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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

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Bank of Israel buying ‘hundreds of millions’ of dollars: sources

The Bank of Israel bought “hundreds of millions” of dollars of foreign currency on Monday, dealers said, after the shekel continued to strengthen for a fifth straight session. Its move came after financial newspaper TheMarker reported that the bank's intervention policy had come under fire by Prime Minister Benjamin Netanyahu's chief economics advisor, Avi Simhon, who was quoted as saying that intervention was tantamount to a protective tariff that raises prices for consumers by deterring import competition. The Bank of Israel has been …

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Bank of Israel buying ‘hundreds of millions’ of dollars: sources

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Global investment banks have slowest first half since 2012

By Anjuli Davies LONDON (Reuters) – Global investment banking fees fell by nearly a quarter in the first half of 2016 from a year earlier as market volatility hit capital markets and M&A deal making, Thomson Reuters data published on Monday showed. Global fees for services ranging from merger and acquisitions advisory services to…

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Global investment banks have slowest first half since 2012

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VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe

Volkswagen's CEO has rejected calls for the carmaker to compensate customers in Europe over the 'Dieselgate' emissions scandal along the lines of its $15 billion deal in the United States, telling a German newspaper a similar settlement would be inappropriate and unaffordable. Europe's Industry Commissioner Elzbieta Bienkowska last week called on Volkswagen to also compensate European owners of its diesel-powered cars, saying it would be unfair for them to be treated differently from U.S. customers just because of a different legal system. “We have a…

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VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe

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Volkswagen brand chief says no plans to step down despite investigation

Volkswagen's brand chief, Herbert Diess, is not planning to resign even though he is the subject of investigation by public prosecutors, he told a German newspaper. “It's not up for debate,” Diess told Sueddeutsche Zeitung in an interview published on Monday, when asked if he had thought about stepping down as a result of the probe. Volkswagen's reputation will take 12-18 months to recover from

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Volkswagen brand chief says no plans to step down despite investigation

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Oil climbs as market seen in balance, but slow demand weighs

By Ahmad Ghaddar LONDON (Reuters) – Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. The energy minister of Saudi Arabia, the world's top crude exporter, and …

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Oil climbs as market seen in balance, but slow demand weighs

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Uber raises $3.5 billion from Saudi Arabia’s sovereign wealth fund

By Heather Somerville SAN FRANCISCO (Reuters) – Uber [UBER.UL] has raised $3.5 billion from Saudi Arabia's sovereign wealth fund, the U.S. ride-hailing service said on Wednesday, gaining a crucial partner in its expansion into the Middle East. The investment from the Saudi Arabian Public Investment Fund…

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Uber raises $3.5 billion from Saudi Arabia’s sovereign wealth fund

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Cartel or talking shop? OPEC awaits Saudi ruling

DUBAI/LONDON (Reuters) – For those seeking guidance on Saudi Arabia's thinking regarding the future of OPEC, the last few weeks' agenda of the new Saudi energy minister, Khalid al-Falih, might offer a few clues. Unlike his predecessor Ali al-Naimi, Falih may not have much time for OPEC. For oil-price hawks such

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Cartel or talking shop? OPEC awaits Saudi ruling

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FCC confirms approval of Charter, Time Warner Cable merger

By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission confirmed on Friday that it had voted to approve Charter Communications Inc's acquisitions of Time Warner Cable Inc and Bright House Networks. Tom Rutledge, president and chief executive of Charter, said in a statement Friday that the transactions have

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FCC confirms approval of Charter, Time Warner Cable merger

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