Tuesday 20 June 2017

Reuters Business Today: June 20, 2017

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Tuesday, June 20, 2017
Stock futures slightly higher as tech sector recovery continues
(Reuters) - U.S. stock index futures were slightly higher on Tuesday as technology stocks continued to recover from their steep selloff last week.
Boeing lifts 20-year industry demand forecast to $6 trillion
PARIS (Reuters) - Boeing raised its 20-year industry forecast for passenger and freight plane deliveries by 4 percent on Tuesday, though executives at the world's biggest airshow in Paris expect demand this year to cool from recent red-hot levels.
Oil prices hit seven-month lows on global oversupply
LONDON (Reuters) - Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a trend that has undermined attempts by OPEC and others to support the market through reduced output.
Whole Foods CEO hints at another brand under Amazon
(Reuters) - After Amazon.com Inc completes its takeover of high-end grocer Whole Foods Market Inc , it might launch another brand with different standards, the grocery chain's chief executive said in remarks reported in a securities filing on Monday.
Pamplona Capital to take Parexel private for $4.5 billion
(Reuters) - U.S. pharmaceutical research services provider Parexel International Corp said on Tuesday it would be taken private by Pamplona Capital Management LLP in a $4.5 billion deal.
Apple tells court Qualcomm chip licenses are invalid
(Reuters) - Apple Inc broadened a legal attack on Qualcomm Inc, arguing to a U.S. federal court that license agreements that secure the chip maker a cut of every iPhone manufactured were invalid.
U.S. current account deficit widens to 2.5 percent of GDP
WASHINGTON, June 20 (Reuters) - The U.S. current account deficit widened slightly in the first quarter, as the country imported more crude oil, car parts and supplies for its factories.
Germany to focus on free, fair trade at G20 summit: Merkel
BERLIN (Reuters) - Germany wants to make progress in its presidency of the Group of 20 leading economies on improving free and fair trade and will try to get broad agreement on open markets at next month's leaders' summit, Chancellor Angela Merkel said on Tuesday.
Ford to export next Focus from China to U.S. in 2019: executive
DETROIT (Reuters) - Ford Motor Co will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, the company said on Tuesday.
Tesla driver in fatal 'Autopilot' crash got numerous warnings: U.S. government
WASHINGTON (Reuters) - A man killed in a crash last year while using the semi-autonomous driving system on his Tesla Model S sedan kept his hands off the wheel for extended periods of time despite repeated automated warnings not to do so, a U.S. government report said on Monday
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