Reuters Before the Bell: May 18, 2017

Click to View in Browser Thursday, May 18, 2017 Ralph Lauren beats profit estimates as it reins in discounts (Reuters) - Ralph Lauren Corp reported a better-than-expected quarterly profit on Thursday, as the luxury apparel maker reined in discounts and cut inventories in a bid to boost margins. Deutsche Bank wants former bosses to pay for past misconduct FRANKFURT (Reuters) - Deutsche Bank expects former board members to pay substantial sums for their role in past misconduct which has tarnished the reputation of Germany's biggest lender, its chairman Paul Achleitner said on Thursday. German case on Uber sedan service referred to European court KARLSRUHE, Germany (Reuters) - Germany's highest court on Thursday ruled that Uber's Black service had violated the country's competition laws, but referred the case to the European Court of Justice to decide whether its view was in line with broader European Union laws. Wal-Mart's quarterly same-store sales beat estimates CHICAGO (Reuters) - Wal-Mart Stores Inc on Thursday reported slightly higher-than-expected quarterly sales at established U.S. stores as customer visits increased and online purchases accelerated. Teva Pharmaceutical's search committee recommends foreign CEO: report TEL AVIV (Reuters) - Teva Pharmaceutical Industries' search for a new chief executive has resulted in the selection of a foreigner as the leading candidate, Israeli financial news website Calcalist said on Thursday. Deutsche Bank needs to breathe life into its brand: CEO FRANKFURT (Reuters) - Deutsche Bank needs to focus on reviving its brand before it can reap the benefits of recent restructuring, Chief Executive John Cryan said on Thursday. Oil falls as market stays well supplied despite cuts LONDON (Reuters) - Oil prices fell on Thursday on signs that the market remained well supplied with crude despite efforts by OPEC and other big exporters to curb production and support prices. Credit Suisse on track to achieve end-2018 cost target: chairman ZURICH (Reuters) - Credit Suisse is on track to hit its targeted cost base by end-2018, Chairman Urs Rohner said on Thursday, part of a broad restructure of Switzerland's second-biggest bank. Trump storm hits stocks again but dollar steadies LONDON (Reuters) - Swirling uncertainty over U.S. President Donald Trump's political future saw world stocks extend their steepest fall in over six months on Thursday, though there were signs of stabilization elsewhere as the dollar and gold steadied. Union urges investors to deny Deutsche Bank broad capital authorization FRANKFURT (Reuters) - Fund manager Union Investment on Thursday urged Deutsche Bank's shareholders to vote against measures that give the bank's board broad authorization for further capital increases. Related Video Japan hits longest GDP growth run in a decade Google's AI raises the bar for rivals Apple, Amazon 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