Reuters - Before the Bell

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Friday, July 28, 2017

Merck profit beats as Keytruda sales soar, expenses drop

(Reuters) - Merck & Co Inc's quarterly profit blew past analysts' estimates on Friday as demand surged for its key immuno-oncology drug, Keytruda, and the company reined in expenses.

AbbVie's profit rises 19 percent on Humira demand

(Reuters) - U.S. drugmaker AbbVie Inc reported an 18.9 percent rise in quarterly profit on Friday on strong demand for its flagship rheumatoid arthritis drug, Humira.

American Airlines revenue rises 7.2 percent

(Reuters) - American Airlines Group Inc reported a 7.2 percent rise in quarterly revenue, helped by strong passenger demand and improving average fares.

Futures lower as tech stocks take a beating

(Reuters) - U.S. stock index futures were lower on Friday as Amazon's profit miss took a toll on technology shares.

Wall Street braces for end of Snap share lockup

SAN FRANCISCO (Reuters) - A flood of Snap Inc shares held back since the Snapchat owner's initial public offering could start to trade freely next week, pressuring a stock that has already plunged far below its debut price.

U.S. coal exports soar, in boost to Trump energy agenda, data shows

WASHINGTON/LONDON (Reuters) - U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Trump's administration to claim that efforts to revive the battered industry are working.

Amazon wobble ripples across world stock markets

LONDON (Reuters) - An earnings miss by Amazon that hit U.S. technology stocks overnight rippled through other markets on Friday, with Asian stocks retreating from recent highs and European tech shares opening sharply lower.

Telecom Italia to name Genish chief for operations, says no plans to merge with Mediaset

MILAN (Reuters) - Telecom Italia (TIM) will announce on Friday the arrival of Amos Genish as general manager in charge of operations, the company's executive chairman said, confirming a report by Reuters.

Value of U.S. deals in China sinks on rising trade tensions

HONG KONG (Reuters) - U.S. corporate acquisitions in China collapsed to their lowest level for 14 years in the first half of this year, as trade tensions between the two countries and uncertainty about Chinese government regulations took a toll on deal making.

At 'bare bones' Noble Group, staff exits and debt pose more risks

SINGAPORE (Reuters) - Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and industry sources say.