Reuters - Before the Bell

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Tuesday, June 27, 2017

Stock futures slip on tech selloff; Yellen in focus

(Reuters) - U.S. stock index futures were lower on Tuesday as a selloff in technology shares continued, while investors awaited clues on interest rate hikes from Federal Reserve Chair Janet Yellen's talk in London.

EU fines Google record $2.7 billion in first antitrust case

BRUSSELS (Reuters) - EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, taking a tough line in the first of three investigations into the company's dominance in searches and smartphones.

Factbox: EU hits Google with record $2.7 billion fine

BRUSSELS (Reuters) - The European Commission handed down a record 2.42 billion euro ($2.73 billion) fine to Alphabet unit Google on Tuesday for breaching EU antitrust rules after a seven-year investigation prompted by complaints from both sides of the Atlantic.

Stocks, dollar ease as central bank officials take center stage

LONDON (Reuters) - The dollar weakened on Tuesday as investors awaited Federal Reserve signals on whether the U.S. central bank will stick to its guns and raise rates this year, while firmer commodity-related shares helped limit losses across major stock indices.

World's first ATM machine turns to gold on 50th birthday

LONDON (Reuters) - Five decades since it heralded a transformation in the way people obtained and used cash, the world's first ATM was turned into gold for celebrations of its fiftieth anniversary.

Germany plans new emissions testing body after VW scandal

BERLIN (Reuters) - Germany will set up a new organization to test vehicle emissions to try to restore consumer confidence after Volkswagen's emissions scandal revealed an industry-wide pollution problem, the transport ministry said on Tuesday.

Google says it is considering appeal against EU antitrust fine

BRUSSELS (Reuters) - Alphabet's Google said on Tuesday it disagreed with the findings of EU antitrust regulators that it had abused its dominant position and was considering an appeal.

With Alphabet, Google faces a daunting challenge: organizing itself

SAN FRANCISCO (Reuters) - Google’s self-professed mission is to organize the world’s information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself.

In disaster's wake, BP doubles down on deepwater despite surging shale

THUNDER HORSE OIL PLATFORM, Gulf of Mexico (Reuters) - About 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year.

Oil up on weaker dollar, supply glut caps gain

LONDON (Reuters) - Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar and investors covering short positions, but worries over persistent oversupply capped gains.