Reuters - Before the Bell

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Thursday, January 11, 2018

Futures pick up as bond market worries ease

(Reuters) - U.S. stock futures were slightly higher on Thursday, a day after Wall Street closed lower for the first time this year following a spike in U.S. Treasury yields and concerns over the United States pulling out of a key trade agreement.

Toyota, Mazda announce $1.6 billion plant for Huntsville, Alabama

MONTGOMERY, Ala. (Reuters) - Toyota Motor Corp and Mazda Motor Corp said on Wednesday they will build a $1.6 billion joint assembly plant in Alabama that will employ up to 4,000 workers, a boost for President Donald Trump, who wants automakers to expand U.S. production.

Delta sees unit revenue rise as quarterly profit beats

(Reuters) - Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday after more people flew during the holiday season, offsetting higher costs.

Claws are out in logo row between Puma and fashion designer Plein

FRANKFURT (Reuters) - Sportswear firm Puma has won an injunction to stop fashion designer Philipp Plein from selling clothes in Germany bearing a tiger logo similar to its own leaping cat, Puma said on Thursday.

SEC seeks trustee for firm behind alleged $1 billion Ponzi fraud

WILMINGTON, Del. (Reuters) - The U.S. Securities and Exchange Commission urged a federal judge on Wednesday to appoint a trustee to manage the Woodbridge Group of Companies, a bankrupt property developer the regulator accused of being a $1.2 billion Ponzi scheme.

South Korea plans to ban cryptocurrency trading, rattles market

SEOUL (Reuters) - South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.

Oil reaches multi-year highs despite signs of overheated market

LONDON (Reuters) - Oil prices hit multi-year highs on Thursday despite warnings that a 13 percent rally since early December was close to running its course.

Rocket Internet CEO says ready to pounce with cash pile

BERLIN (Reuters) - Germany's Rocket Internet needs to hold on to its mountain of cash so it can compete with rivals from the United States and China and pounce when investment opportunities arise, the chief executive said in an interview.

Global business jet market starting to recover: Dassault Aviation chief

PARIS (Reuters) - The global business jet market, which had been bruised by the 2007-08 financial crisis, has started to show signs of recovery, the head of France's Dassault Aviation said on Thursday.

Kenya Airways CEO sees 10 percent revenue bump from direct U.S. flights

NAIROBI (Reuters) - Kenya Airways expects its daily direct flights to the United States that it launches for the first time in October to boost annual revenue by 10 percent from 2019, the chief executive said on Thursday.