Reuters - Before the Bell

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Tuesday, August 1, 2017

Sprint swings to a profit as subscribers grow

NEW YORK (Reuters) - Sprint Corp on Tuesday swung to a quarterly profit for the first time in three years as the No. 4 U.S. wireless carrier launched aggressive new promotions during the period to win subscribers.

Pfizer revenue misses on lower Prevnar, Enbrel sales

(Reuters) - Pfizer Inc reported quarterly revenue on Tuesday that missed Wall Street estimates, driven by lower demand for its rheumatoid arthritis treatment Enbrel and pneumonia vaccine Prevnar.

The energy patch: where rights offerings are 'sexy' again

WILMINGTON, Del./CHICAGO (Reuters) - Energy businesses that are trying to exit bankruptcy are finding a savior in some of their own creditors, which have been scooping up newly issued stock from the companies at hefty discounts.

Caterpillar CFO Brad Halverson to retire in early 2018

(Reuters) - Caterpillar Inc said on Tuesday its Chief Financial Officer Brad Halverson would retire in early 2018, after spending nearly three decades with the world's largest construction and mining equipment maker.

Global growth boosts stocks, dollar mired near multi-month lows

LONDON (Reuters) - World stocks, on their longest streak of monthly gains in more than a decade, rose on Tuesday amid further signs that the global economy is in fine fettle, while the beaten-down dollar edged up slightly from 14-month lows.

Thomson Reuters' second-quarter profit tops estimates

NEW YORK (Reuters) - Thomson Reuters Corp on Tuesday reported higher-than-expected second-quarter earnings and increased its full-year forecast for margins and adjusted earnings per share as it saw improved results across its largest businesses.

Britain investigates British American Tobacco for corruption

LONDON (Reuters) - Britain has opened a formal investigation into suspicions of corruption at British American Tobacco (BAT) and its subsidiaries, nearly two years after allegations of bribery in Africa first surfaced.

Abu Dhabi gives new deadline as 1MDB misses $600 million payment

ABU DHABI/HONG KONG (Reuters) - Abu Dhabi's sovereign wealth fund has given 1Malaysia Development Berhad's (1MDB) five days to make a $600 million payment, which the troubled Malaysian state fund failed to pay on Tuesday, further complicating a dispute hanging over Southeast Asia's third-biggest economy.

Honda posts strong first quarter, sees higher annual profit on favorable forex

TOKYO (Reuters) - Honda Motor Co. drove up its profit forecast for the year citing a more favorable currency exchange rate, after posting a surprise rise in quarterly earnings on the back of a weaker yen and solid demand in Asia.

European oil majors seek to harness U.S. offshore wind

LONDON (Reuters) - Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience of deepwater development and the crowded offshore wind arena at home.