Reuters - Before the Bell

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Wednesday, May 10, 2017

EpiPen maker Mylan's profit edges past estimates

(Reuters) - Generic drug maker Mylan NV reported first-quarter profit just above expectations, helped by demand for products it gained through the acquisition of Swedish drugmaker Meda, even as sales of its controversial EpiPen allergy shot declined.

Toyota sees profit sliding 20 percent on U.S. sales incentives, yen gain

TOKYO (Reuters) - Toyota Motor Corp , Japan's biggest automaker, forecast operating profit for the current year to slide by a fifth due to increased spending to push sales in a slowing U.S. market and the lingering impact from a stronger yen.

U.S. burger chain Wendy's quarterly profit, sales beat estimates

(Reuters) - Wendy's Co reported higher-than-expected quarterly same-restaurant sales and profit, driven by the popularity of its value meals such as "4 for $4" and lower costs.

Europe shares steady; dollar down on Comey sacking

LONDON (Reuters) - European shares held at 21-month highs on Wednesday, while the dollar fell on concerns that U.S. President Donald Trump's dismissal of his FBI chief could make passage of his tax reform plans more difficult.

U.S. broadcaster Tribune posts surprise quarterly loss

(Reuters) - U.S. broadcaster Tribune Media Co , reported a quarterly loss on Wednesday, compared with a profit a year earlier, hurt in part by lower ad revenue from its TV and entertainment business and as it took an impairment charge.

VW rejects calls to publish dieselgate probe findings

HANOVER, Germany (Reuters) - Volkswagen on Wednesday rejected investor calls for the carmaker to publish the results of a key investigation into its diesel emissions cheating scandal, saying it was unable to do so for legal reasons.

Barclays boss Staley faces shareholder fury over whistleblower

LONDON (Reuters) - Barclays Chief Executive Jes Staley apologized to shareholders on Wednesday for his attempts to unmask a whistleblower, but faced calls from individual shareholders to resign over his conduct.

SAP chairman defends executive pay system

MANNHEIM, Germany (Reuters) - SAP said on Wednesday its executive pay system was reasonable, defending management bonuses against the criticism of some shareholders.

SAP chairman Plattner open to extend contract beyond 2019

MANNHEIM, Germany (Reuters) - SAP co-founder and supervisory board chairman Hasso Plattner said on Wednesday that he was willing to stay beyond 2019 when is current contract ends but that he would not sign up for a full 5-year term.

Oil rises after U.S. inventories drop, but extra supplies weigh

LONDON (Reuters) - Oil prices rose on Wednesday after a larger-than-expected fall in U.S. crude inventories but failed to recoup last week's losses due to concerns about rising output from the United States, Libya and Nigeria.