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Oil slides as strong U.S. drilling activity weakens deal to cut output

By Karolin Schaps LONDON (Reuters) – Oil prices fell on Monday as news of another increase in U.S. drilling activity spread concern over rising oil output just as many of the world's oil producers are trying to comply with a deal to pump less in an attempt to prop up prices. The number of active U.S. oil rigs rose to the highest since November 2015 …

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Oil slides as strong U.S. drilling activity weakens deal to cut output

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U.S. mortgage activity edges up even as rates head higher

NEW YORK (Reuters) – U.S. mortgage application activity rebounded from its lowest level since January despite interest rates on 30-year fixed-rate home loans hitting their highest levels in over 2-1/2 years, Mortgage Bankers Association data released on Wednesday showed.

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U.S. mortgage activity edges up even as rates head higher

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SoftBank’s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms

Two of Asia's biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home. Billionaire businessman Masayoshi Son, also the head of Japan's SoftBank Group Corp , pledged a $50 billion investment in the

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SoftBank’s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms

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OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges

LONDON/NEW YORK (Reuters) – As far as one of the world’s biggest commodities traders, Glencore’s chief Ivan Glasenberg, is concerned, the oil market will be at the mercy of “a cat and mouse game” between OPEC and its U.S. shale rivals in the coming year. A 16 percent price rally over the past week has delivered U.S. frackers a golden opportunity to hedge – or sell forward – their production for 2017 and beyond, to shore up their coffers against …

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OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges

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Monte dei Paschi woes add up to large fees for investment banks

By Pamela Barbaglia and Anjuli Davies LONDON (Reuters) – Italy's troubled lenders are offering lucrative opportunities for investment banks, with Monte dei Paschi di Siena set to pay some of the highest fees in Europe this year to arrange its high stakes rescue plan. The emergency …

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Monte dei Paschi woes add up to large fees for investment banks

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Tesla crash raises concerns about autonomous vehicle regulation

The fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives and regulators to ensure that automated driving technology is deployed safely. Shares of Tesla and Mobileye NV, the maker of the camera vision system used in the Model S, rose on Friday as analysts said the accident was likely a short-term setback. On Friday, the U.S. National Highway …

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Tesla crash raises concerns about autonomous vehicle regulation

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Verizon’s bid for Yahoo’s web assets topped by others: source

(Reuters) – Verizon Communications Inc did not submit the highest offer this week in the second round of bidding for Yahoo Inc's core internet assets, according to a person familiar with the matter. No committed financing was required for second-round bids, and Yahoo will put together in the coming days a new shortlist of

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Verizon’s bid for Yahoo’s web assets topped by others: source

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Buffett’s Berkshire Hathaway avoids S&P rating downgrade

Standard & Poor's on Friday left its “AA” credit ratings for Warren Buffett's Berkshire Hathaway Inc alone, saying the company's growing diversification and “modest” financial risks meant a downgrade was not necessary. Berkshire had been put on review for a possible downgrade on Aug. 11, on concern about Buffett's decision to deploy a large amount of cash toward last month's $32 billion acquisition of industrial parts maker Precision Castparts Corp. But S&P analyst Laline Carvalho said Berkshire's “consistently strong” operating profitability and “exceptional”…

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Buffett’s Berkshire Hathaway avoids S&P rating downgrade

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U.S. new home sales rebound strongly in October

September's sales pace was revised down to 447,000 units from the previously reported 468,000 units. Economists polled by Reuters had forecast new home sales, which account for about 8 percent of the housing market, rebounding to a rate of 500,000 units.

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U.S. new home sales rebound strongly in October

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GM, law firm can keep ignition switch documents secret: U.S. judge

By Jonathan Stempel NEW YORK (Reuters) – General Motors Co and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in…

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GM, law firm can keep ignition switch documents secret: U.S. judge

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