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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…

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Trump faces dilemma as U.S. oil reels from record biofuels targets

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…

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Unions, gig-economy firms gear up for New York benefits battle

Oil prices gyrate as OPEC heavyweights head to Vienna

By Libby George LONDON (Reuters) – Oil prices gained more than one percent on Monday in volatile trading after falling as much as 2 percent, recouping the losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday. U.S. West Texas Intermediate (WTI) crude futures also …

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Oil prices gyrate as OPEC heavyweights head to Vienna

Samsung to unveil shareholder return plans amid calls to split company

By Se Young Lee SEOUL (Reuters) – Samsung Electronics Co Ltd said it will disclose plans to boost shareholder value on Tuesday – a move that comes amid pressure from U.S. fund Elliott Management to split the company in two and provide more in payouts. The U.S. activist hedge fund, which owns 0.6 percent of Samsung, called on the South Korean tech giant in October to divide itself into a holding vehicle for ownership purposes and an …

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Samsung to unveil shareholder return plans amid calls to split company

OPEC makes last-ditch bid to save oil deal as tensions grow

OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. OPEC experts started a meeting in Vienna at 0900 GMT (4:00 a.m. ET) and were due to make recommendations to their ministers on how exactly…

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OPEC makes last-ditch bid to save oil deal as tensions grow

Lufthansa cancels 35 flights on Sunday

Germany's biggest airline Lufthansa has canceled 35 flights on Sunday as the fallout from a four-day strike by pilots over pay spilled into a fifth day. “Almost all LH (Lufthansa) flights will operate according to schedule tomorrow. A spokesman also denied an unsourced report in Frankfurter Allgemeine Zeitung that said the airline had considered going insolvent to rid itself of the costly labor

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Lufthansa cancels 35 flights on Sunday

Siemens is well placed to adapt business in U.S.: CEO

German trains-to-turbines group Siemens is well placed to do business in the United States, regardless of whether President-elect Donald Trump backs fossil-fuels at the expense of renewable energy, its CEO told a newspaper. Steam power plants that are powered by coal, state-of-the-art gas-fired power plants, wind energy, we can build solar parks and the necessary link to the power grid,” Joe Kaeser …

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Siemens is well placed to adapt business in U.S.: CEO

Saudi wants OPEC to solve own problems before meeting non-OPEC

DUBAI/LONDON (Reuters) – Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organization first. The Nov. 28 meeting

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Saudi wants OPEC to solve own problems before meeting non-OPEC

Johnson & Johnson approaches Actelion about takeover deal

By Paul Arnold and Ludwig Burger ZURICH/FRANKFURT (Reuters) – U.S. healthcare company Johnson & Johnson said on Friday it was in preliminary talks with Actelion about a potential takeover of Europe's largest biotech

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Johnson & Johnson approaches Actelion about takeover deal

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 Retail Federation has said it expects total…

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U.S. crowds pick up slightly on Black Friday, online sales jump

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