Bhinneka News Online: Reuters Before the Bell: Stock futures weak as Trump-Kim summit ends abruptly; GDP data in focus

Thursday 28 February 2019

Reuters Before the Bell: Stock futures weak as Trump-Kim summit ends abruptly; GDP data in focus

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Thursday, February 28, 2019

Stock futures weak as Trump-Kim summit ends abruptly; GDP data in focus

U.S. stock index futures edged lower on Thursday after a U.S.-North Korea summit ended abruptly in Vietnam and ahead of a fourth-quarter report on U.S. gross domestic product.

Future Retail secures deal to open 7-Eleven stores in India

U.S.-based 7-Eleven Inc expects to open its first branded store in India this year, after reaching a deal with Future Retail Ltd to run the chain in the Asian nation.

Celgene slumps as Bristol-Myers shareholder resists merger

Shares of Celgene Corp dived 8 percent on Thursday after a major shareholder in Bristol-Myers Squibb Co came out against a $74 billion merger that would be the pharmaceutical world's biggest ever takeover.

Sunrise challenges Swisscom with $6.3 billion deal for Liberty Global's assets

Switzerland's Sunrise Communications is buying U.S. cable giant Liberty Global's local assets in a $6.3 billion deal to bolster its position against Swisscom, the country's dominant mobile and internet provider.

Sunrise investor Freenet to skip rights issue to fund Liberty Global deal

Sunrise Communication's quarter-owner Freenet said on Thursday it will not take part in a $4.1 billion rights issue to fund the Swiss telecommunications group's takeover of Liberty Global's UPC Switzerland business.

SAP says CEO McDermott bags 9.8 million euros in 2018

SAP Chief Executive Bill McDermott received total benefits of 9.8 million euros ($11.2 million) in 2018, according to the software maker's compensation report released on Thursday.

First Facebook investigation to be completed by summer: regulator

Facebook's lead regulator in the European Union expects to conclude the first of seven investigations into the company's use of personal data this summer and the remainder by the end of the year, Ireland's Data Protection Commissioner said on Thursday.

Rolls-Royce quits race to power Boeing's planned mid-market plane

Rolls-Royce dropped out of the race to power Boeing's planned mid-market aircraft on Thursday, saying it did not want to risk more disruption for its airline customers by rushing out a product without extensive testing.

BMW, Daimler pool resources on automated driving technology

Daimler and BMW deepened their alliance on Thursday to share spiraling development costs for highly automated driving technologies, even as each carmaker pursues separate efforts to develop fully self-driving cars.

Air Canada raises long-term profit margin goals

Air Canada increased its long-term targets for profit margins and free cash flow on Thursday, as the country's largest airline benefits from cost-cutting efforts and an expansion into new destinations.