Reuters - Before the Bell

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Thursday, June 1, 2017

U.S. private sector adds 253,000 jobs in May: ADP

(Reuters) - U.S. private employers added 253,000 jobs in May, above economists' expectations, a report by a payrolls processor showed on Thursday.

Powell says Fed marching on despite sagging U.S. inflation

NEW YORK (Reuters) - The Federal Reserve sent a strong signal on Thursday that it will raise interest rates this month and soon begin shedding some of its $4.5 trillion in bond holdings despite some weak recent U.S. inflation readings.

Exclusive: OPEC looked at extra 1-1.5 percent oil supply cut, could revive proposal

DUBAI/LONDON (Reuters) - OPEC discussed cutting its oil output by a further 1-1.5 percent when it met last week, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and continue to weigh on prices.

'Axis of love': Saudi-Russia detente heralds new oil order

MOSCOW (Reuters) - A meeting between the two men who run Russia and Saudi Arabia's oil empires spoke volumes about the new relationship between the energy superpowers.

PPG admits defeat for now in quest to buy Akzo Nobel

AMSTERDAM (Reuters) - U.S. paints and coatings maker PPG Industries has dropped its attempt to buy Dutch rival Akzo Nobel in a 26.3 billion euro ($29.5 billion) deal, stung by repeated rejections from the company, legal defeats and hostility from Dutch politicians.

Oil prices under pressure from rising OPEC supplies

LONDON (Reuters) - Oil prices pared gains reached earlier in the session on Thursday, despite U.S. industry data showing a big drop in crude stocks last week, as the market remains suspicious whether OPEC cuts will be enough to rebalance an oversupplied market.

Sulk but no tantrum likely as central banks sidle toward exit

LONDON (Reuters) - History suggests that financial markets react violently when a central bank signals it is scaling back the stimulus that has kept an economy afloat - and lined the pockets of investors.

Deere to buy German road construction firm Wirtgen for $5.2 billion

(Reuters) - U.S. based farm and construction major Deere & Co said on Thursday it would buy privately held German road construction company Wirtgen Group for $5.2 billion, including debt.

T-Mobile's expanded network has rivals - and suitors - taking notice

NEW YORK (Reuters) - T-Mobile US Inc has built a reputation as a scrappy underdog by offering cell service with no contracts and cheap prices.

CBS move to own shows like 'MacGyver' pays off in overseas sales

NEW YORK (Reuters) - Just over a decade ago, CBS Corp accelerated its push to own more of the shows it broadcasts, rather than licensing them from studios.