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Tuesday, 4 April 2017

Reuters Before the Bell: April 4, 2017

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Tuesday, April 4, 2017
Vale megadeal puts Morgan Stanley, Bradesco at the top of Brazil M&A
SAO PAULO (Reuters) - Morgan Stanley and Banco Bradesco BBI SA topped Brazil's mergers and acquisitions rankings in the first quarter, buoyed by advisory roles in the $21 billion corporate reorganization of Vale SA , the world's No.1 iron ore producer.
South Korean automakers cut China production amid missile row: sources
SEOUL (Reuters) - South Korea's Hyundai Motor Co and Kia Motors Corp have sharply cut vehicle production in China, sources said, as anti-Korean sentiment and competition from Chinese brands play havoc on sales and threaten earnings.
Asia stocks skittish as investors seek shelter before Trump-Xi meeting
SINGAPORE (Reuters) - Asian shares inched lower on Tuesday as caution reigned ahead of a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping later this week.
Brazil's black market pipeline: Gangs hijack Petrobras' oil, fuel
RIO DE JANEIRO (Reuters) - In September, police investigating a wave of killings in the northern Rio de Janeiro suburbs followed a tip to the isolated scrubland near the massive Duque de Caxias oil refinery.
Elon Musk mocks short sellers after Tesla stock surge
(Reuters) - As Tesla Inc's strong quarterly vehicle deliveries sent its stock to a record high on Monday, Chief Executive Elon Musk took a swipe at traders betting the luxury electric car company is on a road to ruin.
Panera Bread shares jump on report of possible sale
(Reuters) - Shares of Panera Bread Co rose 8 percent to a record high on Monday on a report that the bakery cafe chain was considering strategic options, including a sale, after receiving takeover interest.
IMF chief warns slowing productivity risks living standards drop
WASHINGTON (Reuters) - Living standards around the world could fall unless governments invest more in research and education that can help revive weak productivity growth, International Monetary Fund Managing Director Christine Lagarde warned on Monday.
Government orders Wells Fargo to reinstate whistleblower
(Reuters) - The federal government has ordered Wells Fargo to reinstate a former bank manager who lost his job after reporting suspected fraudulent behavior at the bank.
Waymo targets second senior executive in Uber self-driving dispute
SAN FRANCISCO (Reuters) - Alphabet's self-driving car unit Waymo initiated private legal proceedings against two former executives who launched a rival company acquired by Uber [UBER.UL], court records show, accusing them of trying to recruit Waymo employees to the new startup that aims to revolutionize the auto industry.
GM gives details of contacts with Einhorn, CEO Barra's pay
DETROIT (Reuters) - General Motors Co on Monday outlined in a regulatory filing contacts with billionaire hedge fund manager David Einhorn who went public last week with a plan to boost GM's value and announced its slate of board nominees, all of whom currently serve on the board.
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