Oil prices edge up to two-week high on dip in U.S. output
NEW YORK (Reuters) – Oil futures edged up less than 1 percent after hitting a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly U.S. crude production temporarily alleviated concerns about deepening ove…
BHP chairman says $20 billion investment in shale was a mistake
SYDNEY (Reuters) – BHP Billiton’s Chairman Jac Nasser said on Thursday BHP’s $20 billion investment in U.S. shale oil and gas six years ago was, in hindsight, a mistake.
Reuters poll: Small upside for U.S. stocks in second half, worries loom
NEW YORK (Reuters) – U.S. stocks will rise marginally in the second half of the year, although any future economic disappointments or deeper uncertainty over President Donald Trump’s agenda could trigger a market pullback, a Reuters poll showed.
U.S. first-quarter GDP growth revised up to 1.4 percent
WASHINGTON, June 29 (Reuters) – The U.S. economy slowed less sharply in the first quarter than initially estimated due to unexpectedly higher consumer spending and a bigger jump in exports.
U.S. first quarter economic growth revised up on jump in consumer spending
WASHINGTON (Reuters) – The U.S. economy slowed less than feared in the first quarter due largely to a jump in consumer spending, providing a slightly more encouraging outlook for growth this year.
Walgreens scraps Rite Aid merger, will instead buy half its stores
(Reuters) – Drugstore chain Walgreens Boots Alliance Inc scrapped its deal to buy Rite Aid Corp after failing to win antitrust approval, but said it would instead buy nearly half of the smaller rival’s U.S. stores for $5.18 billion.
Stuttgart prosecutors probe Porsche, Bosch about diesel emissions
FRANKFURT (Reuters) – Prosecutors in Stuttgart have launched a preliminary probe against employees at German sportscar maker Porsche AG to see whether they were involved in designing engine management software to cheat emissions tests.
Wall Street hit hard as tech softness continues
(Reuters) – Wall Street fell sharply on Thursday, with the S&P 500 and the Dow industrials suffering their worst daily percentage drops in about six weeks, as a recent decline in technology shares deepened and outweighed strength in bank shares.
Britain says Fox bid for Sky risks giving Murdoch too much power
LONDON (Reuters) – Britain intends to subject Rupert Murdoch’s takeover of European pay-TV group Sky to a lengthy in-depth investigation after finding the $15 billion deal risks giving the media mogul too much power over the news agenda.
Logitech proposes 10 percent dividend hike
ZURICH (Reuters) – Logitech has proposed raising its dividend by 10 percent to 0.62 Swiss francs per share, the computer peripherals and mobile speaker maker said on Thursday, after it reported its highest level of operating cash flow in seven years.
