven-month lows and were headed for their largest slide in the first half of any year since 1997.

Oil drop sends global stocks, bond yields sliding

LONDON (Reuters) - A renewed slump in oil prices to seven-month lows dragged down world stocks on Wednesday and flattened bond curves as bets that inflation and interest rates will stay lower for even longer began to build again.

China shares get MSCI nod in landmark moment for Beijing

NEW YORK/HONG KONG (Reuters) - China's stocks took a major step toward global acceptance on Wednesday, finally winning a long campaign for inclusion in a leading emerging markets benchmark, in what was seen as a milestone for global investing.

Oil firms could waste trillions if climate targets reached -report

LONDON (Reuters) - Energy giants including Exxon Mobil and Royal Dutch Shell risk wasting more than a third of their budgets on projects that will not be needed if climate targets are to be met, a thinktank report shows.