julia-edwards

Saudi oil minister to face rival U.S. producers as price rout bites

This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers struggling …

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Saudi oil minister to face rival U.S. producers as price rout bites

julia-edwards

Volvo Cars recalls 59,000 cars over software fault

“We have no information that this has led to any accidents,” Volvo Car Group spokesman Stefan Elfstrom said. Elfstrom said owners of 2016 model 60 and 70 series cars were being told to take their vehicles to dealers to get the software fault corrected. The Gothenburg-based company was bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010.

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Volvo Cars recalls 59,000 cars over software fault

julia-edwards

Yahoo launches auction process as Starboard gears up for fight

Yahoo shares jumped after the company announced its board has formed a committee of independent directors to explore strategic alternatives, and that it has hired investment banks and a law firm to run the process. The launch of the auction process, a move activist hedge fund Starboard Value and other shareholders have pushed since late last year, showed the company was moving another step closer …

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Yahoo launches auction process as Starboard gears up for fight

julia-edwards

U.S., Apple ratchet up rhetoric in fight over encryption

By Dustin Volz and Julia Edwards WASHINGTON (Reuters) – The U.S. Department of Justice filed a motion on Friday seeking to compel Apple Inc to comply with a judge's order to unlock the encrypted iPhone belonging to one of the San Bernardino shooters, portraying the tech giant's refusal as a “marketing strategy.” In response, a senior Apple executive, speaking with reporters on condition of anonymity, characterized the Justice Department&#…

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U.S., Apple ratchet up rhetoric in fight over encryption

julia-edwards

Firming U.S. inflation keeps Fed rate hike on the table

By Lucia Mutikani WASHINGTON (Reuters) – Rising rents and healthcare costs lifted underlying U.S. consumer price inflation in January by the most in nearly 4-1/2 years, providing support for the view that the…

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Firming U.S. inflation keeps Fed rate hike on the table

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U.S. ramps up Apple offensive with new filing in iPhone unlocking case

By Dustin Volz and Julia Edwards WASHINGTON/LOS ANGELES (Reuters) – The U.S. Department of Justice filed a motion seeking to compel Apple Inc to comply with a judge's order for the company to unlock the iPhone belonging to one of the San Bernardino shooters, portraying the tech giant's refusal as a “marketing strategy.” The filing escalated a showdown between the Obama administration and Silicon Valley over security and privacy that ignited earlier this week. …

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U.S. ramps up Apple offensive with new filing in iPhone unlocking case