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Friday, June 23, 2017

Stock futures little changed as oil prices edge up

(Reuters) - U.S. stock index futures were little changed on Friday as oil prices edged up and ahead of economic data and speeches by Federal Reserve policymakers.

Toshiba willing to talk with spurned Western Digital about chip unit sale

TOKYO (Reuters) - Toshiba Corp said it was open to talks with Western Digital Corp in their dispute over the sale of the Japanese conglomerate's prized chip unit - an apparent olive branch after it chose another suitor as preferred bidder.

Ford recalls 15,600 cars in South Africa over fire risk

JOHANNESBURG (Reuters) - Ford Motor Co is recalling nearly 16,000 Ikon and Figo models in South Africa due to a potential fire risk, it said on Friday.

Canada's CIBC completes $5 billion PrivateBancorp acquisition

TORONTO (Reuters) - Canadian Imperial Bank of Commerce said on Friday that it had completed the $5 billion acquisition of Chicago-based PrivateBancorp in a deal which will help it diversify from its domestic market.

VW waives appeal against German dieselgate compensation cases

BERLIN (Reuters) - German carmaker Volkswagen has agreed to buy back diesel cars equipped with illicit emissions control software after deciding not to appeal a German court ruling backing plaintiffs' calls for compensation.

Biggest U.S. banks clear first hurdle in Fed's annual stress tests

WASHINGTON/NEW YORK (Reuters) - The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday.

American Airlines pushes back on Qatar Airways plan to buy stake

(Reuters) - American Airlines' chief executive said on Thursday he is not "particularly excited" about Qatar Airways' interest in buying up to 10 percent of the U.S. carrier's shares, in a letter to employees following the state-owned Gulf airline's overture.

Accenture unloads $1.6 billion in pension liabilities to AIG, MassMutual

(Reuters) - Consulting and outsourcing services provider Accenture Plc said on Friday it would transfer $1.6 billion in pension obligations to insurers American International Group Inc and MassMutual.

Elbit Systems says innovation key to crowded drone market

PARIS (Reuters) - Israeli defense electronics company Elbit Systems Ltd , is moving quickly to innovate and maintain its edge in a global market in which it faces increasing competition from China, France, Turkey and others.

China's ICBC says checks of loans to big acquirers are routine

BEIJING (Reuters) - Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended to a handful of highly acquisitive firms.