Tuesday, 28 November 2017

Reuters Before the Bell: Oil falls on doubts over OPEC, pipeline restart

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Tuesday, November 28, 2017
Oil falls on doubts over OPEC, pipeline restart
LONDON (Reuters) - Oil prices fell on Tuesday on uncertainty over the outcome of a key OPEC meeting this week due to decide on production policy for the next year.
Arby's owner Roark to buy Buffalo Wild Wings for $2.4 billion
(Reuters) - Arby's restaurant owner Roark Capital Group will buy Buffalo Wild Wings Inc for $2.4 billion, months after an activist investor won seats on the restaurant's board following a bitter proxy fight.
Airbus poaches Rolls-Royce executive to head aircraft sales
PARIS/LONDON (Reuters) - Airbus has hired the boss of Rolls-Royce's civil engines division, Eric Schulz, to replace John Leahy as head of commercial aircraft sales, following months of uncertainty over who would replace the veteran dealmaker.
Emerson Electric pulls Rockwell Automation bid off table
(Reuters) - Factory automation maker Emerson Electric Co on Tuesday withdrew its offer to buy Rockwell Automation Inc after the smaller rival rebuffed its buyout offer twice.
SoftBank offers to buy Uber shares at 30 percent discount
SAN FRANCISCO (Reuters) - Japan's SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.
Japan Inc scandals widen as Toray admits cheating
TOKYO (Reuters) - Japan's Toray Industries Inc on Tuesday revealed 149 cases of quality data falsification at a materials-making subsidiary spanning eight years, in the latest quality-assurance scandal to hit a Japanese manufacturer.
Siemens, Airbus, Rolls-Royce team up on hybrid-electric propulsion
(Reuters) - Airbus , Rolls-Royce and Siemens have come together to develop a hybrid electric engine as the race intensifies to advance battery technology and electric motors to lower flying costs and move away from fossil fuels.
Pressured for profit, oil majors bet big on shale technology
HOUSTON (Reuters) - Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at once - without ever setting foot on a rig.
Global crypto-currency crackdown sparks search for safe havens
NEW YORK (Reuters) - When U.S. entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Instead he chose the East African island nation Seychelles to sell the trading platform's tokens.
Factbox: National regulators' views on initial coin offerings
(Reuters) - The emergence of bitcoin in 2009 as the first decentralized digital currency using cryptography as a security feature has spawned more than 1,200 new digital crypto-currencies, with coins, or tokens, sold by crypto-currency firms to fund their projects one of the fastest growing applications.
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