U.S. Midwest oil refiners boost output U.S. Midwest oil refiners boost output cut region’s dependence on Gulf Coast: Since the early 2000s, crude and fuel flows from the Gulf Coast into the U.S. heartland have been cut in half, as crude coming from Canada and North Dakota has pushed U.S. […]
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Airbus turmoil overshadows bid to rescue CSeries Airbus turmoil overshadows bid to rescue CSeries: The European planemaker secured the deal for Bombardier’s (BBDb.TO) CSeries program by pledging to throw its marketing might behind the loss-making jets, just as the Airbus sales machine reels from falling sales and internal and external […]
Henkel may make U.S. acquisitions Henkel may make U.S. acquisitions: CEO in newspaper: “If there are opportunities for acquisitions, we will take a look at whether they are a good fit in terms of strategy and price. In the United States we are for instance not yet a leading seller […]
Dow pierces 23,000 but ends below milestone Dow pierces 23,000 but ends below milestone: The blue-chip index, which surpassed similar 1,000-point marks three times previously this year, has been steadily inching higher and is up 2.6 percent so far this month, putting it on track for a seventh straight monthly […]
Oil elevated as Iraq tensions escalate Asian shares hold firm Oil elevated as Iraq tensions escalate Asian shares hold firm: Short-term U.S. bond yields and interest rates jumped after a report U.S. President Donald Trump favored Stanford economist John Taylor to head the Federal Reserve. Japan’s Nikkei .N225 rose 0.4 […]
Midnight in Toulouse How CSeries deal shook status quo Midnight in Toulouse How CSeries deal shook status quo: The nocturnal gymnastics by Europe’s largest aerospace group stunned the aircraft industry which had been riveted for weeks by a trade dispute between Boeing and Bombardier that threatened to hit the CSeries […]
T-Mobile Sprint aim to announce merger without asset divestitures T-Mobile Sprint aim to announce merger without asset divestitures: T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost […]
Goldman creates ‘brain trust’ in effort to boost deals business Goldman creates ‘brain trust’ in effort to boost deals business: Goldman Sachs Group Inc (GS.N) is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots […]
Oil slips despite expected OPEC extension of output cuts Oil prices slipped on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production. Brent crude oil was down 20 cents at $56.74 a barrel by 0840 GMT. U.S. light crude was 35 cents lower at $50.95. Both […]
Facebook to sell portable headset for virtual reality Facebook to sell portable headset for virtual reality: SAN JOSE, Calif. (Reuters) – Facebook Inc (FB.O) is launching a new virtual reality headset that does not require a separate computer to operate, allowing more mobile uses than the company’s existing Oculus Rift […]
