Wednesday, 5 April 2017

Reuters Before the Bell: April 5, 2017

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Wednesday, April 5, 2017
Monsanto's profit jumps 28.7 percent
(Reuters) - U.S. seeds and agrochemicals company Monsanto Co , which is in the process of being bought by Germany's Bayer AG for $66 billion, reported a 28.7 percent rise in quarterly profit, helped by strong demand for soybean and corn seeds.
No big bets ahead of Trump-Xi meeting; oil, metal prices firm
LONDON (Reuters) - Caution prevailed across major markets on Wednesday before a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping this week, although metals and oil prices firmed on hope of better global demand.
Wells Fargo's aggressive sales tactics hit small firms: WSJ
(Reuters) - Wells Fargo & Co has restructured its credit card processing business after an internal probe found some employees had falsely reported customer sales numbers, the Wall Street Journal reported on Wednesday.
Toshiba's Westinghouse fired chairman two days before bankruptcy filing
TOKYO (Reuters) - Westinghouse Electric Co LLC fired its chairman two days before the U.S. nuclear engineering unit of Toshiba Corp filed for bankruptcy last week, as the Japanese firm tries to draw a line under the travails of a business that has cost it billions.
EU clears ChemChina takeover of Syngenta with conditions
BRUSSELS (Reuters) - ChemChina [CNNCC.UL] won EU antitrust approval on Wednesday for its $43 billion bid for Swiss pesticides and seeds group Syngenta , a crucial deal that could help China boost its domestic agricultural output.
Syngenta says ChemChina takeover still set to close in second-quarter
ZURICH (Reuters) - ChemChina's [CNNCC.UL] $43 billion bid for Swiss pesticides and seeds group Syngenta is still set to close in the second quarter, the Swiss group said after the deal won EU and U.S. anti-trust approval on Wednesday.
JAB Holding to buy bakery chain Panera Bread in $7.5 billion deal
(Reuters) - JAB Holdings, the owner of Caribou Coffee and Peet's Coffee & Tea, said on Wednesday it would buy U.S. bakery chain Panera Bread Co in a deal valued at about $7.5 billion, including debt, as it expands its coffee and breakfast empire.
ExxonMobil says in talks to buy Singapore's Jurong Aromatics
SINGAPORE (Reuters) - ExxonMobil said on Wednesday it is in talks to buy a refining-petrochemical complex in Singapore that could boost its fuel and chemical production in Asia.
Apple aims for more control, less cost as it accelerates in chip design
SAN FRANCISCO (Reuters) - Apple Inc's decision to stop licensing graphics chips from Imagination Technologies Group Plc is the clearest example yet of the iPhone maker's determination to take greater control of the core technologies in its products - both to guard its hefty margins and to position it for future innovations, especially in so-called augmented reality.
Swiss now in touch with Dutch over Credit Suisse case: AG
BERN (Reuters) - Swiss Attorney General Michael Lauber is in touch with Dutch authorities over an international investigation into suspected tax evasion and money laundering via accounts at Credit Suisse , he told a news conference on Wednesday, declining further comment.
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