Reuters - Before the Bell

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Tuesday, January 9, 2018

Futures edge up, S&P set for record open

(Reuters) - U.S. stock futures edged higher on Tuesday, keeping alive Wall Street's 2018 winning streak that is powered by robust economic data and expectations of earnings boost from corporate tax cuts.

Airbus says to boost China assembly, but wins no new jet order

PARIS (Reuters) - European planemaker Airbus said it planned to boost the number of planes it assembles in China under a deal signed in Beijing on Tuesday to expand co-operation at its Tianjin assembly plant.

Target's holiday sales rise 3.4 percent, boosts profit forecast

(Reuters) - Target Corp on Tuesday said its comparable store sales for November and December rose 3.4 percent, driven by strong traffic growth and online sales, leading it to raise its fourth quarter profit forecast.

IPhone addiction may be a virtue, not a vice for investors

NEW YORK (Reuters) - Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits.

Samsung profit guidance disappoints, memory outlook cloudy

SEOUL (Reuters) - Samsung Electronics Co Ltd said it would likely rake in a record fourth-quarter profit but the guidance fell short of consensus estimate, spooking investors already worried that a memory chip boom could be ending sooner rather than later.

Alibaba will 'seriously consider' Hong Kong listing, says founder Ma

SHANGHAI/HONG KONG (Reuters) - Alibaba Group Holding Ltd will "seriously consider" listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings.

BoJ's tweak buoys yen, stocks rally rumbles on

LONDON (Reuters) - A tweak to the Bank of Japan’s bond-buying program caused the yen to rise on Tuesday, while gains from commodity stocks as oil hit its highest since 2015 helped world shares maintain their flying start to the year.

Tesco top in UK Christmas trading battle: Kantar Worldpanel

LONDON (Reuters) - Britain's biggest supermarket group Tesco was the best performer over Christmas, Kantar Worldpanel said on Tuesday, with a 3.1 percent rise in sales in the past 12 weeks beating its "big four" rivals Sainsbury's, Asda and Morrisons.

GM races to build a formula for profitable electric cars

DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021.

Abu Dhabi's Etihad appoints former JetBlue executive as group CFO

Abu Dhabi (Reuters) - Abu Dhabi's Etihad Airways said on Tuesday it appointed former JetBlue executive Mark Powers as its new group chief financial officer.