Oil markets stable on expected extension of output cuts Oil markets stable on expected extension of output cuts: Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended. Brent crude oil […]
As China home prices cool some property companies seek to reduce risks As China home prices cool some property companies seek to reduce risks: They are reducing balance sheet leverage, buying land through joint ventures with other property companies to reduce risk, or diversifying into other businesses. Their concern is […]
GE Board did not know about CEOs extra plane GE Board did not know about CEOs extra plane: General Electric Co (GE.N) executives did not tell the multinational conglomerate’s board until October about a spare business jet that routinely flew for its now-retired chief executive, the Wall Street Journal reported […]
Dollar edges away from highs Spain crisis pressures euro Dollar edges away from highs Spain crisis pressures euro: The dollar index, which tracks the greenback against a basket of six major rivals, dipped 0.2 percent to 94.775 but remained not far from Friday’s three-month high of 95.150. The euro inched […]
Japans retail sales show strength in consumer spending Japans retail sales show strength in consumer spending: The 2.2 percent annual increase in retail sales in September was less than the median estimate for a 2.5 percent annual increase and follows a revised 1.8 percent annual increase in August. Strong consumer […]
CVS bid for Aetna A $66 billion bet on cutting drug costs CVS bid for Aetna A $66 billion bet on cutting drug costs: The move is the most expensive effort to date that would enable a national health insurer to take back full control of prescription medicines for their […]
Targets new changes could boost stock Barrons Targets new changes could boost stock Barrons: The Minneapolis-based discount chain has been making strides to better compete with Amazon.com Inc (AMZN.O), boosting online sales to 4.4 percent of revenue in the latest fiscal year, up from 2.8 percent in fiscal 2016, Barron’s […]
After CSeries deal Bombardier aero unit faces uncertain future After CSeries deal Bombardier aero unit faces uncertain future: Bombardier Inc (BBDb.TO) secured the future of its struggling CSeries jet but still needs to find ways to spur growth in other units that have aging products or face larger rivals, industry […]
Oil up 2 percent Brent hits $60 per barrel on support for extending curbs Oil up 2 percent Brent hits $60 per barrel on support for extending curbs: Saudi Arabia and Russia declared their support for extending an OPEC-led deal to cut supplies for another nine months, the Organization of […]
Exxon Chevron results linked to oil price not cost cuts Exxon Chevron results linked to oil price not cost cuts: Despite deep capital spending cuts and a refocusing on projects that can generate faster paybacks in recent years, the results on Friday showed the pair, neither of whom hedge oil […]
