ahmad-ghaddar

Ford takes Fiesta upmarket to lift profitability

Ford wants to raise profitability in Europe by adding higher-margin versions of the Fiesta subcompact, its best-selling regional model, the carmaker's top European executive said. High-volume carmakers such as Ford have for several years been squeezed in a downmarket expansion by luxury rivals including Daimler'…

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Ford takes Fiesta upmarket to lift profitability

ahmad-ghaddar

Exclusive: Albertsons in advanced talks to buy Price Chopper – sources

U.S. supermarket chain Albertsons Companies Inc is in advanced talks to acquire closely held grocery store operator Price Chopper for around $1 billion, people familiar with the matter said on Tuesday. A deal would underscore the wave of consolidation sweeping the U.S. grocery industry, as regional chains struggle to compete against online retailers such as Amazon.com Inc , big box stores such as Wal-Mart Stores Inc , and discount chains such …

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Exclusive: Albertsons in advanced talks to buy Price Chopper – sources

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Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

By Ahmad Ghaddar and Vladimir Soldatkin VIENNA (Reuters) – Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a deal to limit output and boost the price of crude when it meets on Wednesday. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC's de facto leader, Saudi Arabia, and the group's second- and third-largest producers over the mechanics of output …

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Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

ahmad-ghaddar

Oil pares gains after Saudi, Russia sign pact

By Ahmad Ghaddar LONDON (Reuters) – Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate on stabilizing the oil market, including limiting output. Saudi Arabia and Russia said on the sidelines of the G20 summit in China that they signed an agreement to set up a task force to review oil market fundamentals and to recommend measures and actions that will secure…

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Oil pares gains after Saudi, Russia sign pact