Thursday, 30 March 2017

Reuters Before the Bell: March 30, 2017

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Thursday, March 30, 2017
BlackBerry, freed of handsets, looks to software for return to glory
TORONTO (Reuters) - Although BlackBerry Ltd has extricated itself from the smartphone handsets that weighed on its recent fortunes, the Canadian firm faces a tough slog to convince skeptics it can return to its glory days through an enlarged software business.
Mexico's governors tap investors in China, elsewhere
MEXICO CITY (Reuters) - Mexico's states are turning to Asia and beyond as some U.S. companies put investment plans on hold south of the border following President Donald Trump's calls to bring jobs back home.
Corporate America's top shareholder referee gets tougher on activists
NEW YORK (Reuters) - Institutional Shareholder Services Inc, the world's top proxy advisory firm, is making activist investors work harder than ever to earn its backing in corporate control battles in a shift being led by the new man in charge of its recommendations.
Jack in the Box inks DoorDash delivery deal
LOS ANGELES (Reuters) - Jack in the Box Inc said it is offering delivery services at more than 800 of the U.S. fast-food chain's restaurants starting on Thursday, under a new partnership with DoorDash Inc.
Ackman apologizes for Valeant losses, calls bet a mistake
BOSTON (Reuters) - Billionaire hedge fund manager William Ackman has apologized to clients for betting on Valeant Pharmaceuticals International Inc , telling them he was "deeply and profoundly sorry" for losing so much of their money on the investment.
Batteries included as Hyundai amps up electric car ambitions
YONGIN, South Korea (Reuters) - South Korea's Hyundai Motor Co is developing its first dedicated architecture for electric vehicles, an executive told Reuters, seeking to catch up with the likes of Tesla in the growing segment with multiple, long-range models.
Saudi Aramco formally appoints banks to advise on share sale
LONDON (Reuters) - Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters.
Toshiba gets go-ahead for chip unit sale at angry shareholder meeting
Chiba, JAPAN (Reuters) - Toshiba Corp shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate's future.
Toyota recalls 2.9 million vehicles globally over airbags
TOKYO (Reuters) - Toyota Motor Corp on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania and other regions including its Corolla Axio sedan and RAV4 SUV crossover due to potentially faulty airbag inflators.
Exclusive: Trump's 'big data' consultant to meet Australian government
SYDNEY/SINGAPORE (Reuters) - The big data company credited with helping Donald Trump win the U.S. presidency has registered a company in Australia and plans to meet the country's ruling conservative Liberal Party next week, according to documents and a government official.
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