Reuters - Before the Bell

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Friday, June 23, 2017

Toshiba willing to talk with spurned Western Digital about chip unit sale

TOKYO (Reuters) - Toshiba Corp said it was open to talks with Western Digital Corp in their dispute over the sale of the Japanese conglomerate's prized chip unit - an apparent olive branch after it chose another suitor as preferred bidder.

Stock futures little changed as oil prices edge up

(Reuters) - U.S. stock index futures were little changed on Friday as oil prices edged up and ahead of economic data and speeches by Federal Reserve policymakers.

Accenture unloads $1.6 billion in pension liabilities to AIG, MassMutual

(Reuters) - Consulting and outsourcing services provider Accenture Plc said on Friday it would transfer $1.6 billion in pension obligations to insurers American International Group Inc and MassMutual.

Oil slide muddies inflation outlook, weighs on stocks

LONDON (Reuters) - World stocks struggled to hold onto earlier gains on Friday and were poised for a flat end to the week following another wobble in energy shares, while a tentative bounce in oil prices helped commodity-related currencies gain against the dollar.

China's ICBC says checks of loans to big acquirers are routine

BEIJING (Reuters) - Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended to a handful of highly acquisitive firms.

Toshiba says open to talks with Western Digital over chip unit sale

Ford recalls 15,600 cars in South Africa over fire risk

JOHANNESBURG (Reuters) - Ford Motor Co is recalling nearly 16,000 Ikon and Figo models in South Africa due to a potential fire risk, it said on Friday.

VW waives appeal against German dieselgate compensation cases

BERLIN (Reuters) - German carmaker Volkswagen has agreed to buy back diesel cars equipped with illicit emissions control software after deciding not to appeal a German court ruling backing plaintiffs' calls for compensation.

Toshiba estimates bigger loss for past year on Westinghouse, lawsuits

TOKYO (Reuters) - Toshiba Corp said on Friday it now estimates a bigger loss for the past year ended in March due to potential legal damages over a $1.3 billion accounting scandal as well as an increase in liabilities at its now-bankrupt U.S. nuclear unit.

Elbit Systems says innovation key to crowded drone market

PARIS (Reuters) - Israeli defense electronics company Elbit Systems Ltd , is moving quickly to innovate and maintain its edge in a global market in which it faces increasing competition from China, France, Turkey and others.