Reuters - Before the Bell

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Friday, January 5, 2018

Stocks scale new record highs, dollar stuck

LONDON (Reuters) - World stocks scaled fresh record highs on Friday, while the dollar stuck near four-month lows before crucial payroll numbers that could underpin growing confidence in the world's biggest economy.

Constellation Brands' third-quarter profit jumps 21 percent

(Reuters) - Premium beer maker Constellation Brands Inc posted a 21 percent surge in profits for its third quarter, as retailers stocked more Corona Extra and Modelo Especial beers during Labor Day and Thanksgiving.

Stock futures climb in strong week for Wall Street

(Reuters) - Futures pointed to a higher open on Wall Street on Friday as U.S. stocks looked set to extend a new year rally that has pushed indexes to record levels on signs of robust growth across major economies.

Morgan Stanley to take $1.25 billion hit in the fourth quarter from the tax bill

(Reuters) - Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the U.S. tax code overhaul.

Oil retreats after hitting 2015 highs

SINGAPORE/LONDON (Reuters) - Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10 percent rally from December lows that were driven by tightening supply and political tensions in OPEC member Iran.

Apple, researchers eye patches to solve Intel chip flaws

FRANKFURT/BENGALURU (Reuters) - Security issues with Intel Corp microchips are only slowing computers slightly, technology companies said, as researchers played down the need for mass hardware replacements to protect millions of devices from hackers.

Apple to issue fix for iPhones, Macs at risk from 'Spectre' chip flaw

SAN FRANCISCO (Reuters) - Apple Inc will release a patch for the Safari web browser on its iPhones, iPads and Macs within days, it said on Thursday, after major chipmakers disclosed flaws that leave nearly every modern computing device vulnerable to hackers.

Intel says performance impact of security updates not significant

(Reuters) - Intel Corp said fixes for security issues in its microchips would not slow down computers, rebuffing concerns that the flaws found in microprocessors would significantly reduce performance.

Exclusive: Renault-Nissan sets up $200 million fund to tap startups: sources

PARIS (Reuters) - The Renault-Nissan-Mitsubishi alliance is pooling $200 million in a new mobility tech fund, three sources said, in the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture capital arms.

China's CDB withdraws insolvency petition against India's RCom

MUMBAI (Reuters) - China Development Bank (CDB), the biggest foreign lender to India's Reliance Communications Ltd (RCom) , on Friday withdrew a petition seeking to drag the indebted telecoms carrier into insolvency.