Reuters - Before the Bell

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Thursday, July 27, 2017

Twitter shares tumble on weaker-than-expected user growth

(Reuters) - Twitter Inc shares tumbled in premarket trading on Monday after the social media platform reported weaker-than-expected growth in monthly active users in the second quarter.

ConocoPhillips trims capex after posting quarterly loss

(Reuters) - ConocoPhillips slashed its 2017 capital spending by 4 percent on Thursday, the latest U.S. oil and natural gas producer to do so in reaction to depressed crude prices .

Starbucks to buy remaining stake in East China JV for $1.3 billion

(Reuters) - Coffee chain Starbucks Corp said on Thursday it would buy the remaining 50 percent share of its East China business from its joint venture (JV) partners for about $1.3 billion, in its biggest ever acquisition.

Worldwide price gains help Dow Chemical beat estimates

(Reuters) - Dow Chemical Co's results beat Wall Street estimates on Thursday, as the chemicals company raised prices of its products and cut costs.

Deutsche Bank expects lower 2017 revenue after mixed second quarter

FRANKFURT (Reuters) - Deutsche Bank forecast lower full-year revenue and only a modest improvement in earnings on Thursday, after a drop in capital markets trading hit second-quarter sales.

Deutsche Bank asset management IPO unlikely in 2017: CEO

FRANKFURT (Reuters) - Deutsche Bank's planned listing of its asset management arm is unlikely to take place this year, Chief Executive John Cryan said on Thursday.

Verizon's quarterly revenue beats estimates, subscribers rise

(Reuters) - Verizon Communications Inc on Thursday reported quarterly revenue that topped expectations as the No. 1 U.S. wireless carrier attracted more subscribers with its unlimited data plan.

Round Two: Elliott Advisors, Akzo Nobel resume combat in Dutch court

AMSTERDAM (Reuters) - Activist hedge fund Elliott Advisors on Thursday returned to court to try to oust the chairman of Dutch paints group Akzo Nobel over his rejection of a 26.3 billion euro ($30 billion) takeover proposal from PPG Industries .

Exclusive: 'High Times' ready to roll with public offering - sources

(Reuters) - The publisher of iconic marijuana enthusiast magazine, "High Times," plans to take the company public in the fall, two sources familiar with the situation told Reuters this week, as an increasing number of U.S. states legalize the drug.

At 'bare bones' Noble Group, staff exits and debt pose more risks

SINGAPORE (Reuters) - Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and industry sources say.