AIG to restructure operations into three business units
(Reuters) – American International Group Inc said on Monday it would reorganize into three new business units and will no longer have Commercial and Consumer businesses.
Oil hits eight-month high as producers say market rebalancing
LONDON (Reuters) – Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on its way toward rebalancing.
DR Horton cuts cash flow forecast 50 percent due to hurricanes
(Reuters) – D.R. Horton Inc , the No.1 U.S. homebuilder, slashed its 2017 cash flow forecast from operations by half, citing delays because of the recent hurricanes.
Euro, bond yields drop as Germany’s Merkel holds on
LONDON (Reuters) – The euro and European government bond yields slipped on Monday after the bloc’s most powerful leader, German Chancellor Angela Merkel, won a fourth term but faced a fractured parliament as support for the far right surged.
P&G, Peltz vie for small investor votes in biggest-ever proxy fight
NEW YORK (Reuters) – The largest corporate proxy fight in history, between Procter & Gamble Co and activist investor Nelson Peltz, may ultimately be decided by small shareholders like Tom Neubecker.
Fighting for survival in London, Uber says it can improve
LONDON (Reuters) – Uber called on Monday for talks with London’s transport regulator as soon as possible and pledged to make improvements in the way it reports serious incidents in a bid to retain its license.
Oil hits seven-month high as producers say market rebalancing
LONDON (Reuters) – Oil prices rose on Monday to their highest in seven months after major producers said at a meeting in Vienna the global market was well on its way toward rebalancing.
Euro, stocks slip after Germany’s Merkel hangs on to power
LONDON (Reuters) – The single currency and European stocks slipped on Monday after the bloc’s most powerful leader German Chancellor Angela Merkel won a fourth term but faced a fractured parliament as support for the far-right surged.
Chevron to invest $4 billion to boost Permian Basin output
SINGAPORE (Reuters) – Oil major Chevron Corp will next year invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States, a company executive said on Monday.
Uber says not clear what prompted London regulator to strip it of license
LONDON (Reuters) – Uber said on Monday it was not clear what concerns London’s transport regulator had for stripping it of its license as the taxi app battles to keep operating in one of the world’s wealthiest cities.
