Oil near late-2014 highs as Saudi pushes for higher prices, U.S. crude stocks decline
SINGAPORE (Reuters) – Oil prices on Thursday remained close to late 2014-highs reached in the previous session as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for prices of $80 to $100 per barrel by continuing to withhold sup…
California agency probing Tesla on occupational safety
(Reuters) – Tesla Inc is being probed by a California agency for occupational safety after a report that the electric carmaker failed to disclose serious injuries at a Fremont factory.
SEC proposes rule to combat conflicted investment advice
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday proposed a new rule that would require brokers at firms like Morgan Stanley and Merrill Lynch Wealth Management to clearly explain the fees investors pay and commissions bro…
Time Warner CEO says AT&T merger needed to compete with internet titans
WASHINGTON (Reuters) – Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company’s planned merger with telecoms firm AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.
Starbucks’ Schultz steps in as outrage over cafe arrests simmers
LOS ANGELES (Reuters) – Starbucks Corp turned to long-time leader Howard Schultz on Wednesday to make the case that the U.S. coffee chain accused of racial profiling is committed to offering a “safe space” to customers despite the arrest of two black …
Fox chose Disney over Comcast on regulatory, stock fears: filing
(Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc, which agreed in December to sell most of its assets to Walt Disney Co for $52.4 billion, had previously rejected a bid from Comcast Corp over concerns about the regulatory risks and its stock v…
AmEx profit tops estimates as record splurge on rewards woos customers
(Reuters) – Credit card issuer American Express Co easily topped Wall Street targets for quarterly profit as record investments in card rewards and a strengthening U.S. economy contributed to higher customer spending.
Amazon says it has more than 100 million Prime members
(Reuters) – Amazon Inc said on Wednesday it now has more than 100 million Amazon Prime members globally.
Disney filing discloses Fox’s reasons for rejecting Comcast bid
(Reuters) – Twenty-First Century Fox Inc , which has agreed to sell most of its assets to Walt Disney Co , rejected a deal with another entity that a source identified as Comcast Corp due to higher regulatory risks.
Qualcomm begins layoffs as part of cost cuts: Bloomberg
(Reuters) – Chipmaker Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut costs by $1 billion, Bloomberg reported on Wednesday, citing people familiar with the matter.
