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Ministers positive on OPEC, non-OPEC oil output cuts

Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. Kuwaiti oil minister Essam Al-Marzouq, who chairs the five-member compliance committee, said it would examine how to

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Ministers positive on OPEC, non-OPEC oil output cuts

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Panasonic to invest over $256 million in Tesla’s U.S. plant for solar cells

Panasonic Corp will invest more than 30 billion yen ($256 million) in a New York production facility of Elon Musk's Tesla Motors to make photovoltaic (PV) cells and modules, deepening a partnership of the two companies. Tesla's shares

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Panasonic to invest over $256 million in Tesla’s U.S. plant for solar cells

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Amazon calls 2016 holiday season its best ever; shares rise

(Reuters) – Amazon.com Inc said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade. The Amazon Echo home assistant and its smaller version, Echo Dot, topped the best-sellers list, said Jeff Wilke, chief executive of Amazon's worldwide consumer division, in a press release. Sales of voice-controlled

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Amazon calls 2016 holiday season its best ever; shares rise

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U.S. consumers ebullient; home prices gain

House prices continued their steady recovery in October, although a spike in borrowing costs after Trump's Nov. 8 victory could present a headwind to sustained home value gains. The Conference Board said on Tuesday its Consumer Confidence Index rose to 113.7 this month from an upwardly revised 109.4 in November. The gain in confidence was entirely due to

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U.S. consumers ebullient; home prices gain

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Last-minute spending surge lifts U.S. holiday shopping season

A jump in consumer spending in the final stretch of December significantly offset a slow start to the U.S. holiday shopping season, and is likely to help many retailers beat sales forecasts, industry research groups said on Tuesday. Spending over the Thanksgiving weekend in November fell 3.5 percent from a year ago despite…

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Last-minute spending surge lifts U.S. holiday shopping season

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Delta to cancel order for 18 Boeing 787 Dreamliner aircraft

Delta, in its statement, did not disclose specific terms of the agreement. Delta declined to comment beyond its statement. The cancellation comes as Delta and other top U.S. airlines seek to slow flight capacity growth and in some instances shrink existing service in response to falling airfares.

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Delta to cancel order for 18 Boeing 787 Dreamliner aircraft

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Siemens to buy CD-adapco for close to $1 billion: source

Siemens AG , Europe's biggest industrial group, has agreed to buy CD-adapco, a privately held U.S. engineering software firm, for close to $1 billion in cash, according to a person familiar with the matter. Siemens's deal with CD-adapco could be announced as early

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Siemens to buy CD-adapco for close to $1 billion: source