Newsletter BOX: Before the Bell: Stock futures imply lower open, Priceline up on results

08/9/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Stock futures imply lower open, Priceline up on results

NEW YORK (Reuters) - Stock index futures pointed to a lower open on Friday, putting major indexes on track for their worst week since June, as investors found few reasons to buy with equity prices near record levels.

Exclusive: PetroChina to join Exxon on giant Iraqi oilfield - source

BEIJING/MOSCOW (Reuters) - China's biggest energy firm PetroChina will join Exxon Mobil in developing Iraq's giant West Qurna oilfield and is in talks with Lukoil to buy into a second project at the field, industry sources said on Friday.

America Movil makes $9.6 billion bid for rest of KPN

MEXICO CITY/LONDON (Reuters) - Mexican billionaire Carlos Slim's America Movil has made a 7.2 billion euro ($9.6 billion) bid for the 70 percent of Dutch telecoms group KPN it does not own, challenging an arch-rival's attempt to buy KPN's German business.

Exclusive: China to let banks sell off loans in prelude to possible bailout

BEIJING/SHANGHAI (Reuters) - China is developing a new trading platform to enable banks to sell off loans to a wider range of investors, in a move that could pave the way for a government bailout of lenders or distressed asset sales to private investors.

Hackers switch to new digital currency after Liberty Reserve

NEW YORK (Reuters) - Three months after a team of international law enforcement officials raided the digital currency firm Liberty Reserve, cyber experts say criminals are increasingly turning to another online currency called Perfect Money.

UBS to pay $120 million in settlement over Lehman notes

(Reuters) - UBS AG has agreed to pay $120 million to settle a lawsuit by investors who accused the Swiss bank of misleading them about the financial condition of Lehman Brothers Holdings Inc in connection with the sale of structured notes.

Goldman names Alasdair Warren head of EMEA financial sponsors

LONDON (Reuters) - Goldman Sachs has appointed Alasdair Warren as head of its financial sponsors group for Europe, Middle East and Africa (EMEA), according to a memo seen by Reuters.

Exclusive: BlackBerry open to going private, sources say

(Reuters) - BlackBerry Ltd is warming up to the possibility of going private, as the smartphone maker battles to revive its fortunes, several sources familiar with the situation said.

After nine years, Tesco gives up on cracking China alone

HONG KONG/LONDON (Reuters) - After nine years in China, British supermarket firm Tesco is to fold its unprofitable operation into a state-run company as a minority partner, becoming the latest foreign retailer to give up on trying to crack China on its own.

China's output data adds to case for economy steadying

BEIJING (Reuters) - China's factory output grew in July at its fastest pace since the start of the year, adding to a run of data suggesting the world's second-largest economy may be stabilizing after more than two years of slumping growth.