Exclusive: PDVSA leaves Bahamas oil terminal, expands in St Eustatius – sources
HOUSTON (Reuters) – Venezuelan state-run oil company PDVSA is moving millions of barrels of oil from a Bahamas storage facility after terminating a contract with the owner, U.S. Buckeye Partners LP, according to internal data and sources close to the d…
Verizon closes Yahoo deal, Mayer steps down
(Reuters) – Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc’s core business and that Marissa Mayer, chief executive of the internet company, had resigned.
Apple focusing on autonomous car system: CEO Cook on Bloomberg
(Reuters) – Apple Inc is concentrating on technology for self-driving cars, Chief Executive Tim Cook said for the first time in an interview with Bloomberg.
‘No going back’ on GE digital push under new CEO, executives say
BERLIN (Reuters) – General Electric will not abandon its high-tech strategy under its new chief executive even if the transition to digital equipment proves “uncomfortable” for many of its customers, senior managers said on Tuesday.
U.S. producer prices unchanged; services costs on the rise
WASHINGTON (Reuters) – U.S. producer prices were unchanged in May as energy costs recorded their biggest decline in more than a year, suggesting a moderation in inflation after a rise at the start of the year.
Wells Fargo employees paid for first time using new sales metrics
(Reuters) – Wells Fargo & Co paid its branch employees for the first time in May using new sales metrics that focus on customer service, branch banking chief Mary Mack said at an investor conference Tuesday.
GM completes production of 130 Bolt self-driving cars
(Reuters) – General Motors Co said on Tuesday it has completed production of 130 self-driving Chevrolet Bolt electric vehicles at its Orion assembly plant in Michigan.
Oil edges down as OPEC sees market rebalancing at slower pace
LONDON (Reuters) – Oil prices edged down on Tuesday after OPEC reported an increase in its production for May despite a supply cut agreement and said the oil market was rebalancing more slowly than expected.
Bill Gross advises investors to cut risk on U.S. growth woes
NEW YORK (Reuters) – Bond investor Bill Gross warned on Tuesday that investors should reduce their risk appetite, given the U.S. growth rate is stunted by secular forces “which monetary and even future fiscal policies seem unable to reverse.”
Exclusive: Renault-Nissan considers hidden bonus plan – documents
PARIS (Reuters) – Renault-Nissan alliance bankers have drawn up plans designed to channel millions of euros in additional, undisclosed bonuses to Chairman Carlos Ghosn and other managers via a specially created service company, according to documents s…
