Reuters Insider - U.S. Morning Call: M&A, Apple and Jobs

Safi Silver

04/03/2016 13:39

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 Source:             Thomson Reuters                                   
                                                                       
 Description:        M&A deals in the luggage and entertainment space, 
                     plus Apple's encryption battle is likely to       
                     dominate. Plus, the keenly watched U.S. jobs      
                     report may move markets.                          
 
 
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Transcript (May be auto-generated)

                 Good morning. The world's biggest luggage group has just gotten bigger. 
Samsonite International will swallow up Tumi in an all-cash deal valuing Tumi at
close to $2 billion. Investors seem to love the deal sending Samsonite's shares 
up to their highest level since October. The deal's puts a 38% premium on Tumi's
share price - many analysts say the move makes sense, giving Samsonite a 
stronger grip on the luxury end of the suitcase market. Staying with M&A. AMC 
Entertainment will buy Carmike Theatres in a deal valued at just over $1 
billion. This will create the 

largest theater chain in the United States. Hewlett-Packard Enterprise is 
soaring 6% after quarterly sales and profit beat the street. This is the 
business that houses HP's hardware and services division. In the Apple FBI 
encryption fight, dozens of tech companies have filed legal briefs backing 
Apple's battle with the US government. Among them Google, Facebook and 
Microsoft. The FBI wants Apple to create software to unlock an iPhone used in an
alleged terrorist attack in San Bernardino, California last year. Apple doesn't 
want to - because it would set a dangerous 

precedent and threaten customer security. Google is speeding up development of 
its self-driving cars. The tech company is growing and hiring more people from 
the auto industry to work on the vehicles. Google is also in talks with the US 
government about how to make sure they're safe to drive. Let's crossover to the 
broader markets now. We're seeing very little change in US stock futures 
pointing to the Dow, S&P and NASDAQ opening in neutral territory. And keep an 
eye out for those job numbers which will be released shortly. And that's today's
Morning Call. I'm Chitra Nawbatt and this is Reuters