Power of love: China’s latest arranged match rattles utilities
BEIJING (Reuters) – Beijing announced its latest arranged marriage by matching the country’s top coal miner with one of its biggest utilities to create a global powerhouse worth $280 billion on China’s Valentine’s Day.
Wall Street ends higher as fear over North Korea dissipates
NEW YORK (Reuters) – Major U.S. stock indexes ended higher on Tuesday after recovering from steep early losses triggered by fears that hostilities in the Korean Peninsula could escalate.
Best Buy says strong sales not ‘new normal,’ shares skid
(Reuters) – Best Buy Co Inc reported another strong quarter of same-store sales on Tuesday, but shares of the No.1 U.S. consumer electronics retailer fell after it cautioned that the performance should not be seen as a “new normal.”
Philippines lifts Uber suspension after it pays nearly $10 million in penalties
MANILA (Reuters) – The Philippines lifted its one-month suspension on Uber Technologies [UBER.UL] ahead of schedule on Tuesday after the ride-hailing firm paid almost $10 million in a fine and financial aid to its drivers affected by the halted operati…
Despite new U.S. sanctions, Russian oil traders say it’s business as usual
MOSCOW (Reuters) – Russian oil companies will quickly find ways to work around tighter restrictions imposed this month by the United States on the foreign finance they can use, multiple Russian oil industry sources told Reuters.
Air Berlin says deadline for offers is September 15
FRANKFURT (Reuters) – Bidders for assets of insolvent German airline Air Berlin have until Sept. 15 to submit their offer, a spokesman for Air Berlin said in an e-mailed statement on Tuesday.
Linde, Praxair get second antitrust request from FTC
FRANKFURT (Reuters) – Linde and Praxair said late on Monday they were responding to a second request from the U.S. Federal Trade Commission regarding their planned $74 billion merger and were in a pre-notification phase with the European Commission….
Uber to end post-trip tracking of riders as part of privacy push
PALO ALTO, Calif. (Reuters) – Uber Technologies Inc is pulling a heavily criticized feature from its app that allowed it to track riders for up to five minutes after a trip, its security chief told Reuters, as the ride-services company tries to fix its…
Ford teams with Domino’s on self-driving pizza delivery test
ANN ARBOR, Mich. (Reuters) – Ford Motor Co and Domino’s Pizza Inc in September will begin testing Michigan consumers’ reactions to having their pies delivered by self-driving vehicles, the companies said on Tuesday.
Gasoline jumps 4 percent, oil mixed as storm hits more refineries
New York (Reuters) – U.S. gasoline futures jumped 4 percent while crude prices were mixed on Tuesday after a hurricane shut down more than 19 percent of the country’s refining capacity, curbing fuel production and further bloating crude inventories.
