Reuters - Before the Bell

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Wednesday, December 20, 2017

Subaru investigates possible mileage cheating, shares drop

TOKYO (Reuters) - Japan's Subaru Corp , already smarting from a vehicle inspection scandal at home, said it was now investigating whether mileage readings may have also been falsified during final checks, driving its shares down as much as 8 percent.

BlackBerry third quarter results beat estimates, shares surge

TORONTO (Reuters) - Canada's BlackBerry Ltd reported third-quarter results on Wednesday that beat analysts' forecasts, helped by an increase in business software sales and licensing revenue, sending its stock up more than 7 percent in premarket trading.

Orange boss and tycoon Tapie sent to trial in France: source

PARIS (Reuters) - French tycoon Bernard Tapie and Stephane Richard, head of telecoms company Orange , have been ordered to stand trial over a disputed state payment to Tapie a decade ago when Richard held a senior government post, a judicial source said.

World shares off record highs as U.S. tax overhaul nears completion

LONDON (Reuters) - World stock markets wavered just below recent record highs while U.S. Treasury yields held near multi-month peaks on Wednesday as the final procedural throes of long-awaited U.S. tax reform played out in Washington.

Futures rise as tax overhaul bill nears passage

(Reuters) - U.S. stock futures pointed to strong gains for Wall Street on Wednesday after the Senate approved a sweeping $1.5-trillion tax bill, taking President Donald Trump closer to his first legislative victory.

Streaming music market picks up tempo ahead of Spotify IPO

LONDON (Reuters) - Subscription music leader Spotify is set to capitalize next year on the rude health of the industry with a stock market flotation, even as competitors race to find fresh ways to outflank it by catering to often fickle consumer tastes.

Hedge fund Knight Vinke lifts stake in M&A target Uniper

FRANKFURT (Reuters) - Hedge Fund firm Knight Vinke has increased its holding in Germany's Uniper to 5.02 percent, adding it would not tender that stake to Finland's Fortum as part of a 8.05 billion euro ($9.5 billion) takeover offer.

Amazon's allure may be tough to top this holiday: poll

CHICAGO/NEW YORK (Reuters) - More U.S. online shoppers plan to give Amazon.com Inc the bulk of their holiday business this year than in previous years, according to a Reuters/Ipsos opinion poll, despite costly efforts by traditional retailers to attract customers to their websites.

Innogy's CEO Terium leaves group in wake of profit warning

FRANKFURT (Reuters) - The chief executive of Innogy , Peter Terium, has left the German energy group following a profit warning last week, having failed to convince investors and the supervisory board of his future plans for the group.

Uber dealt blow after EU court classifies it as transport service

LUXEMBOURG (Reuters) - Uber [UBER.UL] should be classified as a transport service and regulated like other taxi operators, the European Union's top court said in a landmark ruling on Wednesday that could impact other online businesses in Europe.