Thursday, 8 June 2017

🔔 Reuters Before the Bell: June 8, 2017

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Thursday, June 8, 2017
Forestar says D.R. Horton's offer could be superior to Starwood bid
(Reuters) - Forestar Group Inc said on Thursday U.S. homebuilder D.R. Horton Inc's offer to buy a majority of the real estate developer could be superior to Starwood Capital Group's bid to buy Forestar.
ECB keeps money taps open but drops reference to rate cuts
TALLINN/FRANKFURT (Reuters) - The European Central Bank kept its money taps wide open on Thursday but dropped a reference to possible interest rate cuts, an unexpectedly hawkish move as euro zone growth accelerates.
Nissan to make automatic emergency braking standard in one million U.S. cars
(Reuters) - Nissan Motor Co Ltd said on Thursday it will make automatic emergency braking (AEB) standard on an estimated one million vehicles sold in the United States for model year 2018.
Oil falls for second day as concern grows over supply
LONDON (Reuters) - Oil fell for a second day on Thursday to hit one-month lows after an unexpected surge in U.S. inventories and the return of more Nigerian crude aggravated investor concerns about an already oversupplied market.
Europe steady as UK election, ECB grab attention
LONDON (Reuters) - European stocks inched higher and the euro and the pound barely budged, as markets readied for a triple-dose of excitement - an ECB meeting, a British election and testimony by the ex-FBI chief fired by Donald Trump last month.
Boeing barrels ahead on 787 and 777 cost reductions
SEATTLE (Reuters) - Boeing Co is streamlining its aircraft production systems at its largest factory, trying to cut costs to compete with rival Airbus and chip away at the near-$30 billion deficit created by its 787 Dreamliner.
Boeing studies pilotless planes as it ponders next jetliner
SEATTLE (Reuters) - Boeing Co is looking ahead to a brave new world where jetliners fly without pilots and aims to test some of the technology next year, the world's biggest plane maker said in a briefing ahead of the Paris Airshow.
U.S. business group urges trade fixes ahead of China's party congress
BEIJING (Reuters) - A U.S. business lobby in China said on Thursday that Washington should use leverage afforded by China's desire to avoid trade frictions with the United States ahead of its Communist Party Congress this fall in order to fix market access discrepancies.
Small is lucrative for Wachtell, corporate America's legal defense force
NEW YORK (Reuters) - Every Tuesday, partners and associates at Wachtell, Lipton, Rosen & Katz gather for a communal lunch in the dining room of the law firm's Manhattan offices.
Former South Korean minister jailed over role in Samsung merger: Yonhap
SEOUL (Reuters) - A Seoul court on Thursday sentenced a former South Korean health minister to two and a half years jail for his role in a corruption scandal that led to the impeachment and arrest of former president Park Geun-hye, Yonhap reported.
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