Reuters - Before the Bell

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Thursday, October 19, 2017

Rosneft's Sechin says no watershed in oil market, U.S. shale oil a risk

VERONA, Italy (Reuters) - A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market in 2018, the head of Russia's Rosneft, Igor Sechin, said on Thursday.

Rosneft's Sechin expects Kurdistan, Iraqi govt to settle differences

MOSCOW (Reuters) - The head of Russia's oil major Rosneft said on Thursday he expected the authorities of Iraq's oil-rich Kurdistan and the Iraqi government to settle differences between them which have been mounting after the autonomous region's independence referendum held last month.

Verizon quarterly profit meets estimates as subscribers rise

NEW YORK (Reuters) - Verizon Communications Inc's quarterly profit met Wall Street analyst estimates as the No. 1 U.S. wireless carrier added subscribers.

Special Report: Backroom battle imperils $230 million cryptocurrency venture

ZUG, Switzerland/NEW YORK (Reuters) - Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful "initial coin offering," in which new digital currency is parcelled out to buyers. At the time, it was the most money ever raised from the public in the white-hot cryptocurrency sector.

Futures lower as technology stocks dip

(Reuters) - U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash.

Thirty years ago this week, Wall Street slid into the abyss

NEW YORK (Reuters) - Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint of desperate and lost causes.

Could the 1987 stock market crash happen again?

NEW YORK (Reuters) - On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.

Amazon offered billions in tax breaks for second U.S. headquarters

(Reuters) - U.S. cities are offering Amazon.com Inc at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.

Japan carmakers vouch for safety of some Kobe Steel parts; company future uncertain

TOKYO (Reuters) - Three Japanese automakers on Thursday said they found no safety issues with aluminum parts made by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.

Factbox: Kobe Steel's data fabrication leaves manufacturers scrambling

TOKYO (Reuters) - Kobe Steel Ltd's admission that it fabricated specifications on some of its aluminum, copper and other products has left about 500 affected companies scrambling to pin down the potential impact.