Oil prices fall on surging U.S. crude supply, economic slowdown
Oil prices fell on Thursday, pressured as U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production and as economic concerns cast doubt over growth in demand for fuel.
Volkswagen eyes big stake in China partner JAC, taps Goldman: sources
Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said.
Growth woes douse rally in Asian shares, dollar slips
Asian stocks stepped back from near eight-month highs on Thursday and the dollar eased as European and U.S. central banks reinforced investor worries about the global economic outlook and trade protectionism.
Oil prices dip on surging U.S. crude stockpiles
Oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production.
Asian shares pause near eight-month high, dollar weakens
Asian stocks held near eight-month highs on Thursday and the dollar slipped again on expectations global interest rates will stay lower for longer after a dovish turn by the European Central Bank and milder than expected U.S. inflation.
Amazon buys warehouse robotics startup Canvas Technology
Amazon.com Inc on Wednesday said it had acquired Canvas Technology, a robotics startup in Boulder, Colorado, that has built autonomous carts that can move goods around warehouses.
PG&E in talks with BlueMountain to possibly expand board: sources
California utility owner PG&E Corp is exploring expanding its board as it navigates bankruptcy proceedings in an effort to potentially settle an ongoing battle with shareholder BlueMountain Capital Management LLC, people familiar with the matter said on Wednesday.
Brazil plans to charge Vale over deadly mine collapse: WSJ
Prosecutors are planning to file criminal charges against Brazil’s miner Vale SA and its employees over the collapse of a mine-waste dam in January that killed hundreds of people, the Wall Street Journal reported, citing the lead investigator.
Lyft shares hit new low as Uber IPO chatter revs up
Shares of recently listed Lyft Inc fell to a fresh low and closed the day down almost 11 percent on Wednesday on news that rival Uber Technologies Inc was close to filing its own initial public offering.
JetBlue targets low-fare transatlantic travel with 2021 London launch
JetBlue Airways Corp hopes to break into the low-fare, transatlantic travel market beginning in 2021 with multiple daily flights from New York and Boston to London, its first European destination, the carrier said on Wednesday.
