Reuters Before the Bell: March 9, 2017

Click to View in Browser Thursday, March 9, 2017 AIG CEO Peter Hancock to resign (Reuters) - American International Group said Chief Executive Peter Hancock has informed the board that he plans to resign. U.S. crude slumps below $50 after stocks build LONDON (Reuters) - Oil prices fell on Thursday, extending the biggest falls this year as record U.S. crude inventories kept sentiment weak, pointing to a global glut despite supply cuts. No matador in sight as bull market in U.S. stocks turns eight NEW YORK (Reuters) - The run of gains on Wall Street turns 8 years old on Thursday and, despite its advanced age, is expected to rage on, with perhaps a few hiccups, based on a combination of stronger company earnings, lower taxes and a corporate-friendly administration in Washington. Factbox: Bull market turns 8 - historical facts and figures (Reuters) - The S&P 500's bull market run turns eight years old on Thursday as equities rebound from the sharpest recession since the Great Depression. Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals AMSTERDAM (Reuters) - Dutch paints and coatings maker Akzo Nobel NV rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc on Thursday, saying instead it wanted to "unlock value" by spinning off its chemicals business. Toshiba's Westinghouse brings in bankruptcy lawyers; disclosure deadlines loom NEW YORK/TOKYO (Reuters) - U.S. nuclear firm Westinghouse Electric Co LLC has hired bankruptcy attorneys, in a sign that owner Toshiba Corp is more seriously weighing a Chapter 11 filing as an option to help it rein in a multibillion dollar financial maelstrom. China February producer inflation fastest in nearly nine years as commodities surge BEIJING (Reuters) - China's producer price inflation accelerated to its fastest pace in nearly nine years in February and by more than expected as prices of steel and other raw materials extended a torrid rally, boosting profits for industrial companies worldwide. China's housing minister 'fully confident' of property market outlook: Caixin BEIJING (Reuters) - China's housing minister Chen Zhenggao said he was "fully confident" of the outlook for the property market, amid strong economic fundamentals and continuing urbanization, financial magazine Caixin said on Thursday. ECB to sit tight ahead of high-risk elections FRANKFURT (Reuters) - The European Central Bank is set to keep monetary policy firmly on hold on Thursday as it casts a nervous eye towards high-risk elections in France and the Netherlands during an upsurge in populist sentiment that threatens to derail the recovery. German Finance Minister says wants 'timely start to exit' from ECB stimulus BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said on Thursday he was in favor of a "timely start to the exit" from the European Central Bank's loose monetary policy, as the central bank gathered for a policy meeting. Related Video Government watchdog takes aim at Icahn, Trump connection Women take a day off, rally against Trump Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook