Reuters - Before the Bell

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Wednesday, February 20, 2019

CVS Health's full-year profit forecast misses estimates

CVS Health Corp forecast full-year profit well below Wall Street estimates on Wednesday due to weakness in its long-term healthcare services business, sending its shares down 5 percent.

Qualcomm urges U.S. regulators to reverse course and ban some iPhones

Qualcomm Inc is urging U.S. trade regulators to reverse a judge's ruling and ban the import of some Apple Inc iPhones in a long-running patent fight between the two companies.

Stock futures flat as investors assess U.S.-China trade talks

U.S. stock index futures were subdued on Wednesday after a handful of downbeat earnings reports and as investors weighed the latest developments in trade talks between the United States and China.

Airbus says A320neo India deliveries back on track

European aircraft maker Airbus deliveries of its A320neo aircraft are back on track in India with fewer problems being seen with the narrowbody jet's Pratt & Whitney engines, a senior company executive said on Wednesday.

U.S.-China trade hopes extend equity surge; central banks supportive

World stocks hit a four-month high on Wednesday on hopes of progress in trade talks between the United States and China, with a dovish backdrop at major central banks also helping push markets back into the black.

British PM May says Honda plant closure can't be blamed on Brexit

British Prime Minister Theresa May said Honda's announcement that it would close its factory in England in 2021 was deeply disappointing, but could not be blamed on the country's upcoming departure from the European Union.

VW South Africa targets record production in 2019: official

German carmaker Volkswagen's South African unit expects to produce a record number of vehicles this year despite a sluggish domestic economy, power outages and looming talks with union members, its managing director said.

Southwest cuts unit revenue outlook on government shutdown

Southwest Airlines Co cut its forecast for first-quarter revenue per seat mile on Wednesday, citing weak passenger demand and a $60 million hit from the longest partial U.S. government shutdown in history.

Exclusive: Kinder Morgan to expand Chicago ethanol hub to calm price manipulation concerns - sources

Kinder Morgan Inc will expand loading capacity at its ethanol terminal in Chicago to address producer concerns that trade at the terminal - a benchmark for global ethanol prices - is vulnerable to manipulation, three people briefed on the company's plans told Reuters.

Sainsbury's-Asda deal in jeopardy as UK regulator condemns plan

Britain's competition regulator has dealt a potentially fatal blow to Sainsbury's planned $9.5 billion takeover of Walmart's Asda, saying it was unlikely the companies would be able to address its "extensive" concerns about the deal.