Friday, 19 May 2017

Reuters Before the Bell: May 19, 2017

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Friday, May 19, 2017
Dollar remains weak as beating eases for global stocks
LONDON (Reuters) - The dollar limped toward its worst week since last July on Friday and world stocks headed for their first weekly fall in five, as storms surrounding Donald Trump's U.S. presidency and Latin America's biggest economy, Brazil, began to calm.
Campbell Soup misses profit, sales estimates; trims sales forecast
(Reuters) - Campbell Soup Co reported lower-than-expected quarterly sales and profit, hurt by higher promotions and weak demand for condensed soups, broths and V8 vegetable juices, and warned that its full-year sales could decline.
Oil heads for second week of gains as output cut extension expected
LONDON (Reuters) - Oil prices were heading on Friday for a second week of gains on growing expectations that big crude exporters will extend output cuts to curb a persistent glut in inventories.
SoftBank boss follows Trump to Saudi to launch $100 billion fund
TOKYO (Reuters) - Some six months after his visit to Donald Trump's Manhattan mansion cheered investors, Masayoshi Son, Japan's richest man, is set to follow his friend to Saudi Arabia as the new U.S. president makes his first overseas trip since taking office.
Bain, KKR, Broadcom among suitors lining up for Toshiba's chips business
TOKYO (Reuters) - Suitors including private equity firms KKR & Co LP, Bain Capital and U.S. chip maker Broadcom Ltd are lining up for Toshiba Corp's semiconductor business, sources familiar with matter said ahead of a deadline for second-round offers on Friday.
Japan government investors tell Toshiba of plan to join chip unit bidding: sources
TOKYO (Reuters) - Two Japanese government-backed investors have formally informed Toshiba Corp of their intention to take part in bids for its prized flash memory chip business, sources familiar with the matter said.
SK Hynix says will bid for Toshiba's memory chip business as part of a consortium
SEOUL (Reuters) - South Korea's SK Hynix Inc said on Friday it will submit a final bid for Toshiba Corp's memory chip business as part of a consortium.
Four car makers settle claims over Takata inflators for $553 million
WASHINGTON/TOKYO (Reuters) - Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag inflators, court documents filed on Thursday showed.
Dealmakers aplenty, SoftBank's Son looks for wonks
(Reuters) - Deep Nishar spends more time roaming university hallways than he does corporate boardrooms.
Janssen files suit in U.S. to block sale of Samsung Bioepis' Remicade copy
SEOUL (Reuters) - A unit of healthcare conglomerate Johnson & Johnson filed a lawsuit to block a copy of its rheumatoid arthritis drug Remicade made by South Korea's Samsung Bioepis Co Ltd from being sold in the United States.
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