Reuters - Before the Bell

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Wednesday, November 8, 2017

Wendy's same-restaurant sales miss estimates

(Reuters) - U.S. burger chain Wendy's Co on Wednesday reported a smaller-than-expected rise in third-quarter sales at established restaurants in North America, as hurricanes hit traffic at restaurants in Florida and Texas

Stock futures slightly lower as investors track progress on tax bill

(Reuters) - U.S. stock index futures were slightly lower on Wednesday, a day after the Dow closed at a record high for the fourth straight day, as investors closely watch Republican efforts to pass the tax bill.

Ford, China's Zotye Auto invest $756 million in electric vehicle JV

HONG KONG (Reuters) - Ford Motor and China's Anhui Zotye Automobile have agreed to invest a combined $756 million to set up a 50-50 joint venture in China to build electric passenger vehicles, both companies said on Wednesday.

A year in: U.S. stock market under Trump's shadow

NEW YORK (Reuters) - One year ago, when it became clear that Republican Donald Trump had pulled a historic upset to defeat Democrat Hillary Clinton to the U.S. presidency, futures in the Dow Jones Industrial Average tumbled nearly 900 points.

ConocoPhillips aims to spend $5.5 billion/year for rest of decade

NEW YORK (Reuters) - ConocoPhillips , the largest U.S. independent oil and natural gas producer, said on Wednesday it would spend $5.5 billion annually for the rest of the decade on capital projects as long as oil prices stay above $50 per barrel.

China's Tencent buys 12 percent stake in Snapchat owner

(Reuters) - China's Tencent now holds a 12 percent stake in Snapchat operator Snap Inc, Snap said on Wednesday, turning over a 20 percent slide in the U.S. company's share price after badly received third quarter results.

Banking stocks, dollar hit by U.S. doubts

LONDON (Reuters) - Banking stocks dropped and the dollar slipped on Wednesday as doubts over tax cuts and bond market moves hurt profitability and raised questions over the longevity of the current expansion in the United States.

Qualcomm buy may pit Broadcom against Intel in 'connected car' fight

(Reuters) - If Broadcom Ltd's unsolicited $103 billion bid for Qualcomm Inc succeeds, it could set up a battle with Intel Corp for dominance in the production of the next generation of communications chips, which will play a vital role in so-called connected cars.

FedEx Express orders up to 50 ATR 72-600F freighter planes

PARIS (Reuters) - ATR, the world's largest maker of turboprop planes, announced on Wednesday an order from FedEx Express for up to 50 of its 72-600F freighter planes.

Germany's FlixBus to take on Greyhound in the United States

FRANKFURT (Reuters) - German long-distance bus firm FlixBus plans to expand to the United States next year, taking on rivals such as Greyhound and Megabus from a base in Los Angeles, it said on Wednesday.