Financial News Round-Up

Round-Up of Financial News

Author:: Edward Hardy
Publish date:: Jul 7, 2017 4:36 AM EDT

Here is your round-up of the financial news from around the world:

1. European stocks drifted lower again Friday as the ongoing rout in global sovereign debt continues to pressure markets around the world ahead of what could be a pivotal employment report from the United States later in the session.

2. Samsung Electronics (SSNLF) said Friday that it expects to see record quarterly profits as rising demand for its memory chips and flagship Galaxy S8 boosts its bottom line amid its battle with Apple Inc. for global smartphone dominance.

3. Berkshire Hathaway Energy, a division of Warren Buffett's Berkshire Hathaway Inc., (BRK.A) - Get Report (BRK.B) - Get Report , confirmed Friday that it will purchase Oncor Electric Delivery Co. LLC in a deal that values the bankrupt unit's equity at $11.25 billion.

4. Wall Street is currently prices for a modest rebound, according to U.S. equity futures, with the Dow Jones Industrial Average set to gain around 10 points at the opening bell.