Friday 22 September 2017

Reuters Before the Bell: Time Inc in talks to sell assets; warns on third-quarter ad revenue softness

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Friday, September 22, 2017
Time Inc in talks to sell assets; warns on third-quarter ad revenue softness
(Reuters) - Time Inc said on Friday it was looking to sell several assets, including Time Inc UK, and warned it experienced more-than-anticipated softness in both print and advertising revenue during the current quarter.
Bentley Motors' CEO to step down: Manager Magazin
BERLIN (Reuters) - Luxury British carmaker Bentley Motors' chief executive Wolfgang Duerheimer is to be replaced by Adrian Hallmark, currently head of strategy at British rival Jaguar Land Rover , Germany's Manager Magazin said on Friday.
Exclusive: T-Mobile, Sprint close to agreeing deal terms - sources
(Reuters) - T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with peer Sprint Corp , people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.
Air Berlin to hold carve-up talks with Lufthansa, easyJet
FRANKFURT (Reuters) - Air Berlin's creditors have picked German flagship carrier Lufthansa and Britain's easyJet as possible buyers for the insolvent carrier's aviation business and will negotiate with them for the next three weeks.
Air Berlin unit Niki says court rejects insolvency petition
BERLIN (Reuters) - Air Berlin's Austria-based unit Niki said a court has rejected an insolvency petition brought against it by an Austrian tour operator, adding that its flight operations are continuing.
Flood, fix and flip: Houston housing investors see profit in Harvey's wake
HOUSTON (Reuters) - Addressing a real estate conference in flood-ravaged Houston this month, longtime investor Ray Sasser detailed his strategy: buy up to 50 flooded homes at deep discounts, then fix and flip them for a hefty profit.
JPMorgan picks Warsaw for new operations center: Polish deputy PM
WARSAW (Reuters) - U.S. bank JPMorgan Chase has chosen Warsaw to host a new global operations center that will employ several thousand people over the next couple of years, Polish Deputy Prime Minister Mateusz Morawiecki said on Friday.
Futures slightly lower as U.S.-North Korea tensions escalate
(Reuters) - U.S. stock index futures were slightly lower on Friday after tensions between North Korea and the United States escalated again, pushing investors to safe-haven assets.
Wal-Mart tests delivering groceries straight to fridge
(Reuters) - Wal-Mart Stores Inc said on Friday it was testing a service in the Silicon Valley to deliver groceries straight to customers' refrigerators as it looks to gain an edge over Amazon.com.
Uber stripped of London license
LONDON (Reuters) - London stripped Uber [UBER.UL] on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world's biggest cities.
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