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Ministers positive on OPEC, non-OPEC oil output cuts
Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. Kuwaiti oil minister Essam Al-Marzouq, who chairs the five-member compliance committee, said it would examine how to Original post: Ministers positive on OPEC, non-OPEC... [Read more]
Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract – sources
The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday. The F-35, the Pentagon's costliest arms program, has drawn fire from U.S. President-elect … View original post here: Exclusive: Pentagon,... [Read more]
U.S. jobless claims fall unexpectedly in latest week
The number of Americans filing initial claims for unemployment benefits fell unexpectedly last week back to near the lowest levels in decades. Initial claims for state unemployment benefits declined by 15,000 to a seasonally adjusted 234,000 for the week ended Jan. 14, the Labor Department said on Thursday. Economists polled Read more: U.S. jobless claims fall unexpectedly in latest week Read More →
BAT agrees to buy Reynolds for $49 billion
By Paul Sandle LONDON (Reuters) – British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc , creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion. BAT, which already owned 42 percent of Reynolds, will pay $29.44 in cash and 0.5260 BAT shares for each Reynolds share, it said, a 26 percent premium... [Read more]
Oil ticks up on weaker dollar, U.S. production outlook caps gains
Oil prices edged higher on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 16 cents at $52.64 per barrel at 0214 GMT. Brent crude futures, the international benchmark for oil prices, were up 21 cents $55.68 a barrel. Here is the original... [Read more]
Emission probes could widen beyond Renault in France: Minister
A judicial investigation into diesel emissions testing in France could widen beyond Renault after tests showed other carmakers had exceeded the authorized levels, the French environment minister said on Sunday, without elaborating. Shares… Here is the original post: Emission probes could widen beyond Renault in France: Minister Read More →
Diesel cheating inquiries widen to Renault and Fiat
By Gilles Guillaume, Simon Carraud and Agnieszka Flak PARIS/MILAN (Reuters) – European carmakers were drawn into widening investigations into diesel emissions cheating on Friday, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler Automobiles NV. Volkswagen's admission that some of its diesel vehicles were fitted with devices which hid their... [Read more]
Amazon to pay C$1.1 million to settle Canada pricing case
The Canadian unit of Amazon.com will pay a C$1 million ($756,658.60) fine to settle an investigation into pricing activities on its website that gave an inaccurate view of how much consumers could save, Canada's competition watchdog said on … More: Amazon to pay C$1.1 million to settle Canada pricing case Read More →
Yahoo to be named Altaba, Mayer to leave board after Verizon deal
(Reuters) – Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. Yahoo has a deal to sell its core internet business, which includes its digital advertising, View original post here: Yahoo to be named Altaba, Mayer to leave board after Verizon deal Read More →
China’s WeChat seeks slice of Apple’s app store with ‘mini’ function
China's largest mobile social media network WeChat is offering its 768 million users a function which allows them to by-pass app stores such as Apple's . The launch of “Xiaochengxu”, which translates as “mini… Read the original post: China’s WeChat seeks slice of Apple’s app store with ‘mini’ function Read More →