Texas oil output surge clogs pipelines, depresses prices
NEW YORK (Reuters) – The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected.
Pratt & Whitney wins JetBlue engine order
NEW YORK (Reuters) – U.S. airline JetBlue Airways Corp said on Thursday it has awarded Pratt & Whitney a contract to supply engines for its total fleet of 85 Airbus A320neo aircraft, more than doubling the carrier’s previous contract with the engine maker.
Wall Street climbs as trade fears ebb
(Reuters) – Wall Street rose on Thursday afternoon as investors shrugged off fears of an escalating trade conflict between the United States and China and looked forward to the quarterly earnings season.
Target settles claims it screened blacks, Hispanics out of jobs
NEW YORK (Reuters) – Target Corp has agreed to review its policies for screening job applicants and pay $3.74 million to settle a lawsuit claiming its use of criminal background checks kept thousands of blacks and Hispanics from obtaining employment.
China signals tough stance on trade as U.S. officials push talks
BEIJING/WASHINGTON (Reuters) – China would win any trade war with the United States, the country’s state media said on Thursday, as U.S. officials sought to ease market jitters over escalating tensions between the world’s two biggest economies.
Wells Fargo to integrate corporate and investment bank: WSJ
(Reuters) – Wells Fargo & Co is planning to integrate its corporate and investment bank in an effort to reduce costs, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
S&P 500 eyes best three-day gain since Trump’s election
(Reuters) – The S&P 500 on Thursday headed for its best three-day rise since President Donald Trump’s election as technology and industrial shares bolstered a recovery on easing trade war concerns.
China’s HNA to sell some or all of $6.3 billion Hilton stake
(Reuters) – China’s HNA Group Co Ltd, the heavily indebted aviation-to-financials conglomerate, plans to sell some or all of its $6.3 billion stake in Hilton Worldwide Holdings Inc , underlining its need to shed assets and tackle a cash crunch.
NAFTA nations ‘moving forward in significant way’: Canada’s Trudeau
OTTAWA (Reuters) – The United States, Mexico and Canada are “moving forward in a significant way” at talks to modernize the NAFTA trade pact, Canadian Prime Minister Justin Trudeau said on Thursday.
China will win any trade war with U.S.: state media
BEIJING/WASHINGTON (Reuters) – China has never surrendered to external pressure and it will win any trade war with the United States, the nation’s state media stressed in the hours after the world’s two top economies targeted each other with planned st…
