Reuters - Before the Bell

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Wednesday, June 7, 2017

Navistar posts quarterly loss on lower truck sales

(Reuters) - Truck and engine maker Navistar International Corp posted a quarterly loss, compared with a year-ago profit, partly due to lower sales of its trucks in the United States and Canada and a $60 million charge related to used-truck inventories.

Justice Dept. halts settlements funding out outside groups

WASHINGTON (Reuters) - The U.S. Justice Department has barred any legal settlements in federal investigations that include donating funds to community organizations or other third-party groups, rather than to those directly harmed by the wrongdoing or involved in the cases, in a change that could impact banks and other corporations.

Oil dips on concern over rising U.S. output, OPEC tensions

LONDON (Reuters) - Oil prices dipped on Wednesday on renewed concerns about the efficacy of OPEC-led production cuts due to rising tensions within the export group over Qatar and growing U.S. output.

Delphi, Transdev to develop self-driving shuttle service in Europe

DETROIT (Reuters) - Delphi Automotive PLC will partner with Paris-based Transdev Group, a public transport service controlled by the French government, to develop an automated on-demand shuttle service in Europe, the companies said on Wednesday.

European bank bailout soothes anxious markets

LONDON (Reuters) - A smoothly executed rescue of Spain's struggling Banco Popular drove European banking stocks higher on Wednesday in financial markets dominated by caution ahead of a trio of major events on Thursday.

Exclusive: Apple makes iPhone screen fixes easier as states mull repair laws

SAN FRANCISCO(Reuters) - Hey Siri, where can I get my cracked iPhone screen fixed?

Tankers load Qatari crude along with UAE oil as shipping ban eases

SINGAPORE (Reuters) - Exports of Qatari crude oil have not been hindered by a port ban imposed by other Gulf states as tankers are loading Qatari grades along with cargoes from the United Arab Emirate, shipping data in Thomson Reuters Eikon showed on Wednesday.

London Judge calls off RBS trial, leaves door open to further hearings

(Reuters) - A London High Court judge on Wednesday called off a trial due to begin on Wednesday in a drawn-out investor lawsuit against Royal Bank of Scotland over its 2008 rights issue that would have called disgraced former CEO Fred Goodwin to testify.

Sony's PlayStation VR headset sales top one million units

TOKYO (Reuters) - Sony Corp has sold more than one million units of its virtual reality (VR) headset globally, the Asia chief of the Japanese firm's gaming unit said on Wednesday, as a relatively low price helps push the product into an early lead.

Global growth headed for six-year high: OECD

PARIS (Reuters) - The global economy is on course this year for its fastest growth in six years as a rebound in trade helps offset a weaker outlook in the United States, the OECD forecast on Wednesday.