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Venezuela’s Maduro says oil producers close to output cap deal

BAKU/DUBAI (Reuters) – Venezuelan President Nicolas Maduro was quoted on Saturday as saying that OPEC and non-OPEC nations were “very close” to an agreement on oil production curbs, Azerbaijan's state news agency Azertag reported

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Venezuela’s Maduro says oil producers close to output cap deal

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Oil prices hit eleven-year low as global supply balloons

By Catherine Ngai NEW YORK (Reuters) – Brent crude oil prices hit their lowest in more than 11 years on Monday, while U.S. crude flirted with seven-year lows on more signs that swelling global supply looked set to outpace tepid demand again next year. Global oil production is running close to record highs and, with more barrels poised to enter the market

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Oil prices hit eleven-year low as global supply balloons

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BMW hit with $40 million U.S. penalty for safety lapses

U.S. auto safety regulators on Monday fined BMW $10 million, part of a $40 million civil settlement over the German automaker's safety lapses. The fine is the second paid by BMW since 2012 and…

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BMW hit with $40 million U.S. penalty for safety lapses

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Ericsson signs patent deal with Apple, shares soar

Swedish mobile telecom gear maker Ericsson said it had signed a patent license deal with Apple Inc over technology that helps smartphones and tablets connect to mobile networks, sending its shares up much as 8 percent. The deal ends a year-long dispute with Apple, one of the biggest legal battles in mobile technology and Ericson said…

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Ericsson signs patent deal with Apple, shares soar