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Friday, February 10, 2017

Stock futures edge up after Wall St. hits record high

(Reuters) - U.S. stock index futures were slightly higher on Friday, a day after Wall Street hit record high on President Donald Trump's promise to unveil a tax reform plan in the coming weeks.

Reckitt finalizes deal to buy Mead Johnson for $16.6 billion

LONDON (Reuters) - Reckitt Benckiser has agreed to buy U.S. baby formula maker Mead Johnson Nutrition for $16.6 billion, giving the British consumer goods company a new product line and expanding its presence in developing markets.

Energy products boost U.S. import prices in January

WASHINGTON (Reuters) - U.S. import prices rose more than expected in January amid further gains in the cost of energy products, but a strong dollar continued to dampen underlying imported inflation.

Aon to sell benefits outsourcing to Blackstone for up to $4.8 billion

(Reuters) - Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion.

Daimler, VW directors meet to discuss Bernhard, Diess: sources

FRANKFURT (Reuters) - Directors at Daimler and Volkswagen are holding separate closed-door meetings on Friday, each to discuss an executive whose restructuring efforts have provoked anger among powerful labor leaders.

Exclusive: OPEC figures show over 90 percent compliance with supply cut -sources

LONDON (Reuters) - OPEC has delivered more than 90 percent of pledged oil output curbs in January, according to figures the exporter group uses to monitor its supply, making a strong start to implementation of its first production cut in eight years.

Walt Disney seeks control of troubled offspring Euro Disney

DOHA/PARIS (Reuters) - Walt Disney Co is to seek full control of Euro Disney after raising its stake in the underperforming operator of Disneyland Paris through a deal with Saudi billionaire Prince Alwaleed bin Talal.

Oil overhang points to need for extended OPEC output cuts

LONDON (Reuters) - An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short of achieving its objective of rebalancing the market.

Oil rises on signs of record compliance with OPEC output deal

LONDON (Reuters) - Oil prices rose more than 1 percent on Friday after news that OPEC members' initial compliance with last year's landmark production cut deal reached a record high.

Saab pitches modern combat jet plant in India in two-horse race with Lockheed

NEW DELHI (Reuters) - Sweden's SAAB has offered to build the world's most modern fighter aircraft factory in India, it said on Friday, as it goes head-to-head with U.S. rival Lockheed Martin to supply hundreds of locally produced planes to India's military.