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Trump faces dilemma as U.S. oil reels from record biofuels targets
By Chris Prentice NEW YORK (Reuters) – The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over… Here is the original: Trump faces dilemma as U.S. oil reels from record biofuels targets Read More →
Unions, gig-economy firms gear up for New York benefits battle
Faced with a barrage of lawsuits from workers demanding benefits and recognition as employees, some companies in the fast-growing 'gig economy' are looking to settle the issues through legislation. Joseph Morelle, the number two Democrat in the New York State… Read more from the original source: Unions, gig-economy firms gear up for New York benefits battle Read More →
U.S. crowds pick up slightly on Black Friday, online sales jump
U.S. online sales surged on Black Friday, with Amazon.com Inc offering the steepest discounts among e-commerce sites as it set the agenda for what has traditionally been the biggest shopping day of the year for brick-and-mortar retailers. In-store shopping began to pick up in the afternoon, but the increase in customer traffic paled in comparison to the jump in online sales, analysts said. The National... [Read more]
GoDaddy in exclusive talks to buy Host Europe: sources
U.S. website domain name provider GoDaddy is in exclusive talks to buy peer Host Europe Group (HEG) as it seeks to expand in higher-margin businesses beyond the initial set-up of websites, people close to the matter said. Arizona-based GoDaddy, the world's largest website address registrar, has branched into hosting websites itself for small businesses and consumers. A purchase of HEG would help... [Read more]
Wells Fargo asks U.S. court to dismiss account scandal lawsuit
Wells Fargo & Co has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal documents. The motion, filed in the U.S. District Court in Utah on Wednesday, is in response to the first class action lawsuit filed… Original post: Wells Fargo asks... [Read more]
Federal Reserve finalizes lower dividend for member banks
The U.S. Federal Reserve finalized a reduction of its dividend payments on Wednesday, carrying out a measure Congress passed last year to help pay for the country's roads and bridges. The transportation bill approved in December lowered the rate for dividends the Federal Reserve pays its member banks. More here: Federal Reserve finalizes lower dividend for member banks Read More →
As Trump disses TPP, China says to ‘play role’ in Asia-Pacific integration
China will “play its role” in promoting economic integration in the Asia-Pacific, the foreign ministry said on Wednesday, after U.S. President-elect Donald Trump said he would kill an ambitious regional trade pact. Trump's statement appeared to open the way for China to assume the United States' leadership mantle on trade and diplomacy in Asia. Here is the original: As Trump... [Read more]
Oil prices rise in anticipation of planned OPEC-led production cut
Oil prices rose to their highest level since October on Tuesday as the market priced in a potential output cut led by producer cartel OPEC, although analysts warned that a failure to agree a cut could lead to a ballooning supply overhang by early 2017. U.S. West Texas Intermediate (WTI) crude futures were up 44 cents, or 0.9 percent, at $48.68 a barrel. The Organization of the Petroleum Exporting... [Read more]
Can Trump make coal great again? At least some companies think so
By Timothy Gardner WASHINGTON (Reuters) – Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. “This is the best news that Appalachia as a whole has had in about 10 years,” said Jason Bostic… Read more here: Can Trump make coal great again? At least... [Read more]
SEC approves ‘Hubble Telescope’ for securities markets
The U.S. Securities and Exchange Commission voted on Tuesday to approve a massive stock and options trading database, prompted by the 2010 “flash crash,” aimed at helping regulators police the increasingly fast, fragmented and complex markets. The creation of a Consolidated Audit Trail establishes a regulatory central database for every trade order, execution, modification and cancellation,... [Read more]