Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corp shareholders will vote Aug. 8 on the oil and gas producer’s planned $38 billion sale to Occidental Petroleum Corp – the biggest oil and gas deal of the year.
Mexico says trade deal dispute panel fix must be ‘across the board’
Mexico sees a push to close a dispute resolution loophole in the USMCA trade deal as a way to protect its interests as well as helping satisfy demands by U.S. Democrats that the deal contain stricter labor measures, a senior official said on Thursday.
Fed’s Powell affirms rate cut view; see U.S. economy humming
As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business…
A Ford-Volkswagen alliance with Argo could redraw self-driving sector
An expanded alliance between Ford Motor Co and Volkswagen AG that includes a partnership in Ford self-driving unit Argo AI could redraw the balance of power in autonomous vehicles.
Boeing reshuffles management of grounded 737: memo
Boeing Co has reassigned the head of its next airplane project to run the troubled 737 program, according to a memo seen by Reuters on Thursday, as the grounding of its 737 MAX in the wake of two accidents commands the U.S. planemaker’s full attention…
Colgate to buy skin care business of France’s Filorga for $1.69 billion
Colgate-Palmolive Co said on Thursday it would buy the skin care unit of France’s Laboratoires Filorga Cosmétiques for 1.50 billion euros ($1.69 billion), as the consumer goods company bolsters its personal care business.
World stocks rise as bond yields buoy financials; oil drops
A broad index of stocks around the world rose on Thursday as financial shares helped Wall Street’s benchmark index advance, while oil prices fell on a forecast for weaker demand.
Boeing 737 program manager to retire amid crisis over jet’s grounding: memo
Boeing’s 737 jet program manager, Eric Lindblad, will retire in a matter of weeks after roughly 12 months on the job, according to a company memo seen by Reuters on Thursday.
S&P 500, Dow climb as health insurers, financials gain
The Dow and S&P 500 rose on Thursday to close at record highs as health insurers gained after the Trump administration scrapped a plan designed to rein in prescription drug prices, while financial shares climbed with bond yields.
Bostic: Fed’s focus is its mandates not market pricing for rate cuts
Strong market expectations of an upcoming Fed rate increase are not a reason for the central bank to make a policy move given a U.S. economy that continues to perform well, Atlanta Federal Reserve President Raphael Bostic said on Thursday.
