Reuters Before the Bell: March 22, 2017

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Sears warns of 'going concern' doubts (Reuters) - Sears Holdings Corp , once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales. Dutch prosecutors investigate ING's role in Uzbekistan case AMSTERDAM (Reuters) - ING is facing a criminal investigation by Dutch prosecutors into its role in money laundering and corruption in Uzbekistan that could result in significant fines, a spokeswoman for the Dutch prosecutor's office said on Wednesday. Oil prices hit lowest since Nov on expanding U.S. inventories LONDON (Reuters) - Oil prices slipped to almost four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. Akzo Nobel rejects improved bid from U.S. rival PPG AMSTERDAM (Reuters) - Dutch paints and coatings maker Akzo Nobel rejected an improved 22.4 billion euro ($24.1 billion) takeover proposal from PPG Industries on Wednesday, but faced investor pressure to start talks with its U.S. rival Chinese supermarkets pull Brazil meat from shelves as food safety fears grow BEIJING (Reuters) - Some of China's largest food suppliers have pulled Brazilian beef and poultry from their shelves in the first concrete sign that a deepening scandal over Brazil's meat processing industry is hitting business in its top export market. Elliot Advisors urges Akzo Nobel to 'engage' with PPG, has built 3 percent stake AMSTERDAM (Reuters) - Investor Elliot Advisors Ltd on Wednesday said it was urging Akzo Nobel on behalf of itself and other shareholders to "engage" with U.S. rival PPG Industries on a possible takeover. Behind the scenes, bank lobbyists temper expectations for Dodd-Frank overhaul (Reuters) - Bank lobbyists who opened the Trump era with great expectations for sweeping regulatory reform are privately striking an increasingly dismal tone as hopes for a quick and thorough rewrite of Dodd-Frank legislation dim. China's Sinopec buys first major African refinery in Chevron deal BEIJING (Reuters) - China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent. UK lawmakers demand more answers from VW over diesel scandal LONDON (Reuters) - British lawmakers have written to Volkswagen seeking more answers from the German carmaker over the diesel emissions scandal, after criticizing the firm for failing to adequately respond to their queries so far. Top British bosses earn nearly 400 times more than minimum wage LONDON (Reuters) - The heads of Britain's top 100 listed companies earn on average almost 400 times more than a worker on the minimum wage, according to analysis that will add fuel to the fire of a debate about inequality in the country.