Tuesday, 9 May 2017

Reuters Business Today: May 9, 2017

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Tuesday, May 9, 2017
Futures rise as risk-on sentiment improves
(Reuters) - U.S. stock index futures rose on Tuesday as a favorable French election outcome and a robust first-quarter earnings season improved appetite for risk.
Allergan tops profit estimates; raises 2017 revenue forecast
(Reuters) - Botox-maker Allergan Plc reported a higher-than-expected quarterly profit on Tuesday, and raised its 2017 revenue forecast to reflect its $2.48 billion acquisition of Zeltiq Aesthetics.
Office Depot profit beats estimates as costs drop
(Reuters) - Office supply chain Office Depot Inc , reported a bigger-than-expected profit for the first quarter as its operational expenses fell, in part due to a lower store count.
Valeant swings to profit on tax gain, raises forecast
(Reuters) - Canada's Valeant Pharmaceuticals International Inc reported its first profit in six quarters, helped by a one-time tax gain, and raised its full-year earnings forecast, sending its U.S. shares up 13 percent in premarket trading.
American Airlines raises second-quarter forecast for key revenue metric
(Reuters) - American Airlines Group on Tuesday raised its forecast for total revenue per available seat mile (TRASM), a key revenue metric, for the second quarter, citing improving yields and lower estimated fuel prices.
Trump review of Wall Street rules to be done in stages: sources
NEW YORK/WASHINGTON (Reuters) - The U.S. government's review of a landmark 2010 financial reform law will not be complete by early June as originally targeted, and officials will now report findings piece-by-piece, with priority given to banking regulations, sources familiar with the matter said on Monday.
U.S. regulators look at Volcker Rule, a sign they hear Wall Street
WASHINGTON (Reuters) - U.S. financial regulators on Monday discussed the Volcker rule governing banks' speculative trading, tackling one of Wall Street's biggest concerns and a sign President Donald Trump's administration is listening to banks' wishes about reforms resulting from the financial crisis.
Oil steadies but rattled by concern about OPEC's clout
LONDON (Reuters) - Oil rose on Tuesday but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market.
Sanofi pegs U.S. drug price rises to below healthcare inflation
(Reuters) - French drugmaker Sanofi has pledged to peg U.S. drug price rises to below healthcare inflation in a move that limits increases for any product this year to 5.4 percent, unless there are exceptional circumstances.
AerCap still sees good demand for most popular wide-body jets
PARIS (Reuters) - The world's largest independent aircraft leasing company, AerCap , sought on Tuesday to dampen concerns over recent U.S. publicity about weak demand for wide-body jets, saying there was "good solid demand" for the most widely traded types.
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