Oil slides, hits six-month low on rising global production
NEW YORK (Reuters) – Oil prices settled lower for a second straight day on Thursday, as the market was unable to rebound from Wednesday’s decline on the back of a surprise build in U.S. gasoline inventories and ongoing worries about heavy global supply…
Tech sputters again, dragging Wall Street lower
(Reuters) – A recent slump in technology stocks worsened on Thursday, dragging on major U.S. indexes, while investors fretted about the economy’s health after the Federal Reserve lifted interest rates.
Messaging startup Slack said to draw interest from Amazon: Bloomberg
(Reuters) – Slack Technologies Inc, a corporate messaging and collaboration software startup, has received inquiries about a potential takeover from technology companies including Amazon.com Inc , Bloomberg reported on Thursday.
BP’s Dudley seen reigning for years to restore major’s might
LONDON (Reuters) – When BP boss Bob Dudley clinched a final deal to settle litigation over the deadly Deepwater Horizon disaster, many oil industry executives and investors thought his mission was accomplished.
Fiat Chrysler recalling 297,000 vehicles for inadvertent air bag deployments
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV is recalling 297,000 older minivans in North America because of a wiring problem that can lead to inadvertent air bag deployments, the company said on Thursday.
Deutsche Bank outlines organization of revamped investment bank
FRANKFURT (Reuters) – Deutsche Bank has outlined clearly differentiated roles for the co-heads of its revamped investment bank to make it more efficient and is also creating a new global markets division.
Attacks on Western cities prompt insurers to adapt
LONDON/NEW YORK (Reuters) – The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in tourism.
Uber’s trucking ambitions in lower gear after Otto deal
SAN FRANCISCO (Reuters) – Uber Technologies Inc’s drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling $700-billion indust…
China censures Emirates airline after two safety incidents
SHANGHAI (Reuters) – China’s civil aviation authority has fined the world’s largest longhaul carrier, Dubai-based Emirates, and barred it from adding new destinations and aircraft in China for six months, following two incidents of “unsafe operations”….
Bank of America to lay off more workers
(Reuters) – Bank of America Corp has begun laying off employees in its operations and technology division, part of the second-largest U.S. bank’s plan to cut costs.
