Reuters Before the Bell: Disney unveils price, launch date for big streaming push

Click to View in Browser Friday, April 12, 2019 Disney unveils price, launch date for big streaming push Walt Disney Co priced its highly anticipated streaming video service below Netflix in an aggressive move to challenge the dominant streaming service and entice families to buy yet another monthly subscription. Chevron to buy Anadarko for $33 billion in shale push Chevron Corp unveiled a $33 billion takeover of Anadarko Petroleum Corp on Friday, bolstering its position in shale oil and liquid natural gas production with the biggest industry merger since Royal Dutch Shell bought BG Group in 2016. Alibaba founder defends overtime work culture as 'huge blessing' Alibaba Group founder and billionaire Jack Ma has defended the grueling overtime work culture at many of China's tech companies, calling it a "huge blessing" for young workers. PNC Financial first-quarter profit meets estimates PNC Financial Services Group Inc's first-quarter profit met analysts' estimates on Friday, as a rise in expenses and provision for credit losses overshadowed growth in interest income and loans. JPMorgan profit tops estimates on higher interest income JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday, as higher interest income and gains in the bank's advisory and debt underwriting business offset weakness in trading. Chinese group to get control of Japan Display after $2.1 billion bailout A Chinese-Taiwanese group will take control of Apple Inc supplier Japan Display after pumping in funds as part of a 232 billion yen ($2.1 billion) bailout plan for the troubled display panel maker. Fiat Chrysler CEO gives upbeat outlook for year The head of Fiat Chrysler gave an upbeat outlook for the year after a tricky end to last year and a slow start to this one, confirming it was on track to meet its targets. Japan court extends Carlos Ghosn's detention until April 22 The Tokyo District Court said on Friday it had extended Carlos Ghosn's detention period by eight days, giving prosecutors until April 22 to bring formal charges against the former Nissan Motor Co boss or let him go. U.S. Senator Warner eyes social media bills for hate speech, data portability U.S. Senator Mark Warner, who co-sponsored legislation this week to ban deceptive practices by social media companies, said on Thursday he was eyeing additional bills aimed at limiting hate speech and allowing users to move their data across platforms. Oil rises as supply constraints outweigh China slowdown fears Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market, already underpinned by a production reduction deal from OPEC and its allies. Related Video French court finds Bayer's Monsanto guilty Boeing CEO: MAX customers are trying out fix Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook