Reuters - Before the Bell

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Thursday, December 7, 2017

ExxonMobil, Chevron, Shell paid no tax in Australia for 2016

MELBOURNE (Reuters) - Exxon Mobil Corp and Chevron Corp paid no tax in Australia in the 2016 financial year, the third year in a row, despite reporting billions of dollars in income from operations in the country, a report from the tax office showed on Thursday.

Czech Travel Service says signs deal for additional nine Boeing 737 MAX planes

PRAGUE (Reuters) - Czech airline Travel Service said on Thursday it had signed an order for nine additional Boeing 737 MAX planes for its fleet in November, increasing its total order book for the model to 39 planes.

Dollar hits two-week high, world shares climb as risk appetite returns

LONDON (Reuters) - The dollar rose to its highest level in two weeks on Thursday and world shares rebounded amid a broader recovery in global risk sentiment.

Alibaba, Ford to cooperate in search for new retail opportunities

BEIJING/SHANGHAI (Reuters) - Alibaba Group Holding Ltd has signed a deal with Ford Motor Co to explore cooperation in areas such as cloud computing, connectivity and retail which could involve the sale of Ford cars on Alibaba's online retail platform Tmall.

Stock futures sluggish; eyes on tax bill talks and General Electric

(Reuters) - U.S. stock futures pointed to a dull opening on Thursday with technology stocks holding on to their modest gains as traders focus on progress in tax bill negotiations and General Electric's job-cut plan.

General Electric to cut 12,000 jobs in power business revamp

ZURICH (Reuters) - General Electric Co announced on Thursday it was axing 12,000 jobs at its global power business as the struggling industrial conglomerate responds to dwindling demand for fossil fuel power plants.

GE to cut 1,100 power business jobs in Britain

LONDON (Reuters) - General Electric Co plans to cut around 1,100 jobs or 6 percent of its workforce across its power business in Britain following a significant deterioration in its markets, it said on Thursday.

VW executive gets seven years for U.S. emissions fraud

DETROIT (Reuters) - A U.S.-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.

GE proposes to cut 1,600 jobs in Germany

BERLIN (Reuters) - General Electric said it plans to cut around 1,600 jobs in Germany as it shrinks its troubled power generation business.

General Electric proposes 1,400 job cuts in Switzerland‍

ZURICH (Reuters) - General Electric announced plans on Thursday to ax around a third of its Swiss workforce as the industrial conglomerate responds to a sharp fall in demand for fossil fuel power equipment.